Warren, the top-ranking Democrat on the Senate Banking Committee, has sent a letter YouTube star Jimmy Donaldson, better known as MrBeast, and the founder of Beast Industries.
Japan’s Sumitomo Mitsui Financial Group is reportedly exploring a potential purchase of the investment bank.
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“That’s a new business line for us,” says CEO Erin Friez.
“Investors who are cash-heavy may consider being opportunistic,” says Clark Bellin, president and chief investment officer of Bellwether Wealth, in a statement.
The Russell 2000’s correction adds to the market volatility that advisors and their clients are dealing with.
“Tax efficiency is usually the number one thing that people think about,” said Scott Davis, head of ETFs at Capital Group.
Good news for advisors. U.S. household net worth hit a record $184.1 trillion in the fourth quarter, according to Federal Reserve data.
“The next phase belongs to companies that can grow without relying on lower rates,” said Gina Bolvin, president of Bolvin Wealth Management.
Recent economic indicators have fueled speculation that the Fed would continue its conservative approach to interest rates.