There’s a shift towards a non-AUM fee model for advisory services, according to financial planning workflow platform AdvicePay. The firm, founded in 2018 by financial advisors Michael Kitces and Alan Moore, has just surpassed 1 million financial planning fee transactions on its platform and says that reflects demand for non-AUM...
BlackRock Inc.’s Larry Fink and Stephen Schwarzman of Blackstone Inc. were among the top US executives seated at President Xi Jinping’s table at an exclusive dinner in San Francisco, where the Chinese leader pitched his nation as a positive force for world peace. Prominent business chiefs at the top table...
Oil fell as an increase in US inventories added to market sentiment over weaker demand and steady supplies. West Texas Intermediate declined toward $76 a barrel after losing 2% in the previous session, while global benchmark Brent traded below $81. US Energy Information Administration data on Wednesday confirmed that crude...
Bonds from emerging Asian nations are set to lag global peers despite a rally in Treasuries. That’s because a 30-day correlation of emerging Asia bonds to Treasuries show the two asset classes are detached, while the same gauge for Latin American bonds and US debt show the two are more...
The global economic slowdown is starting to weigh on corporate efforts to achieve climate goals. Some 40% of heavy industrial companies worldwide say they’re unable to invest further in decarbonization due to the current environment, according to new research by consultant Accenture Plc, which surveyed 1,000 executives. Almost two-thirds indicated their...
CEO pay at many of the biggest companies in the U.S. has snowballed over the past decade to levels hundreds or even thousands of times higher than median salaries — and in a lot of cases, the higher compensation isn’t reflected in financial performance. That applies to the financial services...
House legislation to fund the Department of Labor contains provisions to kill the agency’s proposal to raise investment advice standards for retirement accounts, but the effort to scuttle the regulation faces strong opposition from Democrats. While the financial industry is trying to stop the p Learn more about reprints and licensing...
After two acquisitions so far this year, AlTi Global Inc., the giant registered investment advisor that targets wealthy clients, continues to see potential mergers and acquisition targets on the horizon. With $68 billion in client assets, AlTi Global has had a busy year. Since its merger wit Learn more about...
InvestmentNews' inaugural 5-Star Fund Providers and 5-Star Research Platforms is now open. How will you rate your fund providers and investment research platforms? By taking a few minutes to complete the surveyy,you’ll be helping financial and investment professionals make better-informed de Learn more about reprints and licensing for this article.
LPL Financial Wednesday announced the launch of LPL Private Wealth Management, an affiliation program for advisors catering to high-net-worth clients. LPL currently serves approximately $130 billion in high-net-worth assets under management, according to the company, offering resources such as a Learn more about reprints and licensing for this article.