(Bloomberg Opinion) – The great divide in America is not so much between Republicans and Democrats as between people who invest and those who don't. For a man of his means running for the second highest office in America, Tim Walz is on the wrong side. In 2022, 58% of Americans owned stocksdirectly or indirectly…

Wells Fargo faces another potential class action lawsuit in the growing controversy involving the bank's cash-laundering deposit programs. Scotch Plains, NJ-based Daniel Varady filed his lawsuit seeking a class action in California federal court. His charges mirror other recent calls for class actions against money laundering programs Wells Fargo, LPL and Ameriprise. Varady argues that…

Patrick Fruzzetti, partner and managing director, portfolio manager of Rose Advisors at Hightower Advisors, provides a number of great insights regarding the recent market crash, whether investors should be concerned about additional market weakness and the overall health of financial markets and economy. Additionally, Patrick gives his thoughts on the September FOMC meeting, considerations for…

One of the few benefits of being around for a long time is perspective. Although the world is constantly changingthere are periods when significant changes occur, such as after World War II, the Sixties and the Vietnam War, the advent of personal computers and the Internet, the Great Recession, and, most recently, COVID-19. As the…

Victoria Toli, one of Finny's three co-founders, describes her startup as “Mint for financial advisors,” drawing a parallel to the popular dating app. The comparison makes sense in several ways. Yes, Finny helps with the age-old goal of matching advisors with potential prospects, but it increases the speed and success rate with a ruthless efficiency…

Sponsored by Understandably, US investors are paying attention to the upcoming vote and trying to discern what it might mean for our economy and markets. It's likely that we're all wondering how we can best navigate—intellectually and emotionally—what could turn out to be a tumultuous campaign season. With this writing, Orion is pleased to launch…

Custodial and clearing firm Innovayte has partnered with technology platform and portfolio manager Advyzon to launch a new model market. As part of the launch, Advyzon created a protection platform for Innovayte. The platform combines a separately managed account and model market with access to third-party asset managers participating in Advyzon's asset management program, Advyzon…

Abacus Life, a publicly traded alternative asset creator and manager specializing in life insurance products, has signed an agreement to acquire FCF Advisors, a New York-based asset manager with approximately $600 million in assets under management. FCF, which was renamed by TrimTabs Asset Management in 2022has five ETFs, three index strategies and separately managed accounts…

Gateway Financial Partners, a large supervisory jurisdiction office of LPL Financial based in Glastonbury, Conn. with $6.5 billion in assets under advisement, has hired Christian Widen, a former senior vice president of business development at CircleBlack, as director of business development. Widen has over 25 years of experience in the financial services industry. Prior to…

A Washington-based RIA with $3.7 billion in assets under management will pay $430,000 to settle SEC charges that it violated the regulator's marketing rule by using hypothetical performance in ads. Pacific Financial Group is located in Bellevue, Wash. and has been registered since 1983. according to the settlement order filed Friday. It markets itself as…