A Global Asset Management Seoul Korea Magazine
Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, today announced it has signed an agreement with Folio Investments Inc. to acquire its self-directed retail brokerage segment. The deal follows Goldman Sachs’ (NYSE: GS) purchase of Folio Financial on September 18, 2020. Goldman will retain the clearing and custody services Folio Investments created for investment advisors. Terms of the Interactive Brokers’ account purchase, which is expected to close in January 2021, were not disclosed. Interactive Brokers looks forward to welcoming the approximately 70,000 current Folio Investments’ self-directed customers to Interactive Brokers. As of November 30, 2020, Interactive Brokers had 1.037 million client accounts, 52% higher than the prior year. Client equity climbed to $268.7 billion, a 61% increase from the prior year. The acquisition is expected to add approximately $3 billion in client equity. It will also provide Folio Investments’ clients with many new benefits. "Interactive Brokers has long been recognized for its advanced technology, superior pricing, and breadth of product,” said Interactive Brokers CEO Milan Galik. "With the transition to our firm, Folio Investments’ former clients now will be able to invest in stocks, options, futures, currencies, bonds and funds worldwide from a single, integrated account.”
Austin, Texas, Mayor Steve Adler has issued an apology after filming his "stay at home" message while relaxing on a tropical vacation in Mexico. In early November, Adler shared a tone-deaf video message to his Facebook page, urging citizens of Austin to remain vigilant in the face of coronavirus. "We need to stay home if you can," he said in now-viral remarks filmed in Cabo San Lucas, Mexico. "We need to keep the numbers down. Now is not the time to relax." What are the details? During a Wednesday livestream, the Austin mayor — who is now home — issued an apology for encouraging city residents to stay at home during the COVID-19 pandemic. "The first week of November, my daughter got married here in Austin, and like many other brides, she had to cancel her original plans in order to follow the rules, and instead, she had a small, mostly family, very private wedding," Adler explained. "Afterwards, a small, mostly family group traveled to Mexico. I want you to know that I regret that travel. I wouldn't travel now, I didn't over Thanksgiving, and I won't over Christmas, and no one should. Everyone should
MILAN (REUTERS) - Italian carrier Alitalia will offer Covid-tested flights between Rome and New York starting from Dec 8, the airline and the company running Rome's Fiumicino airport said in a joint statement on Friday (Dec 4). The announcement follows a health ministry order issued late last month and in force until Feb 15 under which passengers flying between Rome and some US destinations either produce a valid negative Covid test - conducted within the last 48 hours - when arriving at the airport or are tested before boarding. On arrival in Italy, passengers undergo another coronavirus test which, if negative, exempts them from the 14-day quarantine Italy imposes on incoming travellers. The quarantine exemption only applies to Italy, while restrictions on entry into the United States provided for by the US government remain in place. In September, in an effort to resume domestic travel after the first wave of the epidemic, Alitalia experimented with Covid testing on some flights between Rome's Fiumicino and Milan's city airport Linate, Italy's biggest hubs. However, the government progressively restricted movement between regions to tackle a second wave of infections. Fiumicino saw its passenger
Manish Joneja, CEO of BARK BARK Consumers are adopting more pets and spending more money...