A former adviser at investment bank Morgan Stanley was one of four people arrested Thursday in two separate schemes that reportedly defrauded several current and former NBA players, according to the Justice Department. Jrue Holiday, currently a guard for the Milwaukee Bucks, as well as former players Chandler Parsons and Courtney Lee are reportedly among…
News, trends and helpful peer advice for financial advisors.
RealEats CEO Dan Wise, in an email sent to investors on March 1. CEO Dan Wise and CFO Rebecca Holderread are named as defendants in the suit, filed by the Indiana- based investment fund Real Bridge. Court papers include a list of 18 investors who combined to inject more than $2.5 million into RealEats between Sept. 29, 2022 and the end of the year.
Many advisors see the potential in social media to build their personal brands, and social selling is a powerful strategy for creating trust.
Study finds gender gap in financial, retirement security
While 41% of men say their financial situation has improved over the past year, the same holds true for only 26% of women, according to Corebridge Financial’s survey.
When it comes to investment decisions, 2 personality traits stand out, study says
Although there are five major personality traits, only two directly relate to investing style, according to a recent report.
By Tyler Cowen/ Bloomberg Opinion. With the regulatory resolution of Silicon Valley Bank, the forced sale of Credit Suisse and reports of other troubles at regional U.S. banks, the question arises whether America or perhaps the broader world will go through another major financial crisis and "Great Recession." Fortunately, the answer so far appears to be no.
Retirement is a time in your life when you can finally begin focusing on the things that truly matter. You can spend more time with family and friends, set new goals and create lasting memories. With careful planning, sound financial decisions and good advice, retirement should be a fun and fulfilling experience for everyone.
Dear Savvy Senior: I have been taking care of my elderly father for over a year and it's taking a toll on my finances because I can only work part-time. Are there any resources you know about that can help family caregivers get paid? All 50 states and the District of Columbia offer self-directed Medicaid services for long-term care.
7 steps on how to be a successful female financial advisor
Succeeding as a female advisor in today’s male-dominated financial-services industry is not a task for the faint-hearted. Two high-performing female advisors share advice for moving a practice from good to great.
Ohio's public pension systems collectively lost tens of millions of dollars invested in Silicon Valley Bank of California and Signature Bank of New York, two of the largest banks to fail in U.S. history. Last week, Ohio Public Employees Retirement System held shares in SVB worth $3.2 million and shares in Signature worth $2.2 million. The Ohio Police& Fire…
The U.S. House is expected to attempt to override the President's first veto later this week but getting the two-thirds vote necessary doesn't appear likely. The veto was for a joint resolution– H.J. Res. 30– passed by both the Republican controlled U.S. House and Democrat controlled U.S. Senate that seeks to block the Labor Department from allowing retirement…
In the brief but spectacular collapse of Silicon Valley Bank, we may just have witnessed the best banking crisis ever. Those Silicon Valley libertarians who spent years demanding that government get out of the way earned their comeuppance when they begged the Federal Reserve to save them. Most important, the Fed and the Federal Deposit Insurance Corp. got a…
The 2023 campaign, “It’s gotta be a CFP®,” will feature national broadcast and cable network television ads and includes a mix of advertising in various media channels, including streaming TV, streaming audio and digital venues.
6 steps to help clients avoid costly Medicare mistakes
When your client reaches age 64, they will begin to receive a series of “birthday gifts” in the mail. Those gifts? Marketing materials from Medicare plans. We look at how financial advisors can help their clients avoid costly Medicare mistakes.
A recent New York Times editorial titled“ Biden’ s Promises on Social Security and Medicare Ignore Financial Reality” is, alas, convincing. The president has said there will be no diminution of Social Security payments, even though the Social Security fund’ s current outgo is higher than income. While some Republicans call for Social Security reform, during the…
Fears that another interest rate hike will hasten more bank failures will loom over the Federal Reserve’ s meeting this week after a study found that nearly 200 banks are at risk of the same sort of collapse as the one at Silicon Valley Bank. And the Federal Reserve and five other central banks announced coordinated steps on Sunday to boost liquidity in their U.S….
Pandemic investors still have the fever
Although it’s been a few crazy years in the markets, investors that started early in the pandemic are still in the game, according to a FINRA study.
It is DBRS Morningstar’s view that the two significant bank failures to date, Silicon Valley Bank (SVB) and Signature Bank remain idiosyncratic and not representative of the overall U.S. banking sector.
Broker/dealer revenues continue to face headwinds as advisors escalate their preferences for passive products, avoiding the revenue-sharing payments that asset managers have depended on for so long.
‘Financial wellness’ a challenge for many Americans, study finds
While more than 9 in 10 Americans view financial wellness as important, nearly half report they do not feel financially stable, and nearly one-third have less than $500 in their emergency savings fund, according to a recent survey.