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Healthcare shocks could cost retirees dearly, warns study
NEWS RETIREMENT PLANNING FEB 21, 2025
Healthcare shocks could cost retirees dearly, warns study

Data analysis reveals how long-term care and medical shocks impact Medicaid enrolment, household wealth, and out-of-pocket medical expenses among retirees.

By Leo Almazora
Trump Media takes finance ambitions further with investment fund
NEWS MUTUAL FUNDS FEB 21, 2025
Trump Media takes finance ambitions further with investment fund

The parent company of Truth Social said it will look for companies set to benefit from the "growing America First Economy."

By Bloomberg
Government efficiency effort set to hit more than 6,000 jobs at IRS
NEWS TAX FEB 21, 2025
Government efficiency effort set to hit more than 6,000 jobs at IRS

The plan to downsize the federal tax agency's workforce will largely impact Biden-era hires, according to an inside source.

By Leo Almazora
Texas gives thumbs up for state-registered RIAs to use online reviews
NEWS PRACTICE MANAGEMENT FEB 21, 2025
Texas gives thumbs up for state-registered RIAs to use online reviews

The decision fixes a longstanding inequality between local advisors and their federally registered counterparts, according to one advocate.

By Leo Almazora
European stocks are finally leading. Should financial advisors follow?
NEWS RIAS FEB 21, 2025
European stocks are finally leading. Should financial advisors follow?

Wealth managers offer their investment outlooks on newly resurgent European stocks.

By Gregg Greenberg
Coinbase says SEC is ready to drop enforcement case
NEWS ALTERNATIVES FEB 21, 2025
Coinbase says SEC is ready to drop enforcement case

The crypto exchange giant says the dismissal, which is still pending approval, would "right a major wrong" and pave the way for constructive rulemaking.

By Leo Almazora
Wall Street is hawking ETFs that ape the private equity boom
NEWS ALTERNATIVES FEB 21, 2025
Wall Street is hawking ETFs that ape the private equity boom

With private asset ETFs still awaiting regulatory approval, opportunistic issuers are continuing to crank out products that promise the next best thing.

By Bloomberg
Lower-grade debt a hot area for CLO ETFs, asset managers say
NEWS ETFS FEB 21, 2025
Lower-grade debt a hot area for CLO ETFs, asset managers say

The AAA-rated collateralized loan obligation ETF space is getting crowded. ETF sponsors have been building out products focused on lower credit ratings, with the potential for higher yields.

Wealth firms eye tech, AI to drive growth in 2025
NEWS PRACTICE MANAGEMENT FEB 21, 2025
Wealth firms eye tech, AI to drive growth in 2025

Report finds three-fifths of leading executives prioritize improving data analytics and customer engagement, but costs and data security pose concerns.

By Leo Almazora
Wealthy Americans buck a wider trend on savings intentions, but that may change
NEWS INDUSTRY NEWS FEB 21, 2025
Wealthy Americans buck a wider trend on savings intentions, but that may change

US retailers may face additional challenges as consumer spending eases.

By Steve Randall
It turns out most people don't think real estate is the best long-term investment
NEWS INDUSTRY NEWS FEB 21, 2025
It turns out most people don't think real estate is the best long-term investment

New report also reveals which asset makes people uncomfortable.

By Steve Randall
Trump ramps up tariff cheerleading with $4.5T tax cuts at risk
NEWS INDUSTRY NEWS FEB 21, 2025
Trump ramps up tariff cheerleading with $4.5T tax cuts at risk

Evidence that tariffs will generate revenue is key to Congress agreement.

By Bloomberg
What is the 'Mar-a-Lago Accord' and why is Wall Street taking notice?
NEWS INDUSTRY NEWS FEB 21, 2025
What is the 'Mar-a-Lago Accord' and why is Wall Street taking notice?

Trump is likely to take aim at financial system status quo says Jim Bianco.

By Bloomberg
BlackRock resumes talks after digesting new SEC guidelines
NEWS INDUSTRY NEWS FEB 21, 2025
BlackRock resumes talks after digesting new SEC guidelines

Asset manager paused investment stewardship meetings last week.

By Bloomberg
Houston, we have a problem: NASA is latest in line for Musk cuts
NEWS INDUSTRY NEWS FEB 21, 2025
Houston, we have a problem: NASA is latest in line for Musk cuts

Billionaire boldly goes where he sees potential federal cash savings.

By Bloomberg
Vermont selects Vestwell to administer 529 savings program
NEWS INDUSTRY NEWS FEB 20, 2025
Vermont selects Vestwell to administer 529 savings program

Building on existing partnerships in auto-IRA and disability savings, the deal solidifies the fintech platform's role supporting investors in the state.

By Leo Almazora
Billionaire Perot cites 'big concern' on Trump tariff threats
NEWS INDUSTRY NEWS FEB 20, 2025
Billionaire Perot cites 'big concern' on Trump tariff threats

The second-term president's "inflationary and confusing" pronouncements notwithstanding, the Texas real estate tycoon and longtime Republican backer said he feels no voter's remorse.

By Bloomberg
LPL amps up alts capabilities with new centralized platform
NEWS ALTERNATIVES FEB 20, 2025
LPL amps up alts capabilities with new centralized platform

The broker-dealer behemoth is addressing demand from high-net-worth advisors and investors with a new partnership, while deepening its collaboration with SS&C and iCapital.

By Leo Almazora
Finra bars ex-Morgan Stanley broker previously charged with mail fraud
NEWS BROKER DEALERS FEB 20, 2025
Finra bars ex-Morgan Stanley broker previously charged with mail fraud

According to his BrokerCheck report, Roger A. Gallagher was charged last August with two felony counts and he pleaded not guilty to both.

By Bruce Kelly
Fidelity strengthens ETF portfolio focus with new suites
NEWS ETFS FEB 20, 2025
Fidelity strengthens ETF portfolio focus with new suites

The investing giant's newest model portfolio offerings blend active, passive, and third-party ETFs to target a range of risk and asset allocation profiles.

By Leo Almazora