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.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
