Considering remote working from overseas? Join the growing segment of untethered persons: In the US alone, 17.3 million Americans, 11% of the workforce, now identify as digital nomads—traditional jobholders and independent workers — an increase of 2% from 2022, according to the August 2023 report from U.S. workforce management company MBO Partners. Another...
Morgan Stanley’s Guy Metcalfe, who helped build out the bank’s real estate banking business, will retire after 33 years at the firm. Metcalfe, 56, had been chairman of the unit and was involved in transactions totaling more than $850 billion, according to an internal memo disclosing his departure. His presence...
Two years after selling $11.4 million worth of wine from his cellar, the Taiwanese billionaire Pierre Chen is set to sell an even bigger tranche starting this fall. Some 25,000 bottles, worth an estimated $50 million, will go to auction at Sotheby’s in five dedicated auctions over the next 12 months....
In a significant ruling, Judge Arthur Engoron determined Tuesday that Donald Trump and his real estate company had deceived financial institutions, insurers and other entities by drastically inflating asset values and misrepresenting his net worth in official documents meant for deal-making and obtaining financing. The ruling emerged from a civil...
JPMorgan Chase & Co. reached settlements with former executive Jes Staley and the U.S. Virgin Islands over ties to Jeffrey Epstein, as it seeks to end its legal woes over its banking relationship to the deceased pedophile. The biggest U.S. bank tentatively agreed to pay $75 million to the U.S....
Wealthspire Advisors, a registered investment advisor owned by insurance broker and retirement consultant NFP, said Tuesday that it had made its most significant acquisition since 2019 with the purchase of GM Advisory Group Inc., an RIA that manages about $3 billion of client assets and advises on another $3.3...
The recipe for success in the registered investment advisor space is clear: Attract the best advisors in the country to join a strong, efficient firm. While that straightforward approach only involves a few steps, the strategy becomes complicated when you consider that most of the best advisors strive to...
A team of five financial advisors who managed more than $500 million in assets at Merrill Lynch has joined Raymond James’ employee advisor channel, Raymond James & Associates, the firm announced Tuesday. The advisors, who will operate as Meyer Rotolo Wealth Management of Raymond James in Slidell, Louisiana, are John...
Edward Jones has a new advisor utilizing its technology capabilities and home office support in Albuquerque, New Mexico. Financial advisor Andrew Furste joins the firm from Charles Schwab where he spent 14 years and managed more than $289 million in client assets. He previously served in the U.S. Military. “Edward Jones...
With household finances under pressure, some American families are finding medical expenses one bill too much, or even foregoing medical care altogether. A poll of 1,000 U.S. adults reveals that two-thirds (67%) said that inflation is making it harder to pay medical bills in 2023, up 10 percentage points from...