Moody's Ratings and S&P Global Ratings recently issued negative outlooks on RIA aggregator Focus Financial Partners and Edelman Financial Engines, an RIA with $284 billion in assets under management. Moody's recently affirmed Focus's B1 corporate family rating, senior secured bank credit ratings and its B1-PD probability of default. But analysts changed their outlook on the…

Based on five-year returns as of May 23, 2024. Minimum $5 million in net assets, excludes leveraged and inverse ETFs. Aniket Ullal is VP, ETF data and analytics for CFRA, one of the world's largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that…

Several other opponents of the newly released Labor Department fiduciary rule are taking their appeals to Texas federal court, arguing that the rule is too similar to an earlier one released in 2018. Plaintiffs in the lawsuit filed last Friday include the American Council of Life Insurers, several regional divisions of the National Association of…

(Bloomberg Opinion) — Target Corp sales decline The latest quarter marked the latest example of the supposed softening of US consumption, leaving some stock market investors concerned that a recession may still be in the cards. But a slight moderation in demand — along with increased competition among firms — may be just what policymakers…

In 1897, Mark Twain reportedly read his obituary and then said, “The reports of my death are greatly exaggerated.” While some are predicting the reduction if not the destruction of landfills in part due to the growth of PEPsfintechs and the focus on cost reduction as well as increased plans from payroll providers like Paychex,…

Impact investment funds perform as well as regular private market funds in delivering returns, according to Preqin research. JPMorgan predicts Ethereum ETFs will begin trading within the next six months. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com | May 28, 2024 Source link

Is it possible for investors to buy cheap, profitable companies (have their cake) and earn higher expected returns (eat it too)? Research shows – yes, with some caveats. In our book, Your complete guide to factor-based investing, Andrew Berkin and I identified just five equity factors from the zoological factor that met all the criteria…

Coincidentally, the SEC approved updated cybersecurity rule changes on the same day that international brokerage and custodian Interactive Brokers reported a customer data breach. The firm filed a sample letter May 16 with the Massachusetts attorney general as an example of what it would send to about 600 customers whose personal information was exposed during…

A Naples, Fla.-based team led by counsel Alicia Fuller has left Merrill Lynch after nearly 40 years on the wire to join Steward Partners' W2 model. Steward, a hybrid partnership of employee-owned independent advisory firms, added Coast 360 Capital Advisors, with over $320 million in AUM. This represents Steward's fourth office in Florida; it also…

Moody's Ratings and S&P Global Ratings recently issued negative outlooks on RIA aggregator Focus Financial Partners and Edelman Financial Engines, an RIA with $284 billion in assets under management. Moody's recently affirmed Focus's B1 corporate family rating, senior secured bank credit ratings and its B1-PD probability of default. But analysts changed their outlook on the…