An Oklahoma pensioner is challenging a state law that targets financial firms, including BlackRock Inc. and JPMorgan Chase & Co., for their climate change policies. Don Keenan, a former state employee, is seeking a temporary restraining order against Oklahoma treasurer Todd Russ and the state over the 2022 law enacted...
Serial entrepreneur Nathalie Molina Niño had spent the better part of two decades in the tech world when she came to the conclusion that investors are the ones running the show. Having that power to invest and make changes led her in 2016 to start Brava Investments, a firm that...
Many of us in the wealth management profession work hard to reduce conflicts of interests. In fact, unlike 30 years ago, most advisers now charge clients a fee based on assets under management as opposed to earning only sales commissions. But while this goes a long way toward reducing...
A recent client survey provides a shocking reminder that the words we use have tremendous power over investors’ financial lives. In 2023, my firm asked, among other things, if our clients were likely to talk to their advisors about “responsible investing” in the next year. Sixty-three percent of women said...
Two national registered investment advisor firms are to merge creating an entity managing around $11.2 billion. Curi Capital ($1.6 billion AUM) and RMB Capital ($9.6 billion AUM) will combine as part of a wider deal that sees Curi Holdings Inc. acquire a majority stake in RMB, with the transaction expected...
Steward Partners has expanded into the Peach State with a two-person advisor team managing approximately $275 million in client assets. Miller Family Wealth Management comprises partner, managing director and wealth manager Charles (Chuck) Miller and partner, vice president and wealth manager Sim Learn more about reprints and licensing for this article.
Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating. Binance will pay $4.3 billion in one of the largest corporate agreements in US history. Zhao...
Sam Altman will return to lead OpenAI less than five days after he was pushed out of one of the world’s most valuable startups, setting off a shock back-and-forth drama that transfixed Silicon Valley and the global AI industry. Altman is returning as chief executive officer and the initial board...
Stocks were mixed while the dollar rebounded from its weakest level in almost three months as traders awaited a slew of US economic data before markets pause for holidays in America and Japan. Futures on the S&P 500 and Nasdaq 100 were flat after Wall Street’s rally stalled on Tuesday....
UBS Global Wealth Management expects Japan’s cheaply valued stocks to extend their outperformance into 2024 amid a revival in domestic economic growth and gradual monetary policy tightening. Value stocks will rally as the economy may post 3% to 4% nominal growth next year and the Tokyo Stock Exchange pushes for...