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Horace Mann now available to New Jersey teachers

Mon, 12/09/2024 - 09:27
SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN), the largest financial services company focused on helping America’s educators and others who serve the community achieve lifelong financial success, today announced its expansion into New Jersey. Already serving educators in over 40 states, Horace Mann is proud to bring its comprehensive suite of financial and insurance solutions to the educational community in New Jersey. “We’re excited to expand into the New Jer

New CAIS and Mercer Survey Reveals Widespread Adoption of Alternative Investments Among Financial Advisors

Mon, 12/09/2024 - 09:27
NEW YORK--(BUSINESS WIRE)--Nine in 10 financial advisors surveyed (92%) currently incorporate alternative investments in client portfolios, with 91% planning to increase allocations over the next two years, according to the third annual independent survey conducted by CAIS and Mercer. Five in 10 advisors now allocate over 10% of client portfolios to alternatives, while more than three-quarters (76%) allocate at least 5%. The survey also revealed that advisors are looking for more streamlined wa

Carmichael Hill & Associates, Inc. Joins MAI Capital Management

Mon, 12/09/2024 - 09:27
CLEVELAND--(BUSINESS WIRE)--MAI Capital Management, LLC (“MAI”), a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, today announced the acquisition of Carmichael Hill & Associates, Inc. (“Carmichael Hill”). Terms of the transaction were not disclosed. Headquartered in Gaithersburg, Maryland, Carmichael Hill has offered tailored retirement planning and financial services since its founding in 1989. Prin

Peachtree Group Surpasses $1.0 Billion in CPACE Financing

Mon, 12/09/2024 - 09:27
ATLANTA--(BUSINESS WIRE)--Peachtree Group has surpassed $1.0 billion in Commercial Property Assessed Clean Energy (CPACE) financing, completing 22 CPACE transactions in 2024.

Shelter Insurance® Selects Guidewire to Transform Business Operations

Mon, 12/09/2024 - 09:27
COLUMBIA, Mo. & SAN MATEO, Calif.--(BUSINESS WIRE)---- $GWRE #GuidewireBillingCenter--Shelter selected Guidewire InsuranceSuite on Guidewire Cloud to transform business operations.

OMC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Omnicom Group Inc. Is Fair to Shareholders

Mon, 12/09/2024 - 09:27
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Omnicom Group Inc. (NYSE: OMC) and The Interpublic Group of Companies, Inc. is fair to Omnicom shareholders. Upon closing of the proposed transaction, Omnicom shareholders will own 60.6% of the combined company. Halper Sadeh encourages Omnicom shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or s

IPG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of The Interpublic Group of Companies, Inc. Is Fair to Shareholders

Mon, 12/09/2024 - 09:27
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of The Interpublic Group of Companies, Inc. (NYSE: IPG) to Omnicom for 0.344 Omnicom shares for each share of Interpublic common stock is fair to Interpublic shareholders. Halper Sadeh encourages Interpublic shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersad

Shareholder Alert: Ademi LLP Investigates Whether Enterprise Bancorp, Inc. Is Obtaining a Fair Price for Its Public Shareholders

Mon, 12/09/2024 - 09:27
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Enterprise (NASDAQ Global Select Market: EBTC) for possible breaches of fiduciary duty and other violations of law in its transaction with Independent. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Enterprise shareholders will receive $45.06 per share (0.60 shares of Independent co

MetLife Investment Management Named a Best Place to Work in Money Management for Fourth Consecutive Year

Mon, 12/09/2024 - 09:27
WHIPPANY, N.J.--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced it has been named a “2024 Best Place to Work in Money Management” by Pensions & Investments. This marks MIM’s fourth consecutive year on the list. “We are proud to receive this recognition, which reflects our purpose-driven culture and was achieved through the collective efforts of the entire MIM team,” said Jude Driscoll, President

New Fortress Energy Financing Update

Mon, 12/09/2024 - 09:27
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce the completion of the private exchange of $1.5 billion new senior secured notes for more than two-thirds of each of the Company’s outstanding senior secured notes maturing in 2026 and 2029. This transaction is the second and final step of the Company’s $2.7 billion issuance of new senior secured notes due 2029. The $2.7 billion of new senior secured notes will trade as a single clas

Porch Group Reiterates $32m Q4’24 Adj EBITDA(1) Guidance and Shares Investor Day Highlights

Mon, 12/09/2024 - 09:27
SEATTLE--(BUSINESS WIRE)--Porch Group Reiterates $32m Q4’24 Adj EBITDA Guidance and Shares Investor Day Highlights

CBRE Group, Inc. to Present at the Goldman Sachs 2024 Financial Services Conference

Mon, 12/09/2024 - 09:27
DALLAS--(BUSINESS WIRE)--CBRE (NYSE: CBRE) announced today that Bob Sulentic, the company’s chair & chief executive officer, will participate in a fireside chat at the Goldman Sachs Financial Services Conference on Wednesday, December 11, 2024. The presentation is scheduled for 8 am Eastern time. A live audio webcast of the presentation will be accessible via the Investor Relations section of the company’s website at www.cbre.com. An audio replay of the webcast will be posted within 24 hour

Milliman analysis: Corporate pension funded status improves by $5 billion in November

Mon, 12/09/2024 - 09:27
SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. During November, the Milliman 100 PFI plans’ funded ratio rose from 103.2% at the end of October to 103.5% as of November 30. Strong monthly investment returns of 1.88% drove this result, lifting the market value of plan assets by $18 billion to $1.338 trillion at

Shareholder Alert: Ademi LLP Investigates Whether The Interpublic Group of Companies, Inc. Is Obtaining a Fair Price for Its Public Shareholders

Mon, 12/09/2024 - 09:27
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Interpublic (NYSE: IPG) for possible breaches of fiduciary duty and other violations of law in its transaction with Omnicom. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Interpublic shareholders will receive 0.344 Omnicom shares for each share of Interpublic common stock they own.

Pantheon expands US private wealth offerings with evergreen infrastructure fund

Mon, 12/09/2024 - 09:27
LONDON--(BUSINESS WIRE)--Pantheon, a leading global private markets investor, today announced that it has filed for registration of the AMG Pantheon Infrastructure Fund (P-BUILD), an innovative evergreen fund offering private wealth investors access to Pantheon’s specialist approach to private infrastructure secondaries investments. P-BUILD will be offered in a registered interval fund structure and become the latest addition to the firm’s growing, global evergreen platform. P-BUILD will look t

Alliant Insurance Services Acquires Union First, Expanding Its Benefits Solutions for Public Safety Associations

Mon, 12/09/2024 - 09:27
IRVINE, Calif.--(BUSINESS WIRE)-- #Acquisitions--Alliant Insurance Services has announced the acquisition of Union First, a specialized benefits consulting and third-party administration firm.

WNS Extends Strategic Engagement with Canopius

Mon, 12/09/2024 - 09:27
NEW YORK & LONDON & MUMBAI, India--(BUSINESS WIRE)---- $WNS #AI--WNS today announced that it has extended its transformation-led strategic engagement with Canopius Group (Canopius).

DoubleVerify Launches Industry-Leading GenAI Protection to Safeguard Brands from Low-Quality, AI-Generated Content

Mon, 12/09/2024 - 09:27
NEW YORK--(BUSINESS WIRE)--DoubleVerify (DV), the leading software platform for digital media measurement, data, and analytics, today announced the launch of its Generative Artificial Intelligence (GenAI) Website Avoidance & Detection solution. This innovative offering helps advertisers navigate the risks posed by low-quality, AI-generated content and protect their brand reputation online. According to DV’s 2024 Global Insights Trends Report, 54% of marketers believe that generative artific

Franklin Templeton Announces Distribution Rates for Putnam Closed-End Funds

Mon, 12/09/2024 - 09:27
BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following distributions. NAME AND DISTRIBUTIONS* EX DATE RECORD DATE PAYMENT DATE         Putnam Master Intermediate Income Trust (NYSE:PIM) (CUSIP: 746909-10-0) $0.0220 per share 12/23/24 12/23/24 1/2/25         Putnam Managed Municipal Income Trust (NYSE:PMM) (CUSIP: 746823-10-3) $0.0238 per share 12/23/24 12/23/24 1/2/25         Putnam Municipal Opportunities Trust (NYSE:PMO) (CUSIP: 746922-10-3) $0.0350 per share 12

Generational Wealth Divide: Younger High Net Worth Americans May Reshape How Wealth Is Transferred to Future Generations According to New Schwab Survey

Mon, 12/09/2024 - 09:27
WESTLAKE, Texas--(BUSINESS WIRE)--A generational shift is emerging among wealthy Americans planning to pass their wealth, according to Schwab’s new survey of more than 1,000 high net worth1 (HNW) Americans, as younger wealthy Americans break from tradition by opting to transfer their wealth during their lives, rather than waiting until after death. They’re also planning a more prescriptive approach to how their wealth is used. Schwab’s survey shows that among wealthy Americans, defined as those

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