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.
Comment, Analysis & Research
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
05/11/2023
Wealthy Americans are getting hit hardest by the economy slowing down
“A labor market slowdown driven by the higher end of the income scale could have an outsized impact on the overall economy,”
05/10/2023
Resolving conflict with communication: Why talking it out can save Family Business
The report, which surveyed more than 100 family businesses from the United States and Canada with an average annual revenue of more than $340 million
05/10/2023
What Happened to Signature Bank? Who Bought It?
The New York-based regional bank, which catered to wealthy clients, was allegedly connected to some of crypto giant FTX’s fraudulent activities.
05/09/2023
Winning HNW Clients Can Take Years: RayJay FAs
Nearly half of high-net-worth investors plan to change or add wealth relationships over the next two years, according to a 2022 survey by PwC.
05/09/2023
US threatens to put debt ceiling through breakpoint test
The US breached its USD 31.4 trillion debt ceiling in January, and the nation now owes more than USD 31.7 trillion, and counting.
05/08/2023
Why family philanthropy isn't just about writing a check
Family office advisor explains friction points in high-net-worth giving, and what holds back intergenerational planning
05/08/2023
Banks are divided on how to tackle ESG pressure from stakeholders and lack clarity on who's responsible for managing climate risks
A new study from Bain & Company finds 40% of banks are still coordinating ESG initiatives through centralized teams, rather than embedded within business lines as is best practice
05/05/2023
Bank of America: UHNW clients see art as key asset 'more than ever'
Fine art, long seen as a stable asset class that performs independently of other investments, is king for many rich clients, according to Bank of America's Head of Art Services Drew Watson.
05/05/2023
US government debt climbs to $24.8 trillion
Debt interest payments now equivalent to one-third of Social Security budget
05/04/2023
Mike Ryan: Errors of omission versus errors of commission
There are effectively two types of errors that plague decision makers – errors of omission and errors of commission.
05/04/2023
Canadian banks continue feeling the pain from US banking volatility
Worst impacts were apparent in Canadian banks that have significant US-based divisions
05/02/2023
How to invest a lump sum
Can a phase-in strategy help to avoid bad timing risk?
05/02/2023
BofA Survey: 76% of Small Businesses Feel Well-Equipped to Survive a Recession
Entrepreneurs Remain Focused on Attracting and Retaining Talent Amid Inflation and Supply Chain Pressures
04/26/2023
ABA, state groups: U.S. banking sector remains resilient
“While banks may have different business models and strengths, institutions succeed when they meet the needs of the communities they serve.”