InvestmentNews celebrated the crème de la crème of women advisors at the 2023 Women to Watch event at Tribeca 360 in New York City Tuesday night. Finalists flew in from across the country to toast each other’s talents, network and recognize the winners in seven categories. The ceremony was preceded...
I was just at Schwab’s Impact conference and ran into a neighbor from home who recently entered our industry. He had been a high school principal for his first career and decided to go into wealth management for a new career. As we talked, he gushed about how much he...
Hightower has announced a strategic investment in a $2.5 billion fee-only RIA firm, its eleventh acquisition of 2023 so far. With 35 years in business, Resource Consulting Group focuses on providing investment management, financial planning, and retirement planning services to high-net-worth and Learn more about reprints and licensing for this...
Young Americans are switched on about the importance of good financial management and want to talk about it earlier than previous generations. A new survey from Northwestern Mutual reveals that adult Gen Zs had their first family conversations about money when they were 15 and that’s the age most respondents...
Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell. Europe’s Stoxx 600 fell 0.1% and US equity futures traded little changed. The 10-year Treasury yields climbed by three basis points to 4.6%. West...
The team responsible for assembling BlackRock Inc.’s model portfolios is favoring the stock market’s largest companies, potentially unleashing a flood of billions of dollars into technology shares. The investing giant, one of the biggest providers of the ready-made strategies followed by asset managers and financial advisers, is “pretty overweight” on megacap tech...
As Republican legislators in the US try to wipe ESG off the map, most global investors and executives are acting as though those efforts will ultimately fail. Using environmental, social and governance metrics is now mainstream, according to 89% of investors who responded to a survey published Wednesday by Bloomberg Intelligence....
UBS Group AG has begun the sale of hotly-anticipated additional tier 1 bonds, marking its first issuance of the securities since Credit Suisse’s writedown of about $17 billion of the debt. The bank is offering two dollar-denominated perpetual tranches callable in five and 10 years, according to a person familiar...
HSBC Holdings Plc plans to offer institutional clients a custody service for digital assets such as tokenized securities, the bank’s latest move in the new area of finance. HSBC will work with Ripple Labs Inc.-owned technology firm Metaco on the safekeeping services, which it expects to go live in 2024,...
We’re approaching the “most wonderful time of the year,” with holidays stretching from Thanksgiving through New Year’s Day. If you believe the songs and Hallmark movies, people are laughing, enjoying dinners with friends, and relaxing by the fire for almost two straight months. I’d love to meet the people...