Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

AUGUST 05, 2024

RIA CHANNELS

Focus Brings $3.6B HoyleCohen Into Colony

HoyleCohen is the latest to be merged into The Colony Group as part of Focus Financial Partners' consolidation strategy.

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ETFS

Tech ETFs That Drew Billions Are Battered by Losses Hitting 60%

Leveraged-up ETF positions are getting thrashed in the sweeping market meltdown.

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TECHNOLOGY

Savvy Wealth Closes Series A Funding, Raising $26.5M

VC firm Canvas Ventures led the latest funding round. CEO Ritik Malhotra says the firm will use the money to expand Savvy’s software suite and strengthen its product and development team.

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Industry

Schwab, Fidelity Traders Report Outages During Stock Meltdown

The global market was roiled over the weekend following Friday’s lackluster US jobs report and the biggest crash of Japanese equities in over a decade. 

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