Facebook on Saturday refuted remarks made by President Joe Biden that social media platforms are “killing people” by allowing coronavirus vaccine misinformation on their services and argued that vaccine acceptance among its users has actually risen in the U.S. In a blog post, Guy Rosen, Facebook’s vice president of integrity, pointed to data suggesting that vaccine hesitancy […]
Archives for 2021
Market cap vs fundamentals: How ETF weighting strategies could impact the average investor
Exchange-traded fund weighting strategies are starting to really matter for investors. Longtime market watcher and Wharton School professor Jeremy Siegel has argued for decades that investors should consider alternatives to popular market cap-weighted funds, particularly ETFs that weigh their holdings based on fundamental factors such as earnings growth, dividends or momentum. Now, that tide is […]
Commonwealth Financial Network, LPL Financial, SEC enforcement, M&A dealmaking and other news of the week
The U.S. economy is on pace for its best year of growth in GDP in decades, according to LPL Financial’s midyear outlook. The SEC hired a team of new policy officials, and barred a jailed Morgan Stanley advisor who pleaded guilty to defrauding clients out of $6 million. Wealth management mergers and acquisitions are at […]
Real estate accounting tech company Proper raises $9M in funding – Accounting Today
Proper, a San Francisco-based provider of automated accounting and bookkeeping services for real estate property and asset managers, has scored $9 million in Series A funding from investors. Proper plans to use the extra funds to accelerate development of its automated accounting technology, build a new customer-facing platform, and hire strategic talent across all functions. […]
Fueled by M&A, Morgan Stanley’s wealth revenue surges to record $6.1B
The workplace, self-directed and retail wealth management giant that Morgan Stanley amassed through acquisitions in the past two years is humming to the tune of record revenue. After supplementing its existing wealth management unit with the purchases of employee stock and retirement plan firm Solium in 2019 and self-directed investing service E-Trade last year, the […]
Weekend Reading for Financial Planners (July 17-18)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the big industry news that Vanguard has completed its first-ever external acquisition… of JustInvest, a direct indexing platform, specifically to offer it to financial advisors using Vanguard, as even Vanguard is now placing a bet that […]
The Evolving Role of the CISO
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
Matt Gaetz’s campaign paid $20,000 to Trump crony Roger Stone’s company, which the DOJ is suing
U.S. Rep. Matt Gaetz (R-FL) looks on as he speaks to the media while former White House counsel Don McGahn appears before the House Judiciary Committee on Capitol Hill in Washington, June 4, 2021. Joshua Roberts | Reuters Florida Republican Rep. Matt Gaetz’s campaign committee has paid at least $20,000 to a company that the […]
On the move: Armanino enters NYC – Accounting Today
California-based Top 25 Firm Armanino has established an East Coast presence by opening its first office in New York City. Entertainment industry advisors Craig Manzino and Marc Rosen are joining the firm as partners at the core of the new office. They bring with them 26 professionals. The office will be at 14 Penn Plaza, […]
Dangerous Mansion Shortage Threatens America
Welcome to the seventh episode of The Compound & Friends, a new podcast from your favorite financial and investing commentators. This week, Michael Batnick, Leanna Haakons, Doug Boneparth, and Downtown Josh Brown discuss: ►Carson Group’s Billion Dollar Valuation ►Name Brand Hedge Funds ►Bank Disruption ►Debt payments collapsing as a % of earnings ►Vanguard getting into […]