According to financial services firm Edward Jones’ survey, Relationship with Money, while 81% of Americans say they feel in control over their current financial situation, they admit a mix of emotions when it comes to their money. When asked what they would do if someone gave them $1,000, 72% of respondents said they would allocate it to short-term goals.
A former Pennsylvania stockbroker who was kicked out of the securities industry and ordered to pay millions of dollars in damages to customers he allegedly fleeced faces trial Monday on an unusual set of criminal fraud charges. Anthony Diaz was fired by five brokerages and resigned from another amid persistent customer complaints and rules infractions.
—Stocks are off to a mixed start on Wall Street after the government reported that U.S. employers eased back on hiring last month. Overseas markets were modestly higher as worries recede over the U.S.- Iranian conflict. Major U.S. indexes remained near the record highs they set a day earlier.
The passage of the SECURE Act opens new possibilities for your clients and your practice. Here is how to open the discussion with clients.
–LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced that Envestnet MoneyGuide is the newest technology solution integrated with ClientWorks Connected. Advisors who choose to use the leading financial planning software will now benefit from an enhanced experience, with data flowing seamlessly…
O.N. Investment Management Co. launched the Envestnet Insurance Exchange for its advisors. The insurance network provides access to reputable insurance carriers and their annuity products alongside traditional managed account investments on the Envestnet platform.
Barnes& Noble Education, Inc., a leading solutions provider for the education industry, today announced that its Board of Directors has retained Morgan Stanley& Co. to serve as its financial advisor in connection with its previously announced review of strategic opportunities. The Board’ s review is designed to accelerate the execution of customer-focused…
Former NBA all-star Michael Redd, best known for his tenure as shooting guard with the Milwaukee Bucks and role in the 2008 US Men's Olympic team, is joining the ADvantage Sports Tech Fund as a venture partner. ADvantage is a global sports tech fund backed by leAD Sports and OurCrowd to invest in early stage technology companies aimed at shaping the future of…
More than two-thirds of independent RIAs participating in the TD Ameritrade Institutional 2020 RIA Sentiment Survey are optimistic about the U.S. economy, and more than half expect stock prices to continue to increase. Even as RIAs see a relatively smooth road ahead in 2020, they are watching headlines on the U.S. economy, corporate earnings and trade for…
–According to the new Financial Wellness Survey from KeyBank, 75% of consumers consider themselves financially savvy, with 41% stating they're savvier than most or consider themselves an expert when it comes to personal finance. Despite this, more than half admit they have made a financial “faux pas”— referring to a money “false step” or error— and impulse buying…
The yield curve was relatively flat at the end of 2018 and then inverted in 2019, with the interest rates for the 10- year Treasury lower than the shorter-term maturities such as the 3- month Treasury. An inverted yield curve often proceeds a recession as the Federal Reserve is pushing the target federal funds rate higher.
