17+ hour, 37+ 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....

3+ day, 16+ hour ago   (307+ words) Federal Reserve officials were already heading into next week’s meeting divided over whether inflation had cooled enough to leave rates alone. Thursday’s producer-price report made that decision harder: wholesale prices rose 5.4% from a year earlier in August, and traders pushed…...

4+ day, 16+ 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, 20+ hour ago   (348+ words) The distinction between an estate plan and a legacy plan sits at the center of Austin’s work. The estate plan determines ownership and authority over assets including catalogs, publishing rights, masters, trademarks, likenesses, memorabilia, archives and unreleased material. The legacy…...

1+ week, 29+ min ago   (372+ words) Goldman Sachs Asset Management surveyed 1,000 wealthy Americans and found an unusually sharp threshold in how they invest. Only 39% of households with $1 million to $5 million in investable assets own alternatives, but adoption rises to 63% above $5 million, 80% above $10 million and 91% above $20 million....

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, 6+ day ago   (429+ words) A team of veteran technology and finance executives has launched OnTrade, an AI platform designed to sit across the software wealth management firms already use rather than force them onto another system. The Seattle startup has been operating quietly since…...

1+ week, 6+ day ago   (311+ words) Big Tech has spent earnings season startling investors with ever-larger AI budgets, but Goldman Sachs’ Eric Sheridan thinks the surprises are nowhere near finished. He expects AI supply and demand to remain out of balance until the first half of…...

2+ week, 35+ min 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, 18+ hour ago   (304+ words) The new inflation-linked funds terminate in 2031, 2036, 2046 and 2056 and hold portfolios of staggered Treasury inflation-protected securities. Their municipal counterparts use high-quality municipal bonds with the same termination years, seeking to provide federally tax-exempt monthly income alongside the annual return of principal....