20+ hour, 35+ min ago   (203+ words) That ended a long run in which Arnold had become closely identified with LPL’s expansion. He joined the company in 2007 after LPL acquired UVEST, became CEO in 2016 and oversaw acquisitions including National Planning Holdings, Crown Capital Securities and Boenning & Scattergood....

19+ hour, 14+ min ago   (466+ words) Anthropic hasn’t gone public yet, but some of Wall Street’s biggest wealth businesses are already competing for the fortunes its employees are expected to make. Goldman Sachs, Bank of America, BNY, JPMorgan Chase and Wells Fargo have been in discussions…...

4+ day, 19+ hour ago   (371+ words) Goldman Sachs is seeing a “huge uptick” in inquiries from AI founders, executives, researchers, developers and investors whose equity has suddenly become life-changing wealth. Brittany Boals Moeller, the firm’s San Francisco head of private wealth management, says the speed and…...

5+ day, 3+ hour ago   (425+ words) Weak economic data is supposed to pull long-term interest rates down. Instead, Treasury yields have been climbing, and Brookings Institution senior fellow Robin Brooks says that reversal is evidence that demand for U.S. government debt is weaker than it looks. That…...

5+ day, 20+ hour ago   (616+ words) Brent crude climbed above $98 a barrel Tuesday as tensions between the United States and Iran kept pressure on energy markets, while the 10-year Treasury yield moved toward 4.8%. Stocks had already fallen Monday as the two markets reinforced the same uncomfortable…...

1+ week, 4+ day ago   (397+ words) “We’ve already had a lot of good returns behind us,” Oppenheimer said. That leaves Goldman expecting equities to keep advancing, but at a more gradual pace as valuations, interest rates and slowing earnings momentum make another year of unusually large…...

1+ week, 5+ day ago   (216+ words) Treasury Secretary Scott Bessent shocked the bond market on Aug. 19 by doubling planned purchases of long-dated government debt, briefly pushing the 30-year Treasury yield sharply lower. Less than two weeks later, the 30-year yield is back above 5.28%, essentially where it…...

2+ week, 3+ hour ago   (218+ words) “The dollar amounts have gotten so big, so fast,” Nicholas Garcia, a principal wealth advisor at Compound Planning, told Business Insider. His firm manages more than $5 billion and says concerns about an AI bubble now arise in nearly every client…...

2+ week, 21+ hour ago   (696+ words) thewealthadvisor.com Jeff Gundlach has found something in the AI boom that bothers a bond investor more than an expensive stock: questionable collateral. The DoubleLine Capital CEO is warning that Nvidia’s plan with six financial giants to mobilize more than…...

3+ week, 5+ day ago   (217+ words) The numbers aren't subtle. Since 1970, the S&P 500 has returned an average of just 0.58% during midterm years, compared with 9.25% across all years, according to Bank of America. Stocks finished those midterm years higher only 57% of the time, versus 75% for years…...