Would the gold rush of the mid-nineteenth century, when only a handful of the 300,000 people who flocked to California became billionaires, have turned out differently if the fortune seekers had retained financial advisers? We'll never know, but it's safe to say that financial advisors have a big role to play in ensuring that the…

Kate Moore is Citi Wealth's new chief investment officer, according to a letter from Chief Wealth Officer Andy Sieg to Citi Wealth employees. She joins from BlackRock and will start in the new role in February. According to Sieg, Moore will have “broad responsibilities” at the firm, including leading the development and delivery of independent…

While FINRA decides whether to appeal a district court panel's ruling that it cannot speedily deport representatives without SEC oversight, the regulator believes it can “implement measures” to comply with the judges' requests, according to a FINRA spokesman. The self-regulatory organization said in a statement Tuesday that a three-judge panel's decision last week to require…

Range, a wealth management platform for consumers, has raised another $28 million in funding. This round, a Series B, follows The startup's $12 million Series A raise in May 2023. Related: Range to replace financial advisors with AI. Where have I heard this before? This first step was led by Google's AI-focused venture fund, Gradient…

Morningstar released its 2025 investment outlook for financial advisors. Morgan Stanley has sought to add employees of startup companies as wealth management clients in anticipation of future IPOs, Inc. reports. These are among the investment must-reads we've found this week for wealth advisors. Source link

(Bloomberg) — Wall Street forecasters tend to huddle around the consensus, afraid to break out for fear of being wrong. Then there's Tom Lee. Fundstrat Capital's chief investment officer has made his name with bold calls (S&P 500 at 15,000; Bitcoin to $10 million). His shameless Bulgarian dealings, for which he makes no apologies, have…

In the weeks leading up to the Nov. 5 election that would return Donald Trump to office, financial advisers' sentiments about the economy and stock market rose, nearly matching year-to-date highs, according to Wealthmanagement.com's Monthly Councilor Sentiment Index. Sentiment on the economy climbed seven points higher to 110, indicating a broadly positive outlook on the…

(Bloomberg) — This year, the price of tuition at Bethel University's quaint lakeside campus in St. Paul, Minnesota is $44,050. Next year, it will be close to half that: $25,990. Related: 10 ways to increase your chances of acceptance The small school is one of dozens across the U.S. that has lowered prices in recent…

(Bloomberg Opinion) — Growth prospects for the group of companies called the Magnificent 7 are still above average, but they are no longer magnificent. Wall Street consensus forecasts suggest that, in total, the seven large-cap companies will outperform the S&P 493 next year, and yet investors continue to pay a premium to own them. That…

Recorded live at the Schwab Impact Conference in San Francisco, David Armstrong, editorial director in Informa Connect's Wealth Management Group, sits down with Michael Goodman, founder and leader of RIA Wealthstream Advisors, an RIA Edge 100 firm, to explore how he think about sustainable. growth and customer service in wealth management. They delve into Goodman's…