America’s aging population shows importance of succession planning for financial advisers, clients
The aging U.S. workforce, which has 10,000 Americans reaching retirement age daily, and less than half of financial advisers have succession plans in place.
AI technology unlikely to fully replace financial advisers: Morningstar
Generative AI and machine learning make it easier for financial advisors to research investments and make recommendations to clients, but barriers to AI replacing human advisors remain.
Make this simple move to get more return on your cash
Five-year CDs top out around 4.5% annually, nearly a full percentage point more than a 5-year Treasury note, and don’t have the purchase limits of an I Bond.
Charles Schwab nets $53B in assets, second highest March in history
In a company announcement on Thursday, Charles Schwab, a financial services and brokerage firm, said it netted $53B in assets in March to reach the second-highest mark in company history.
Gold nears record on weaker economic data
The price of gold is nearing a record as the latest JOLTS report showed job openings are down as manufacturing activity slows, weakening the U.S. dollar against the euro and pound.
Gold rush still on for 2023, precious metals outperforming market last 6 months
Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.
BlackRock's Fink asks whether 'dominoes starting to fall' after 'years of easy money'
BlackRock founder Larry Fink asked in his annual letter released Wednesday whether the "dominoes are starting to fall" after "years of easy money" due to fiscal and monetary policies.
Goldman Sachs gives strategy update at investor day
Goldman Sachs chairman and CEO David Solomon said the company made mistakes in its consumer business and would initiate other strategies to repair the issue.
Entrepreneur who fled CA rips new progressive push that may follow him to Texas: 'Fundamentally un-American’
Managing partner of 8VC and former California resident Joe Lonsdale weighed in on the state's new wealth tax on 'Fox & Friends.'
Citigroup to launch search for new wealth-management chief
Citigroup is shuffling leadership after struggling for years to keep up with JPMorgan Chase and Bank of America, hopes to improve wealth-management business.
Investors enter 2023 with a 'more cautious outlook': Lisa Erickson
U.S. Bank wealth management senior vice president Lisa Erickson says a number of macro indicators show slowing trends into the new year.
It's 'amazing' economy has remained 'resilient': Quincy Krosby
LPL Financial chief global strategist Quincy Krosby argues the Federal Reserve is 'on the path out of' inflation.
Recession possibility 'is just a question of time': Nancy Tengler
Laffer Tengler Investments CEO and CIO Nancy Tengler advises positioning your portfolio for stocks that do well in a slow growth environment.
Consumers will have 'more resilience' in 2023: Zach Hill
Horizon Investment head of portfolio management Zach Hill discusses concerns around markets and the economy in 2023.
Investors remain 'defensive, but hopeful' as Q4 wraps up: Brad McMillan
Commonwealth Financial Network CIO Brad McMillan says there are 'good trends' coming, but 'we're not there yet.'
Investors preparing for a 'big' year-end market rally: Joel Shulman
ERShares CEO Joel Shulman predicts negative GDP as the Fed is expected to slow its pace of tightening rates.
Markets will see 'a tale of two halves' next year: Sam Stovall
CFRA chief investment strategist Sam Stovall says US consumers are being 'cautious' about their purchases going into 2023.
A lot of people’s financial situations are ‘not rosy’: Patrice Onwuka
IWF Center for Economic Opportunity director Patrice Onwuka discusses the stunning drop of 13.5 trillion in household wealth this year on ‘Fox Business Tonight.’
Markets, economy look 'more negative' going into 2023: Jeff Carbone
Cornerstone Wealth managing partner Jeff Carbone predicts a recession to hit the U.S. economy in mid-2023.
Markets could 'retrace back to mid-October lows': Phil Orlando
Federated Hermes chief equity market strategist Phil Orlando argues inflation has peaked, but the Fed's decline to its target will be 'gradual.'