News in Numbers

The aggregate market capitalisation of the top 25 global banks increased by 27.1% YOY, reaching $4.6trn in the Q4 2024, compared to the same period in 2023.

BlackRock is reducing its employee headcount by approximately 1%, affecting around 200 employees. This decision comes after the firm’s investments, including more than $25bn in acquisitions last year. 

The AmeriFlex Group welcomed 53 new advisers in 2024, added $3.4bn in client assets, and now oversees $14.6bn in assets under administration across 206 advisers in 29 states.

Insignia Financial has secured an indicative non-binding buyout offer from CC Capital Partners, a family office led by ex-Blackstone dealmaker Chinh Chu. The offer, valued at A$2.9bn ($1.8bn), could lead to a takeover. 

The Financial Industry Regulatory Authority (FINRA) has ordered three firms to pay over $8.2m in restitution to customers for not providing mutual fund sales charge waivers and fee rebates. The firms are investment firm Edward Jones, wealth management services provider Osaic Wealth, and broker-dealer Cambridge Investment Research.