It appears that more advisors are making the move to go independent — and there’s no sign of that trend stopping. New Fidelity Investment research found that approximately 1 in 6 advisors have switched from a corporate firm to go independent over the past five years. Additionally, advisors cite independent...
Check out the companies making headlines after the bell . United Airlines — The airline stock slumped more than 4% in extended trading after warning that heightened fuel costs and a halt in Tel Aviv flights amid the Israel-Hamas war would hit current-quarter profits. United Airlines said it expects...
MGM Resorts International's MGM Grand Detroit hotel stands in Detroit on Oct. 30, 2013.Bryan Mitchell | Bloomberg | Getty ImagesAuto workers aren't the only ones on strike in Detroit. Thousands of casino workers, seeking higher wages and better working conditions, walked off the job in the city Tuesday. Casino...
A Department of Labor official said the agency’s next attempt at setting investment advice standards for retirement accounts will not just be a rehash of previous fiduciary rules. “We’re intentionally referring to it as the retirement security rule rather than the fiduciary rule,” DOL assistant secretary Lisa Gomez told reporters...
Despite the broad stock market’s rise over the past year, with the S&P 500 up almost 19% in that time, Bank of America’s Global Wealth and Investment Management group, which includes Merrill Lynch, reported net income Tuesday morning of $1 billion in the quarter that ended in September, a...
Raymond James will soon be integrating fintech 55ip’s cutting-edge tax management technology across its managed accounts platform, the firms announced Tuesday. The partnership marks an industry first, the announcement said, as it will provide custom, tax-smart management at scale for Raymond James advisors and their clients. “The enhancements will make tax-smart...
Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. JanValls | Nurphoto | Getty ImagesUnited Airlines said more expensive jet fuel and a halt to the carrier's Tel Aviv flights during the Israel-Hamas war will eat into its profits in the...
Mercer Global Advisors has acquired a registered investment advisor, Kingfisher Capital, that manages $630 million in assets for more than 200 clients, the company announced Tuesday. Charlotte, North Carolina-based Kingfisher was founded in 1989 by Alexander B. Miles and H.K. Hallett and takes a family office approach to supporting its...