Finance

Companies as diverse as UPS, Fed Ex and AT&T are learning how environmental and social issues can affect their bottom lines.

Despite the slight decline last year, researchers expect global growth of 38% by 2027.

Many advisors use real estate investment trusts to hedge against inflation while also providing steady dividend income. But private funds still provoke skepticism.

The rating agency's release ESG credit indicators for states and territories last year was blasted by GOP officials for being politicized, vague, and confusing.

The St. Louis-based firm has continued its 2023 comeback, enjoying two straight quarters of double-digit revenue growth.

The firms are increasingly seeking to integrate generative artificial intelligence into their products, and banks are potentially interested customers. But such efforts are costly, the risks are high and "they want to make sure that they get it right," experts say.

More assets, less debt and a new name are among the Canadian asset manager's wealth highlights.

During the recent banking crisis, both businesses and wealth management clients moved their money out of banks. Commercial deposits have since recovered, but those in wealth accounts continue to decline amid fierce competition from both inside and outside the banking system.

The company that provides services to 107,000 advisors posted financial results that meet estimates without breaking new ground.

Interest rates, compensation and costs relating to the firm's pending deal to go private tore a hole in the RIA aggregator's earnings for the second quarter.

The California TAMP's latest financial report includes new milestones for revenue, platform asset and net income.

The strong market thus far in 2023 has some concerned about a possible sell off.

The company's earnings soared in the second quarter. Dan Arnold's team has more ideas in the works for further growth.

As revenues fell for other companies, Raymond James' earnings reached new heights — including for its wealth management division.

The company enjoyed "another strong quarter overall, led by continued growth of our wealth management business," CEO Jim Cracchiolo said.

In the second quarter of 2023, Stifel's profits were down from last year — except for its Global Wealth Management unit, which saw record growth.

Naratil thinks Lightyear Capital can offer the capital and expertise firms need on their way to IPOs.

In an interview, Chairman David Karr discussed the firm's financial advisor training and recruiting approach and embrace of "supported independence."

Advisors identified the SEC's new marketing rule as the "hottest" regulatory topic for the third year in a row.

Family offices have joined strategic buyers and private equity companies in competing for M&A deals.