2+ week, 5+ day ago   (849+ words) Treasury Secretary Scott Bessent refrained from any further signals on revamping US debt management on Monday, following a report that his department could draw down some of its cash pile to fund buybacks of higher-yielding older securities. “We haven’t bought…...

3+ week, 1+ day ago   (616+ words) Morgan Stanley Wealth Management has halted its relationship with Forbes and Shook Research’s advisor rankings following a report of an undisclosed $6 million payment between R.J. Shook and Forbes’ former top editor. “After careful consideration, we have decided that Morgan Stanley…...

3+ week, 2+ day ago   (526+ words) Edward Jones & Co. is piloting a program called Edward Jones Digital Managed Solutions, a mostly automated investment platform that offers users some assistance from remote advisors. The program marks the St. Louis-based brokerage’s latest move to modernize its 100-year-old model....

3+ week, 3+ day ago   (638+ words) Billionaire Ken Fisher’s eponymous firm appears to be betting that the longest-dated US bonds will rally, a contrarian stance that seeks to capitalize on yields close to their highest in two decades. A spokesperson for Fisher Investments said the firm…...

3+ week, 3+ day ago   (205+ words) Wealth Enhancement, a Minneapolis-based RIA with around $160 billion in client assets, has acquired a firm in Washington state with one advisor managing $644 million in assets. Michael G. Weinand had founded the RIA, Weinand Financial, in 2023 in Lacey, Washington, after leaving LPL…...

3+ week, 4+ day ago   (186+ words) Financial advisors need to understand the perils and pitfalls that can accompany a poorly run bill pay system and put themselves in a position to solve those issues before they become real problems. Understanding family office expense management can help…...

4+ week, 1+ day ago   (442+ words) The US Securities and Exchange Commission is proposing to ease a rule that restricts investment advisers from working for public pension funds if they’ve made political donations to state and local elected officials. The regulator sent proposed changes to the…...