As part of comprehensive retirement distribution planning, evaluating how and when NUA applies can help reduce lifetime tax liability and preserve more of what has been earned over the course of a career.
An approach I have recommended for years is to interview planners, ask questions, and persist until you get clear answers. Under a relatively new SEC rule, getting those answers is becoming more difficult.
One of the most compelling theories about the future of artificial intelligence comes, oddly enough, from a 161-year-old paper about the coal industry. In 1865, the English economist William Stanley Jevons observed that improvements to the coal-fired steam engine had not reduced Britain’s coal consumption.
China’s $1.57 trillion sovereign wealth fund - long one of the biggest backers of private equity firms in the world - is considering new allocations to US money managers just months after reducing its exposure to the world’s biggest economy.
In the stock market’s volatile and uncertain start to the year, one trade has held strong: go long memory and storage.
Gold steadied after a dramatic selloff that has pushed the metal down more than 15% since the start of the Middle East conflict.
BlackRock Inc.’s Rick Rieder, the firm’s top bond-market executive who was passed over by President Donald Trump to be chair of the Federal Reserve, is pursuing investor cash for his first hedge fund in years.
If it weren’t for the financial industry, in my opinion, the United States wouldn’t be suffering the serious social ills that have worsened in the last 40 years — primarily, the hollowing out of the middle class, and all the problems that have accompanied it and resulted from it.
With liquidity and credit stress in the private credit market rising, we must consider whether the Fed might once again ignore its mandates to backstop exuberant markets.
Thanks to Section 351 of the US tax code, investors can contribute their appreciated assets directly into an ETF structure without realizing gains at the time of transfer. Here, we briefly explain the mechanics, limitations, and potential benefits and risks of a 351 exchange to seed a new ETF with appreciated assets.
There are at least two conflicting narratives about Gen Z and young millennials. One is that they are extremely risk averse — afraid even to go out of the house, much less on a date.
Recent market performance for US consumer-discretionary stocks has been so ugly that it may be a great time to buy.
Dimensional Fund Advisors is becoming the first asset manager to launch an exchange-traded fund share class of a mutual fund since Vanguard Group’s patent on the model expired nearly three years ago.
Banks making loans to specialist fund managers instead of directly to companies is meant to act like a firebreak protecting traditional lenders against the risks of businesses going bust. But losses from financing private credit firms and other nonbank lenders are coming back to bite them — and it’s making their investors antsy.
Modern markets have gotten used to central bank support whenever the global economy wobbles. But as the world confronts a fresh energy shock unfolding against brittle labor markets, investors need to prepare themselves for the possibility that central bankers won’t have their backs — quite the opposite.
he shock to global oil supply this month has already been declared the greatest ever by the International Energy Agency, so it’s natural to draw parallels with the great shocks of the 1970s. But numerous other factors determine how serious the impact of any given hit to supply will be on the global economy.
When Walt Disney Co. announced in November 2022 that Bob Iger would return as chief executive officer, the market took it as an auspicious sign. The stock jumped more than 6% on the news, its biggest increase in nearly two years.
Confidence among global stock-market investors, who largely kept their cool in the face of an escalating conflict in the Middle East, is starting to wear thin.
The simultaneous patent expiry of Ozempic’s active ingredient in China and India on Friday is a watershed moment. Until now, the revolutionary weight-loss drugs have been available largely to people with means.
March Madness is losing much of what made it mad. Signs of the shift were clear last year. Cinderella teams, the low-seeded upstarts that are supposed to deliver upsets and attention, didn’t surprise anyone.
US futures extended a drop on Friday as earlier hopes for a quick resolution to the war in the Middle East faded. Meanwhile, traders braced for a historic amount of March options expiry.
Public markets give a running commentary on the biggest players in private markets. Over the last year, this has gone from good to bad to worse. The sector’s long-term growth prospects may be more-or-less intact, but the next few years probably won’t feel that way.
Amid uncertain times in the job market one thing stands out — Americans in their 50s are working like never before.
Alphabet Inc.’s Google is moving ahead with plans for a major data center in Michigan that features a 20-year electricity contract requiring it to cover the full expense of adding a haul of new clean power.
Gold sank for a seventh session as the escalating war in the Middle East drove oil prices higher and reduced prospects for a US interest-rate cut in the near term. Silver slumped more than 10%.
Japan’s equity investors will closely watch a meeting between President Donald Trump and Prime Minister Sanae Takaichi in Washington on Thursday for possible agreements on economic and military cooperation.
JPMorgan Asset Management is issuing its first Taiwan-focused wealth management product in more than a decade, joining global rivals rushing into one of Asia’s hottest exchange-traded funds markets.
Now that investors are aware of withdrawal limits, they’ll have a greater incentive to always ask for the maximum, requiring further asset sales that will depress returns — which, in turn, will encourage more withdrawals.
Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East.
The advisors who build the strongest client relationships aren't necessarily the ones with the most resources. They're the ones who help clients feel the value of those resources consistently. You have more to offer your clients than you're probably telling them. Be bold. Tell the story.
If someone has deeply entrenched views — either to the right or to the left — they are not likely to change their minds because they listened to you. You could definitely offer some education here by talking about the long-term impacts of this war.
What moves clients — what really motivates them — is insight. Insight into their fears, their hopes, their priorities. Numbers are important. Reports are necessary. But insight is where you create impact. Insight is what turns hesitation into action, anxiety into confidence, and confusion into clarity.
The European Union has unveiled a red-tape-cutting plan dubbed “EU Inc.” to boost the emergence of companies that could compete on the world stage with US and Chinese rivals.
There’s been no love lost between builders and buyers in the entry-level housing market over the past five years. Good news for one was invariably bad news for the other. But we finally seem to be hitting a sweet spot where both sides can be cautiously optimistic.
It’s been a volatile stretch for US equities as Wall Street tries to wrap its arms around the war in Iran. But with the fighting now in its third week, investors are becoming more sanguine about the stock market as signs emerge that the worst may be over.
US stock futures extend a two-day rally as investors remain cautiously optimistic amid rising energy prices and before the Federal Reserve’s interest-rate decision.
It took a war in Iran to reveal the full extent of billionaire Mukesh Ambani’s sway over the White House — and his centrality to mending the frayed US-India bilateral relationship.
Understanding how traditional RIA growth models have evolved is essential for advisors making deliberate decisions about the structure, scale, and long-term direction of their firms.
Money is one of the most emotionally charged topics there is. It can evoke deep emotions like fear, shame, and anger. The good news is that couples can learn to talk about money without starting a fight. Here are some strategies that can help.
Individuals who haven’t yet taken the plunge into full-time entrepreneurial pursuits, are often surprised by the onslaught of new costs they’ll be responsible for when making the transition from W-2 salaried employee to self-employed, one advisor shares.
JPMorgan Chase & Co. is leading a push by Wall Street banks to offload risky loans for acquisitions. The latest is a $2 billion debt sale to finance the purchase of asset manager Janus Henderson Group Plc by Nelson Peltz’s Trian Fund Management and General Catalyst.
Every financial crisis has a moment — usually identified only in retrospect — when an obscure product intended to mitigate risk spreads through what author Rick Bookstaber called “tightly coupled” interconnections to cause widespread damage.
Morgan Stanley is sticking with a forecast that sees the Federal Reserve resuming interest rates cuts in June and delivering another reduction in September, even as soaring oil prices prompt traders to curb bets for how much policymakers will lower borrowing costs this year.
US stock futures rose Tuesday as investors buy the dip, signaling confidence in the markets even as Iran war tensions escalate.
The Federal Reserve is about to give America’s biggest lenders an extra $200 billion of capital to play with. Later this week, US regulators will launch fresh proposals to update and, in some ways, loosen US capital rules that will fuel stock buybacks, lending and trading.
It’s human instinct to want to know what the future holds and to protect and grow our nest egg based on our perceived knowledge of the future. It takes courage to ignore those economic forecasts from brilliant, well-meaning experts with very impressive credentials. Their logic is always compelling, but investing based on that logic can be hazardous to your wealth.
In our recent article, "The Value Rotation Illusion," we explained that in the recent rotation from growth to value. In this follow-up, we take the three-tier earnings valuation framework we introduced in the previous article a step further to uncover true value stocks.
In this article, I present a framework for investment models that integrates personal risk tolerance with academic lifetime investing theory that guides risk as the investor ages.
The scariest portmanteau in macroeconomics is making a comeback in market discourse: stagflation.
For years it was a punch line. Now the Laffer Curve — which purports to show that tax cuts can increase revenue — is making a kind of comeback.
