As my team and I talk with our clients, we’ve reflected on how generative AI can help enhance client service, decision-making, and more.
As Woody Brock explains, the fact that structural changes do exist, and that historical data are often of limited relevance presents a major opportunity for investors seeking to outperform others.
Goldman Sachs Group Inc. reported trading revenue that beat analysts’ estimates while a second straight quarter of real estate write downs dragged profit lower.
I’ll explore how you can take the lead in adopting technology to boost both competitiveness and growth.
There’s no nice way to say this: AI is coming for your job.
If you're concerned about the downside of leaving real estate to heirs, there are several alternatives.
The choice to use an advisor in retirement is one that will cost clients and their beneficiaries millions of dollars in fees and opportunity costs as I show in this article.
New research shows that the tightening of bank lending standards – as is the case now – has led to stock-market underperformance. But with banks playing a smaller role in corporate finance, that finding has lost some relevance.
How worried should we be about AI and what should we do about it? There is risk on both sides: of not taking warnings about AI seriously enough, and of taking them too seriously.
While a goals-based approach divides a retiree’s liabilities (future spending goals/needs) and assets into separate pieces with separate mandates, it can be useful to see how they all stack together.
JPMorgan Chase & Co. Chief Executive Jamie Dimon calls it “over-earning,” but his isn’t the only bank that still hasn’t felt much pain from loan losses or rising deposit costs
A decade ago, the US was deep into a misguided elite-driven freakout about the federal budget deficit. Back then, inflation was low, interest rates were low, and unemployment was high.
Florida’s farmers have spent nearly two decades fending off plagues, freezes and storms that decimated their orange crops. A growing number of them have had enough.
The outlook for earnings is weakening and could remain subdued, according to strategists from Morgan Stanley to JPMorgan Chase & Co.
Investors are growing more confident that a year-long slump in profits for Corporate America is about to end. Yet a fragile economic outlook, wary consumers and the highest interest rates in 16 years mean any relief for stocks could be short-lived.
From this research, advisors can discern ethical, non-manipulative ways to create more persuasive messages.
US housing affordability worsened to a fresh record low in August as Americans continue to bend under the weight of soaring mortgage rates and sticky prices.
When US banks kick off the third-quarter earnings season Friday, it will mark the first in a long line of hurdles the group needs to clear in order to assuage investor fears.
Amazon.com Inc. crowed over this week’s Prime Day sales, boasting that the two-day discount promotion “outpaced” last year’s event. Such a flashy description suggests the unofficial kickoff to the holiday season has set up the broader retail industry for a bright few months.
Hydrogen projects involving Amazon.com Inc., Exxon Mobil Corp. and Air Products and Chemicals Inc. are among those receiving portions of $7 billion in US funding meant to make the country a leader in the controversial fuel.
US consumers’ year-ahead inflation expectations rose sharply in early October, driving a steep deterioration in Americans' views of their finances as well as sentiment.
The pandemic changed many things about the economy — how we work, where we work and who we work with, for starters — but one of the most striking trends has been a big uptick in entrepreneurship.
Mortgage rates in the US rose for the fifth week in a row, topping 7.5% for the first time in more than two decades.
Crypto may have grabbed headlines last year, but the talk on Wall Street these days is all about options.
Market pricing, verbal cues from Federal Reserve members and the likely evolution of the economic data over the next couple of months all point in the same direction — the central bank is likely done raising interest rates.
When it comes to international trade and investment, AI will create some obvious winners and losers. It’s the second-order effects that may prove more interesting.
Fiduciary September just concluded. To generate further awareness, my organization, the Institute for the Fiduciary Standard, produced eight panels with 22 speakers.
The few remaining signs that the US economy is headed for a recession are vanishing before our eyes.
Getting John Beatson to pick stocks for you used to require a cool $25 million or thereabouts. Thanks to the newest trend in money management, these days it’s more like $25.
Amazon.com Inc.’s next big thing might be lurking in the expensive supply chain apparatus that’s helped transform its e-commerce business into a juggernaut.
The odds of a unicorn spraying rainbows across the sky and the government running a surplus are the same: zero percent.
The financial planning landscape is undergoing a great transformation, driven by emerging trends that have accelerated in recent years.
Data science will no longer remain the preserve of large quantitative managers.
Any successful implementation of a new technology depends on effective communication.
“Very strict enforcement” is a euphemism used by the American Automobile Association to warn motorists of places where even minor traffic violations will likely be caught and punished with heavy fines.
Most voters aren’t going to get hot under the collar about battles in Washington, DC, over bank capital requirements, but they definitely relate to stories about home loans becoming more expensive or less available. That doesn’t mean debate is straightforward, especially once each side starts throwing numbers around.
Stock markets that have refused to buckle under the highest yields since 2007 face a new test. Third-quarter results will shine a light on how much those rates are already hitting profits — and what they’ll do to lofty equity valuations.
After investment losses tore through the US financial system this year, a fresh slump in bank stocks shows some investors fear the problem — which at its most extreme claimed a handful of lenders — hasn’t gone away.
Over the past two weeks, I’ve met with more than a dozen vendors. Here’s what I learned.
Three major housing-industry lobby groups called on Federal Reserve Chair Jerome Powell to refrain from raising interest rates any further and to pledge against selling mortgage bonds unless real estate financing stabilizes.
I have a client who is 79 years old. He is on his third marriage to a woman who is 40 years old.
When you are trying to build trust with a new prospect, one of the worst things you can do is sell your “value proposition” – an extinct notion that no longer applies in today’s highly competitive market.
In the next year, we will see the introduction of the fully functioning, digital-human financial advisor.
Economics is still a male-dominated profession. Among full professors, only 1 out of every 8 is a woman. Among assistant professors, women are a little less than 1 in 3, similar to their share of undergraduate economics majors.
What everyone wants to know now is how much further the selloff will go and how long it will last. I can venture a few educated guesses based on history.
By placing personalization at the forefront, advisors make the financial journey more than just a series of transactions – it becomes a curated experience tailored to each client.
But to serve more people who need your services and insights, often before the urgency is critical, you must close this profound gulf between what your clients know and your prospects think.
For two decades, Amy Wu Silverman has tracked fear and greed across Wall Street by keeping a close eye on the twists and turns in the Cboe Volatility Index.
Even as stocks rallied back during the monetary panic last week, big disruptions in the world of Treasuries threaten fresh pain for a host of hedging strategies on Wall Street.
Selling a business and managing sudden wealth calls for guidance from trusted advisors and a consistently mindful approach.
