In the socially distanced Covid-19 world, parties have moved online. When the Mumbai-based Nangalias celebrated their 25th wedding anniversary in end-May, it was a three-day online affair complete with a Bollywood night, Housie, sangeet, live musicians, bhajans and a cocktail party, where 150-plus friends and relatives logged in daily from across the globe to join […]
Archives for June 2020
Hospitality firm takes Oyo to court
A Delhi hospitality firmPearl Hospitality & Events has taken Oyo Hotel & Homes to court for reneging on their contract and refusing to pay the amount Oyo allegedly owes for exiting the property before the expiry of the lock-in period. Court documents show the Delhi HC issued a notice last week to Oyo to respond […]
Anti-Covid-19 products flying off GeM shelves
Covid-19 prevention goods are flying off the shelves of the Government e-Marketplace (GeM), the government’s e-procurement portal, with sales to the tune of ₹400 crore so far. The state governments of Uttar Pradesh and Delhi are on the forefront, making maximum such purchases from the portal worth ₹105 crore and ₹75 crore, respectively. This includes […]
Are advisors in the dark about non-transparent ETFs?
While non-transparent ETFs will likely entice more active managers into the exchange-traded market, there remain obstacles to financial advisors embracing them. First hurdle? They don’t know them. “It’s an interesting concept,” advisor Tim Ellis says of the new ETF model. But Ellis, who sits on the investment committee at Memphis-based RIA Waddell & Associates, says […]
Tesla safety boss tries to calm factory workers, some are concerned about lax coronavirus precautions
Tesla’s safety leader Laurie Shelby sent an e-mail to employees who work at its Fremont, California, vehicle assembly plant on Thursday to assuage their concerns about new infections among employees. However, some employees say that despite Shelby’s email, they remain worried about infections and lax safety precautions in Fremont. In the internal communication, which was […]
Podcast: Tips to help your clients identify fraud during COVID-19
Losing money or property to fraud can be devastating. While scammers’ exploitation tactics are familiar, the pandemic may lead to an increased likelihood that your clients will fall for them. In this episode, learn about coronavirus specific fraudulent schemes that you can share with your clients. Erin Scheithe with the Consumer Financial Protection Bureau answers […]
Weekend Reading for Financial Planners (June 13-14)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with a hard look at the current state of advisor technology surveys, and the challenging question of which survey(s) advisors can and should even trust as an indicator of industry trends (and which are not sampling enough […]
Merrill’s new advisor workstation underscores wirehouses’ big technology advantage
In the battle to control financial advisors’ desktop, integration is a key weapon. Custodians, broker-dealers, advisor networks, fintech vendors and even asset managers are investing in digital dashboards that tightly connect advisors’ various tools in a single location. Wirehouses are often left out of the discussion, dismissed for having out-of-date legacy systems, mandating which technology […]
Robinhood users’ favorite stocks roar back after selloff
NEW YORK (Reuters) – Shares of airlines, cruise lines and other companies that have been popular with investors on the Robinhood trading app shot higher on Friday, a day after stocks suffered their worst one-day market rout in about three months. American Airlines Group Inc and Delta Air Lines Inc were up about 16% and […]
Mega-rich urged to unleash $121B for desperate charities
Billionaires are getting a clear message from nonprofits, lawmakers and even other billionaires: Many of you already got tax breaks for giving away your money. Now, amid the pandemic and recession, it’s time to ensure cash actually gets to charities quickly. For the past several years, wealthy Americans have poured billions of dollars into donor-advised […]