Contrary to popular belief, it's not just folks down on their luck and who need a quick buck that are flocking to pawn shops. Wealthy people looking to fund new ventures or add to their growing art or collectible collections are increasingly using high-end pawn shops for fast access to cash. ...
Morningstar Launches Quant Rating Morningstar has introduced its new Quantitative Rating, which uses machine learning to assign a rating to mutual funds and ETFs not covered by the firm’s analysts. Morningstar analysts currently cover 1,800 mutual funds and ETFs, while the Quantitative Rating will cover more than 10,000 funds across 30,000 share classes in the U.S. ... Mercer Advisors Crosses $12 Billion Mark Mercer Advisors, one of the biggest national registered investment advisors in the country, recently crossed the $12 billion mark in assets under management with its largest acquisition to date. The RIA announced Monday it had acquired Traust Sollus Wealth Management, a firm with offices in New York City and Princeton, NJ that caters to high net worth individuals and has approximately $420 million AUM. ...
