Who's behind the wealth-management talent war - Bankers' DoorDash haul - Blackstone eyes selling portfolio company data

Happy hump day!

Really interesting story out of Bloomberg regarding Blackstone's plans to sell data from companies in its portfolio.

The story touches on two major themes on Wall Street. The first is alternative data, or the use of obscure, non-traditional data sets in order to gain an edge investing. We're written quite a bit on the topic, and how crowded the market is for selling such data, but it's interesting to see Blackstone contemplate dipping its toe in the water.

Blackstone's data plans also highlight the push from investors to generate revenues streams outside of investing. The best example of this in the industry is BlackRock's Aladdin, the widely-used risk and portfolio management tool.

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Meet the key people recruiting and poaching financial advisors across the industry.

Rebecca Ungarino with a great look at the recruiters and executives who are tasked with luring in talent, and the deep-pocketed clients that come with them, to firms like Wells Fargo, JPMorgan, and UBS.

The whole process took an interesting twist in 2020, as the world went virtually, making these roles even more important.

Click here to read the entire story.

Here's how much banks handling DoorDash's $3.4 billion IPO received in fees

Plenty of talk about IPOs, and their crazy pops, over the last few weeks. Reed Alexander calculated how much the underwriters for DoorDash took home in fees when handling the $3.4 billion IPO. Get the full breakdown here.

Crypto startup Bakkt is aiming to help consumers tap into miles and points they've earned.

Struggling to get a handle on all your rewards and loyalty programs? Bakkt has got you covered. Carter Johnson has the rundown on how the startup wants to help consumers manage all their digital assets. Read more here.

Odd lots:

Here are the top 16 investment firms making deals in the booming cannabis industry, and where they're looking to place their next bets in 2021 (BI)

2021 COMP: Morgan Stanley Adds Team Bonus Hurdle, Lifts Private Wealth Minimum (AdvisorHub)

Facing year-end cut off, U.S. banks scramble to extend COVID accounting relief (Reuters)

J.P. Morgan Poaches $1.2 Billion Alex. Brown Advisor Team (Barron's)

An Audience with Jim Esposito: From the wrestling mat to Goldman Sachs' fixer (FinancialNews)