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Regional banks should treat wealth management as a central driver of shareholder value rather than a supplemental cross-selling business, according to a new report from Wealth Access and Alvarez & Marsal. The study examined 106 publicly traded, traditional U.S. regional banks with less than $200 billion in deposits. It found that banks generating more than

Harrison Street Private Wealth, LODAS Markets and Nasdaq Fund Secondaries have opened a second auction designed to give interval-fund investors an additional route to liquidity between scheduled fund repurchase windows. The new auction, which opened Oct. 2 and is scheduled to close Oct. 23, covers shares of the approximately $2 billion Harrison Street Real Assets

Bruce Markets plans to extend U.S. equity trading through weekends, a move that would give investors access to selected stocks and exchange-traded funds 24 hours a day, seven days a week if regulators approve the initiative. The Chicago-based operator of Bruce ATS said it has secured strategic investments led by majority owner PEAK6 Investments and

Wafra has acquired Liberty Development Partners and made a strategic investment in the developer’s Gulf Inland Logistics Park and CMC Railroad. The transaction provides capital to expand Gulf Inland, a roughly 3,900-acre industrial development in Dayton, Texas, and to support Liberty’s pursuit of additional rail-served industrial opportunities. Gulf Inland connects industrial customers to Union Pacific