Finance

Financial planners can help clients navigate homeownership and other significant purchases in the wake of the Fed's revised rate-cut projections.

The consumer price index came in a little cooler last month, ending a streak of bad inflation data — at least for now.

The Wall Street giant distinguishes its custody service by being a pioneer in allowing private equity, private credit and similar investments to be used as collateral for loans to RIA clients.

Like 2023, 2024 has been good to Edward Jones. The St. Louis-based firm finished the first quarter with higher revenues and more financial advisors on its payroll.

Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.

Industry experts who track comings and goings at large firms say the advisor staff figures often obscure more than they reveal.

Back in December 2023, Wall Street was hoping for rate cuts early and often. But as of May 2024, "higher for longer" seems to be the new policy — at least for now.

Higher expenses from the record headcount of financial advisors and a continuous stream of recruits and acquisitions are investing in the firm's future earnings, though.

In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.