The financial services industry is outraged by Fidelity's recent decision to impose an annual fee on ETF issuers or charge investors a $100 service fee for buying shares of some of the ETFs on its platform. However, industry sources say the ruling is unlikely to change if RIAs are working with the custodian. Earlier this…
Read More
Netflix's financial report states that 9.33 million subscribers have joined the streaming service. Today, Netflix reported its first quarter earnings report, and there's a lot for the content giant to be happy about. The company will open the report saying “revenue increased 15%, our operating income increased 54% and our operating margin increased seven percentage…
Read More
About four dozen new ETFs were launched in March. Most are based on stocks with a small portion of bonds or other types of assets. Source link
Read More
As the conversation about AI technology and its potential risks and benefits becomes more mainstream, one billionaire is doubling down on his desire to use the technology for good to help find solutions to climate change. On Thursday, Jeff Bezos' Bezos Earth Fund announced that the organization will award $100 million in grants to groups…
Read More
The popularity of direct indexing has rose up, with assets invested in direct indexes exceeding $260 billion at the end of 2022. This approach, which involves investing in the individual securities that make up an index rather than the index fund itself, offers a unique combination of benefits. Not only is it intended to allow…
Read More
This article originally appeared on Business Insider. Meta's big language model and AI assistant are getting improvements. On Thursday, the company released the first models of the Llama 3 in two sizes, parameters 8B and 70B. They are also integrated into Meta AI, the company's AI assistant. “With this new model, we believe Meta AI…
Read More
Mariner Wealth Advisors is still waging legal battles on several fronts, with numerous cases pending in federal and state court. In one, Edelman Financial Engines is trying to stop Mariner's efforts to dismiss the case, arguing that the firm “has created a business model that drives away the investment and success of its competitors.” Connected:…
Read More
New social media app, Air chatwhich has attracted high-profile users and investors BY OpenAI Sam Altman for VC associates Jeff Fagnanit's currently a quiet departure from the usual cacophony of chatter on social media — even as it puts users' voices front and center. Airchat was first launched in mid-2023 and is still invite-only. Bloomberg…
Read More
Miracle Mile Advisors, a Los Angeles-based RIA that oversees approximately $5.7 billion in client assets, has named a new chief investment officer with two decades of analyst experience to set the firm's research agenda and oversee the construction, implementation and portfolio management strategy. Most recently with Telemus Capital, where he served as CIO from late…
Read More
Opinions expressed by Entrepreneur contributors are their own. For entrepreneurs, launching a new startup is an exciting experience. It's what we live for. One of the biggest hurdles to starting a new venture is making sure the business has enough funding to not only keep the doors open, but also to invest in future growth….
Read More