Institutional investors managing at least $100 million are facing some significant challenges in the current market and economic environments, but what are their main focuses? A survey of investment decision makers for endowments and foundations reveals weakened sentiment on portfolio performance with just 19% saying they are “very confident” in...
When it comes to managing family wealth, conversations between generations is generally considered a positive step, but not always. Discussing potential inheritance and planning how and when that should happen can help prepare heirs and avoid misunderstandings, with advisors seeing better outcomes for those that do, but a new study...
Any year-end rally in stocks could prove short-lived because equities don’t fully reflect the outlook for rates remaining higher for longer, according to Jean Boivin, who heads the research arm at BlackRock Inc. Treasury yields have climbed to multi-year highs as investors prepare for an extended period of tightened Federal...
Hedge funds extended short positions on Treasuries to a record just before smaller-than-expected US bond sales and weaker jobs data spurred a rally. Leveraged funds ramped up net short Treasury futures positions to the most in data going back to 2006, according to an aggregate of the latest Commodity Futures Trading...
Bankers servicing one of the world’s biggest ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations that may be ahead. In the handful of years they’ve existed, sustainability-linked loans have mushroomed into a $1.5 trillion market. SLLs let borrowers and lenders say that a loan...
A big theme in the retirement savings world next year will be emergency savings accounts. Starting in 2024, a provision of the Secure 2.0 Act kicks in that allows employers to add emergency accounts alongside their 401(k) plans. Those Roth-style accounts will be able to hold as much as $2,500...
Finra arbitrators rarely reveal the reasoning behind their decisions. But this week, a panel went into unusual detail to explain to Latin American victims of a Ponzi scheme why they won’t be able to collect damages against a major brokerage. More than 100 claimants, most of them from Ecuador, filed...
Normann Financial has found a new home at Captrust Financial, both companies announced Friday. Sanford, North Carolina-based Normann Financial Group currently manages more than $1.3 billion in assets. Kel Normann started at Interstate Securities in 1986, which merged with Johnson Lane in 1988; that firm became Wachovia Securities, which merged with...
In an increasingly chaotic world, more clients are asking their advisors to have a little faith. ESG may have dominated the headlines, but faith-based investing has steadily — and quietly — been on the rise, according to a number of faith-based advisors contacted by InvestmentNews. Chris McMahon, CEO of Aquinas...
Raymond James Financial Inc. this week said that the president of its independent contractor division, Jodi Perry, has been promoted to the newly created role of national head of advisor recruiting. She officially starts her new position Jan. 1, according to a statement from the company. Shannon Reid,...