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Wells Fargo Reports $36.2 Billion Of Private-Credit Exposure

by The Wealth Advisor Contributor
(Bloomberg) - Wells Fargo & Co. said its exposure to private-credit firms was roughly $36.2 billion in the first quarter, offering details on a category closely watched by investors.Companies in the business services, software and health-care industries make up about half of the total value of the collateral, with software companies accounting for 17%.

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JPMorgan And Other Big Banks See Profits Rise As Dimon Warns Of 'Increasingly Complex Set Of Risks'

(Yahoo!

Fed nominee Warsh Files Financial Disclosure In Step Towards Confirmation

(Reuters) - Kevin Warsh, the former Federal Reserve governor chosen by ‌President Donald Trump to run the central bank, ‌has submitted financial disclosures that are required for his nomination to advance through the Senate, beg

David Geffen Settles His Divorce From Donovan Michaels

David Geffen’s divorce from Donovan Michaels (legally David Armstrong) offers a high-profile case study in the financial, legal, and reputational risks that can arise when ultra-high-net-worth individuals enter marriage without comprehensi

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TAMPs

Envestnet Tamarac: Enabling RIAs To Scale Advice With Greater Transparency AND Client Engagement

"RIAs need technology that strengthens oversight without slowing them down," said Chris Todd, Chief Executive Officer of Envestnet. "These latest Tamarac platform enhancements reflect our ongoing dialogue with independent advisors and our focus on embedding greater trading transparency, reporting flexibility, and mobile client access directly into daily workflows to help firms move faster, operate with greater accountability, and scale confidently as their businesses grow."

Economy

Prices Are Beginning To Rise Faster Than Americans' Wages

(Yahoo! Finance) - Underscoring Americans’ deepening concerns about affordability: Their pay gains are on the verge of being overtaken by price increases.

Companies

Jump Expands Partnership With Perennial Financial Services To Deploy AI Operating System Firmwide

Expansion underscores growing role of AI-driven operations as a competitive differentiator for independent advisory firms

RIA Knowledgebase

After Spending $16.5 Million For Logan Paul Pokémon Card, AJ Scaramucci Is Hunting For Dinosaur Fossils

(Yahoo! Finance) - AJ Scaramucci, son of Skybridge Capital founder Anthony Scaramucci, looks to be a chip off the old block.

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