stock market trader economy stock market advisor sentiment index
Advisor Sentiment Index: Confidence in Stock Market, Economy Drops
May 23, 2024
Financial advisors were split on the current state of the economy, while a majority held a positive view of the stock market in April, according to WealthManagement.com's Advisor Sentiment Index.
Janet Yellen at G7
Billionaire Tax Rejected by US Causes Split Ahead of G-7 Meeting
May 23, 2024
The United States has pushed back on a global minimum wealth tax on billionaires.
JPMorgan
JPMorgan Hunts for Private Credit Firm to Grow in Hot Sector
May 23, 2024
JPMorgan's asset-management unit, which handles money for wealthy people and institutions including endowments and pension funds, is seeking to grow its private credit offerings.
Morgan Stanley CEO James Gorman
Gorman to Step Down as Morgan Stanley Chairman at End of Year
May 23, 2024
Gorman's decision to step down after giving up the CEO role in January is seen as a vote of confidence in Pick’s leadership.
Envestnet
Software Firm Envestnet Draws Interest From Advent, GTCR
May 23, 2024
Envestnet has been working with a financial advisor to explore sale options.
Diamond Podcast for Financial Advisors Reza Zamani
The Diamond Podcast for Financial Advisors: A Blueprint for Building a Wealth Management Enterprise to $3B and Beyond
May 23, 2024
After a dozen years in the wirehouse world, Reza Zamani began to recognize the limitations inherent to the model. So in 2012, he left to launch SteelPeak Wealth with $250 million in AUM. Today, it manages $3 billion with 20 advisors on the team.
Tom Walrond Raymond James & Associates
Raymond James Names New Head of Advisor Employee Channel
May 22, 2024
Tom Walrond, senior vice president and division director, will replace Tash Elwyn as president of Raymond James & Associates, among other senior leadership changes.
bernie-clark-schwab.jpg
Schwab's Bernie Clark: The First Trillion Dollar RIA Is Coming
May 22, 2024
As RIAs continue to consolidate, the industry will soon see a $1 trillion AUM firm emerge, Clark predicted at Schwab’s Institutional Investor Day.
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