A growing number of asset managers are reassessing bond values tied to real assets, as a spike in the frequency of flash floods, fires and storms hits conventional pricing models. Mitch Reznick, head of sustainable fixed income at Federated Hermes, says climate risk is a key reason why the investment...
The financial advice business isn’t what it used to be — and many in the profession say that’s a good thing. With investment management effectively being outsourced to the dizzying number of model portfolios and home office research services available, stock picking just isn’t the main selling point of an...
CEO bonuses are a sure way to fuel perceptions of compensation injustice lower down the advisory food chain, but news that the chief executive of Avantax could walk away with a golden parachute payment worth $21.6 million raised an extra eyebrow or two. As reported by InvestmentNews’ Bruce Kelly, Christopher...
As the last decade was drawing to a close, Creative Planning owner Peter Mallouk, an estate planning attorney who bought the firm in 2004, decided it was time to shift the business strategy. Since acquiring the firm, he had been relying on implementing a unified approach and process to clients’...
The global wealth management market is set for exponential growth through the rest of the decade according to a new report. Allied Analytics says that the market was worth $1.25 trillion in 2020 and is set to more than double to $3.4 trillion with a 10.7% CAGR from 2021-2030. North America...
A team of eight wealth management professionals has joined D.A. Davidson & Co. in North Carolina. With a collective AUM of $1 billion, the team was formerly affiliated with Truist and includes senior vice presidents, financial advisors, and portfolio managers, Andy Vestal and Matt Bryant. Vestal has more than 30 years...
T. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years. At Franklin Resources Inc., the latest member of a billionaire family to run the firm is trying to reverse a nearly uninterrupted 20-quarter losing streak. Across the Atlantic, the chief of Abrdn Plc has...
The odds of a year-end rally in US stocks are fading as investors face a multitude of risks from elevated profit estimates to the Federal Reserve’s policy tightening, according to Morgan Stanley’s Michael Wilson. The strategist — among the most bearish voices on US stocks — said he “would not...
A surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say. Dubbed the “world’s safest asset,” Treasuries have not...
A growing number of asset managers is reassessing bond values tied to real assets, as a spike in the frequency of flash floods, fires and storms hits conventional pricing models. Mitch Reznick, head of sustainable fixed income at Federated Hermes, says climate risk is a key reason why the investment...