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Treasuries sell-off pushes 10-year yields to 2023 high
INDUSTRY NEWS AUG 03, 2023
Treasuries sell-off pushes 10-year yields to 2023 high

Equities decline amid earnings and economic policies.

By Bloomberg
IRS probes wealthy in Malta tax scheme but they’re not the target
INDUSTRY NEWS AUG 03, 2023
IRS probes wealthy in Malta tax scheme but they’re not the target

Tax experts believe the investigation of wealthy Americans is ultimately designed to snare the promoters.

By Bloomberg
Commodity ETFs gain as traders bet recession will be avoided
INDUSTRY NEWS AUG 03, 2023
Commodity ETFs gain as traders bet recession will be avoided

The asset class has benefitted from expectation that global growth will pick up.

By Bloomberg
Allworth’s Hanson, McClain stepping down as co-CEOs
RIAS AUG 02, 2023
Allworth’s Hanson, McClain stepping down as co-CEOs

Allworth's board has begun a search for a new chief executive.

By InvestmentNews
ETF firms race to be first in line for ether futures
ALTERNATIVES AUG 02, 2023
ETF firms race to be first in line for ether futures

But demand for futures products, rather than spot ones, is a big question.

By Emile Hallez
Advisors take US debt downgrade in stride: ‘More to do with politics than economic stability’
FIXED INCOME AUG 02, 2023
Advisors take US debt downgrade in stride: ‘More to do with politics than economic stability’

'Not worth panicking about' — advisors caught off guard by Fitch's timing but remain sanguine.

By Mark Schoeff Jr.
Will Elon Musk's X take over financial services? Don't hold your breath
FINTECH AUG 02, 2023
Will Elon Musk's X take over financial services? Don't hold your breath

Advisors raise a collective, skeptical eyebrow as billionaire goes where many other Silicon Valley companies have already tried and failed.

By Ryan W. Neal
Will adding annuities to 401(k) plans alleviate the retirement crisis?
RETIREMENT PLANNING AUG 02, 2023
Will adding annuities to 401(k) plans alleviate the retirement crisis?

Client feelings of certainty and happiness are main benefits of adding annuity option to retirement plans, says advisor.

By Gregg Greenberg
SEC bars another advisor involved in church scam
PRACTICE MANAGEMENT AUG 02, 2023
SEC bars another advisor involved in church scam

Scams involving members of a group such as a church, known as affinity frauds, pose perils for investors, one attorney notes.

By Bruce Kelly
Embrace mobile tech or risk being left behind in next demographic shift
OPINION AUG 02, 2023
Embrace mobile tech or risk being left behind in next demographic shift

The use of mobile technology is becoming more deeply ingrained in the advisor-client relationship.

By Kevin Fusco
A road map for selling concentrated stock positions
OPINION AUG 02, 2023
A road map for selling concentrated stock positions

If a client's position in a single stock has become untenable, here are five strategies for reducing concentration risk.

By David Bigelow
Missing Goldman Sachs analyst found dead
INDUSTRY NEWS AUG 02, 2023
Missing Goldman Sachs analyst found dead

John Castic, last seen after attending a concert Saturday night, was found in a creek in Brooklyn.

By Bloomberg
Student loan debt assistance programs become higher priority for employers
OPINION AUG 02, 2023
Student loan debt assistance programs become higher priority for employers

Employers' interest in various types of assistance has increased this year, partly as a result of the passage of SECURE 2.0 late last year.

By Sara Vipond
Hightower partner Fairport Wealth's AUM reaches $4.5B on acquiring RIA firm
RIAS AUG 02, 2023
Hightower partner Fairport Wealth's AUM reaches $4.5B on acquiring RIA firm

It's the fifth sub-acquisition since Fairport joined Hightower in 2017.

By Steve Randall
Mercer Advisors acquires $720M high-net-worth focused RIA firm
RIAS AUG 02, 2023
Mercer Advisors acquires $720M high-net-worth focused RIA firm

National registered investment advisor firm expands its Californian presence with latest acquisition.

By Steve Randall
Which are the best and worst states to retire to?
RETIREMENT PLANNING AUG 02, 2023
Which are the best and worst states to retire to?

States ranked by affordability, weather, crime, and quality and cost of health care.

By Steve Randall
Stocks slump following Fitch's US downgrade
INDUSTRY NEWS AUG 02, 2023
Stocks slump following Fitch's US downgrade

The rating agency's decision sparked a pullback from riskier assets.

By Bloomberg
BlackRock, MSCI probed by lawmakers over China investments
INDUSTRY NEWS AUG 02, 2023
BlackRock, MSCI probed by lawmakers over China investments

Congressional committee is investigating whether the asset managers facilitated investments into blacklisted firms.

By Bloomberg
Bitcoin rally could endure if US manages a soft landing
INDUSTRY NEWS AUG 02, 2023
Bitcoin rally could endure if US manages a soft landing

But further tightening by the Fed could put a swift end to the crypto rally.

By Bloomberg
Fitch downgrades US credit rating
FIXED INCOME AUG 01, 2023
Fitch downgrades US credit rating

In cutting its rating on US sovereign debt to AA from AAA, Fitch cited 'repeated debt limit standoffs and last-minute resolutions.'

By Bloomberg