by Kendra Pierre-Louis, Eric Roston and Zahra Hirji The floods, heat waves, storms and fires fed by global warming are getting worse across the US and will pose increasing danger to Americans unless greenhouse gas emissions are cut sharply and swiftly. The tools to do that are available today and are being adopted...
One of the most controversial numbers in financial planning, 4%, is back — but the “rule” that follows it less so. On Monday, Morningstar Inc. published research showing that 4% is the “highest safe starting withdrawal rate for retirees,” as there is a 90% probability they will still have money...
A father-son team of advisors who had managed $180 million in assets at Ameriprise Financial has joined LPL Financial’s employee advisor channel, Linsco by LPL Financial, the firm announced Monday. Anthony S. Zambri and his son, Anthony V. Zambri, are launching Zambri Financial in Melville, New York. They’ll be the...
With health care costs skyrocketing over the past several years, it’s no surprise employers and employees are turning their attention to health savings accounts. A recent study from the Plan Sponsor Council of America shows that HSAs are continuing to gain in popularity and explores trends in how these accounts...
Several advisors recently spoke about what it takes to lead a purposeful business and how amplifying their impact provides a strong advantage to their firm. As it turns out, there are lots of ways to do so. “When purpose is a key driver and not just profits, the focus shifts from...
A mere 14% of American voters currently believe that their financial situation has improved since President Joe Biden took office, raising concerns about the potential repercussions for his re-election prospects. A recent poll reveals that approximately 70% of voters perceive the president’s economic policies as either detrimental to the...
Mariner Wealth Advisors has announced a substantial acquisition that will provide it with enhanced streams for growth. The addition of Baystate Wealth Management, based in Boston, Massachusetts, adds $1.8 billion AUM but also expands Mariner’s capabilities in outsource investment management for financial advisors, one of Baystate’s key service provisions along...
As a new year approaches, people will once again commit to improve their lives and achieve new goals, but is there value for investors beyond the ‘New Year, New You’ bounce? Two recent reports suggest that people are investing more in themselves with improvements in their wellbeing and their skills,...
Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start. The central bank will start cutting rates in June 2024, then again in September and every meeting...
The US fiscal position is on an “unsustainable trajectory” due to a lack of political will to resolve the crisis at a time when debt costs are soaring, former Federal Reserve Bank of New York President Bill Dudley said. “The situation is going to get worse because the government’s debt...