The recession question is never far away and there is no consensus on when or how deep it will be. While wealth and asset managers expect a recession in the next year according to a recent poll, a panel of 14 chief economists from some of the largest U.S. banks...
Two Former Wells Fargo advisors, who oversaw approximately $280 million of assets, have joined Linsco by LPL Financial, the firm announced Monday. The father-son team of Michael and Wes Climer join fellow advisors at a dedicated Linsco office on Carnegie Boulevard in Charlotte, South Carolina. Mike Climer started his career at...
Wealthtender, an independent find-an-advisor website and SEC-compliant online review platform, has announced its acquisition of AGC, an online community for financial advisors. The acquisition will be completed around Oct. 1 and will provide over 450 financial advisors with digital marketing tools and access to a community of peers. According to...
Indexing, data, and research firm VettaFi has announced the enhancement of its solutions for asset managers with the acquisition of custom thematic indexing specialist EQM Indexes, LLC. EQM builds indexes using a quantitative, research-driven approach with indexes including online retail, rare earths & critical materials, blockchain technology, and the global...
A judge ordered a high-stakes family feud over the finances of Sen. Dianne Feinstein, the powerful 90-year-old California Democrat, to be moved out of court for private negotiations. Since early this summer, the fight has been playing out publicly between the families of two of San Francisco’s storied power brokers:...
Shoppers walk past a Bloomingdale's store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022.Victor J. Blue | Bloomberg | Getty ImagesMacy's said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale department store, Bloomingdale's.Bron will succeed...
The global economy is shifting toward a higher-for-longer period for interest rates, making the coming flurry of monetary decisions across the developed world pivotal in mapping out that plateau. In the next week or so, borrowing costs will be set for seven of the world’s 10 most-traded currencies — including...
Mason KingCourtesy: Mason KingMore than a year of recessionary forecasts have created "a highly unusual market," said Mason King, a principal of Luther King Capital Management in Fort Worth, Texas, which ranked No. 1 on CNBC's list of the top 100 financial advisors in the U.S. for 2023.As a whole, the current...
Kate_sept2004 | E+ | Getty ImagesWhether it's navigating a stock market downturn, hawkish Federal Reserve policy or banking instability, we're dedicated to helping consumers make smart money decisions.But CNBC's personal finance team also recognizes the value of professional advice and a comprehensive financial plan, regardless of life stage or level of wealth.Our mission...
Rosshelen | Istock | Getty ImagesCNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for this year's FA 100 list.The methodology consisted of first analyzing a variety of core data points from AccuPoint Solutions' proprietary database of registered investment advisors. This analysis started...