European Wealth Group is set to acquire US broker and financial services group Newbrdge creating a firm with $4bn assets under management (AUM) and 20,000 clients on its platform.
Subject to US Financial Industry Regulatory Authority (FINRA) approval, the acquisition is set to complete in late 2017 or early 2018 with European Wealth expected to rebrand as Kingswood after it completes....
The US dollar is close to peaking and the risks now seem to be on the downside.
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