🤝 Close deals in half the time

Together with

Upcoming Events

Mastering Client Attraction in the Age of AI

July 31st | 3pm ET

How to Build a Multi Six-Figure Business through Social Media

August 14th | 3pm ET

Together with Heron

Discover Institutional-Grade Wealth Management with Heron Finance

You aren't alone if traditional investment options don’t give you high enough returns. All too often, investment firms keep you from high-yield opportunities. That's why savvy investors should consider diving into private credit with Heron Finance. 

Heron Finance shares opportunities previously reserved for institutions. Their platform gives advantages previously reserved to the ultra-wealthy to any accredited investor. Specifically, Heron Finance offers: 

  • Yields reaching 11-16% target APY* (net of fees), with interest distributed monthly

  • Monthly payments mean you get money in your hands in less than 30 days

  • Passive investing that takes the stress out of managing your portfolio

On top of these benefits, Heron Finance offers stability by carefully filtering deals and monitoring investments. Their commitment to transparency and risk management prioritizes low-volatility and consistent returns. Whether you're looking for short-term opportunities or long-term stability, Heron Finance has the solutions you need.

Risk disclosures: http://heronfinance.com/ * APY is not hypothetical but based on underlying APRs borrowers pay in existing loans. Create an account to view more details about those loans.

Business

Alphabet Inc. to Acquire Cloud-Server Startup Wiz for $23 Billion

Google's parent company, Alphabet Inc., is poised to acquire the cloud-server startup Wiz for nearly $23 billion, marking its largest acquisition to date. The news, initially reported by The Wall Street Journal and later confirmed by Reuters, highlights Wiz's capabilities in providing real-time threat detection and responses for cloud environments through artificial intelligence. Founded in Israel and now based in New York, Wiz was established by tech billionaire Assaf Rappaport and boasts a clientele that includes 40 percent of Fortune 100 companies. It also collaborates with major tech players like Amazon Web Services, Google Cloud, and Microsoft Azure. Although Wiz is not a defense-specific firm, it does have contracts with the Naval Information Warfare Center and is likely to contribute to the DoD's JWCC initiative. This acquisition is significant for Google, as it seeks to strengthen its position in the cloud computing market, where it currently ranks third behind Amazon and Microsoft. Despite the potential benefits, Alphabet faces scrutiny due to ongoing antitrust lawsuits filed by the Department of Justice, accusing the company of monopolistic practices in internet search and ad-tech businesses.

Morgan Stanley's Q2 Profits Surge Amid Wealth Management Slowdown

Morgan Stanley reported a significant increase in second-quarter profits, with net income rising to $3.1 billion from $2.2 billion a year earlier, surpassing analysts' expectations. This 40% profit surge was largely driven by a 50% increase in investment banking fees, reaching $1.6 billion. The investment banking sector has seen a rebound as dealmaking and IPO activities resumed after a two-year hiatus due to rising interest rates. However, Morgan Stanley's wealth management division, managing $5.7 trillion in assets, saw a slowdown, attracting only $36.4 billion in net new assets, falling short of the anticipated $57.5 billion and significantly down from last year's $90 billion. CFO Sharon Yeshaya attributed this to higher tax payments and lumpier large flows. Despite recent challenges, wealth management has been a key growth driver for Morgan Stanley, particularly after acquiring ETrade in 2020, though the higher interest rate environment has made it harder to attract client assets. Consequently, the bank's stock dropped more than 2% in pre-market trading.

What We’re Reading

RNDM Travel: Visiting America one town at a time.

Marketing Memos:  Marketing memos for founders who need real, actionable help from marketers who have done it before.

Suit and Times: Get smarter in 5 minutes.

Stay Ahead in AI: Stay ahead in AI with daily AI news and insights delivered to your inbox.

One of Zero: Grow your mind, body And wallet.

Tip of the Day

Leverage Technology

Stay updated with the latest technological trends and tools that can streamline your operations, improve productivity, and enhance customer experience. From project management software to AI-driven analytics, the right technology can give your business a competitive edge.

Reply

or to participate.