Altruist has played the latest card in its ongoing efforts to woo independent advisors to its asset custody platform. The Los Angeles-based company previously charged registered investment advisors $1 per account per month to use its portfolio management software. On Thursday, the firm announced it would waive this fee completely...
If the regulatory process had a soundtrack, it would be a ticking clock. The American electorate has been pretty much evenly divided over the last few elections, with one party or the other gaining an advantage in the House or Senate by narrow margins. The hold on the White House...
Big banks can struggle when they’re trying to figure out a wealth management strategy that works for everyday retail investors. Look no further than Goldman Sachs Group Inc.’s decision to dump the retail financial advisor business, Personal Financial Management, that it bought just four years ago. Goldman is returning...
Saudi Arabian Crown Prince Mohammed bin Salman Al Saud attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. Evelyn Hockstein | ReutersSaudi Crown Prince Mohammed bin Salman embraced accusations of "sportswashing" to rehabilitate the country's image, as...
(L-R) Supporter Ryan Sullivan, and United Auto Workers members Chris Sanders-Stone, Casey Miner, Kennedy R. Barbee Sr. and Stephen Brown picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesDETROIT – With a deadline for expanded strikes by the United Auto Workers...
A sign is posted in front of a Broadcom office in San Jose, California, on June 3, 2021.Justin Sullivan | Getty Images News | Getty ImagesCheck out the companies making headlines in midday trading.Cisco Systems, Splunk — Shares of Cisco fell 4.2% Thursday after the company said it is...
The market for U.S. Treasuries may be the largest, safest and most liquid in the world at more than $24 trillion. But securitized fixed-income markets totaling over $12 trillion are nothing to sneeze in the current economic environment, with attractive yields, highly diversified products and a troubled history that’s now...
