The SEC’s loss in court Tuesday means that the agency must go back and review Grayscale’s spot bitcoin ETF application — but don’t expect any products to come to market soon. In a ruling issued earlier Tuesday, the U.S. Court of Appeals for the District of Columbia Circuit wrote that...
A class-action lawsuit filed in Nebraska federal court accuses TD Ameritrade and parent company Charles Schwab of neglecting their responsibilities to protect customer data. In July, hackers exploited a vulnerability in MOVEit, a file-transfer system, to access sensitive information — including Social Security numbers, financial account information, dates of birth...
Baird announced that a team of three advisors has joined the firm from Zions Wealth Advisors, where they oversaw more than $500 million in assets under management. Greg Aiken, Ben Blake and Jonathon Bult have joined Baird’s wealth management office in Salt Lake City. Aiken and Blake both will serve...
A discussion of the “elephant not in the room,” in the words of one of the moderators of last Wednesday’s Republican presidential candidate debate, didn’t come until about one hour into the jousting. The elephant, of course, was frequently indicted former President Donald Trump. Most of the candidates tiptoed around...
Advisors affiliated with national firms are likely to be in demand from those whose retirement is just around the corner. Research from Cerulli Associates reveals that those within five years of retirement become ‘advisor-reliant’ and seek those professionals who can offer a strong suite of support services, becoming heavily reliant...
A new wealth management business has launched in San Juan Capistrano, California, led by two advisors who have served approximately $325 million in advisory, brokerage and retirement plan assets. Revel Private Wealth is affiliated with LPL Financial’s supported independence model, LPL Strategic Wealth Service. Founders Megan M. Stirrat, CFP, CDFA, SE-AWMA...
European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies. Miners and real estate led the advance in the Stoxx Europe 600 index after China pledged further measures to support its economy....
China’s economic outlook is showing no signs of improvement, with forecasters broadly trimming their expectations for growth, prices and trade and predicting more monetary policy easing. Economists now see gross domestic product expanding 5.1% in 2023 from the prior year, according to the median estimate in the latest Bloomberg survey....
A London-based money manager has just attached an ESG label to a bitcoin exchange-traded fund, in a move that has environmental experts doing a double take. Jacobi Asset Management says its Jacobi FT Wilshire Bitcoin ETF (BCOIN NA) is an Article 8 fund, which under EU regulations means it has to...
A Richard Mille Co. watch is a powerful symbol of wealth for anyone who’s in-the-know enough to recognize its familiar contours. The French company produces only about 5,300 a year, which cost an average of $250,000. Designed to withstand high gravitational forces, they’re worn by athletes at Formula One races, golf...