It was good to see a new Financial Planning initiative this week to reach the so-called TikTok generation. Cheshire’s Equilibrium Financial Planning is launching a ‘lighter touch’ Financial Planning service for younger clients, those in their 30s and 40s beginning to accrue some wealth. The service will not bridge the advice gap but it […]
Bankman-Fried sentenced to 25 years over FTX collapse
The lengthy sentence marks a final chapter in a controversy that has captivated and overshadowed the crypto industry.
Number of DB transfers falls to lowest level in 6 years
Pension transfer activity fell to its lowest level in over six years in February, according to the latest data from pensions consultancy XPS. XPS’s Transfer Activity Index fell in February to an annualised rate of 15 in every 1,000 members transferring their benefits to alternative arrangements. This is the lowest level of activity seen since […]
Ask an advisor: Our baby is coming with a windfall. How should we invest?
A mother-to-be in Maine is expecting not only a baby but a generous gift from her father-in-law. How should she make the most of it?
Navigating spot bitcoin ETFs, and capturing benefits from more traditional funds
After the SEC approved 11 bitcoin exchange-traded funds in January, clients may have more interest in the asset, but still have plenty of questions and concerns.
Crash or land: The Fed holds tight and Wall Street rejoices
The central bank is holding fast to its plan for three rate cuts, even as inflation remains stubborn. But is a soft landing still likely?
Lawmakers question Biden budget as tax experts plan ahead
The Senate Finance Committee held a hearing to discuss the Biden administration’s recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.
Morgan Stanley alts head: Up to 25% of portfolios could be in private markets
Alison Nest says wealth managers can play a particularly useful role in helping investors navigate the intricacies of private equity, private credit and similar investments.
Exiting Raymond James CEO made firm ‘fifth wirehouse’
Paul Reilly is scheduled to hand the reins to his chief financial officer Paul Shoukry next year.
Beware, boasters: SEC challenges firms’ extravagant AI claims
Regulators contend two firms falsely advertised themselves as the first to apply artificial intelligence to investment recommendations.