If you’re a top-performing financial advisor on the East Coast, there’s a good chance Chris Shaw wants to talk to you. The industry veteran with three decades of experience has been hired by Sanctuary Wealth to spearhead recruitment of advisors across the region as its East Coast regional managing director,...
Federal Reserve Bank of Cleveland President Loretta Mester said the central bank will likely need to raise rates once more this year and then hold them at higher levels for some time to get inflation back to its 2% target. However, Mester said the final decision will depend on how...
More and more Wall Street equity strategists are sounding the alarm on the impact of higher interest rates. The team at Goldman Sachs Group Inc. joined peers at Morgan Stanley and JPMorgan Chase & Co. warning that elevated rates could spark further declines in equities. They pointed to the divergence...
The slide in Treasuries has been excessive given recent economic data and Federal Reserve policy, suggesting it’s instead being driven by fears over the swelling US deficit, some of Wall Street’s biggest names say. Benchmark US yields jumped to the highest levels in 16 years Monday, extending an uptrend that...
Singapore is investigating the role that some single family offices played in one of the city’s largest money laundering cases and weighing further rules on the sector. Authorities found that one or more of the accused in the case involving more than S$2.8 billion ($2 billion) of assets may have...
Bitcoin retreated from a six-week peak after a jump in bond yields dented demand for riskier investments. The largest digital asset shed as much as 1.9% on Tuesday before paring some of the drop to trade at about $27,600 as of 10:50 a.m. in Singapore. The MarketVector Digital Assets 100...
Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better. An index of Rolex timepieces declined by 2.2% in September, according to market prices tracked by the Bloomberg Subdial Watch Index. An index of 100...
For the last couple of years, women have been making significant strides in the financial advice industry. InvestmentNews’ upcoming Women Advisor Summit will celebrate those women who dominate their respective firms and are paving the way for others. When it comes to being a successful woman, Haleh Moddasser says failure is...
Three advisors who managed more than $1 billion in advisory and retirement plan assets at Fifth Third Private Bank have joined LPL Financial’s employee advisor channel, Linsco by LPL, the firm announced Monday. The trio are launching PB FAM Private Wealth in Atlanta. Raanan Pritzker, who will lead the new firm...
Seattle-based Coldstream Wealth Management has added Seidman Capital Group, a wealth management firm overseeing $250 million in client assets, and Hersman Serles Almond, an accounting and consulting firm, it announced Monday. Both firms are based in Kirkland, Washington, and will expand Coldstream’s footprint in the Pacific Northwest. And both were...