In 2021, a piece of digital art sold at auction for $69 million. The iconic sale ‘Everydays: The First 5000 Days’ from Beeple was the first time most of the world took any notice of NFTs. Two years on, following something of a frenzy for investing in the burgeoning assets,...
The prospect of U.S. interest rates remaining elevated for longer than expected has sparked a readjustment for investors. This week’s Fed decision to hold its target federal fund rate to a 5.25-5.50% range may be followed by another hike before year-end, but it’s the signal rates may stay above 5%...
An advisor team has jumped ship from Citi Private Bank to J.P. Morgan Private Bank having overseen more than $2 billion in client assets. The trio – Olive Goh, James Harding, and Jorge Valcarcel – has more than six decades of combined experience and will report to Tim Howell, managing...
Investors hoping to make a quick profit from home flipping have found conditions challenging in the last year or so, but things are starting to improve along with the broader housing market. New stats from real estate data specialists ATTOM reveals that investor profits and profit margins both increased in...
Advisors who want to retire, or free themselves from the admin of running a business, now have a new option. LPL Financial has launched a first-of-its-kind program that enables advisors to monetize the business they have built and retire, or free themselves from the responsibilities of business ownership to concentrate...
For many people, work is simply a means to afford to live, but for others it provides a purpose, a social network, a framework for everyday life – and that’s hard to give up for good. With longer life expectancy, the idea of retiring at 65 or earlier may be...
A financial advisor who began his career with Edward Jones in 2015 is returning to the firm to provide comprehensive retirement plan services for small and mid-sized companies in the Seattle area. Jon Murdock previously managed $167 million in client assets and rejoins the firm after spending a year as...
The retirement years of millions of Americans appear to be on a better course, but the reality may be less rosy according to Goldman Sachs Asset Management. The firm’s Retirement Survey & Insights Report 2023 shows an improvement with 65% of the U.S. workers polled believing they are on course...
Mesirow has added a high-net-worth and ultra-high-net-worth registered investment advisory firm in a deal which expands its wealth management offering. The addition is Chicago-based Front Barnett Associates, founded in 1994 and led by Marshall B. Front, Mickey MacMillan and Peter Wahlstrom, which had more than $1.2 billion in assets under...
Advisors who fail to meet the needs of diverse investors as they become more confident, are leaving money on the table. A new report from J.P. Morgan Wealth Management reveals that Black, Hispanic, and Latina women are feeling more knowledgeable about investments and retirement planning than they were five years...