We’ve all seen the heart-stopping headlines flooding our newsfeeds during recent years as we navigate a digital environment of constant information overload. The financial industry is not immune to the effects, but financial advisors can help ease client worries by deploying smart tactics that manage risk while decreasing volatility,...
When you’re the world’s largest asset manager, with close to $10 trillion AUM, you have to expect some highs and lows. BlackRock has been charged by the SEC for failing to accurately describe investments in the entertainment industry and has agreed to pay $2.5 million to settle the case. The...
LPL Financial’s employee advisor channel Linsco is opening a new office in Santa Barbara, California, after attracting a $200 million AUM advisor from Stifel. Financial advisor Tyler B. Powell has more than 15 years of industry experience and built his practice through networking and referrals, leading him to search for...
US equity-index futures dropped after Microsoft Corp. and Google’s parent Alphabet Inc. delivered a mixed picture of big tech earnings. Contracts on the Nasdaq 100 sank 0.6% and those on the S&P 500 were down 0.4%. Alphabet fell more than 7% in premarket trading after its cloud unit reported a...
The war between Israel and Hamas is adding more tension in a world already riled with unrest, according to the head of the International Monetary Fund. “What we see is more jitters in what has already been an anxious world,” IMF Managing Director Kristalina Georgieva said at the Future Investment...
Top US banking regulators have updated decades-old rules that are meant to tackle redlining and boost lending to lower-income areas. Under Tuesday’s plan, the landmark 1977 Community Reinvestment Act will for the first time cover online and mobile banking services. That means the grades that regulators give firms for lending...
Beijing has pumped a record amount of short-term cash into its financial system to shore up lending in recent days, only to elicit a refrain familiar to China watchers this year — not enough, more required. Signals in the money market show traders expect borrowing costs to remain elevated for the...
Hui Ka Yan has already lost his freedom. Now, China Evergrande Group’s founder is no longer a billionaire. Hui’s net worth has fallen to $979 million, according to the Bloomberg Billionaires Index, with shares of his debt-laden real estate firm trading at just HK$0.24 (3 cents) each. Shares of China Evergrande...
The contracts are signed, the champagne glasses have been clinked, and the deal to sell your RIA is done. Still, an owner of a registered investment advisor may have lingering doubts about selling his or her firm. But there are ways to avoid pitfalls, mishaps and selling to the...
Earlier this year, psychiatrist and author Gregory Scott Brown published an article on meaningful living. He shared research showing that people who were more optimistic for the future and focused on fulfillment instead of happiness were better off than others whose emotions were tied to day-to-day events. In his...