thinkadvisor.com —  1+ day ago

...Many investors have rushed aboard the AI train already, driving the S&P 500"s gains in the year"s first half. ... ...One strategist noted in May that without intense investor hunger for artificial intelligence, U.S. stocks would have been down year to date.... ...There are so many different applications,” Bryan Armour, director of passive strategies research for North America at Morningstar Research Services... ...“There are plenty of options out there for folks that want to get access to AI in a package,” ETF expert Dave Nadig, financial futurist at investment...

thinkadvisor.com —  1+ day ago

...in independent practice, Hiram Arnaud cut his teeth at a big wirehouse -- in his case, UBS.... ...Why One Independent Advisor Avoids a Niche Approach Q&A May 26, 2023 at 02:27 PM Share & Print Like many financial advisors who are working today... ...Can you reflect on how your role as an independent advisor differs from what you were doing at UBS in the wirehouse setting?... ...One client might be an entrepreneur who is founding a new company....

thinkadvisor.com —  1+ day ago

...risks, indicate it's time to capitulate and take some gains, according to Alli McCartney, UBS Private Wealth Management managing director.... ...UBS" McCartney News May 26, 2023 at 02:35 PM Share & Print The narrowness of the U.S. stock market rally, along with high valuations and macroeconomic... ...to sort of capitulate a bit because at these levels,” she said, stocks are pricing in a Goldilocks economy or “immaculate” landing (in which the Federal... ...Reserve lowers inflation without much harm to the economy or labor)....

thinkadvisor.com —  1+ day ago

...Sales of individual MYGA contracts climbed 173% between the first quarter of 2022 and the latest quarter, to $40 billion, after rising 217% in the... ...The MYGA boom helped produce a 42% overall increase in total sales of the kinds of individual deferred annuities that Wink tracks, in spite of a... ...Wink is a Des Moines, Iowa-based firm that has been publishing quarterly annuity sales data since 1997.... ...Sheryl Moore, Wink"s CEO, said non-variable annuities are paying higher rates than bank certificates of deposit can offer....

thinkadvisor.com —  1+ day ago

...Cathie Wood"s ARKK Dumped Nvidia Stock Before $560B Surge Cathie Wood"s flagship exchange-traded fund closed out its Nvidia Corp. stake in early... ...The chipmaker has added around $560 billion in market capitalization since Wood dumped her shares -- with the last $200 billion of that surge coming... ...Only Tesla Inc., the Grayscale Bitcoin Trust, and Invitae Corp. have contributed more to the ETF"s total return since inception.... ...A spokesperson for ARK Investment Management said the company doesn't comment on trading activity....

thinkadvisor.com —  1+ day ago

...Wellington Cuts 5% of Workforce News May 26, 2023 at 01:55 PM Share & Print Wellington Management cut about 5% of its staff, becoming the latest... ...money manager to pare headcount as the industry adjusts to volatile markets after a tough 2022.... ...Vanguard Updates Advisory Teams on 2 Equity Funds “These changes will help us maintain the strength and stability our clients rely on, innovate and... ...BlackRock Inc., the world"s biggest asset manager, said at the beginning of the year that it would cut about 2.5% of its workforce after sharp market...

thinkadvisor.com —  2+ day ago

...Molo in U.S. District Court for the Northern District of Illinois.... ...Ex-Edward Jones Rep Sentenced to 2 Years in Prison for Scamming Clients   News May 25, 2023 at 02:35 PM Share & Print An ex-Edward Jones broker who... ...Molo joined Edward Jones as a broker in May 2001, according to his report on the Financial Industry Regulatory Authority"s BrokerCheck website.... ...Securities and Exchange Commission He was initially charged with six counts of wire fraud, the indictment noted....

thinkadvisor.com —  1+ day ago

...From November 2019 to September 2020, the Vanguard Group business overstated projected yield and annual income for nine money market funds, affecting... ...Marketing Corp. $800,000 and censured the brokerage firm for inaccuracies on millions of account statements and for failing to quickly address customer... ...In September 2020, for example, account statements displayed an estimated 1.87% yield for the Vanguard Federal Money Market Fund but, after the error... ...Marketing Corp. failed to update the data it used to calculate the estimated yield and annual income figures for some money market funds held as...

thinkadvisor.com —  1+ day ago

...They wintered in Florida. They received seminar invites for dinner events at their Florida address.... ...15 Creative Client Events Advisors Can Host Slideshow May 26, 2023 at 02:05 PM Share & Print “We are clients, too....

thinkadvisor.com —  1+ day ago

...Cathie Wood Defends ARKK"s Move to Dump Nvidia By Carly Wanna & Caroline Hyde News May 26, 2023 at 03:05 PM Share & Print Cathie Wood defended her... ...firm"s decision to bail on Nvidia Corp. before the chipmaker"s shares surged 160%, saying the computer-chip industry"s boom-bust cycle poses risks... ..., Wood said, citing companies like Tesla Inc., Meta Platforms Inc., and Alphabet Inc. that are developing their own chips.... ...“As far as Nvidia goes, there are a few reasons we take some pause,” Wood said in an interview on Bloomberg TV....