Portfolio

The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.

The “set it and forget it” balanced approach may not work as well anymore, an expert says.

A combination of GLD’s higher fees and an almost relentless demand for the yellow metal have catapulted it from fourth on the revenue leader board in 2017.

Amid coronavirus-imposed lockdowns, the firm will retool and retrain approximately 3,000 young advisors.

Fintechs are facing unique challenges in the pandemic. There might be a resurgence in funding on the horizon, but startups are looking to see what they can do now to weather the storm.

Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.

The wirehouse added a pair of veteran advisors from its rival after picking up several new hires in recent weeks.

“Astute RIA leaders recognize that now is an opportunity for growth,” says one advisor.

About two dozen advisors are using the software now, and the firm is making changes based on their feedback, an executive says.

The asset manager has become one of the fastest-growing hedge funds at a time when many competitors are losing assets.