For the second year in a row, the number of individual Russian investors doubled, topping 400,000.
A recent poll by the
Alexei Rybnikov, CEO of the MICEX Stock Exchange, recently called for a joint effort by the Russian government, regulators and professionals to help bridge the finance education gap, further reaching an estimated investor pool of 6 million Russians.
"The Russian stock market has made a breakthrough," Rybnikov said. "In a few years, the number of individual investors will be in the millions. But this potential makes the problem of investor [education] and the general financial culture of Russia’s population ever more important. Investors entering the stock market should be well informed and realize the importance of their investment decisions and the risks existing in the stock market."
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Despite common assumptions, child-free clients have plenty of planning complexity. Advisors shared their approach to planning for this demographic, from encouraging "no-kid dividends" to building care teams early.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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Thirty-seven percent of those making more than $500,000 live paycheck to paycheck, Goldman Sachs found, making this a problem for more than just lower-income workers.
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The second-largest asset custodian tilts its policies toward larger firms as commission-free trading continues to eat into its business safeguarding client assets.
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Advisory practice sellers frequently wish they had taken more time for important strategic tasks before the deal, David Grau of Succession Resource Group says. He provided a list explaining why the timeline will take longer than many sellers may think.
October 1 -
Discussions about what David Solomon's longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
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