The finance professor and quant investing veteran believes with the right guardrails, artificial intelligence could be trusted to meet the high bar of fiduciary advice.
The sought-after amendment to a 2001 FINRA rule would bring the industry in line with the realities of today's retail investors, broker-dealer advocates say.
Wealth managers are increasingly allocating more active ETFs into client portfolios than ever. Here's why.
Continued bullish momentum in the equity markets could quickly turn bearish on disappointment in earnings or less-than-sunny economic data.
Goldman Sachs' new private credit fund aims to bring alternatives to 401(k) plans, joining a wave of asset managers targeting the DC market.
Rents are rising as would-be homebuyers stay on the sidelines.
But polls show mixed sentiment as market volatility endures.
The Baltimore-based asset manager is cutting numerous positions across departments as it maps out how to return to organic growth.
Meanwhile, those earning less are feeling cautious about spending too much.
Nvidia saw restrictions on its China business lifted this week and that is lifting the spirits of wealth managers bullish on the tech giant's future.
Stronger-than-expected economic support from consumers reinforces the case for the Federal Reserve to stay in its holding pattern on rates.
The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.
The market reaction was muted following earlier reports of the president taking steps against the Fed chair soon in a closed-door meeting with Republicans.
Despite a positive US market outlook, analysts at the alternative giant counselled increased international exposure as bigger deficits and geopolitical uncertainty take hold.
Ten out of 12 districts expect future economic activity to either flatline or soften in the upcoming months, according to the Fed's Beige Book release.
Mutual fund fees have improved thanks to the significant progress made, report shows.
“The Bluerock share redemptions are outrunning fund raising,” said one analyst. “I can’t imagine it will be treated kindly in the public markets.”
Financial advisors weigh in on the surge in copper prices in the wake of President Trump's tariff announcement.
The latest federal data show the CPI increasing 2.7% over the previous 12 months, outpacing the 2.4% May figure and raising questions around the impact of trade uncertainty.
Former CBIZ chief investment officer Anna Rathbun wants her new Cleveland-based Grenadilla Advisory to treat clients with the same "compassion and connectivity" she shares with audience members as a singer of classical music.
