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The Point Bridge GOP Stock Tracker ETF (ticker: MAGA), an ETF that invests in companies that support President Trump and Republican candidates, is up nearly 14 percent since Friday, compared to nearly 11.3 percent for the S&P 500. ... Northwestern Mutual Invests in Advisor Coaching Firm Northwestern Mutual has become a majority investor in ClientWise, Ray Scalfani's business and executive coaching and consulting firm. The deal allows ClientWise, which counts Merrill Lynch Wealth Management and JP Morgan as clients, to continue to operate as an independent firm while partnering with Northwestern Mutual to coach, develop and grow the businesses of its more than 6,400 financial advisors. ... Swiss Bank Opens Up to Bitcoin At least one wealth management firm is indulging its clients' appetite for cryptocurrencies. Swiss-based Falco Private Bank has launched, "with immediate effect," a crypto-wealth-management service that can "place their clients' wealth originating from crypto assets and converted into fiat currency." The bank says it applies required due diligence using "specific tools" to analyse the transaction history on the blockchain "to ensure full compliance with anti-money laundering and know your client laws and regulations." ... |