Nucleus Financial

Franklin | February 18, 2020

Franklin Resources Inc. is in talks to buy rival asset manager Legg Mason Inc., according to people familiar with the matter, in a deal that could help two big players in an industry that is under pressure from shifting investor tastes. Assuming it comes together, a deal for Legg Mason could be announced as soon as Tuesday, the people said. While the exact price and other terms couldn't be learned, it would be sizable given Legg Mason's market value of more than $3.5 billion and assets u...

Investment Management

DriveWealth, Plaid | March 31, 2021

DriveWealth, a global brokerage infrastructure platform, announced a new collaboration with Plaid, a financial data network, to provide users of both platforms with convenient online investment account support. Customers of both companies can use Plaid to authenticate their end users' bank accounts and receive tokens that provide swift, safe bank funding source authentication through the DriveWealth API. This improves the Automated Clearing House's performance rate, increa...

Perpetual | July 27, 2020

Perpetual (PPT) has requested an immediate trading halt pending an upcoming capital raise. The investment group intends to raise up to $265 million through a placement and share purchase plan and will use the funds for the acquisition of Barrow Hanley. The company will remain in the halt until the earlier of July 28 or when the announcement is made....

Financial Management, Fintech

PRnewswire | March 30, 2023

Today, Pinwheel, the market-leading provider of income and employment data provider engineered for fintech innovation, joined the Visa Fintech Partner Connect program. Visa Fintech Partner Connect participants are Visa Ready certified by Visa and trusted by the global payments ecosystem to help technology companies build and launch payment solutions that meet Visa's global standards around security and functionality. Pinwheel helps leading financial institutions a...