Most financial advisors base investment decisions on home office models, with new data showing that the profession continues to move more toward planning and customer service. With a surfeit of models available from home offices and third parties such as asset managers, asset allocation is now all but commoditized, according...
Massachusetts Secretary of the Commonwealth William F. Galvin fined Fidelity Brokerage Services $750,000 over the company’s alleged past practice of “rubber-stamping” clients’ applications to trade options, according to a statement from Galvin’s office. Galvin, long an unpopular figure in the retail securities industry because of his wide powers over Wall...
Oddity Il MakiageCoutesy: OddityOddity Tech released preliminary third-quarter results on Monday that show expected revenue growth of 29% to 31%, driven by repeat sales at its Il Makiage and Spoiled Child brands.The newly public retailer, which started trading on the Nasdaq in July and uses artificial intelligence to develop...
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesTaylor Swift fans forked out an average $2,183 for a resold ticket to a concert on the superstar's Eras Tour, according to resale research site TicketIQ. Now, ticket resellers...
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020.George Frey | ReutersAll drugmakers of the first 10 medicines selected for Medicare drug price negotiations have agreed to participate in the talks, even after many of them...
Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C.Andrew Kelly | ReutersThe Federal Communications Commission announced a settlement with Dish Network on Monday in the regulator's first penalty related to space debris.Dish admitted it was liable for failing to properly dispose of the EchoStar-7...
T. Rowe Price Group Inc. and Oak Hill Advisors are launching a new private credit fund open to individual investors in the U.S. to take advantage of the rapidly growing $1.5 trillion market. The T. Rowe OHA Select Private Credit Fund, or OCredit, already has $1.5 billion of investible capital,...
When it comes to the different risks that surround retirement planning, advisors tend to focus on market risk. However, there are two more that shouldn’t be ignored: longevity risk and sequence of return risks. These were among the takeaways for attendees at the recent RIA LABS webinar, Fee-based Insurance &...