Gold headed for its strongest close in a month after the Federal Reserve’s preferred inflation gauge met consensus forecasts, keeping open the possibility of interest rate cuts later in the year.
Spot bullion traded above $2,046 an ounce, on track for a modest weekly gain and the highest finish since Feb. 1. Although the US data showed underlying inflation running at the fastest pace in a year, the reading wasn’t a surprise and failed to dent the broader disinflationary trend underpinning forecasts for policy easing. Lower interest rates tend to benefit non-yielding gold.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
