Despite the economic uncertainty caused by the pandemic—or possibly because of it—US retirement account balances rose to record levels during the fourth quarter of 2020, as reported by Fidelity Investments. The firm said individual contributions to individual retirement accounts (IRA), as well as 401(k) and 403(b) retirement accounts remained strong during the last three months of the year.
Amid the flood of alternative investment products, Fiduciary Trust International cuts through marketing noise with methodical discipline. Erick Rawlings and his team treat private equity, hedge funds, and real assets as essential portfolio building blocks—not side bets. With manager selection dispersion reaching 60% in venture capital, rigorous due diligence becomes critical. Rawlings emphasizes aligning client intentions with long-term commitments, viewing alternatives as strategic tools rather than magic bullets for targeted outcomes.
U.S. Commerce Secretary Howard Lutnick said he expects the country to collect $50 billion a month in tariff revenues or more - up from $30 last month.