More about InVest: As new digital tools transform wealth management, the industry’s largest players are rushing to adapt to ever-increasing customer expectations, while smaller firms strive to keep pace. Behind the scenes, many are investing more on technology and hiring to drive growth, but margins remain under pressure. In|Vest West is exploring all the dynamics at play — from front to back office — and the technologies that are shaping the future of the firm.
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Citigroup didn't admit any wrongdoing in its settlement of allegations by regulators that employees denied credit cards to people in Southern California suspected of being of Armenian origin.
November 8
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The bank has seen its balance sheet swell in recent years and this quarter could become the first U.S. bank to reach the $4 trillion mark. Analysts credit it as a well-run institution, but the megabank's growth is sure to play into ongoing debates over big-bank capital rules and "too big to fail."
November 8
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With interest rates likely to level off, wealth managers who leave their clients in cash could miss out substantial long-term gains.
November 8
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Shorts and inverse funds dominate Morningstar's bottom 10, taking the successes of the past decade and putting them in reverse.
November 8
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Jamie Pabst is the Founder and CEO of Spiritune, an evidence-based therapeutic music app that supports emotional and cognitive health. Jamie is devoted to expanding the uses of music to treat a broad range of mental health conditions and help everyone benefit from the therapeutic power of music. She is also a DJ and sees DJing as a real-time example of music's ability to shift the energy and mood of an environment.
November 8
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Collective investment trusts, also known as collective investment funds, carry advantages that come with certain caveats and restrictions, according to experts.
November 8
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Leveraging OpenAI technology to communicate quickly and effectively with clients and utilizing an AI-powered assistant to enhance estate planning are two ways wealth managers are incorporating AI into their daily lives.
November 8
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The stock market's largest companies have the best chance of weathering the Fed's rate hikes, BlackRock's strategists believe.
November 8
