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AMKIRI Announces an Investment of $3 Million – KFYR-TV

Posted: October 21, 2021 at 1:47 am

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The beauty-tech company, that is seeking to revolutionise the fragrance segment, has raised the additional investment to increase D2C and licensing operations.

Published: Oct. 20, 2021 at 11:11 AM CDT|Updated: 13 hours ago

TEL AVIV, Israel, Oct. 20, 2021 /PRNewswire/ -- The beauty-tech company AMKIRI, has announced that that it has closed a $3 million financing led by Welltech Ventures for expansion and growth.

AMKIRI's vision is to push the boundaries of fashion and beauty care with its visual fragrance. Its product is a combination of a body ink infused with exhilarating fragrances that's applied as a temporary tattoo and a perfume all wrapped into one.

AMKIRI's technology is disrupting the segment by offering an entirely new, innovative and unique experience of "visual fragrance", with an endless range of temporary tattoo designs and sizes to always stay at the forefront of urban culture.

Amkiri's innovation is patent protected worldwide and its intellectual property bolstered by registered designs and trademarks.

AMKIRI brings endless creativity and multi-sensory self-expression to your daily ritual. Its technology brings a multi-dimensional experience into fragrance; it unleashes the fragrance breaking through the constraints of the traditional fragrance format and adding visual and physical elements to the experience. AMKIRI elevates and empowers the storytelling of fragrance and self-expression for both the individual and the brand.

Having launched in Israel, Poland and the US, AMKIRI intends on using the funds to further expand its scaling and sales in the US, Europe, and Asia through D2C and B2B channels, focussing D2C primarily on digital channels and social commerce using key social media influencers to build brand affintity and word of mouth awareness.

Amir Alroy and Galit Horovitz, Co-founders of Welltech Ventures: "We are delighted to add Amkiri, our debut in beauty-tech investment, to our portfolio. Amkiri's innovative first ever "visual fragrance" is a unique platform that combines scent and shape through an elegant and fun experience which could definitely improve the wellbeing of all of us. It's our pleasure to join the roster of investors that have been supporting the company."

Ido Pollak, CEO of Amkiri: "We are proud to have Welltech Ventures as a lead investor in the company. This is a real endorsement that beauty care is attracting huge interest in the broader Wellness sector. By working in partnership with our current investors: International Flavors & Fragrances Inc, Co-founder, Shoval Shavit and others I am confident that AMKIRI will reach new heights."

Contact details: Ido Pollak

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AMKIRI Announces an Investment of $3 Million - KFYR-TV

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October 21st, 2021 at 1:47 am

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Further Expansion of U.S. Regulation of Foreign Direct Investment – JD Supra

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The passage and implementation of the Foreign Investment Risk Review Modernization Act (FIRRMA) was the most significant change in U.S. regulation of foreign investment since the 1975 creation of the Committee on Foreign Investment in the U.S. (CFIUS) but changes to U.S. Foreign Direct Investment (FDI) laws and regulations continue.

If enacted, the proposed Foreign Adversary Risk Management Act(FARM Act) will expand the CFIUS definition of critical infrastructure to include agricultural production facilities and real estate. Similarly, recent changes by the U.S. Department of Commerce, Bureau of Industry and Security (BIS)now control certain genetic assemblers and synthesizer software, rendering thememerging technologies subject to CFIUS.

The FARM Act may become the latest expansion of CFIUS. TheFARM Act is a bipartisan bill cosponsored by Sen. TommyTuberville(R-Ala.), Sen. Ronny Jackson (R-Tex.) and Sen. Filemon Vela (D-Tex.). If passed, the FARM Act would designate the U.S. agricultural supply chain as critical infrastructure, extending CFIUS review to any merger, acquisition, transfer, joint venture, or other transaction that could result in foreign control of a U.S. business engaged in agriculture production and/or uses agricultural products. The bill also proposes to add the Secretary of Agriculture to CFIUS and requires CFIUS to report on foreign investments in U.S. agriculture to Congress.

However, the FARM Act would not be the first FDI protection of the U.S. agricultural supply chain. Rather, FIRRMA included provisions that established CFIUS jurisdiction upon the invocation of the Defense Production Act (DPA). More specifically, the FIRMMA list of critical infrastructure included the following language:

manufacture any industrial resource other than commercially available of-the-shelf items . or operate any industrial resource that is a facility, in each case,that has beenfunded, in whole or in part, by [] (a) Defense Production Act of 1950 Title III program..

Additionally, the FIRRMA definition of covered transactions includes the following language:

(d)Any other transaction, transfer, agreement, or arrangement, the structure of which is designed or intended to evade or circumvent the application of section 721.

Title III of the DPA allows the President to provide economic incentives to secure domestic industrial capabilities essential to meet national defense and homeland security requirements. The DPA was invoked by former President Trumps COVID-19-related Executive Orders regarding medical supplies and food production. As a result, even non-controlling foreign investments in U.S. medical or food producers that received DPA funding are subject to CFIUS review and continue to be for a period of 60 months following the receipt of any DPA funding.

On October 5, 2021, BIS amendedthe Export Administration Regulations (EAR) to require licenses for the export of certain genomics software and tools that can be used for designing or manufacturing biological weapons. In doing so, BIS amended the Commerce Control List to add two new U.S. Export Control Classification Numbers (ECCNs) that target software utilized for certain nucleic acid assemblers and synthesizers capable of designing and building functional genetic elements from digital sequence data,as well as tools used to develop the software and assemblers.

More specifically, an export license for certain countries will be required for software determined to be within ECCN 2D352 based on chemical and biological weapons (CB) and anti-terrorism (AT) risks. Similarly, ECCN 2E001 will require an export license for certain countries for technology used for the development of software controlled by 2D352. In short, technology classified under ECCN 2E001 is controlled for the same CB and AT risks as ECCN 2D352 -- requiring an export license for designated countries.

Based on the foregoing, genomics software and development tools determined to be within ECCN 2D352 and 2E001 will also be considered critical technology under CFIUS. As a result, U.S. businesses that design, develop, or produce certain genomics software and development tools will be subject to CFIUS if they accept FDI.

The recent export re-classification of genomics software and development tools and the proposed FARM Act reinforce the need to be mindful of U.S. FDI requirements for transactions involving changes in foreign ownership, control or influence, and the need for early diligence as part of any transaction involving international investment.

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Further Expansion of U.S. Regulation of Foreign Direct Investment - JD Supra

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October 21st, 2021 at 1:47 am

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NATO plans AI strategy, $1B investment fund as it seeks to stay ahead in tech realm – Stars and Stripes

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NATO Secretary-General Jens Stoltenberg, seen here in an undated file photo, announced Oct. 20, 2021, in Brussels that the organization will unveil its first strategy for the use of artificial intelligence. (NIDS/NATO Multimedia Library)

NATO will adopt its first strategy on artificial intelligence and launch an innovation fund this week with the aim of investing $1 billion to futureproof the 30-nation security pact, Secretary-General Jens Stoltenberg said Wednesday.

We see authoritarian regimes racing to develop new technologies, from artificial intelligence to autonomous systems, Stoltenberg said at a news conference at the alliances Brussels headquarters.

U.S. Defense Secretary Lloyd Austin will join his NATO member counterparts Thursday in Brussels to formally approve the plans during two days of talks.

Stoltenberg said he expects the new NATO fund to invest in emerging and disruptive technologies. New headquarters and test centers will be set up in both Europe and North America to support the effort, he said.

We must keep our technological edge, Stoltenberg said. Future conflicts will be fought not just with bullets and bombs but also with bytes and big data.

The alliances artificial intelligence strategy will integrate areas such as data analysis, imagery and cyberdefense, he said.

During the past couple of years, NATO has expanded beyond its traditional focus of land, sea and air operations to adapt to a more complicated security environment.

Last year, it established a new center at Ramstein Air Bases Allied Air Command to coordinate efforts in space, which was declared a new domain of military operation for the alliance. And in 2017, allies also added cyber as a military domain.

In Brussels, ministers also will discuss military efforts to deter potential Russian aggression as well as the overall state of relations with Moscow, which Stoltenberg said are at their lowest point since the Cold War.

Earlier this week, Russia announced it was closing its diplomatic mission to NATO in retaliation for the expulsion of eight members of that entourage who NATO accused of being intelligence operatives.

Still, Stoltenberg said, NATO remains open to the possibilityof dialogue with Moscow.

Calling Russia NATOs biggest neighbor, Stoltenberg said there is no way you cannot talk to them.

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October 21st, 2021 at 1:47 am

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Release of the 2021 Responsible Investment Brand Index – WAFB

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Asset managers struggle to incorporate ESG in their brands and must emphasise their role in the construction of a safer and fairer future.

Published: Oct. 20, 2021 at 12:00 AM CDT

GENEVA, Oct. 20, 2021 /PRNewswire/ -- At first glance, the 2021 RIBI results indicate a 'one step forward, two steps backward' dynamic for the asset management industry. While great strives are being made to incorporate ESG measures consciously, only one asset manager out of six makes into the coveted Avant-Gardists category.

On a regional basis, Europe is leading the way. A full quarter of European asset managers link their Reason-for-being (Purpose) to generating monetary returns for investors as well as thinking consciously about advancing society as whole (up nearly 6% vs. 2020).

Global Top-10 Companies 2021:

1. Federated Hermes International

2. AXA Investment Managers

3. Schroders

4. Candriam

5. NN Investment Partners


7. Mirova

8. Etica SGR

9. BNP Paribas Asset Management

10. Sycomore Asset Management

This is in stark contrast to the North America region, where an equal number of companies (nearly half) state a Purpose, but less than two in 10 asset managers are making the link to connecting their ambitions to societal goals. As the largest region in terms of both the number of players as well as total assets under management, this offers cause for concern.

Join our short global launch webinar today at 15:00 CET:

The full 2021 Responsible Investment Brand Index (incl. regional level and country-level Top-10), methodology and further information is available at

About the Index

RIBI identifies which asset management companies act as responsible investors and commit to sustainable development to the extent that they put it at the very heart of who they are, i.e., in their brand. It aggregates the analysis of all 539 asset managers listed in the Investment & Pensions Europe Journal Top 500 as of December 31, 2020.

Media contact: Lucas Moergelin, +41 44 254 80 00,

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SOURCE Hirschel & Kramer Responsible Investment Brand Index - RIBI

The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.

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Release of the 2021 Responsible Investment Brand Index - WAFB

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October 21st, 2021 at 1:47 am

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Britain strikes green investment partnership with Bill Gates – Reuters

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LONDON, Oct 19 (Reuters) - Bill Gates is working with the British government to invest and bring down the cost of new greener technologies to help countries hit net-zero emission targets by 2050.

Speaking at a Global Investment Summit alongside Prime Minister Boris Johnson, Gates said investment was needed to further develop new technologies that were currently too expensive for the consumer market.

Gates said he would work with the UK to identify which projects should be backed, and that he expected at least one of the projects to be ready to scale up in the next five years.

"We will scale those up and bring down that cost, so we'll get these to the same place we are today with solar and onshore wind, and so they can be scaled up to reduce emissions," he said.

Bill Gates arrives at the Elysee Palace in Paris, France, April 16, 2018. REUTERS/Charles Platiau/File Photo

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Johnson's government said the 400 million pound ($552 million) partnership would supercharge green tech investment across the country, including in areas such as green hydrogen, long-term energy storage, sustainable aviation fuels and direct air capture of carbon dioxide.

Gates, the co-founder of Microsoft, made the commitment through his Breakthrough Energy Catalyst which brings together a coalition of private investors who want to back innovation to tackle climate change.

Britain has already pledged at least 200 million pounds to the development of new UK projects, and investors and businesses in the Gates project will match that sum.

($1 = 0.7251 pounds)

Reporting by William James; writing by Kate Holton; editing by Alistair Smout

Our Standards: The Thomson Reuters Trust Principles.

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Britain strikes green investment partnership with Bill Gates - Reuters

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October 21st, 2021 at 1:47 am

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Jim Cramer blasts ‘bearish billionaires,’ says it’s time to stop taking their investment advice – CNBC

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CNBC's Jim Cramer on Wednesday blasted "bearish billionaires," saying everyday investors ought to stop listening to their stock market calls.

"It's time the end this ridiculous charade of bearish billionaires who've been negative for ages being allowed to come on air and say everything they want about how bad things are, even as you've made so much more money being positive than they have in the last few years," the "Mad Money" host said.

"You can't take investment advice from oligarchs no matter how smart they sound, because they have a very different set of priorities and a very different agenda from you, and we need to stop pretending otherwise."

Compared to everyday investors like the viewers of his show, Cramer said super wealthy people can afford to have "total contempt" for the stock market and take minimal risk.

"You only need to get rich once," Cramer said, adding that once the "mega rich" reach that pinnacle, the one true threat to them is inflation because it erodes the value of their dollars. By contrast, many hourly workers in the U.S. are seeing their wages go up right now, he said.

"I think many of the wealthy, wittingly or unwittingly, are pulling up the ladder behind them by scaring you away from the stock market with horror stories about the dangers of inflation lurking everywhere," Cramer said.

Cramer said it goes beyond dire inflation warnings of late.

"They're also scaring you away from some of the best stocks in the market that really don't have anything to do with inflation at all," he said, highlighting Tesla, Amazon and Netflix as examples.

"Rich and powerful people spent years coming on air and talking trash about all three," Cramer said, but he contended they've become some of the most successful companies of all time.

Aside from a few exceptions, Cramer urged retail investors to stop taking their cue from "super-rich money managers."

"Do you think it's a coincidence that so many hedge fund guys made giant bets against [Tesla, Amazon and Netflix] and lost? I don't think so," Cramer said.

"The people behind those companies wanted to create wealth for their shareholder; they were willing to take huge risks for you in order to help you get rich long with themselves. If you held their stocks for long , that's exactly what you did," he said. "That's huge for the vast majority of people, but if you've already got a billion dollars, it's meaningless, which is why they have no appreciation for these companies or their evangelical leaders."

Disclosure: Cramer's charitable trust owns shares of Amazon.

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Jim Cramer blasts 'bearish billionaires,' says it's time to stop taking their investment advice - CNBC

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October 21st, 2021 at 1:47 am

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Murphy aims for more than $100M investment in urban parks, playgrounds through Green Acres Program –

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Gov. Phil Murphy proposed investment of more than $100 million in urban parks, playgrounds, open spaces and other local park improvement projects through the Green Acres Program.

The proposal, which is pending final approval by the Garden State Preservation Trust, would establish new parks and expand existing ones, develop athletic fields and playgrounds, improve access to waterways, create open spaces, build flood resilience and enhance stewardship by restoring lands for nature and public enjoyment.

State officials say New Jersey already has more than 20% of its land dedicated to parks and wildlife more than any other state in the continental U.S.

With these investments, we will take another significant step toward ensuring all New Jersey communities have access to recreational opportunities and enjoy the benefits of natural resource conservation, Murphy said. The proposed projects will provide equitable and meaningful access to urban parks, help address the impacts of climate change, and advance our long-term resilience goals. Investing in our communities through these projects will improve the quality of life for families living across New Jersey now and in the future.

For this round of Green Acres funding, applicants were encouraged to develop projects that anticipate and address climate change impacts, advance long-term resilience goals, provide equitable and meaningful public access, and maximize social, environmental and health benefits to the public, particularly within overburdened communities.

The Garden State Preservation Trust will consider the following recommended allocations:

The Garden State Preservation Trust will forward its final recommendations to the Legislature for funding approval. Other funding allocations include:

Some of the major Urban Parks Grants include:

Everyone in New Jersey deserves quality parks and recreation facilities that give children places to play, help connect us to nature, improve our physical and mental health, and enhance quality of life, especially in our most vulnerable and overburdened communities, said Martha Sullivan Sapp, director of the New Jersey Department of Environmental Protections Green Acres Program. These proposed grants and loans enhance the Murphy administrations historic commitment to environmental justice on all levels, helping to improve public health and drive economic development statewide.

Some of the major local projects approved for matching Green Acres grants and loans were in the following counties: Bergen, Burlington, Cumberland, Essex, Gloucester, Hudson, Mercer, Middlesex, Ocean, Passaic and Union. See below:

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October 21st, 2021 at 1:47 am

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Carlyle and Leading Healthcare-Focused Venture Funds Announce Strategic Growth Investment of up to $430 Million in Saama – Business Wire

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CAMPBELL, Calif.--(BUSINESS WIRE)--Saama Technologies, Inc. (Saama) today announced funds led by global investment firm Carlyle (NASDAQ: CG) have made a strategic growth investment and will acquire a majority stake in the Company. A broad co-investor group with several healthcare-focused venture funds, including Amgen Ventures, Intermountain Ventures, Merck Global Health Innovation Fund (Merck GHI), McKesson Ventures, Northpond Ventures, Pfizer Ventures, and Population Health Partners, will be investing alongside Carlyle.

The partnership will allow Saama to accelerate its strategic initiatives, including expanding its go-to-market capabilities and further investing in AI research and development.

Saamas intelligent Life Science Analytics Cloud (LSAC) is used by over 50 pharma and biotech companies on more than 1,500 studies. As an end-to-end platform, LSAC provides a unified approach to clinical trial data management and analytics. LSACs pre-trained AI embedded smart applications have the ability to learn the complex patterns among clinical data and provide predictive insights to accelerate the clinical research process across a variety of domains and therapeutic areas.

The life sciences industry is experiencing a massive shift in strategic approaches to accelerating drug development as a result of the COVID-19 pandemic, and AI-driven analytics solutions like Saamas LSAC are at the forefront. These solutions role in successfully enabling the delivery of COVID-19 vaccines and therapies to patients in mere months was the litmus test for the future of drug development, said Suresh Katta, Founder and CEO, Saama Technologies. This investment by Carlyle and leading healthcare-focused venture funds reflects the value they see in Saamas leadership of this new era and the promise offered by our state-of-the-art solutions.

The life sciences industry is at an exciting crossroads, poised to adopt and integrate sophisticated data management and analytics solutions that we believe will accelerate clinical timelines in previously unimaginable ways, said Joe Bress, a Managing Director specializing in Healthcare at Carlyle. Were excited to partner with Saama as they work to redefine the drug development paradigm.

AI-driven analytics solutions are transforming the way that data is managed and therefore the way that work is done. We believe Saama can play a key role in that transformation for the life sciences industry, said Ashley Evans, a Managing Director specializing in Technology at Carlyle. As the convergence of healthcare and technology reaches an inflection point, we are excited to help Saama capture the compelling market opportunity ahead.

Merck GHI sees tremendous opportunity in Saamas mission of accelerating clinical trials, said David M. Rubin, Ph.D., Managing Director at Merck GHI. It is very exciting to be part of a world-class investment syndicate with such deep healthcare domain expertise and interest in supporting the build of scaled resources that have the potential to change the way clinical research and development is conducted.

The investment in Saama is a continuation of Carlyles long-term global commitment to both healthcare and technology, in which it has invested $17 billion and $25 billion of equity since inception, respectively including $2 billion in healthcare technology and tech-enabled growth companies.

Sullivan & Cromwell LLP acted as legal advisor to Saama Technologies. Debevoise & Plimpton LLP acted as legal advisor and Guggenheim Securities LLC as financial advisor to Carlyle. Fenwick & West LLP acted as legal advisor to the syndicate.

About Saama Technologies, Inc.

Saama is the #1 AI-driven Intelligent Clinical Cloud company, enabling the life sciences industry to conduct faster and safer clinical development and regulatory programs. Today, over 50 biotech companies use Saamas award-winning Life Science Analytics Cloud (LSAC) platform on more than 1,500 studies, including many of the top 20 pharmaceutical companies. LSACs rich applications facilitate an unprecedented, authoritative oversight of comprehensive clinical research data, enabling companies to file New Drug Applications (NDAs) more efficiently and bring drugs to market faster. Discover more at and follow Saama @SaamaTechInc.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $276 billion of assets under management as of June 30, 2021, Carlyles purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs nearly 1,800 people in 27 offices across five continents. Further information is available at Follow Carlyle on Twitter @OneCarlyle.

About Merck Global Health Innovation Fund

Merck Global Health Innovation Fund (Merck GHI) is evolving corporate healthcare venture capital globally by utilizing their healthcare ecosystem strategy. This investment strategy connects innovative companies with complementary technologies to develop integrated healthcare solutions. Merck GHI has $500M under management and provides growth capital to emerging healthcare technology companies worldwide while leveraging the vast R&D-based, global resources of Merck. With a vision that data will be the currency in healthcare, Merck GHI invests broadly in digital health. Merck GHI invests in platform companies with proven technologies or business models where Mercks expertise and perspectives can accelerate revenue growth and enhance value creation. Since late 2010, Merck GHI has made over 50 investments in Digital Health companies.

Carlyle and Leading Healthcare-Focused Venture Funds Announce Strategic Growth Investment of up to $430 Million in Saama - Business Wire

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October 21st, 2021 at 1:47 am

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Investments & Wealth Institute’s New Alliance Expands Member Benefits to Include Fiduciary Expertise. – Yahoo Finance

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Investments and Wealth Institute members gain special access to premier fiduciary education and technology through Broadridge.

Investments and Wealth Institute members gain special access to premier fiduciary education and technology through Broadridge.

Denver, CO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Investments & Wealth Institute, the leading financial organization individuals and firms turn to for advanced professional development, today announced an alliance with Broadridge Financial Solutions to broaden its membership offering with premier fiduciary education and technology tools.

Institute members have a unique opportunity to leverage Broadridges Fi360 Accredited Investment Fiduciary (AIF) Training program to prepare for the esteemed AIF Designation and the Fi360 Fiduciary Focus ToolkitTM .

The Fi360 Accredited Investment Fiduciary (AIF) Designation is a professional certification that demonstrates a fundamental understanding of the principles of fiduciary duty, the standards of conduct for acting as a fiduciary, and a process for carrying out fiduciary responsibility.

The Fi360 Fiduciary Focus Toolkit is a web-based software solution that provides the analytical, management, and reporting features investment professionals need to administer and document a prudent investment process.

Institute members leveraging the training program and software as part of this alliance will also benefit from access to a proven step-by-step process and investment procedure developed by Broadridge known as the Prudent Practices. The detailed processes and criteria included in the Prudent Practices guides investment professionals to properly meet their legal obligations with their wealth, retirement, foundation, and endowment clients.

"The Institute is committed to bringing our members access to the best, Ivy League-quality education, training and development tools, and state-of-the-art resources from our extended network of professionals, industry thought-leaders, partners and more," remarked Tim Whiting, Chief Revenue Officer, Investments & Wealth Institute. Adding, "our alliance with Broadridge is a natural fit, with our focus on excellence and ethics and their focus on prudent fiduciary practices.

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These disciplines go hand-in-hand, providing advisors the tools they need to provide meaningful advice to their clients."

Like us, the Investments & Wealth Institute values relevant and impactful fiduciary education and technology thats important in todays evolving financial management landscape, said John Faustino, Head of Broadridges fiduciary certification and training solutions. Our alliance carries this joint mission forward by providing firms and their advisors even more opportunity to not only compete but excel in the face of increased regulation and higher client expectations.

"The AIF education is an excellent complement for holders of the Institute's own acclaimed certificationsCertified Investment Management Analyst (CIMA), Certified Private Wealth Advisor (CPWA), and Retirement Management Advisor (RMA), and fits into the highly practical standard of our professional development education," said Mike Kurz, Director of Educational Programs, Investments & Wealth Institute. "The AIF curriculum aims to help advisors reduce business risks through documentation of fiduciary practices. It helps to increase business efficiencies, effectiveness, and earning potential by adopting a consistent, reputable process, and assist Designees in earning credibility as a fiduciary specialist," he continued.

For more information, contact Cindy Chaifetz, Chief Marketing Officer, Investments & Wealth Institute, at or 303-850-3079.

About Investments & Wealth Institute

Founded in 1985, the Investments & Wealth Institute is the premier professional association, education provider, and standards body for financial advisors. Through its award-winning events, publications, courses, and acclaimed certificationsCertified Investment Management Analyst (CIMA), Certified Private Wealth Advisor (CPWA), and Retirement Management Advisor (RMA)the Institute delivers Ivy league-quality, highly-practical education to more than 30,000 practitioners annually in over 40 countries. Members of the Institute include the industry's most successful investment consultants, advanced financial planners, and private wealth managers who embrace excellence and ethics in applying a broad set of knowledge and skills in their daily work with clients.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridges infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work, Broadridge is part of the S&P 500 Index, employing over 13,000 associates in 21 countries. For more information about us please visit


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Investments & Wealth Institute's New Alliance Expands Member Benefits to Include Fiduciary Expertise. - Yahoo Finance

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October 21st, 2021 at 1:47 am

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Alternative investment association taking over AmherstWorks space – GazetteNET

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AMHERST An international organization dedicated to advocating for the highest ethical standards in the alternative investment industry, founded in Amherst in 2002, will be moving its headquarters to a historic downtown building later this year following the closure of the AmherstWorks co-working space.

The CAIA Association short for Chartered Alternative Investment Analyst Association will take over the 4,000 square feet of space in a 1920s-era bank at 11 Amity St., where AmherstWorks has been located for the past five years.

Were excited to be calling the First National Bank home, said Ruth Carolan, CAIAs chief operating officer. This will be a chance to be more connected to the local community.

Carolan said CAIA will be leaving its current home at 100 University Drive, where it has been located since 2009, beginning Dec. 1, with the move to be completed by Jan. 1. This will be its third Amherst location, after previously outgrowing 29 South Pleasant St., also in the town center. CAIA came into being with assistance from the Isenberg School of Management at the University of Massachusetts.

The collaborative, open design inside the downtown site will be the perfect space for CAIAs hybrid work models, Carolan said. CAIA has 50 employees around the world, with other locations in Geneva, Mumbai and Hong Kong, but about half the workforce is based in western Massachusetts.

CAIA, whose mission is to improve investment and societal outcomes of capital allocation through professional education, transparency and thought leadership across all investor alternatives in our industry, has 30 local chapters that host more than 200 events annually.

Meanwhile, an email was sent to AmherstWorks members and others this week alerting them to the pending closure on Nov. 30.

AmherstWorks is proud of the impact that our community has had on the Amherst community. Through networking, team building, and community events, it has been our pleasure to meet and learn from you all, to watch everyone help each other prosper and grow over these five amazing years, the email reads.

AmherstWorks formed as a partnership between building owner Barry Roberts and Archipelago Investments LLC principals Kyle Wilson and David Williams, who have developed several mixed-use projects in Amherst, including One East Pleasant, Kendrick Place and Boltwood Place.

Roberts said Tuesday that he didnt have details about AmherstWorks membership numbers, but that it was his decision to seek out a new tenant.

I chose not to renew AmherstWorks, Roberts said. The space is re-leased again, to CAIA.

Amherst Business Improvement District Executive Director Gabrielle Gould wrote in an email that while its sad to see AmherstWorks close, she understands the pandemic has changed the business landscape. But the new tenant, Gould said, will be a component in the downtowns success.

If all goes well Amherst will see nary an empty window and will be returning post-COVID stronger than ever with new culinary and retail experiences, Gould wrote.

AmherstWorks message also notes its members accomplishments: Were pleased to have elongated and make sure this building will still be a part of the wonderful downtown facade. We want to wish the new tenants the best of luck and to enjoy this wonderful building.

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Alternative investment association taking over AmherstWorks space - GazetteNET

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