Noe Hinojosa Jr., the city’s financial advisor and CEO of Dallas- based Estrada-Hinojosa& Co., shed some light on the financial structure the city is proposing to pay for its new, $44 million terminal for Brownsville South Padre Island International Airport, a project in the works for more than one decade. The city commission recently authorized the issuance of…
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Responsible investing allows you to invest in ways that align with your values without sacrificing financial performance.. The expression“ put your money where your mouth is” may be more possible than you realize. In 2016, responsible investment strategies accounted for $1 of every $5 being professionally managed in the United States– and the number will…
President Donald Trump said Friday he favors getting rid of the quarterly earnings reports issued four times per year by public companies, saying they’re an impediment to growth. I have asked the SEC to study! ” This summer, J. P. Morgan Chase CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffett were also critical of the reporting law.
Thirty-four percent of variable annuity owners cannot remember why they bought them, a new survey finds. But at least one analyst says that is merely a sign that VAs are very versatile, with a number of different uses, and that advisors are trusted and doing a good job.
Allianz will make its annuities available on the Envestnet Insurance Exchange, the second insurer to list its products there. Advisors at banks, broker-dealers, independent insurance agencies and registered investment advisors will be able to research Allianz annuities using the exchange, which is connected to Envestnet’s wealth management platform.
For millennials who are just stepping into their workaday world, planning for retirement is definitely not something they seem to have on their mind. However, as Social Security benefits are sure to scale back over the next two decades, retirement planning has become a must for every millennial who wants to maintain the same standard of living during…
The Wall Street Journal is reporting that government regulators have subpoenaed Tesla as they dig into CEO Elon Musk’s recent disclosure about a potential buyout of the electric car maker. The Securities and Exchange Commission subpoena reportedly demands information from each of Tesla’s nine directors. Both Tesla and the SEC declined to comment Wednesday. The SEC’s move heightens the intrigue surrounding Musk’s decision last week to tweet that he had secured funding for a massive buyout.
Over the past five years, the Russell 1000 Growth has returned an annualized six percent in excess of the Russell 1000 Value, and that outcome has Wall Street talking growth stocks in 2018.
We all will be sick or hurt and taken away from business or daily undertakings at some point. We know there’s a risk of permanent disability or inability to act in our own behalf. That’s why we discuss financial reserves, disability insurance, and provisions for long term care as part of financial planning basics.
Outside of a true financial emergency, there’s no need to take 401(k) money out early – but that’s a message not getting through to retirement savers. So, how can advisors step in and save 401(k) cash out takers from themselves?
Financial institutions don’t seem to be taking the threat of cyber-theft as seriously as security experts advise.
Health care costs often wind up undermining the best retirement planning.
just as great quarterbacks like Tom Brady have a coach to rely on and help manage their game plan, great investors do, too
Days before the SEC comment page closed, Industry heavyweights Michael Kitces and Ken Fisher shared their thoughts on the threefold rule proposal containing a fiduciary standard, Regulation Best Interest and Form CRS.
Women have much better investing skills, a new MassMutual survey finds.
Maine Attorney General Janet T. Mills issued the following news release:. The SEC s proposed rule purports to impose a best interest standard on broker-dealers while requiring additional disclosures; however, the proposed rule fails to require broker-dealers to act as fiduciaries for their clients, as is required of investment advisers meaning retail…
California Attorney General Xavier Becerra today joined a 17- state coalition criticizing proposed rules issued by the Securities& Exchange Commission which falsely claim to protect savers, but in fact leave them vulnerable to financial advisors who put their profits ahead of the best interests of their saver clients. But the newly proposed SEC rules…
The American Council of Life Insurers (ACLI) advocates on behalf of approximately 290 member companies dedicated to providing products and services that contribute to consumers’ financial and retirement security. ACLI members represent 95 percent of industry assets, offering life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, dental and vision and other supplemental benefits. American families rely on these products for protection, long-term savings and a guarantee of lifetime income when it’s time to retire.
The Insured Retirement Institute urged the Securities and Exchange Commission to advance a proposed regulation to require financial professionals to act in their clients’ best interests. IRI said in comments filed today on the SEC’s Regulation Best Interest that the agency’s proposed rule provides “a solid foundation for appropriate enhancements to the…
Rising interest rates and the decline of shopping malls have weighed on real estate investment trusts over the past few years. The good news is that many REITs- special tax-advantaged businesses provide investors with exposure to real estate- are now trading at bargain prices. While the Standard& Poor’s 500- stock index is trading at roughly 24 times trailing…
Unless you’re working with someone at least 20 years younger than yourself, chances are you will need to find new help sometime during your retirement.
Age has little to do with how retail advisors communicate with wholesalers, new research finds. Advisors gravitate either toward technology or traditional face-to-face contact based on the distribution channel in which they sell.
Tesla CEO Elon Musk says he is considering taking the electric car maker private. Tesla’s stock jumped after Musk made the abrupt announcement in a terse tweet. He said is considering taking the company private at $420 a share and already has secured funding.
Sustany Capital, a venture capital firm exclusively investing in blockchain technologies, today shared the results of a new study that reveals that Millennials are confident in investing in cryptocurrencies.
With media hype surrounding reported overn…
You’ve prepared the nursery, stocked up on diapers and even sent your baby shower thank-you notes. Now it’s time to check a big one off your to-do list: Preparing for the unexpected.
Investors tend to be drawn to hot technology and biotechnology stocks for their growth prospects- not for the cash they return to shareholders. A quick look at Apple’ s performance shows that’s not necessarily the case. Between price appreciation and payouts, Apple stock has delivered a total return of about 170% since March 2012, when it announced plans to…
Derek Kim and Kevin Lu To Head BKCM’s Quant Research and Trading Capabilities, Supporting the Firm’s Hedge Fund and ETF Businesses
BKCM LLC announced today that Derek Kim and Kevin Lu have been named Head…
–FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, today announced it has been selected to be the primary market data provider for Merrill Lynch Wealth Management. “Wealth management is a growing part of our business and currently represents approximately 10 percent of our Annual…
What’s on your to-do list today? I’ll wager that “building workplace relationships” doesn’t appear on that list — but it’s something that all agency owners and business leaders should be focused on daily.
Bitcoin and blockchain are in the news more and more these days, and clients are likely to ask about them. Here’s a crash course on cryptocurrencies and the technology behind them.
The deadline to comment on Regulation Best Interest, Fiduciary Standard and Form CRS closes on Tuesday, August 7. So far, thousands of comments have poured in from investors, financial professionals and special interest groups.
Wall Street watchers who specialize in the technology sector say social media sites are losing trust with consumers and that’s negatively impacting stock prices.
Given the power of compound interest, the retirement savings gap will continue to widen if women aren’t conscious of and actively planning for retirement.
It’s been a good year for independent advisors. So, what worked in their favor? These five takeaways from the study reveal what went right for advisors in 2018.
Investors rely on exchange-traded funds to give them instant diversification across a wide number of strategies: growth, value, sectors, geography… and of course, dividends. Dividend ETFs such as the Vanguard Dividend Appreciation ETF and Vanguard High Dividend Yield ETF have amassed tens of billions of dollars in assets, largely because they and similar ETFs…
Once you learn the facts about variable annuities, you’ll see why they might not be as great a choice as they sound for retirees.
The financial world has been trying to understand this tech-savvy, minimalistic generation for years and now, research is finally shedding some light on this elusive group.
The number of RIA merger-and-acquisition deals collapsed compared to the first quarter, which saw a record 49 transactions, an industry tracker reported. The reasons are numerous, but an analyst said the future prospects for M&A remain strong.
Top advisors are able to utilize technology, prefer face-to-face meetings and find ways to put the client first, a new survey found. Those advisors diverge from the rest of their peers in some areas, while in other areas both groups exhibited similarities, the survey found.
In light of the many changes in our markets, technology, and how companies operate since then, SEC staff will host a roundtable this fall to hear from investors, issuers, and other market participants about whether the SEC’s proxy rules should be refined. “The SEC’s rules governing the proxy process are at the center of investor participation in, and influence over,…
Technology stocks continued to fall in early trading on Monday, following up on their sharp drops at the end of last week. But energy stocks rose with the price of oil and helped to keep U.S. indexes relatively steady ahead of a busy week full of central-bank meetings, corporate earnings reports and the monthly U.S. jobs report.
Seasons of Advice Wealth Management, a leading independent registered investment advisor, announces today the launch of the SOA Stewardship Portfolios, a dedicated investment product built on the principles of socially responsible investing with a focus on targeting specific areas of concern. “We are pleased to offer our clients the SOA Stewardship…
Advisors looking to sell out need to pause and consider who they are selling to, say succession planning experts. Scammers are getting their foot in the door by buying books of business and defrauding clients, an outcome that can sully decades of good work.
Asian markets are falling after a steep decline in the U.S. technology sector weighed on Wall Street at the end of the week despite data showing the economy was growing. Markets in Japan, South Korea, Shanghai and Hong Kong are all lower. The U.S. economy accelerated in the last quarter at an annual rate of 4.1 percent, its best showing since 2014, but economists don’t think the pace will last.
(Bloomberg) Bitcoin fell for a third day, slipping below $8,000 after the U.S. Securities and Exchange Commission rejected a request…
Data shows that 81 percent of advisors use model portfolios at some level, as they look for help in managing client accounts in an environment where fees are sliding downward.
Facebook CEO Mark Zuckerberg lost about $15 billion in stock wealth Thursday as investors dumped shares after the social network warned of slowing sales growth.
Paid subscribers, which account for about 90 percent of the company’s sales, are more profitable for Spotify than free users. But Spotify reported fewer users of the advertising-supported tier than a quarter ago, which is making investors nervous.
The Securities and Exchange Commission issued the following statement by Commissioner Kara M. Stein on the proposed amendments to the financial disclosures about guarantors and issuers of guaranteed securities and affiliates whose securities collateralize a registrant’s securities:. “Companies have a number of options to raise capital.
Your clients may be relaxing this summer but their retirement funds should be working hard.
The Securities and Exchange Commission today announced that Jane Jarcho, Deputy Director of the Office of Compliance Inspections and Examinations, will retire from the SEC at the end of August. Ms. Jarcho has served as OCIE’s Deputy Director since 2016, with responsibility for overseeing OCIE’s program areas, including Investment Adviser/Investment…
U.S. stock indexes are edging mostly higher in early trading following a mixed batch of quarterly earnings results from General Motors, Boeing, Coca-Cola and other companies. Gains in technology and health care stocks are outweighing losses in banks and other sectors. Investors also have their eye on Washington ahead of trade talks between the U.S. and European Union officials.
Upon retiring, many people relocate to enjoy a more favorable climate, or to be closer to grown children, or to live in an area they’ve visited and enjoyed. If you, too, are thinking of moving someday, you’ll want to study possible locations, but you also need to be aware that where you eventually decide to live can greatly affect your savings and investment strategies…
Retirees blame tax complexities and concerns about outliving their money for their reluctance to splurge.
Albany, NY—- 07/25/2018– Growing adoption of blockchain technology in various industry verticals will likely foster growth in blockchain technology market. To understand the implications of recent developments on the growth blockchaintechnoloy market, Market Research Hub has added a new report titled,’ Data Sheet on Global Blockchain Technology Market’ to…
On July 24, 2018, the Securities and Exchange Commission charged Matthew Brunstrum, formerly a financial analyst at Stericycle, Inc., with insider trading and with tipping his mother, who was also charged with insider trading. The SEC’s complaint, filed in federal court in Chicago, alleges that in April 2016, Matthew Brunstrum learned through his job that…
Steve Chabot, R- Ohio, chairman of the House Small Business Committee, issued the following news release:. This week, the House Committee on Small Business Subcommittees on Economic Growth, Tax, and Capital Access and Agriculture, Energy, and Trade held a joint hearing to examine venture capital’s role in helping small businesses access capital and highlight…
Mount Rushmore features massive 60- foot-tall busts of celebrated presidents George Washington, Thomas Jefferson, Abraham Lincoln and Theodore Roosevelt, each chosen for their respective roles in preserving or expanding the Republic. But if you were to make a Mount Rushmore for presidents based on stock market performance, none of these men would make the…
Using after-tax contributions to an existing retirement plan to build savings that can be accessed to cover emergencies could help, according to Prudential Financial, Inc.. 63% of Americans don’t have enough savings to meet a $500 emergency. In response, Prudential worked with Washington, D.C., nonprofit organization Prosperity Now to design a potential…
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo& Company, announced today that Scott Van Bergh has joined as vice chairman in the Energy& Power Investment Banking group. He is based in New York and reports jointly to John Hudson and Kristin Lesher, co-heads of the Investment Banking Coverage group.
