BlackRock executive Samara Cohen thinks Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) will be allocated to model portfolios by the end of this year and into 2025. Model portfolios are a basket of different investments crafted by a financial advisor, according to the financial services firm Morningstar. Cohen, BlackRock’s...

BlackRock Executive Predicts Bitcoin and Ethereum Become Part of Model Portfolios by 2025

“You have to meet the investor where - and how - they want to be met.”. Women are becoming a formidable force in wealth management, as leaders, investors and as advisors. Massive wealth is expected to shift into the hands of US women over the next couple of years, representing an estimated $30 trillion opportunity by 2030, according to McKinsey.

Unleashing Female Strength: Tapping into the $30 Trillion Women’s Wealth Management Market

Fidelity introduced two new technology offerings that it said Monday were designed to reduce cost and resources, which the firm identified as two common tech barriers for smaller RIAs looking to establish and grow their businesses. One of the new offerings is an all-in-one technology offering with Advyzon and Fidelity-owned...

New Fidelity Tech Solutions Reduce RIA Resources, Cost

Fortune

Savvy has raised $15.5 million in an additional round led by Canvas Ventures, closing the startup’s Series A at $26.5 million, Fortune can exclusively report. Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures, all existing investors, also participated in the round.

Exclusive: Savvy Wealth closes Series A at $26.5 million

Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed its Series E funding round with $50 million in new equity capital. Octane has raised $242 million in total equity funding to date. The capital will fuel Octane’s expansion...

Octane Raises $50 Million in Series E Funding Round

San Francisco, CA

New York Post

Laurene Powell Jobs, the billionaire widow of Apple visionary Steve Jobs, has set a new residential sale record for the city of San Francisco. 

Powell, 60, purchased a home in the Pacific Heights neighborhood for a cool $70 million, individuals with knowledge of the sale told the Wall Street Journal.  

The property wasn’t publicly listed for sale, but the sellers — Sloan Lindemann Barnett, the daughter of billionaire George L. Lindemann and Roger Barnett, chief executive of Shaklee, a health-supplement maker — initially wanted more than $100 million for it, sources told the Journal. It is sandwiched between homes owned by billionaire...

This billionaire just bought the most expensive home in San Francisco

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Florida State

Akeena

Who would have thought that a chain known for its endless shrimp promotion could find itself in such a pickle? But here we are—Florida-based Red Lobster, which has been reeling from financial troubles, may have finally found a lifeline. After a surprising $11 million loss in the third quarter of 2023 due to that very shrimp deal, Red Lobster filed for bankruptcy in May 2024. And now, there’s a glimmer of hope on the horizon.

A Florida based chain that filed for bankruptcy has reportedly found a potential buyer

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Hinsdale, IL

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Chicago Food King

My next stop is at an extremely popular restaurant that has one of the best outdoor patios in the suburbs. It also has a hamburger that people are saying tastes just like an “In-N-Out” burger. The restaurant I am talking about is Fuller House in Hinsdale.

The Best “In N Out” Replica burger is in this Popular Hinsdale Restaurant

Financial services companies are managing tens of thousands of identities which, at scale, can be challenging to quickly manage and secure access for employees as they join, transfer departments, or leave a company. 77% state these problems are exacerbated by a rapid influx of identities as a result of mergers and acquisitions. Acquired companies may lack visibility into all their identities’ access and may delay, inadvertently overprovision, or underprovision access.

2024 State Of Identity Security in Financial Services

FinanceBuzz

Check out what ultra-rich dynasty or tycoon lives in your state and how did they make their fortune.

The Richest Family Name in Every State (#27 Is King of Investing)

The booming adoption of AI is impacting multiple industries and is expected to drive solid revenue growth in the memory chip and cloud markets. Investors can capitalize on these AI-powered growth trends with the help of two attractively valued companies that have received a nice shot in the arm thanks to AI.

2 Artificial Intelligence (AI) Stocks That Could Make You a Millionaire

ISI Markets hire Schmidt as CRO, Data and Analytics. ISI Markets has appointed Wes Schmidt as chief revenue officer (CRO) for its Data and Analytics offerings (EPFR & CEIC) on a global basis. This announcement follows the successful acquisition of EPFR, a strategic move that further expands ISI Markets’ global...

ISI Markets hire Schmidt as CRO, Data and Analytics

US-Israeli fintech Pagaya Technologies has agreed a deal to buy Theorem Technology, a Silicon Valley-based institutional asset manager powered by machine learning tech, for an undisclosed sum. The deal will see Theorem’s institutional fund management business, consumer credit funds and engineering capabilities merge with Pagaya’s AI-powered consumer credit and residential...

Pagaya set to acquire Silicon Valley’s Theorem Technology for an undisclosed sum

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

The musician and mogul's firm Marcy Venture Partners may be undergoing a merger with Pendulum Holdings, a firm co-founded by Barack Obama's former financial advisor. Jay-z is reportedly making major waves in the venture capital space. The music legend and mogul’s venture capital firm, Marcy Venture Partner may be laying...

Jay-Z's Venture Capital Firm Is Reportedly Laying Plans To Deploy A Merger That Could Be Valued At $1B

Online-only or ‘faceless’ banks are becoming a more familiar part of the UK banking landscape, with increasing numbers of businesses managing their finances through digital-only providers like Starling or Monzo. To uncover attitudes towards digital versus traditional business banking, NerdWallet UK surveyed 1,000 business owners and decision-makers of...

Almost Half (46%) of UK Business Leaders Trust Digital-Only Banks as Much as Traditional Banks

NewsBreak

Savvy Wealth Completes $26.5 Million Series A Round to Modernize Wealth Management With Transformative AI Tools

Savvy Wealth, a digital-first platform for financial advisors centered around modernizing human financial advice, today announced an additional $15.5 million funding round led by Canvas Ventures....

Savvy Wealth Completes $26.5 Million Series A Round to Modernize Wealth Management With Transformative AI Tools

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