Advisors training their future leadership team should be taking the long view — preparing to steadily nurture talent over the years so clients and other employees feel comfortable with your succession plans.
Put me down as an AI optimist. Artificial intelligence has the potential to transform the economy and make Americans richer, healthier and more productive. I’d bet money on it — in fact I have, through the shares I own in an index fund, which means I am long the US economy.
The next chapter of the aggregation success story won't be written by deal pace alone. Success will increasingly depend on the ability to attract, develop, and retain exceptional talent across diverse markets and service areas.
Venezuela’s bonds lingered for years in financial purgatory. Investors held them as a lottery-ticket-like bet on the improvement of a dysfunctional country. Most steered clear.
Anthropic PBC is finally having its own ChatGPT moment. A powerful new version of its Claude chatbot can now take actions on a computer, and the broad repercussions of that advance are impossible to predict.
Standard Nuclear Inc., a uranium startup, raised $140 million to boost production of fuel for advanced reactors in an effort to expand the US energy supply chain amid surging interest in fission power.
Blackstone Inc. is planning to hire more people across Asia to tap growing opportunities in private markets, said Ed Huang, the firm’s head of Asia Pacific private wealth.
Former Federal Open Market Committee Chairman Alan Greenspan famously observed that forecasting foreign exchange was like flipping a coin. Last year proved him right. What happened, and what lessons can it teach us about the dollar in 2026?
Last week in our latest Cyclical Outlook, “Compounding Opportunity,” we argued that beneath the economy’s broad resilience lies a stark divergence. U.S. policy pivots combined with the surge in adoption of AI technology have created winners and losers.
Concerns over accelerating inflation persisted throughout 2025. However, these anxieties were unwarranted as wage and price increases slowed in response to eight influential factors that also suggest that last year’s disinflation will persist in 2026.
The Fed meets on Wednesday to discuss the direction of monetary policy. With the futures market pricing the odds of “no change in rates” at 97.2%, no one should expect a rate cut at this meeting…or, we think, anytime soon.
Each year on January 28, Data Privacy Day underscores the global imperative to protect personal information in an increasingly digital environment. For high-net-worth (HNW) and ultra-high-net-worth (UHNW) families, this responsibility carries exponential weight.
This process is not about predicting the future or timing the market. Instead, it is about placing today’s prices into proper perspective using sound valuation principles. That discipline forms the foundation of learning how to analyze a stock before buying and is essential for long-term investment success.
Recently, stock market numbness closes the trading day. No wholesale crash, just a little wobbling for now with positive numbers for half of January. But I have a sense it’s in need of a cane to steady its momentum.
Markets, interestingly enough, felt their own version of a “deep freeze” this week. Geopolitical flare-ups, fresh tariff threats and a mini-meltdown in Japan’s bond market briefly rattled investors and pushed volatility sharply higher.
The key point is that nothing in the incoming data since December has undermined the Fed’s prior message. The economy remains strong, jobless claims are hovering near 200,000, and recession fears continue to recede.
Emerging market fixed income is often overlooked by investors. But, especially when tethered to an active approach, emerging market debt can offer investors enormous opportunities. Join the experts at Pictet Asset Management as they unpack all things emerging market fixed income.
Mathematics in the investment field is almost 100% phony. Virtually all that is really needed are the four arithmetic operations students learn by the third grade: addition, subtraction, multiplication, and division. The rest of the mathematics used in the investment field serves no purpose other than to impress people.
The circular investing phenomenon that is currently occurring among the Magnificent Seven companies is very similar to the Japanese Keiretsu concept. Under this business model, companies with interlocking business relationships and shareholders dominate a country’s economy.
Investors selling the dollar to buy emerging-market currencies are off to a lucrative start to 2026, with strategists at top banks expecting such strategies to build further on last year’s 18% rally.
This endless sequence of numbers that form ratios, known as the Fibonacci sequence, provides a technical analysis tool for managing financial securities. Before you assume we've lost our minds —relying on biology or, even worse, mysticism to predict stock prices — let us explain.
An increasingly unstable global geopolitical order has turbocharged stocks of military contractors in recent months. Now, with some of the biggest names in the industry set to report earnings this week, investors are eager for evidence that the rally is rooted in reality.
Mining stocks in Asia and Europe climbed with metals prices as investors rotated into hard assets, driven by a weakening dollar and growing unease over currencies, geopolitics and global fiscal risks.
The best growth opportunities are overwhelmingly found among highly scalable technology and communications companies. Many of them get started with the help of venture-capital funding and are already behemoths when they go public.
By asking New York traders to confirm the price of the Japanese yen against the dollar on Friday, US authorities handed investors yet another reason to sell the greenback.
It is critical to understand that 2026 will not deliver certainty. Instead, investors should focus and make decisions based on probabilities backed by data, earnings trends, policy shifts, and macro signals.
Today we continue anticipating 2026, this time shifting for the first part of the letter from economic issues to geopolitics before making some of my personal general forecasts.
The Bank of Japan’s recent policy shift is sending shockwaves through global markets. Headlines this week highlight the dollar’s tumble against the yen and renewed chatter of an unwind to the massive yen carry trade, estimated at over $500 billion.
The OBBBA brings 10 tax changes for 2026. Some provisions benefit taxpayers while others impose new restrictions. Our Bill Cass shares the highlights.
As seen in a How to Find Pure Play Approaches to Drone Technology webinar, a lot goes on behind the scenes when building an exchange-traded fund (ETF) — in this case, the REX Drone ETF (DRNZ).
The importance of biodiversity as a nature-related risk in investors’ portfolios has become better understood in the past few years. Investors are beginning to appreciate how complex and nuanced biodiversity risk can be.
Silver has rallied sharply over the past six months, outperforming many major asset classes and even gold. While geopolitical risk, easing monetary conditions, and inflation-related demand have supported precious metals broadly, silver’s move has been especially pronounced—bringing both its drivers and potential constraints into focus.
In 2025, despite representing just over 10% of ETF assets, actively managed ETFs gathered nearly one-third of all ETF inflows. Investors increasingly turned to discretionary active equity and fixed income ETFs and not just index-based ETFs. That has persisted thus far in 2026, with active ETFs gathering 37% of new money.
Equity markets have delivered strong returns in recent years, leaving many investors with substantial unrealized gains across their portfolios. Let’s consider how a tax-managed long-short strategy could be a powerful tool in the pursuit of tax efficiency—for the right investor.
Ultra-affluent families face risks that differ significantly from those of the general population. Complex structures, such as multiple entities, trusts, K-1s, and investment partnerships, create more opportunities for sensitive information to be shared across advisors and custodians. Large refunds and tax payments represent enticing entry points for criminals.
While our outlook for the municipal bond market in 2026 is positive overall, we have identified five risks that we believe should be on investors' radar.
The real hero of the late-week recovery was the Information Technology sector. Despite a jarring 16% slide from Intel (INTC) following a tepid outlook shared on their Q4 2025 earnings call, the broader semiconductor space and "Magnificent Seven" megacaps provided the necessary ballast.
Long trips rarely end at the airport. We arrive, but our internal clocks lag behind; the first day back is spent acclimating to the new landscape. The global economy enters 2026 in much the same way. Shifting rules of commerce, political stoppages and patchy data have left decision makers disoriented.
LPL Research explores the drivers behind the rally in metals, the associated risks, and the outlook for their durability.
The U.S. economy continues to display a complex mix of resilience and persistence. As markets brace for next week’s FOMC meeting, this snapshot breaks down the latest shifts in GDP, inflation, and consumer behavior.
Pave Finance, Inc. (“Pave”), the next-generation wealth management platform, has today announced its integration with Fidelity, one of the world’s largest registered investment advisory custodians and retail brokerage firms.
The rise of AI follows a fundamentally different competitive logic than earlier technological revolutions. With massive capital requirements, high operating expenses, low switching costs, and intensifying regulatory scrutiny, success will depend less on scale and more on financial resilience and political influence.
Amplify ETFs had an impressive year in 2025, outperforming the broader market in both asset growth rate and performance across its thematic and income-oriented suites.
It was a volatile week in financial markets, largely driven by geopolitical developments. Last weekend, the U.S. administration proposed new tariffs on several European countries linked to tensions around Greenland.
Healthcare stocks were rattled by US policy uncertainty in 2025. But signs of resilience have surfaced as the sector reaffirms its defensive strengths and growth potential, sparking a shift in investor sentiment.
According to what has been announced so far, the government plans to restrict future purchases of single-family homes by large institutional investors. It would not force them to sell homes they already own, nor would it affect individual buyers or small landlords.
As we enter 2026, the U.S. economic momentum continues based on the foundation of a solid private sector with fiscal and monetary policies also contributing to growth. As we refine our global asset allocation, we maintain a diversified overweight stance on U.S. equities despite relatively high valuations.
The dollar is in no danger of losing its status as the primary global reserve currency, but de-dollarization is chipping away at its dominance. It’s clear we’re moving toward a “multipolar” world where several currencies, along with gold, are making up a growing share of global reserves.
Recent acquisition deals highlight asset managers’ race to capture the booming demand for model portfolios and outsourced investment solutions.
Year-end S&P 500 price targets implicitly assume continuity and fail to recognize volatility and macro forces that affect markets throughout any given year.
