Global banking group UBS has beaten earnings expectations and beaten the record for quarterly profit in the banking sector. The Swiss-headquartered company posted its results in the early hours of Thursday morning revealing net profit of $29 billion for the second quarter of 2023, its first quarterly results since its...
Shareholders in U.S. firms saw dividends grow by 4.6% on an underlying basis in the second quarter of 2023 and by 2.9% on a headline basis including special dividends, exchange rate effects and other technical factors. Firms paid out $148 billion to shareholders with 98% of them increasing or holding...
North America is leading a global increase in investor confidence according to State Street Global Markets. The firm’s proprietary measure of sentiment and risk appetite shows a rise of 12.9 points to 103.8 in the region in August, the largest increase across global regions. Europe (up 4.3 points to 103.7)...
Portfolio Advisors, LLC is partnering with Vontobel to help the Swiss-based global investment firm offer private markets investments to selected clients. It will leverage the U.S. firm’s expertise to offer investments in asset classes such as private equity, private debt, venture capital, real estate, and infrastructure, with the intention of...
A registered investment advisor firm in the Midwest is to be acquired by Pensionmark, the retirement specialists business of World Insurance Associates. The firm, Financial Solutions, was founded 30 years ago and has assets under management of approximately $950 million. It will join the World financial services division led by...
Stratos Wealth Holdings has bolstered its senior leadership team with a new chief operating officer. The family of companies which includes Stratos Wealth Partners, Stratos Wealth Advisors, and Fundamentum, has appointed Phil Nuttall to the COO role, effective immediately. He succeeds Lou Camacho, who will focus on the strategic expansion...
Advisors affiliated with national firms are likely to be in demand from those whose retirement is just around the corner. Research from Cerulli Associates reveals that those within five years of retirement become ‘advisor-reliant’ and seek those professionals who can offer a strong suite of support services, becoming heavily reliant...
A new wealth management business has launched in San Juan Capistrano, California, led by two advisors who have served approximately $325 million in advisory, brokerage and retirement plan assets. Revel Private Wealth is affiliated with LPL Financial’s supported independence model, LPL Strategic Wealth Service. Founders Megan M. Stirrat, CFP, CDFA, SE-AWMA...
Tradition has seen generations of American workers look forward to giving up work. But we’re in an age where traditions are often challenged. While many approaching retirement – or already retired – will happily settle into the post-work life they planned, almost half of respondents to a new survey intend...
Money is one of the most worried-about things, especially with squeezed household finances, and the dream for most people is to be financially free. But most Americans are not achieving it. Just 1 in 10 respondents to a new survey said that they are living financially free as they see...