The independent wealth management space continues to evolve rapidly as firms look to address the changing needs of financial advisors and clients. In a consolidating industry, where traditional business models and corporate structures may no longer be sufficient to drive sustained growth, all businesses, no matter the size, may...
Bonds are looking attractive right now and are set to be a shining light in 2024, according to a new outlook from portfolio managers at Pimco. Erin Browne, Emmanuel Sharef, and Geraldine Sundstrom have shared their Asset Allocation Outlook with InvestmentNews and their belief that bonds have rarely been as...
The team at technology-centric wealth management firm Farther is celebrating strong growth despite challenging conditions. Assets under management increased 2.4x between April and September 2023 to a total of $1.6 billion. It says that the rapid growth makes it one of the fastest venture-backed w Learn more about reprints and licensing...
The US will lead a push at the COP28 climate summit to triple the amount of installed nuclear power capacity globally by 2050, marking a major turnaround for the controversial technology at the climate negotiations. The declaration will call on the World Bank and other international financial institutions to include...
The US and China, the world’s biggest polluters, vowed to step up joint action to tackle climate change in a revival of collaboration that’s likely to offer crucial momentum for UN talks in Dubai opening later this month. Both nations will back global efforts to triple renewable energy capaci Learn more...
The buy-everything wave that just swept across global markets has bypassed Bitcoin, which is down about 3% since a soft US inflation print rolled across trading screens and stirred a bout of wider risk taking. The drop since the US data were published on Tuesday morning compares with a 2%...
The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, from its $68 billion international fund, amid rising tensions between the world’s two largest economies. The $771 billion Federal Retirement Thrift Investment Board said it will sw Learn more about reprints and licensing for...
The SEC took the most enforcement actions for violations of securities laws in four years during its latest fiscal year and ordered the second-highest amount of money related to those actions in history, the agency announced Tuesday. The Securities and Exchange Commission filed 784 enforcement ac Learn more about reprints and...
Stocks climbed while bond yields sank as an unexpected slowdown in inflation bolstered bets the Federal Reserve’s aggressive hiking cycle is now over — and the next move will be a cut in mid-2024. More than 95% of the S&P 500 companies rose, with the gauge up about 2%. Tesla...
It’s a prospect base advisors know all too well – clients’ children – and one whose business is not easily earned, so much so that many professionals don’t really try. Less than one in five affluent investors say they work with their parents’ financial advisors, according to data published Tuesday...