The SEC ordered a Delaware investment advisory firm to pay $1.3 million to settle charges that it placed clients in expensive mutual fund share classes without disclosing related conflicts of interest. In an order posted Tuesday, the Securities and Exchange Commission said Wilmington Trust Investment Management offered a wrap program...
Getting John Beatson to pick stocks for you used to require a cool $25 million or thereabouts. Thanks to the newest trend in money management, these days it’s more like $25. That’s roughly the price of a share in the Bushido Capital US Equity ETF (SMRI), an actively managed equity...
While 3,100 Avantax Inc. financial advisors likely to get slim bonuses or none at all once the sale of the firm to Cetera Holdings is complete, the chief executive of Avantax, Christopher Walters, could walk away with a golden parachute worth $21.6 million, according to a filing with the...
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty ImagesGoldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky...
Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania.Mark Makela | ReutersChipotle Mexican Grill is planning to raise prices again."For the first time in over a year, we will be taking a modest price increase to offset inflation," Chipotle Chief Corporate...
More from Year-End PlanningHere's a look at more coverage on what to do finance-wise as the end of the year approaches:One reason for more frequent large Powerball jackpots is a 2015 change to the game's matrix, according to J. Bret Toyne, executive director of the Multi-State Lottery Association, which...
A new study shows Gen Z workers are itching to retire at age 61. If that’s the case, they have a lot of hurdles to clear. According to Charles Schwab’s annual nationwide survey of 401(k) plan participants released Thursday, Gen Z employees, or those who are 21 to 26 years...
Israeli armuy soldiers deploy at a position near the border with Gaza in southern Israel on October 11, 2023.Menahem Kahana | AFP | Getty ImagesAs Israel prepares for what could be a long war with massive humanitarian implications, there are also concerns about how a protracted fight could weigh...
A Birkenstock banner hangs outside the New York Stock Exchange (NYSE) in New York on October 11, 2023, as Birkenstock launches an Initial Public Offering (IPO). Angela Weiss | Afp | Getty ImagesShares of Birkenstock slid about 10% in their debut on the New York Stock Exchange on Wednesday, after...