For the last couple of years, women have been making significant strides in the financial advice industry. InvestmentNews’ upcoming Women Advisor Summit will celebrate those women who dominate their respective firms and are paving the way for others. When it comes to being a successful woman, Haleh Moddasser says failure is...
Three advisors who managed more than $1 billion in advisory and retirement plan assets at Fifth Third Private Bank have joined LPL Financial’s employee advisor channel, Linsco by LPL, the firm announced Monday. The trio are launching PB FAM Private Wealth in Atlanta. Raanan Pritzker, who will lead the new firm...
Seattle-based Coldstream Wealth Management has added Seidman Capital Group, a wealth management firm overseeing $250 million in client assets, and Hersman Serles Almond, an accounting and consulting firm, it announced Monday. Both firms are based in Kirkland, Washington, and will expand Coldstream’s footprint in the Pacific Northwest. And both were...
Technology is playing an increasingly important role in wealth management and financial planning, and combined with a great human advisor it is a potent mix. But for financial planners there’s one area of technology that has mutual benefits for clients and planners, according to a new study from the Financial...
Goldman Sachs Asset Management and Canadian DB pension plan OMERS will jointly invest in private credit opportunities in Asia Pacific having established a new partnership. The separately managed account will be managed by the private credit Asia unit of Goldman Sachs with a dedicated team in the region, part of...
The wealthiest individuals and families in the U.S. are demanding more from their family offices, including more wealth and investment management, which is driving higher incentives for the best talent. The latest biannual compensation report from Morgan Stanley’s single family office advisory group reveals that 94% of staff in family...
An against-the-odds deal to avert a U.S. shutdown is soothing nerves across Wall Street after a week of interest rate-spurred market disruptions. While money managers largely shrugged off the political circus in Washington, the passage of compromise legislation to keep the government running until Nov. 17 gives financial markets some breathing room...
US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc. They say the selloff has led to historically cheap valuations for the tech stocks at a time when earnings estimates are still rising....
Office prices in the U.S. are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey. About two-thirds of the 919 respondents surveyed by Bloomberg believe that the U.S. office market will only rebound after a severe collapse. An even...
The third quarter was a story of dashed hopes in emerging markets, with the unraveling of some of the most profitable trades in the asset class. A stronger dollar and surging US yields, combined with China’s economic woes, brought it all to a head. Emerging-market stocks just posted their worst...