Opinions expressed by Entrepreneur contributors are their own. There is always a moment in every businessman's life when he glances at the clock and the to-do list and wonders where the time has gone. I had mine when I was completely engrossed in sorting through my emails, arranging my calendar, and answering customer questions. It…
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Small and medium-sized companies have long relied on banks to finance their growth. But in recent years, regulatory pressures on capital have forced companies of this size to seek alternative sources of credit outside the conventional banking system. While private equity gets most of the headlines these days, private credit has become one 1.5 trillion…
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Has Bill Gates, the sixth richest person in the world with a net worth of 163 billion dollars, do you think he is very rich? Gates avoided answering “yes” or “no” to a September episode of the Netflix series “What's next? The future with Bill GatesInstead, he declared that it was “kind of wild” that…
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Tuesday marks the first day of the final quarter of the year, and some of the largest registered investment advisers used it as an opportunity to announce deals. Mercer Global Advisors, the Denver-based RIA majority owned by Oak Hill Capital, Genstar Capital and Altas Partners, has acquired Kiely Wealth Advisory Group, a North Carolina-based RIA…
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Amazon doesn't want its employees talking to any other AI chatbot — except Cedric. A Tuesday report from Business Insider revealed that Amazon has a new in-house AI bot called Cedric that allows employees to get their questions answered and generate document summaries — without ChatGPT. Amazon made the comparison in a leaked internal document,…
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LPL Financial, the independent broker/dealer with more than 23,000 advisers, said its board of directors has fired President and CEO Dan Arnold for violating the company's respectful workplace policies. He has also resigned from the board. Rich Steinmeier, managing director and chief economic growth officer, will serve as interim CEO, effective immediately. In a statement,…
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Opinions expressed by Entrepreneur contributors are their own. When was the last time you took stock of what your business has achieved and what its legacy will be after you're gone? Understandably, most of us are caught up in the daily demands and challenges of running our company or organization while trying to manage our…
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Financial services firm Edward Jones today launched its professionally managed SMA, focusing primarily on US-based large-cap stocks. SMA will be available exclusively to customers enrolled in Edward Jones' existing UMA program. It will offer between 40 and 60 large-cap securities, mostly focused on US-based companies with a market capitalization of over $10 billion. The SMA…
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Opinions expressed by Entrepreneur contributors are their own. When you're ready to scale a business, leadership must shift from a founder-led model to a team-powered approach. A company that empowers its team includes every team member fully committed to the goals and objectives of the organization and promotes growth autonomously from the owner, founder or…
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During its investor day, Apollo Global Management, a New York-based firm with $696 billion in AUM, set out a new set of ambitious growth targets over the next five years, including growing its assets from the global wealth channel to 150 billion dollars by 2029. . “Advisors and their clients now understand that the public…
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