Global banking group UBS has beaten earnings expectations and beaten the record for quarterly profit in the banking sector. The Swiss-headquartered company posted its results in the early hours of Thursday morning revealing net profit of $29 billion for the second quarter of 2023, its first quarterly results since its...
Shareholders in U.S. firms saw dividends grow by 4.6% on an underlying basis in the second quarter of 2023 and by 2.9% on a headline basis including special dividends, exchange rate effects and other technical factors. Firms paid out $148 billion to shareholders with 98% of them increasing or holding...
North America is leading a global increase in investor confidence according to State Street Global Markets. The firm’s proprietary measure of sentiment and risk appetite shows a rise of 12.9 points to 103.8 in the region in August, the largest increase across global regions. Europe (up 4.3 points to 103.7)...
Stocks rose for a fourth straight day as another batch of economic reports pointed to moderation, cementing bets the Federal Reserve is approaching the end of its interest-rate hikes. The S&P 500 topped 4,500.Apple Inc. led gains in megacaps, while regional banks fell. Bloomberg News reported the Fed issued a...
Traders are abandoning the euro at pace as speculation grows the European Central Bank will struggle to tighten monetary policy further, even with inflation running far above target. Data this week showed consumer-price growth re-accelerated in Spain and France in August, but the market is betting the ECB’s cycle of interest-rate hikes...
How do you want to spend your day? These three must-read articles will showcase practical tips for changing how you spend your time and help advisors address three important aspects of their business so they can focus on what matters. Finding Time to Grow It’s safe to say that most advisors...
Of all the tasks financial advisors would like to spend less time on, administrative duties and executive leadership duties top the list. Currently, administration and executive leadership take up 17% of advisors’ time, according to the Advisor Time Use Study recently conducted by InvestmentNews Research and sponsored by Commonwealth...
Financial advisors frequently turn to technological tools to boost efficiency and drive growth—and with good reason. Nearly two-thirds (63%) of advisors say their firm’s technology saves them time, according to the Advisor Time Use Study recently conducted by InvestmentNews Research and sponsored by Commonwealth Financial Network. Technology can streamline...
Most independent advisors, especially those early in their careers, are looking for ways to grow their book of business and increase assets under management. Unfortunately, fewer than half (46%) of advisors agree that they have enough time to grow their business proactively, and some (5%) are not very confident...
Sheryl Hickerson believes so strongly in the power of networking that she decided to build her own community of women in financial services. Hickerson serves as CEO of Females and Finance, but she stumbled upon her career in financial services quite by accident. “Believe it or not, I faxed my...