It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Friday ended with the main indices in Asia, Europe, and New York pointing down in unison, the Nasdaq even entering correction.
The massive private-equity investments are causing concerns about its impact on the wealth management industry.
New filings with the Securities and Exchange Commission are requesting permission to launch ETFs that hold both public and private assets.
High-profile lawsuits and SEC investigations over cash sweeps have taken the industry by storm.