As investor interest in ETFs that promote higher environmental, social, and governance standards fades, more issuers are shutting down these funds.
In a market where conflicting views abound, two major Wall Street trading desks agree on one thing: US stocks will rally on any soft inflation print Wednesday that could pave the way for the Federal Reserve to halt its tightening campaign.
With the Fed purposely trying to slow economic growth and a banking crisis in full swing, do the heightened risks argue for accepting the current bond yields and reducing equity exposure?
Forget the traditional sales process used by the advisory profession.
A group of firms including Goldman Sachs Group Inc, Microsoft Corp, Deloitte, and Cboe Global Markets Inc are joining a new blockchain system aimed at linking disparate institutional applications, potentially encouraging broader adoption of distributed ledger technology in financial markets.
Why might a firm eliminate the ability for a broker to manage assets? Here are two reasons.
Bill Gross, the former chief investment officer of Pacific Investment Management Co., recommended buying short-term Treasury bills, expecting the debt-ceiling issue eventually gets resolved.
A relationship-based business thrives on one’s ability to nurture, support, leverage and maintain the connections to the business and the people associated with it. Referrals require trust from all parties.
When March’s bank failures ignited a historic bond rally, few, if any, made more money than Josh Barrickman. His army of funds gained roughly $26 billion, the equivalent of more than $1 billion in paper profits every single trading session.
I’m tired of working for someone who is always angry. Nothing we do is good enough.
Any financial advisor can turn their content into a powerful SEO engine without engaging an expensive consultant.
Here’s what you can do to make your website compliant with the ADA and accessible to all.
Here’s why I started the Externship and why it matters.
For firms looking to hire tech talent this year, here are some critical components to consider.
Research has shown that investing in IPOs has been a bad deal – you lose money compared to a comparable index fund. But a new paper shows that certain VC-backed IPOs deliver alpha for investors.
The biggest risk to a planner/client relationship lasting through the client’s lifetime can be the adult children the client has appointed to hold their power of attorney.
Investments in a selection of private markets – also known as “alternatives” – reduced the volatility of portfolios in 2022.
The conventional wisdom is that the pandemic induced a trend of de-globalization, as major economies decreased the reliance of their supply chains on other countries. But, according to Louis-Vincent Gave, globalization will thrive, and the focus will shift from China to India and other southern hemisphere countries.
Investors are bailing on preferred shares at a historic clip because of the growing concern about the health of US regional banks.
Hedge funds supercharged bearish Treasury bets to historic levels just days before the US banking turmoil took a turn for the worse and spurred a stampede for the world’s safest assets.
Jeremy Grantham appeared on David Rosenberg’s "Webcast with Dave" to discuss how he is investing in this increasingly uncertain world and the areas of the market that are not correlated with the recession-bound economy. GMO invited our readers to watch.
If you act quickly, you can prevent your mistake from ruining your credit score and jeopardizing your financial future.
Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett made his name by being greedy when others were fearful and fearful when others were greedy, dispensing folksy wisdom along the way.
Investors have punished a handful of US regional banks amid fears the turmoil will ensnare more lenders. But depositors at some — at least for now — appear to be sitting tight.
The federal Pell grant provides financial assistance to low-income students. Since it’s a grant instead of a loan, it’s essentially free money that students can use to cover their college costs.
Apple Inc. rallied Friday after reporting a rebound in iPhone sales last quarter, helping the world’s most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup.
Some of the world’s biggest asset managers are buying up European corporate bonds — seeing the region as a safer bet as turmoil engulfs US regional banks.
Crowded equity trades and possible policy remediation for US regional banks may bring an end to a trade that’s roiled broader markets but proved lucrative for some short sellers.
The Fed and its loose monetary policy are to blame, according to Lacy Hunt, for high inflation, excessive risk taking, slow growth and other maladies afflicting our economy.
Crypto traders are avoiding billions of dollars in tax by taking advantage of wild price swings to “harvest” losses so they can be offset against other profits, according to a paper published by the National Bureau of Economic Research.
Within hours of the Federal Reserve’s latest policy decision, traders and commentators alike had started to challenge Chair Jerome Powell’s assessment of the economy.
Bank stocks have underperformed conservative sectors and the broader S&P 500. Despite the broad risks, there are good banks that can be investment worthy.
PacWest Bancorp has become the latest focal point of investor concern about the health of US regional banks, shedding nearly half its value in premarket trading, a day after Federal Reserve Chair Jerome Powell said authorities were closer to containing the turmoil that’s claimed four lenders this year.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon made a bold call on Monday: his firm’s rescue of First Republic Bank ended the initial phase of the turmoil engulfing banks.
The threat of recession is making debt securities a safer bet, while the stock market is yet to price in those risks.
A long-shot bid to launch double-leveraged, single-stock exchange-traded funds tracking the notoriously volatile Tesla Inc. has been filed with US regulators after past attempts have failed.
Readers of my AI articles have asked me for practical examples of how it can positively impact their practice.
Referrals and word-of-mouth marketing are distinct yet powerful strategies for advisors to build trust and acquire new clients.
Whether you are a potential borrower or just trying to understand the modern economy, student loans are essential to understand.
The odds of a “hard” recession are 99%, according to David Rosenberg, and it will start in the second quarter. Indeed, he said, it may have already started.
It is frustrating for us to try and add to our great team when there are so few “good” people in the market from which to choose.
As Wall Street economists and central bankers debate if and when the US economy will slip into a recession, big money managers aren’t waiting to find out.
US companies’ earnings are strong enough that money managers like T. Rowe Price Group Inc. and PGIM Inc. expect corporate bonds to outperform Treasuries over the next 12 months, even if the economy suffers.
Investors are starting to see the downside from the rapid acceptance of artificial intelligence.
What exactly does a trust company do to earn their fee that my family member or friend can’t do?
To de-commoditize your practice, jettison the traditional sales behaviors and routines that your peers use.
What would you do with a million-dollar windfall?
Those “meet the team” advisor pages on websites are a torture to read. Your team is your biggest asset and should be the source of the greatest enthusiasm in your practice.
Investors who base their beliefs about the distribution of possible stock returns on historical data from their home country underestimate the probability of experiencing a significant crash.
Big business has been a fixture of American life since the late 19th century, and today more Americans work for big companies than for small ones. That could be about to change — in part because of the rise of artificial intelligence.
