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Compared to tech giants, the percentage of operating budgets devoted to technology research and development among big financial institutions are strikingly small, according to an Autonomous NEXT report. The firm estimates that "the leading banks are spending 5 percent of revenue on 'change the bank' initiatives, with the rest quite behind." Tech giants Amazon, Apple, Facebook and Google, on the other hand, spend at least 9 percent of their revenue on R&D. ...
RFG Advisory Chooses New Broker/Dealer
RFG Advisory, a registered investment advisor with $1.7 billion in assets under administration, said Monday that Private Client Services would be the firm's new broker/dealer. ...
Multi-Family Office Gets Approval For Its Own Trust Company
The North Carolina Banking Commission approved a new trust company founded by the principals of Colony Family Offices. The multi-family office said Monday that the new business will be called the Colony Trust Company and that it is the first newly-chartered public trust company in the state in over eight years. ... |
