A financial advisor who oversaw $175 million in client assets at Wells Fargo Advisors has affiliated with LPL Financial via is employee advisor channel, Linsco by LPL Financial, the firm announced Tuesday. Aaron Cizon will operate as Cizon Group Wealth Management of LPL Financial out of a new Linsco office...
Carson Group’s Jamie Hopkins is joining Bryn Mawr Trust as director of private wealth management, the firm’s owner, WSFS Financial Corp., announced Tuesday. Carson Group had announced last Tuesday that Hopkins, its managing partner of wealth solutions, would be leaving for family reasons at the end of the month. “We are...
Retirement savers are in better shape than last year. But they had better beware the worsening “financial vortex” that could suck them in. According to the 2023 Retirement Survey and Insights Report released Tuesday by Goldman Sachs Asset Management, more U.S. workers have increased their savings over the last year,...
In the sustainable investing world, motivating companies to do better has happened through two basic strategies: divestment and engagement — and new research shows that using elements of both can accomplish the most. That won’t be news to investment providers and advocacy groups that specialize in sustainable investing — some...
Direct indexing has risen to prominence recently, but a new report has highlighted a problem — its name. Direct indexing is an approach to index investing that involves buying the individual stocks that make up an index, in the same weights as the index. A report Tuesday from Hearts &...
Mesirow has added a high-net-worth and ultra-high-net-worth registered investment advisory firm in a deal which expands its wealth management offering. The addition is Chicago-based Front Barnett Associates, founded in 1994 and led by Marshall B. Front, Mickey MacMillan and Peter Wahlstrom, which had more than $1.2 billion in assets under...
Advisors who fail to meet the needs of diverse investors as they become more confident, are leaving money on the table. A new report from J.P. Morgan Wealth Management reveals that Black, Hispanic, and Latina women are feeling more knowledgeable about investments and retirement planning than they were five years...
The Federal Reserve is confronting a familiar nemesis as it tries to pilot the economy into a rarely-seen soft landing: rising oil prices. Surging energy costs played a role in tipping the US into recession in the mid-1970s, as well as the early 1980s and 1990s, as they drove up...
The world economy is set for a slowdown as interest-rate increases weigh on activity and China’s pandemic rebound disappoints. Growth will ease to 2.7% in 2024 after an already “sub-par” expansion of 3% this year, according to the latest OECD forecasts. With the exception of 2020, when Covid struck, that...
UBS Group Chief Executive Sergio Ermotti said the bank will give investors an outline of its growth strategy early next year and signaled the direction of plans to grow in the U.S., as the lender progresses with the integration of Credit Suisse. The Swiss lender is currently working at “full...