The year ahead could be challenging for the financial adviser business if markets turn out to be as weak as some expect. After all, firms’ earnings are usually tied to asset levels, and flat or declining assets translate into lower fees. But there are still opportunities for growth for experienced firms, including acquiring other competitors, … Read more
Veteran auctioneer and collections specialist Gemma Sudlow has moved from Christie’s, where she worked for 17 years, to lead Chicago-based Hindman’s entry into the New York market with a full-service Manhattan showroom. Sudlow, 41, who headed private collections and decorative arts at Christie’s and was one of the auction house’s senior auctioneers, will lead a … Read more
Veteran auctioneer and collections specialist Gemma Sudlow has moved from Christie’s, where she worked for 17 years, to lead Chicago-based Hindman’s entry into the New York market with a full-service Manhattan showroom. Sudlow, 41, who headed private collections and decorative arts at Christie’s and was one of the auction house’s senior auctioneers, will lead a … Read more
Serban Ionescu with his powder-coated steel work, including a sculpture, to be shown by R + Company at Salon Art + Design in New York Joe Cram Text size Visitors to Salon Art + Design at New York’s Park Avenue Armory later this month will see increasingly contemporary decor, furniture and fine art among vintage … Read more
of Gerhard Richter 192 colors, 1966, at London’s Sotheby’s gallery ahead of Friday’s contemporary art auction. The painting sold for £18.3 million, including fees. Getty Images for Sotheby’s Text size Auctioneers chased artworks at back-to-back auctions at Phillips and Sotheby’s in London on Friday amid currency volatility and economic uncertainty that did not appear to … Read more
Future co-founder Rishi Mandal. Courtesy of Rishi Mandal Text size As a former Stanford University soccer player, Rishi Mandal realized: all elite athletes, everywhere, “depend on coaches and trainers to manage their fitness and habits at all times.” What if Mandal could offer the same level of premium one-on-one training to ordinary people? Mandal and … Read more
The technology that underpins crypto could help strengthen traditional capital markets, according to the Bank of England. “The bigger impact on the financial system could come from the transfer of technologies developed in the crypto world to the ‘real’ world,” Deputy Governor Sir John Cunliffe told a Financial Markets Association in Europe conference on September … Read more
Entrepreneurs who build businesses in smaller cities and in low-income communities often lack the personal credit profile or assets to access the capital they need from banks and investment firms to grow their companies. Revenue-based financing — where investors provide capital in exchange for a percentage of revenue — has become a solution recommended by … Read more
IAC said its second-quarter financial results showed pressure on several key parts of the business. Leungphotography/Dreamstime Text size IAC shares were left out of a broader market rally on Wednesday after the internet and media holding company posted second-quarter financial results that showed pressure on several key parts of its business. In particular, IAC provided … Read more
Text size Investors will receive one preferred share for each common share they own. Gina Moon/Bloomberg AMC Entertainment finally giving the “monkeys” what they want. The movie theater company paired its second-quarter earnings report with news that it was giving shareholders a special dividend on AMC Preferred Equity Units. AMC’s preferred stock will trade on … Read more