Financial advisors aren’t always trained to address their clients’ emotional reactions about finances, while therapists aren’t necessarily equipped to discuss the impact of finances on a person’s well-being. Financial psychology acknowledges the inextricable link between the two. The efforts of Sonya Lutter, one of this year’s judges of the InvestmentNews...
Financial advisors Megan Stirrat and Tenley Hardt have left Merrill Lynch to join LPL Financial, where they have launched a new independent practice, Revel Private Wealth. Stirrat and Hardt, who specialize in helping women in transition and those in the sports and entertainment industry, decided to break away from the...
The retirement plan world is breathing a sigh of relief after the IRS Friday announced a two-year delay on requiring high-income workers who make 401(k) catch-up contributions to do so in Roth accounts. For months, plan sponsors had worried about a provision of the SECURE 2.0 Act slated to go...
Electrical workers repair power lines leading into the fire ravaged town of Lahaina on the island of Maui in Hawaii, August 15, 2023.Mike Blake | ReutersElectric companies in the western U.S. are facing mounting lawsuits alleging that their failure to prepare for extreme weather has resulted in repeated, catastrophic...
Longevity risk continues to be a hot topic for advisors, especially as their clients continue to suffer from a lack of “longevity literacy.“ The TIAA Institute and the Global Financial Literacy Excellence Center at the George Washington University School of Business released data last week showing that American adults are overwhelming unaware...
On Friday, June 16th, our subscribers opened their email to find my June Vertical Options Trader picks. After looking over the trades, subscribers logged into their brokerage accounts and bought call spreads on Wayfair (W). At the time, each spread cost about $286. By Friday, July 14th, those subscribers closed out...
Goldman Sachs Group Inc.’s foray into the retail-focused wealth management business was short, lasting only four years, On Monday, the bank said it was dumping its registered investment advisor business to refocus on the super-rich. The shift in strategy shows how tough change can be for an institution like...
Jodie Comer and Sandra Oh attend the premiere of BBC America and AMC's 'Killing Eve' at ArcLight Hollywood on April 01, 2019 in Hollywood, California.Emma McIntyre | Getty ImagesStreaming services are leaning more on pay TV.Warner Bros. Discovery's Max will feature more than 200 episodes of recent AMC Networks...
Boston Scientific Corp.Chitose SuzukiCheck out the companies making headlines in midday trading.RPT Realty — RPT Realty shares surged 19% after Kimco Realty, an operator of open-air shopping centers, said it would acquire the real estate investment trust in a roughly $2 billion all-stock deal. Kimco CEO Conor Flynn said,...