Stablepoint Partners has made its debut as an independent investment advisory firm operating out of Braintree, Massachusetts, that aims to provide bespoke planning and comprehensive investment solutions for its clients. The leadership of Stablepoint is spearheaded by co-founders Christopher Griffith and Henry Wheelwright. These industry veterans were recognized as Best-In-State...
Rising costs of acquisitions, higher salaries for employees, and competitive recruiting bonuses for financial advisors, along with the record spike in interest rates, are making it more costly to run large wealth management enterprises. Some are wondering whether that will result in either layoffs a Learn more about reprints and...
A 230 page proposal, which Finra has submitted to the Securities and Exchange Commission for review, would allow the use of predicted returns in marketing and would apply to brokers dealing with institutions and investors possessing assets over $5 million. The Financial Industry Regulatory Authority Inc. believes that “A member’s...
Goldman Sachs Japan is facing a major transition with the immediate resignation of its president, Masanori Mochida. This abrupt exit marks the end of a notable 38-year tenure for one of Tokyo’s key financial figures. Mochida, who is 69, played a pivotal role in elevating Goldman’s stature in Japan, involving...
National registered investment advisor firm Nepsis Inc. has acquired a full-service tax, accounting, and consultancy firm to expand its brand and offering. The Minneapolis-headquartered firm has acquired Sevenich Butler Gerlach & Brazil Ltd., which will be incorporated into the Nepsis brand a Learn more about reprints and licensing for this article.
UBS Wealth Management USA recently welcomed The Keating Group, a four-member advisory team that had been affiliated with Merrill Lynch, to its ranks. The team, comprised of Maureen Keating, Michael DeCorleto, and Matthew Marques as financial advisors, and Matthew Mardirosian as wealth management associate, brings with them an impressive management...
A 26-year-old firm from the small town of Uncasville, Connecticut, has joined LPL Financial’s broker-dealer, RIA and custodial platforms, having grown a $220 million AUM practice. Michael Doherty Jr. founded Doherty Financial Services in 1997 and has always put family at the heart of the busine Learn more about reprints and...
In a high-stakes legal battle, Walid Chammah, the former chairman of Morgan Stanley, has initiated High Court proceedings against the Austrian investment firm Signa, owned by Rene Benko. The case, revealed by The Telegraph, centers on an alleged unpaid sum of €14m ($15.29m) in fees. Ch Learn more about reprints and licensing...
The dollar extended a decline, with a gauge of greenback strength hitting its lowest level since August, amid speculation the Federal Reserve is nearing the end of its rate-hike cycle. Traders are currently pricing in about a 30% chance of a first Fed rate cut in March following cool inflation...
The upcoming closures of two of JPMorgan’s socially conscious exchange-traded funds are shining a spotlight on the vanishing appetite for environmental, social and governance products. An unprecedented $7.7 billion has left do-good ETFs this year following 10 straight years of inflows, Bloomberg Intelligence data show. Issuers have shut down a...