Hightower adds $2.5B high-net-worth focused firm to its list of 2023 acquisitions

Hightower has announced a strategic investment in a $2.5 billion fee-only RIA firm, its eleventh acquisition of 2023 so far. With 35 years in business, Resource Consulting Group focuses on providing investment management, financial planning, and retirement planning services to high-net-worth and Learn more about reprints and licensing for this...

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Gen Z is smashing the taboo of talking to their parents about money matters

Young Americans are switched on about the importance of good financial management and want to talk about it earlier than previous generations. A new survey from Northwestern Mutual reveals that adult Gen Zs had their first family conversations about money when they were 15 and that’s the age most respondents...

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Why BlackRock is staying overweight megacap tech stocks

The team responsible for assembling BlackRock Inc.’s model portfolios is favoring the stock market’s largest companies, potentially unleashing a flood of billions of dollars into technology shares. The investing giant, one of the biggest providers of the ready-made strategies followed by asset managers and financial advisers, is “pretty overweight” on megacap tech...

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ESG is now mainstream despite US skepticism, say investors

As Republican legislators in the US try to wipe ESG off the map, most global investors and executives are acting as though those efforts will ultimately fail. Using environmental, social and governance metrics is now mainstream, according to 89% of investors who responded to a survey published Wednesday by Bloomberg Intelligence....

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