Stocks rose in early trading and bond yields fell, with the latest inflation report coming roughly in line with Wall Street’s estimates. S&P 500 futures signaled the US equity benchmark will extend this week’s gains, buoyed by big tech earnings. Treasury two-year yields, which are more sensitive to imminent policy moves, fell three basis points to 4.96%. The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March, reinforcing concerns of persistent price pressures. The so-called core personal consumption expenditures price index, which strips out the vola ..read more

Intuitivism isn’t a traditional trait you’d associate with financial planning, but for Ellen Rogin it’s a key part of her client strategy. As an abundance activist at Create Great, director of Metropolitan Capital, NY Times bestselling author and speaker at InvestmentNews’ upcoming Women Advisor Summit in Chicago, Rogin believes that this unique approach to wealth building is something that benefits the client in more ways than one. “When I had my practice, I think I was always very intuitive with [my clients],” she says. “Because what I would hear consistently after we met is ‘I feel so much ..read more

Credent Wealth Management, a $2.5 billion AUM fee-only registered investment advisor firm headquartered in Auburn, Indiana, has added two new firms to its growing network of partners. The firm’s partnership model enables firms to maximize and monetize their wealth and create a succession plan supported by Credent. The firm was founded in 2018 and has welcomed 12 partner firms including seven in the last 24 months. It serves 2,800 clients across nine Midwest locations The latest partner-advisors are William “Bill” Hoover of Euclid Advisory and James “Jim” Ward of Ward Wealth Management Services ..read more

Women remain anxious about their long term financial security despite supposedly gaining from the Great Wealth Transfer. A report from Penny Finance reveals findings from its survey of almost 6,000 women aged 18-74 and highlights that projections that women will benefit from the transfer of wealth from older generations may be wide of the mark, given that only a small percentage of women are likely to receive an inheritance and may have already done so. What about the majority? Two thirds of the survey’s respondents said they have anxiety about money and two thirds have debt including student ..read more

European stocks gained along with US equity futures following blockbuster earnings from Microsoft Corp. and Alphabet Inc. The yen weakened to a 34-year low before paring losses in a sharp move, with traders on guard for any hints of intervention from Japan. The Stoxx Europe 600 climbed 0.6%, heading for its first weekly advance in four, with the technology sector leading gains. Miners rose as copper hit $10,000 a ton for the first time in two years, though Anglo American Plc underperformed after rejecting BHP Group’s $39 billion takeover proposal. Chemicals were the only sector in th ..read more

A selloff in global bonds paused as traders waited for US inflation to shed light on whether the Federal Reserve will be able to cut interest rates this year. Treasuries gained on Friday after a rout this week pushed yields to their highest levels of the year, with European rates following suit. Japan’s benchmark notes advanced after the nation’s central bank kept its key interest rate unchanged. Investors now await a series of US inflation reports to fine tune their bets on when the Fed will begin cutting interest rates. Evidence that price growth remains sticky has pushed the expected start ..read more

Investors pulled a net $218 million from US Bitcoin exchange-traded funds, one of their worst daily outflows as demand for risky investments takes a knock from fading hopes for Federal Reserve interest-rate cuts. Thursday’s figure encompasses a $23 million drawdown for the Fidelity Wise Origin Bitcoin Fund, the first since the product began trading on Jan. 11 along with a batch of peers such as BlackRock Inc.’s iShares Bitcoin Trust. While the group of almost a dozen ETFs broke records on the way to amassing combined assets of about $54 billion to date, demand slumped recently. US inflation da ..read more

New bank capital rules recently put forward by Switzerland may crimp UBS Group AG’s ability to carry out share buybacks, weakening the firm’s appeal for investors, according to KBW analysts. UBS faces additional capital needs of $17 billion if the sweeping changes were to be adopted, KBW analysts Thomas Hallett and Andrew Stimpson wrote in a note Friday. “Simplistically,” that requirement would translate into a reduction of $1.7 billion in annual payouts over a 10-year period and it would also be a drag on profitability, they said.  That risk “is clearly unhelpful for a stock already trad ..read more

As registered investment advisors face an increasingly complex landscape marked by rapid technological advancements, changing client demographics, market uncertainty, and emerging investment opportunities, the path to sustainable growth and competitive differentiation has become more challenging than ever. In a recent webinar, several Goldman Sachs executives, along with Cameron Dawson, CIO of NewEdge Wealth, an RIA, gave advisors insight into the types of investment opportunities RIAs can use to help build their book of business and ultimately their clients’ wealth. When it comes to building ..read more

New research by Cerulli Associates indicates that financial advisory practices that integrate technology extensively are experiencing more rapid growth compared to those that do not. The findings, detailed in the research and consulting firm’s “State of US Wealth Management Technology 2024” report, are the latest addition to the rich body of knowledge confirming the advantages of wealth technology for advisors. According to the report, advisory practices that lean heavily into technology gain a valuable edge over their competitors, as they do better in attracting new clients and managing large ..read more