Rise Growth Partners, Joe Duran’s effort to build the next generation of national advisory firms, has hired Terri Kallsen as managing partner and senior operating advisor, the firm announced Monday. Kallsen most recently was chief operating officer at $70.5 billion Wealth Enhancement Group. Earlier, she was executive vice president of...
The SEC will zero in on investment advisors’ compliance with the marketing rule, their compensation arrangements and their recommendations of illiquid or difficult-to-value assets in its examinations in 2024. The Securities and Exchange Commission also will place “particular examination focus” on how advisors protect clients’ personal information and the accuracy...
Even on Wall Street, there’s such a thing as too much of a good thing. And that goes double when it comes to stock ownership across a client’s portfolio. With an estimated 3,000 ETFs available in the U.S., stock overlap simply can’t be prevented. For example, even if a financial...
Taylor Swift performs onstage during at Ford Field on June 9, 2023 in Detroit, Michigan.Scott Legato | TAS23 | GettyTaylor Swift and AMC have collected the receipts and results are in: the Eras Tour concert film is the second-highest domestic opener of October ever.The film tallied $92.8 million during...
larryhw | iStock / 360 | Getty ImagesThe annual rate for newly bought Series I bonds could top 5% in November — and there are several things to consider before adding more to your portfolio, experts say. November's rate for new purchases could be higher than the current 4.3% interest...
Wells Fargo Advisors, the broad marketing umbrella for close to 12,000 bank advisors, wealth management advisors and independent advisors, is betting big on its independent advisor business, in which an advisor works as either an independent contractor or registered investment advisor. With thousands of financial advisors leaving or retiring...
Absolut Vodka and Sprite.Coca-Cola is teaming up with Pernod Ricard to launch a new ready-to-drink and premixed cocktail beginning 2024, the companies announced Monday.The new cocktail will contain a mix of Absolut Vodka and Sprite, the companies said. The drink will be available in two versions with Sprite and...
The world’s largest bitcoin fund is surging faster than the cryptocurrency itself as investors anticipate that an exchange-traded fund centered on the token could soon launch. The Grayscale Bitcoin Trust (GBTC) is trading about 14% below the value of its underlying holdings intraday, the narrowest such reading going back to...