20+ hour, 43+ 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....

18+ hour, 40+ min ago   (326+ words) The handoff therefore puts an executive steeped in enterprise customers and sales atop a company whose most visible competitive threat is emerging in creative software. Canva, Figma and a rapidly expanding universe of generative AI products are changing how creative…...

3+ day, 19+ 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, 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…...

4+ day, 19+ hour ago   (324+ words) “Wealth management offerings have been siloed for too long,” Todd said, pointing to advisors, traders and portfolio managers working in separate parts of the investment process. Vestmark gives Envestnet a way to connect more of that process, from portfolio construction…...

5+ day, 4+ hour ago   (600+ words) The Japanese yen has strengthened roughly 4% against the dollar since the beginning of September, pushing the exchange rate to about ¥153 and reviving a risk markets learned about painfully in 2024: a currency move in Tokyo can force investors to sell assets…...

6+ day, 4+ hour ago   (471+ words) LAM Trade Finance Group II says Radiant World and closely related trader Sapphire Minmetals induced it to advance large sums against documents that were not genuine. According to the claim, the fund’s subsequent investigation found falsified invoices, notices of assignment,…...

1+ week, 3+ hour 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+ hour ago   (401+ words) Goldman Sachs says oil could climb to $120 a barrel if attacks on Middle Eastern shipping intensify, after the United States struck Iranian tankers and Tehran declared a new restricted zone outside the Strait of Hormuz. Six months into a war…...

1+ week, 3+ hour ago   (505+ words) The hesitation isn't a verdict that Europe’s rally is about to end. It reflects a less comfortable calculation after the rally already happened. The Stoxx Europe 600 now trades around 14.8 times expected earnings, above its 20-year average of 13.4, leaving managers asking…...