“To date, investors have been limited in the tools they have available in their efforts to protect their assets against inflation,” said Adam Patti, chief executive officer of IndexIQ. “With many forecasters believing that we are about to enter an extended period of greater inflationary pressures, we believe the time is right for a new approach to protecting wealth by seeking a real return at or above the rate of inflation. These two new funds offer a sophisticated approach to hedging the impact of a broad-based rise in price levels as measured by the Consumer Price Index.”
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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.
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The mammoth coup far outpaces other recruiting deals of recent memory.
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Despite the apparent decline, the independent broker-dealer giant remains one of the leaders in advisor recruiting and merger and acquisition deals.
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Many factors can influence the timing of a person's retirement, but new research shows nothing comes close to health problems.
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More than a third of financial advisors will retire in the next decade in a profession in which nearly 3 out of 4 rookies fail to make the grade, creating a headcount problem for the industry.
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Advisors and other leaders in the profession have a unique window into what "wealth" really means. Here's how they defined it.
May 9