Asset & Wealth Management

Berlin – November 12, 2026 -- Some 52 percent of respondents say they know little or nothing about what happens on the stock market, according to a Bankenverband survey cited as the Economic Council of the CDU convened its financial market retreat in Berlin.

Only 39 percent of working-age people have seriously addressed retirement provision

The same Bankenverband study found that just 39 percent of people of working age have seriously engaged with their retirement planning. Wolfgang Steiger, secretary general of the Economic Council, says better financial education is essential to reduce reluctance toward capital markets, enable informed investment decisions and strengthen individual retirement provision.

HOUSTON – November 10, 2026 -- MSC Income Fund, Inc. (NYSE: MSIF) will pay $0.36 per share in dividends for the first quarter of 2027, after its Board of Directors declared regular monthly dividends totaling $0.33 and a $0.03 supplemental dividend.

Board sets $0.11 monthly dividends for January, February and March 2027

The regular cash dividends are $0.11 per share for each of the three months. The supplemental $0.03 per share dividend is payable in March 2027.

Supplemental dividend draws on taxable income left undistributed at September 30, 2026

The Fund will pay the $0.03 supplemental dividend out of undistributed taxable income, meaning taxable income in excess of dividends paid, as of September 30, 2026.

Wheeling, W.Va. – November 10, 2026 -- McKinley Carter Wealth Services (MCWS) ranked No. 98 on CNBC's 2026 Financial Advisor 100, making it the only West Virginia-based firm among 100 registered investment advisory firms selected from 41,578 nationwide.

CNBC cut 41,578 RIAs to 100 through a multi-stage screen

CNBC built the list, published Oct. 8, with data partner AccuPoint Solutions. The process began with every RIA in the SEC's regulatory database and narrowed the field to 1,015 firms that met CNBC's requirements and passed due diligence, including checks for regulatory disclosures. Finalists completed surveys, and AccuPoint ranked them on CNBC's weighted criteria.

Washington – November 10, 2026 -- More than 1,700 institutions holding approximately $40 trillion in assets have made fossil-fuel divestment commitments, a movement that helped earn Dr. Ellen Dorsey, Executive Director of Wallace Global Fund (WGF), a place on TIME's 2026 TIME100 Climate list of the 100 most influential climate leaders.

WGF's fossil-free endowment delivered top-decile returns

WGF moved its entire endowment out of fossil fuels and other harmful industries in 2010 and into a 100% mission-aligned portfolio. The portfolio posted top-decile investment returns in its last full decade. That record challenges the argument that institutions must choose between financial performance and climate commitments.

TORONTO – November 10, 2026 -- Royal Bank of Canada (TSX: RY; NYSE: RY) has agreed to acquire Yarra Capital Management Limited, an Australian active manager with about A$18 billion in assets under management, with completion expected in the first quarter of 2027.

RBC to take full ownership of Yarra, subject to regulatory approval

Under the agreement, RBC will acquire full ownership of Yarra, subject to closing conditions that include regulatory approval. RBC said the transaction is not expected to have a significant impact on its common equity Tier 1 (CET1) ratio or future run rate earnings. The announcement included no purchase price.

NEW YORK – November 10, 2026 -- Lazard Asset Management has entered the fixed income ETF market with three actively managed funds that began trading on NYSE Arca on launch day, lifting its US active ETF platform to 10 products.

The launches are the Lazard US High Yield ETF (HYB), the Lazard Hybrid Financial Income ETF (HYFY) and the Lazard Non-Dollar Active Income ETF (XDLR). The platform has passed $2 billion in assets under management since its April 2025 debut. Rob Forsyth, Global Head of ETFs at Lazard, said the three strategies offer access to "some of our highest-conviction ideas across bond markets."

Irvine – November 10, 2026 -- Trilogy Capital, Inc. has hired Stephen P. Whitman, a Morgan Stanley wealth advisor who managed approximately $225 million in client assets, as Senior Vice President of Wealth Management in its San Diego office.

Whitman brings more than 40 years of advisory experience to San Diego

Whitman has advised affluent families worldwide and focuses on comprehensive, multi-generational financial strategies tailored to each client's circumstances. Trilogy Chief Development Officer Jason Inglis said the firm sought an advisor with Whitman's four decades of experience and client-centric approach.

Whitman said the move gives his clients access to Trilogy's investment management, advanced wealth planning and tax preparation. In his words, the move is "a real positive" for himself and his clients.

Birmingham – November 06, 2026 -- 1919 Investment Counsel, a Stifel Financial Corp. subsidiary managing about $27.4 billion in assets, has appointed James Russell Sugg, Jr. as Principal, Senior Client Advisor in its Birmingham office.

Sugg brings 17 years of legal practice and trust advisory experience

Sugg is a licensed North Carolina attorney with expertise in trusts and investment management. After 17 years practicing law, he moved into wealth management, serving as Senior Trust Advisor at Wachovia Trust and later at Sterne Agee.

Sugg will advise individuals, families, foundations and endowments from North Carolina

He will deliver investment counsel to individuals, families, foundations and endowments, building tailored solutions for each client's long-term wealth and investment objectives. Sugg is based in North Carolina and joins the Birmingham team.

HOUSTON – November 05, 2026 -- MSC Income Fund (NYSE: MSIF) reported third-quarter 2026 net investment income of $14.4 million, or $0.32 per share, with net asset value rising 0.3% quarter on quarter to $16.56 per share.

Income and returns: ANII slips to $0.34 per share as annualized ROE reaches 9.7%

Adjusted net investment income was $15.3 million, or $0.34 per share, versus $16.6 million, or $0.35 per share, a year earlier. Adjusted net investment income before taxes was $16.3 million, or $0.36 per share. Total investment income was $35.5 million, up $0.2 million year on year.

Net increase in net assets from operations was $18.1 million, or $0.40 per share. That is $8.4 million below the third quarter of 2025. Return on equity was 9.7% annualized for the quarter and 12.3% for the twelve months ended September 30, 2026.

[SOURCE_CITY] – October 31, 2026 -- BlackBird Financial LP returned 62.2% in 2025, more than triple the S&P 500's 17.9% gain, without holding a single AI-related stock, according to the fund.

Fund avoids AI consensus under CIO Judah Spinner

Founder and Chief Investment Officer Judah Spinner kept the fund out of artificial intelligence names even as investors broadly concluded early in 2025 that AI companies deserved premium valuations. He did not dispute AI's transformative potential. His objection was to the assumption that transformative technology automatically delivers superior investor returns.

Spinner has cited railroads, automobiles and aviation in his annual client letters as technologies that changed civilization while disappointing the investors who funded them. His view is that valuations detach from reality when expectations outrun fundamentals, and the resulting corrections can be severe.