The US IPO will give the Canadian financial conglomerate another method to pay for its purchases of registered investment advisers, says CEO Kurt MacAlpine.
Commodities could head into record territory should investors boost their allocation to raw materials at a time of rising inflation.
President Joe Biden plans to nominate Jaime Lizarraga, a senior adviser to House Speaker Nancy Pelosi, and Mark Uyeda, who has spent a chunk of his career at the SEC.
Officials proposed shrinking the Fed’s balance sheet at a maximum monthly pace of $60 billion in Treasuries and $35 billion in mortgage-backed securities.
Many provisions in the House Education and Labor Committee bill have only Democratic backing, which reduces their chances of being part of a bigger retirement savings measure later this year.
The steady flow of PE money into wealth management illustrates the bullish outlook for the industry's fee-based revenue streams.
The broker, Marianne O'Shee Smith, a 34-year veteran of the securities industry, used $45,100 she had received from three customers, all senior citizens.
Gary Edmonds, Andy Chang are joining the firm's Linsco employee-broker unit in Washington, DC.
Stace Hilbrant, managing director of Wilmette, Illinois-based 401(k) Advisors, will join Hub.
Hatton Consulting is a Phoenix-based wealth management firm that was founded in 1999.
The prospect of aggressive Fed action propelled the benchmark 10-year Treasuries back into ranges seen in 2018 and 2019.
Black Americans increasingly turn to newer types of assets, like cryptocurrency, that are less likely to be associated with structural discrimination, according to a study from Ariel and Schwab.
The senator expresseed concern that the proposal would unfairly burden carbon-intensive energy companies.
The deal pushes Millennium up to 5 million individual client accounts and $47 billion of total assets under administration.
Over the first three months of 2022, the RIA aggregator announced six acquisitions of wealth management firms with close to $5.7 billion in AUM.
The Federal Reserve banned the former bank employees for fraudulently obtaining loans designed to provide economic relief to small businesses during the pandemic.
While the financial planning industry clings to the more lucrative asset-based fee model, a steady push toward flat fees is gaining steam.
The settlement, filed in U.S. District Court for the District of Minnesota, relates to the 401(k) plan's use of the bank's own offerings.
Tedstrom Wealth and I.M. Wealth Care are both in the Denver Area and add $381 million in assets to Merit.
Amid the current market volatility, advisers should recognize that using value-at-risk models to assess portfolio risk is not a foolproof approach.
