Leon Levy, 77, founder of Oppenheimer Funds and chairman of the fund's New York board has retired. Effective on the first of this month, Clayton K. Yeutter, a trustee of the New York Board for more than two decades, will assume chairmanship. Currently, Yeutter is a counsel to Hogan & Hartson, one of the nation's largest law firms. He was a U.S. Trade Representative in the late 80's and U.S. Secretary of Agriculture in the early 90's. Earlier in his career, he was president and CEO of the Chicago Mercantile Exchange.
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Lack of communication can breed conflict, but offering an outside perspective can smooth over family conflicts.
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The deal to buy Natixis' overlay management services comes amid a general push by the St. Louis-based firm to broaden its appeal to HNW clients.
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The momentum is clearly accelerating behind registered investment advisory firms, but every individual team's choice requires careful consideration.
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The Senate narrowly approved President Trump's tax bill after Vice President JD Vance cast a tie-breaking vote following no votes from three Republican senators.
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A FINRA arbitration panel's decision marked a rare rebuke for a large wealth manager seeking to reclaim money it provided an advisor recruited from a rival.
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Politics are playing an outsize role in portfolio management. Here's how experts see the fixed-income sector changing under the pending One Big Beautiful Bill Act.
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