Advisors who want to retire, or free themselves from the admin of running a business, now have a new option. LPL Financial has launched a first-of-its-kind program that enables advisors to monetize the business they have built and retire, or free themselves from the responsibilities of business ownership to concentrate...
For many people, work is simply a means to afford to live, but for others it provides a purpose, a social network, a framework for everyday life – and that’s hard to give up for good. With longer life expectancy, the idea of retiring at 65 or earlier may be...
JPMorgan Chase & Co. Chief Executive Jamie Dimon said the Federal Reserve may have to keep increasing its benchmark interest rate in the coming months to combat persistent inflation. The central bank was “a day late and a dollar short” in beginning to raise rates and the rapid increases over...
Bond traders are bracing for Treasury yields to keep pushing higher after the Federal Reserve signaled it’s likely to hold interest rates at lofty levels well into next year. Fifty-eight percent of the 172 respondents in the Bloomberg Markets Live Pulse survey conducted after the Fed’s decision said that 2-year Treasury yields...
An influential group of institutional investors has called on governments to remove policy barriers to help unleash an estimated $275 trillion in new clean energy investments over the next three decades. The Net-Zero Asset Owner Alliance, whose members oversee $11 trillion of assets and include Allianz SE, Axa and the California Public Employees’ Retirement System, said governments need to...
Private credit is going through a golden era, according to its fans, but a handful of asset managers are refusing to be dazzled by the biggest part of the booming $1.5 trillion market: direct lending. Swiss Life’s investment arm and Scotland’s Baillie Gifford are avoiding the direct-lending craze in part because of...
One of last year’s hottest quant trades is getting a reboot, even as it misfires in the world’s largest stock market. So-called value shares — which trade at lower multiples relative to fundamentals — are all the rage again but this time in Asia and, more recently, Europe. Investors are essentially...
The fusion of media and fintech is not just a temporary industry trend. It is a powerful synergy shaping the future of both sectors. When we talk about media, it is easy to think solely about content. The newspapers, TV shows, movies, and radio broadcasts. However, as digital transformation...