Financial planner Brenda Morris and nearly all her clients have something in common: They avoid eating, wearing or using anything that comes from animals. Morris and her Virginia-based firm Humane Investing have found a niche with vegans. For decades, there’s been a growing movement of consumers who avoid animal products. But...
TIAA has overhauled the senior leadership of its wealth management business. The New York City-based financial services firm has added six new leaders, all coming from other firms. Four of them will join the wealth distribution team, while the other two will be a part of the wealth chief operating...
This week, one of the hallmark events centered on curbing global warming — NYC Climate Week — convened sustainability experts and evangelists from around the world in one place. The event, which coincides with the United Nations General Assembly, has become a must-attend occasion for people in the field, mixing...
The Securities and Exchange Commission said Friday that it had reached a $50,000 settlement with a small firm in Oshkosh, Wisconsin, Carl M. Hennig Inc., for violating Regulation Best Interest from June 2020 to the start of this year and for falling short in its procedures and policies concerning...
Tom Nides, one of Wall Street and Washington’s most connected executives, is joining Wells Fargo & Co. as vice chairman as the firm continues to work its way past years of scandal. The former U.S. ambassador to Israel will start at Wells Fargo next month and report to Chief Executive...
The prospect of U.S. interest rates remaining elevated for longer than expected has sparked a readjustment for investors. This week’s Fed decision to hold its target federal fund rate to a 5.25-5.50% range may be followed by another hike before year-end, but it’s the signal rates may stay above 5%...
An advisor team has jumped ship from Citi Private Bank to J.P. Morgan Private Bank having overseen more than $2 billion in client assets. The trio – Olive Goh, James Harding, and Jorge Valcarcel – has more than six decades of combined experience and will report to Tim Howell, managing...
Investors hoping to make a quick profit from home flipping have found conditions challenging in the last year or so, but things are starting to improve along with the broader housing market. New stats from real estate data specialists ATTOM reveals that investor profits and profit margins both increased in...
Hedge fund billionaire John Paulson used a sham purchase of a luxury penthouse apartment in Puerto Rico to improperly enrich himself by $10 million at the expense of his family trust, his wife claims in a suit accusing him of hiding billions of dollars in assets during their divorce. Jenica...
China is considering relaxing the rules that cap foreign ownership in domestic publicly traded firms, people familiar with the matter said, as it seeks to lure global funds back to its $9.4 trillion stock market. Authorities are pondering policy tweaks to boost overseas ownership in stocks listed in Shanghai, Shenzhen...