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As the wealth management industry continues to consolidate, HighTower, one of the nation's largest registered investment advisory firms, announced it hired Marc Cabezas as the new head of its Mergers and Acquisitions team. Cabezas, who will report directly to CEO Elliott Weissbluth, was formerly the vice president and head of corporate development at Edelman Financial Services. ... Robinhood Adds Two Cryptos For Trading Robinhood's crypto trading feature, available in 17 states, now includes Litecoin and Bitcoin Cash, the company announced. Investors in select states were already able to access trading features for cryptocurrencies Bitcoin and Ethereum. ... Report: Millennials Won't Buy, Boomers Age In Place Young Americans are buying fewer houses, while older Americans aren't moving out, according to a Harvard report. Homeownership rates among young adults are lower today than they were three decades ago, said researchers, who blame pressures created by elevated housing construction costs, weak income growth among low- and moderate-income households and expensive land prices. ... |