On the same day the 24-year-old updates to Regulation S-P were announced, Interactive Brokers reported a customer data breach.

Moody’s changed its outlook on Focus to negative, citing the firm’s “hub” strategy. Meanwhile, the agencies assigned junk ratings to Edelman’s proposed $575 million term loan.

The firm anticipates expanding the technology to more funds on its platform later this year.

The digital-focused advisory recruits advisors from UBS, Farther and others, bringing its total assets to over $400 million.

The two firms announced an exclusive partnership focused on offering hybrid public-private investments across asset classes.

Financial advisors were split on the current state of the economy, while a majority held a positive view of the stock market in April, according to WealthManagement.com's Advisor Sentiment Index.

The United States has pushed back on a global minimum wealth tax on billionaires.

JPMorgan's asset-management unit, which handles money for wealthy people and institutions including endowments and pension funds, is seeking to grow its private credit offerings.