PITTSFIELD, Mass. – Greylock FCU said yesterday it has acquired family-owned Gallup & Casey Insurance Services and will combine it with its own insurance operations, acquired in 2004. The deal transaction that will make Greylock the Berkshire's only county-wide agency. Financial terms of the transaction were not disclosed. The combined insurance agency, which will operate under the Greylock name, will have $15 million in premiums and an estimated 9,000 customers.
In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge performance-based fees.
Meta's Muse digital assistant and fintechs have drawn lots of attention, but Amex contends it can harness its long history and ample data to train its internally developed artificial intelligence agents.
What can banks learn from developments around consumer-facing apps like Muse about the future norms they will inevitably have to navigate.
As a significantly underrepresented group in the industry, Black planners and other wealth management professionals of all backgrounds have been tapping into the Quad-A network and professional development opportunities for decades.
Advisors may want to rethink one of the industry's retirement rules of thumb. Two researchers suggest swapping the traditional 4% withdrawal rate for a "flexible 3%" rule to lower failure rates for longer time horizons.
Peoples Bancorp, which has been hovering just below a key regulatory threshold, plans to get to $14 billion of assets with its planned acquisition of Maryland-based Capital Bancorp.
