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The Trillion Dollar Club Is Evolving
The trillion-dollar club is evolving, and the shift matters for wealth advisors evaluating where long-term market leadership may emerge over the next decade.
Pimco CIO Sees Risk of Fed Hiking Rates Due to Iran War, FT Says
(Bloomberg) - The war in Iran may lead the Federal Reserve to further delay interest-rate cuts and instead raise rates, Pimco Chief Investment Officer Dan Ivascyn told the Financial Times.
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Powell Says Fed Can Wait to Reduce Interest Rates as Trump Demands Cuts
Fed will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said.
Envestnet Expands Access To Alts: Integrated Models, Advisor-Traded Capabilities
Through partnerships with BlackRock, Fidelity Investments, Franklin Templeton, State Street Global Advisors and Envestnet | PMC, Envestnet is launching professionally managed model portfolio strategies with allocations to semi-liquid alternatives and alternative ETFs. These solutions are designed to help advisors deliver greater diversification, income, and long-term growth potential while maintaining operational simplicity.
Wealthfront Signals IPO Intentions with Confidential Filing
Palo Alto-based robo-advisor Wealthfront has taken a significant step toward going public by confidentially filing for an initial public offering.
Hedge Fund Leverage Reaches Five-Year High, Buying Bank Stocks, Goldman Sachs Says
Hedge fund leverage hit a five-year high last week, with speculators buying banks, trading companies and insurance firms, Goldman Sachs data showed.