In a 68-29 vote Monday, the Senate confirmed Boston Mayor Marty Walsh to be Labor secretary.
Walsh became a union member at 21 and rose to lead the Boston Trades Council, which represents ironworker and electricians unions, among others. He also served for 17 years as a Massachusetts state representative. He has been mayor of Boston since 2014.
Walsh's confirmation was a victory for AFL-CIO President Richard Trumka, who rallied his federation of 56 unions to back Walsh soon after Biden won the election in November.
"For four years, working families have lived with a Labor Department devoted to serving a handful of elite interests," Trumka said in a statement. "Now, the power to enforce safety and equity in our workplaces has been handed from a ruthless corporate lawyer to a proud union brother."
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Survey finds AI widely embedded in research and analysis, but barely touching portfolio construction or trade execution.
Two firms land teams managing more than $1.1 billion in combined assets from Kestra and Edward Jones.
A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
