The ongoing U.S. government shutdown has disrupted the flow of vital economic data, leaving family offices without many of the indicators they rely on for investment decisions. With no updates on unemployment, trade, or commodities figures, investors are turning to corporate earnings and alternative data sources to gauge the health of the economy.
No organization could have anticipated the unprecedented global implications of COVID-19. The swift and relentless nature of the pandemic impacted the global economy in ways not seen during previous crises. Businesses across all industries were faced with critical decisions as they executed business continuity plans.
Wealthtech firm Smarterly has raised £7 million in a Series A funding round led the family office of Major Oak that provided £5 million.
Wilmington Trust, a leader in institutional trust services and the first financial institution to launch searchable tickers for collective investment trusts (CITs), recently hosted a webinar and launched a new whitepaper to highlight the advantages of CITs for advisors working with sponsors of defined benefit and defined contribution plans – particularly 401(k) plans.
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