Morgan Stanley co-president Andy Saperstein has been diagnosed with cancer and plans to keep working as he begins to receive treatment. “I’m young and in otherwise good health,” Saperstein, 56, said in a memo to employees Tuesday. “That gives me great confidence as I begin the process of starting treatment...
For many advisors, life at their firm isn’t what it used to be. Increasing bureaucracy, rising compliance restrictions, and diminishing freedom over investments and client communications are issues we hear about every day. Yet many advisors choose to stay the course since it’s still Learn more about reprints and licensing for...
Husband and wife financial advisors Kevin Okim, CFP, and Deborah Okim, CFP, AAMSTM, have made a big decision to switch affiliation after more than two decades with their old firm. “It was not an easy decision for Kevin and me to transition from our previous firm after two decades, but...
Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization. Eduardo Martinez Campos started his career in Citigroup’s markets business roughly three decades ago, according to a memo to staff from newly appointed wealth chief Andy Sieg. The division Learn more about reprints and...
Nearing the end of a tumultuous year for assets in developing countries, emerging-market currencies are poised for the best performance since 2017 as a late rally pushes investors to lock in higher yields while they still can. The benchmark MSCI EM Currency Index advanced 0.3% on Tuesday, lifting its gains this year...
Solving the world’s biggest issues will involve, at least in part, an area of technology that is known as ‘deep tech’ and it’s now an established asset class according to new research. Boston Consulting Group says that deep tech now claims a stable 20% share of venture capital funding, ro Learn...
Stoy Hall realized early on that financial literacy was a scarce resource in his family, and his community. Now, as founder and CEO of Black Mammoth, a financial services company in Iowa with clients all over the country, he says that during his childhood, there simply weren’t any finance professionals...
It’s touted as crypto’s big breakthrough on Wall Street: The imminent arrival of bitcoin exchange-traded funds that will kick open investing in digital currency to the institutional and retail masses. That’s driving the latest hype cycle in the world’s largest token on bet Learn more about reprints and licensing for this article.
Citigroup has embarked on a major restructuring process, affecting numerous employees at the start of Thanksgiving week. The bank, following months of planning, is set to implement a series of job cuts as part of what it is calling “a strategic realignment.” This realignment involves reshuffling teams, dismantling an international...
Morgan Stanley named Jed Finn head of the company’s $4.8 trillion wealth management business, giving him oversight of the biggest revenue generator at the firm. The move is part of co-president Andy Saperstein’s revamp of his leadership team for the investment bank’s money management Learn more about reprints and licensing...