06/08/2023
Goldman Sachs Asset Management Announces Liquidation of Goldman Sachs MLP and Energy Renaissance Fund
"GSAM remains one of the largest asset managers in the energy infrastructure sector."
Comment, Analysis & Research
06/06/2023
How much could you earn working for a family office?
A greater number and calibre of wealth professionals is required as the industry matures and expands globally
06/05/2023
US banks prepare for losses in rush for commercial property exit
Lenders prepare to offload debt at a discount even when borrowers are up to date on payments
06/05/2023
Bank of America CEO says company to slow hiring, predicts ‘mild recession’
“We’re not making layoffs. We’re trying to do it by attrition, but even the attrition slowed to half what it was last year. And when I talk to other companies, I get the same input.” Moynihan told Brennan.
05/31/2023
The future of wealth advisory: new tech and deeper relationships
Owen O'Neill, Partner with PwC Canada Strategy&, explains how banks and advisors are balancing the benefits of technology with the needs of an aging client base
05/30/2023
Expert warns of 'Succession syndrome' among the wealthy
The dynastic issues of hit show reflect those experienced by wealthy families
05/29/2023
NYC Ditches Ties With Some Banks Over Discrimination Issues
The city made the move after seeking proof from financial institutions of their efforts to combat discrimination.
05/29/2023
U.S. Bancorp investors are sitting on a loss of 39% if they invested a year ago
Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns.
05/29/2023
Why Spending Cuts Likely Won’t Shake the Economy
With low unemployment and above-trend inflation, the economy is well positioned to absorb the modest budget cuts that President Biden and Republicans negotiated.
05/25/2023
Gen Z is piling into property as a wealth builder says Royal LePage
New property investment report shows that this traditional asset class is more popular than ever with young Canadians
05/23/2023
Bank Of America Predicts S&P 500 Will Test All-Time High This Year— But Other Experts Are Much More Cautious
Bank of America’s bullish forecast came amid a flurry of far more cautious predictions from Wall Street
05/22/2023
JPMorgan’s most senior asset managers never leave
The private bank is also training people a lot more than before.
05/17/2023
Ask CIO – Alternatives, equities, and fixed income
Economic uncertainty remains elevated, with worries over the US debt ceiling intensifying and central bank policy still in flux.
05/16/2023
Brown Brothers Harriman Research Finds 71% of Private Business Owners Believe Their Organizations Are Recession-Proof
In spite of economic uncertainty, the inaugural BBH Private Business Owners survey found that 69% of business owners increased efforts to grow their businesses
05/15/2023
Goldman Sachs resignation letter: Understaffing is part of the model
On balance, it's clear that Kleinlugtenbelt valued his time at Goldman and considers the firm a special place.
05/15/2023
Can gig-economy workers have a pension? Here’s an option you probably haven’t heard about
A pooled registered pension plan (PRPP) is a modern, professionally managed tax-assisted individual retirement savings vehicle that is portable between jobs and low cost.
05/12/2023
US Banks You Can Trust With Your Hard Earned Money
Asset-heavy, diversified and regulated banks like JPMorgan Chase, Wells Fargo, PNC Bank and U.S. Bank are among the safest banks in the U.S. and should be considered if you are weighing your options.
05/12/2023
Jamie Dimon warns panic will overtake markets as U.S. approaches debt default
Treasury Secretary Janet Yellen has said the idea that the country could default should be “unthinkable” and would lead to economic disaster.
05/12/2023
Equities still vulnerable despite lift from inflation data
US stocks got an initial boost after inflation data from the US added to hopes that an end to rate hikes is in sight. The Consumer Price Index rose 4.9% in the year to April, below the consensus forecast of economists for 5%.
05/11/2023
6 keys to growth for financial advisors revealed in new white paper
New business development can be challenging for FAs, but a new report aims to focus on what really matters for growth