Underlying US inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to stay higher for longer. The consumer price index excluding food and fuel, a measure favored by economists as a better indicator of underlying price pressures, is seen...
Rapidly rising Treasury yields have brought back fears of a potential wave of defaults across emerging markets, with investors questioning which countries struggling with heavy debt loads will miss payments or be forced to restructure first. A total of 21 emerging-market nations have sovereign dollar debt trading near distressed levels,...
An advisor who was managing $350 million of client assets at Merrill Lynch has affiliated with UBS Wealth Management, the firm announced Friday. Matt Burton will join UBS as a managing director and financial advisor in the firm’s Indianapolis office. Client service associate Joanna Franz is also making the move. Burton...
Fifty years ago, many of today’s hottest investing preferences were the stuff of science fiction, but the fundamentals of investing were reassuringly similar. To mark 50 years in the wealth management industry Charles Schwab has been asking its clients, including some who have been with the firm since the early...
Exchange-traded funds that buy emerging-market equities are undergoing a churn — and the biggest loser is the BlackRock Inc. fund that helped usher in passive investing to the asset class two decades ago. Investors have withdrawn $5.4 billion from the iShares MSCI Emerging Markets ETF since July — of which...
A monthly US jobs report due Friday may be the last to show solid hiring before a sharp slowdown, according to Bloomberg Economics. The report will probably show employers added 173,000 workers to payrolls in September, though figures due a month from now could show hiring plummeted to 100,000 in...
A handful of asset managers have been pulling the plug on ESG-themed funds they launched several years ago — a result they all but certainly knew was coming, as not every attempt to get a slice of that booming market was going to work. That hardly means that sustainable investing...
A trade association mostly made up of certified financial planners launched an initiative Thursday to add members from Ameriprise Financial, an outreach effort that has a fiduciary advocate questioning how the credential’s advice standard squares with a dually registered firm. The Financial Planning Association introduced a national membership program to...
Three advisors who were overseeing $800 million in client assets have affiliated with Arkadios Capital, the firm announced Thursday. Tripps Moog, who was an executive director at J.P. Morgan Securities, Hays Evans, who had been a senior vice president at Capitol Group, and Kendall Southerland, who had worked with Moog...
David Kowach, former head of Wells Fargo Advisors, and his new firm, &Partners, bought a broker-dealer in Nashville at the end of August. Now they’re hiring and recruiting financial advisors, with recent pickups from Edward Jones and Wells Fargo Advisors. Wendell E. Jones Jr. worked for Edward Jones for...