With the passing of another defined contribution holder, the only surprising aspect of Voya's deal to buy OneAmerica's pension division was the price paid, estimated at a fifth of what Empower paid for MassMutual's DC business and a quarter of that up front. The pertinent question for counselors is “who is the other?” When a…
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By now, you may have seen one of the 4000-plus TikToks with the hashtag #genzmarketing, where a business or institution (many zoos and museums are trending) has a person of a certain age film a promotion using words that are part of Gen Z vernacular (choke, rizz, it's giving, brat) – and it's working. The…
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WealthManagement.com's David Bodamer sits down with Mike Scarsciotti, SVP and head of investment specialists at Fidelity Investments, to discuss the changing dynamics of portfolio construction. Fidelity derives insights from analyzing 12,000 portfolios. Their talk covers important trends, including the growing popularity of ETFs, the resurgence of active management strategies, and emerging approaches to asset allocation…
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X, the social media site formerly known as Twitter that Elon Musk bought in October 2022 for 44 billion dollarsis now worth $9.4 billion, according to new assessments from Fidelity. faithfulness noted below value of X by nearly 80% (78.7% to be exact) in its Blue Chip Growth Fund annual reportfiled on Saturday. The filing…
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A former Cetera Financial adviser picked day trades for his own benefit, making about $5.3 million in “illegal” first-day profits, according to new charges from the SEC. The commission also accused another adviser of similar actions and settled the charges with Cetera. According to the commission, the Kirkland, Wash.-based consultant William Carlton and Hillsborough, NJ…
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Opinions expressed by Entrepreneur contributors are their own. As a busy entrepreneuryou know yours time it is extremely valuable. Why you should give your business time to focus investing? Investing not only protects the money you've worked hard to earn; it also helps it grow and blend over time. If you want to do something…
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TPG Capital, the San Francisco-based private equity firm, is making a “significant” minority investment in Creative Planning, the $375 billion firm led by Peter Mallouk. The two sides announced the deal on Monday, and terms were not disclosed. Under the deal, TPG will join existing investor General Atlantic (which will retain its minority stake) to…
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Around 10 a.m. Monday, Verizon users began reporting outages social media and to Detector down that they have no service except SOS mode. Verizon acknowledged the “service affecting issue” at 11:48 a.m., but had no further comment by press time. We are aware of an issue affecting service for some customers. Our engineers are engaged…
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(Bloomberg) — In the race to open up the multitrillion-dollar private-asset market to retail investors, Apollo Global Management and State Street Global Advisors appear to have jumped ahead of rivals with their breakthrough PLAN for a new ETF loan. Now, industry participants are left wondering exactly how the institutional big guns will successfully marry famously…
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By 2027, it can require as much energy as possible to power artificial intelligence per year, as it currently does to keep the lights on in Sweden or the Netherlands. While big tech companies like Meta and Google build costly AI infrastructureCEO of AI chipmaker Nvidia, the third largest company in the world by market…
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