Finance

A multi-year reorganization of the firm has lowered head count by more than a quarter but boosted productivity by nearly a half.

A total of 86 publicly traded companies approved new repurchase plans so far this year. That’s nearly twice as many as all of 2017.

A focus on productivity has resulted in attrition of lower producing brokers, the firm says.

The firm is working hard to lure advisors away from its larger rivals, said CEO Ronald Kruszewski.

The insurance-related securities market has grown as pension and hedge funds seek diversified bets less tied to interest rate or stock market swings.

The executive must attend to a close family member who has recently learned of significant health challenges, a spokeswoman says.

There’s been an uptick in asset managers building ESG analysis into their investments this year, while more have shunned firearms holdings.

An index of asset managers and custody banks has lost almost a quarter of its value this year.

Disappointing revenue and profit forecasts from Amazon and Google-parent Alphabet helped push the Nasdaq further into a correction.

Market valuations may not be a reliable tool to use to make investing decisions so it can be prudent for savers to assume low investment returns, says an expert.