Traders are abandoning the euro at pace as speculation grows the European Central Bank will struggle to tighten monetary policy further, even with inflation running far above target. Data this week showed consumer-price growth re-accelerated in Spain and France in August, but the market is betting the ECB’s cycle of interest-rate hikes...
Portfolio Advisors, LLC is partnering with Vontobel to help the Swiss-based global investment firm offer private markets investments to selected clients. It will leverage the U.S. firm’s expertise to offer investments in asset classes such as private equity, private debt, venture capital, real estate, and infrastructure, with the intention of...
Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability.The company reported overall net operating income of 9.2 billion Swedish krona ($843.5 million), up 21% year-over-year. Failing to record...
General view of the UBS building in Manhattan on June 5, 2023 in New York City.Eduardo Munoz Alvarez | View Press | Corbis News | Getty ImagesUBS shares reached their highest point since late 2008 during early trade in Zurich on Thursday, after the Swiss banking giant posted a...
By Chirag Shah, founder and CEO of Nucleus Commercial Finance. The last 20 years have transformed the face of banking and lending. Previously, the traditional high street bank was where customers did everything from withdrawing and paying in money to applying for a loan or mortgage. You can now do...
Most independent advisors, especially those early in their careers, are looking for ways to grow their book of business and increase assets under management. Unfortunately, fewer than half (46%) of advisors agree that they have enough time to grow their business proactively, and some (5%) are not very confident...
Financial advisors frequently turn to technological tools to boost efficiency and drive growth—and with good reason. Nearly two-thirds (63%) of advisors say their firm’s technology saves them time, according to the Advisor Time Use Study recently conducted by InvestmentNews Research and sponsored by Commonwealth Financial Network. Technology can streamline...
Of all the tasks financial advisors would like to spend less time on, administrative duties and executive leadership duties top the list. Currently, administration and executive leadership take up 17% of advisors’ time, according to the Advisor Time Use Study recently conducted by InvestmentNews Research and sponsored by Commonwealth...
How do you want to spend your day? These three must-read articles will showcase practical tips for changing how you spend your time and help advisors address three important aspects of their business so they can focus on what matters. Finding Time to Grow It’s safe to say that most advisors...
Sheryl Hickerson believes so strongly in the power of networking that she decided to build her own community of women in financial services. Hickerson serves as CEO of Females and Finance, but she stumbled upon her career in financial services quite by accident. “Believe it or not, I faxed my...