Investors in thematic funds have an ever-increasing range of funds to assist diversification and there are now new funds focused on royalty companies and cancer treatments. Tema ETFs has launched the actively managed Tema Global Royalties ETF and the Tema Oncology ETF, claiming the only ETFs of their kind to...
Many advisors and their assistants have had the following experience: A long-time client calls with a question or, when responding to a call, somehow seems “off” and not as focused as usual. Maybe it’s a bad day, but the next call results in the same unsettling feeling that something...
August is turning out to be chaos for emerging markets. Bonds and stocks from developing economies are poised for their worst monthly losses since last September after Nigeria’s central bank revealed it has less reserves than estimated, an outsider won primaries in Argentina and a presidential candidate was assassinated in...
Hedge fund manager Vivek Ramaswamy has been climbing the presidential polls, thanks in part to his corporate successes. Before his bid for the Republican nomination, where he’s now ranked third after Donald Trump and Ron DeSantis, Ramaswamy established and led a pharmaceutical venture, Roivant, which went public in 2021. He...
It’s not just a ball of confusion when it comes to long-term care insurance. It’s one massive ball pit and Americans are drowning in it. It’s time for the financial advisor community to literally play lifeguard. According to the annual Nationwide Retirement Institute long-term care survey conducted in partnership with Limra...
The Roth IRA is the ultimate financial gift for retirees and their beneficiaries. Roth individual retirement accounts have no lifetime required minimum distributions, so you’ll never have to worry about paying higher future tax rates on those funds. In retirement, you can withdraw whatever you wish tax-free. That will keep...
The ongoing bitcoin bear market has been difficult for cryptocurrency entrepreneurs like Tyrone Ross, but it hasn’t been enough to slow him down. Bitcoin is down more than 60% since it reached a high point in November 2021, and the broader cryptocurrency market has been plagued by bankruptcies, scandals, criminal...
The American Federation of Government Employees is backing President Biden’s nomination of former Maryland Gov. Martin O’Malley to be the next commissioner of the Social Security Administration. The AFGE SSA General Committee voted unanimously this week to endorse O’Malley’s nomination. The committee manages AFGE councils representing SSA employees in field...
The Securities and Exchange Commission is poised to allow the first exchange-traded funds based on Ether futures, a major win for several firms that long have sought to offer the products. The regulator isn’t likely to block the products, which would be based on futures contracts for the second-largest cryptocurrency,...
What does it mean to get older? And what does retirement mean to Americans in 2023? A new study on perceptions of aging and longevity reveals that the median age that is considered “old” today is 80, with 79% of over 50s saying that older adults are more active than...