The company revealed in a Q2 trading update on Thursday that its platform attracted 32,000 new customers in the three-month period, ending the quarter with 593,000 platform customers, an increase of 18% over the past year. Customer growth was said to have been driven by both the advised and direct-to-consumer (D2C) channels. Advised customer numbers…
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The move will see Westfield become an equity-method affiliate of the Tokyo-listed financial services company. The strategic investment marks a key step in Monex’s long-term growth plan to strengthen its asset management platform and expand its presence in the US equity market. Founded in 1989, Westfield specialises in US growth equity strategies and currently manages…
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According to the brokerage, the account offers users a tax-efficient way to save and invest towards purchasing a first home. The FHSA, a government-registered plan, allows Canadians to contribute up to CAD 8,000 annually with a lifetime limit of CAD 40,000. Contributions are tax-deductible, and both capital gains and interest income grow tax-free. “Buying a…
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The status enables it to store and deliver gold, silver, platinum, and palladium under COMEX and NYMEX contracts. Furthermore, the certification allows StoneX clients—including institutional traders, refiners, and bullion dealers—to make and take delivery of CME-eligible metals directly through the firm's facility, streamlining access to the exchange’s delivery network. The approval comes as physical metal…
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In a statement, the currency risk management firm said it had received non-binding indicative proposals from three potential bidders: IFX Payments, Lumon Acquisitions (a Pollen Street Capital vehicle), and Terry Clune with Harry Adams. However, the Board has “unequivocally rejected” the proposals from Lumon and Clune/Adams, while it is continuing talks with IFX Payments over…
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The suspension of trading in the company's shares on AIM took effect from 07.30 a.m. today. Argentex said its exposure to a rapidly devaluing US dollar, driven by recent tariff and spending cut announcements from President Trump, had triggered a wave of margin calls linked to its FX forward and options positions. Argentex noted that…
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As part of the deal, UBS will transfer its onshore wealth management business in India to 360 ONE, while 360 ONE clients booked in Singapore will be served by UBS. UBS will also acquire warrants for a 4.95% stake in 360 ONE, signalling its long-term commitment to the Indian ultra and high-net-worth segment. The collaboration…
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The move comes not long after it was announced that Hidden Road was acquired by Ripple for $1.25 billion. The licence enables Hidden Road to offer a wider range of regulatory-compliant services—including clearing, financing and execution—to institutional clients in the fixed income market. The firm’s platform already includes Fixed Income Repo and Global Funding services.…
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The increase was driven by $3.6 billion in net flows and $1.5 billion from other factors, partially offset by $1.1 billion in negative investment performance. The group’s long-only strategies saw the most notable growth, with discretionary long-only assets rising by $4.4 billion to $33.2 billion, led by strength in credit and convertibles. Man Group estimated…
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Under the terms of the agreement, IAMI will provide investment advisory services to BNPP AM Europe in relation to an investment fund. The firm explained that the deal forms part of an ongoing distribution arrangement between Impax and BNP Paribas Asset Management across several international markets. As part of the agreement, BNPP AM Europe will…
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