The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Billionaire Charlie Munger Reveals The Reason Berkshire Hathaway Is Sitting On $88 Billion in Cash

The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway.

Franklin Templeton to Buy Putnam as Desmarais Family Exits

Franklin Resources Inc. is buying Putnam Investments from its Canadian owners in a consolidation of two asset managers that struggled to find growth.

Citi Strategist Says Tech Stock Rally Is Now at Risk of Fizzling Out

After 31% surge in US technology-heavy Nasdaq 100 Index this year, market strategists at odds about whether investor positioning is getting crowded.

Summers Sees Higher Fed Interest Rates, Increased US Taxes

Former Treasury Secretary Lawrence Summers sees US interest rates headed higher in the short-run and US taxes rising significantly in the longer run.

Hedge Funds Are Deploying ChatGPT to Handle All the Grunt Work

Latest artificial-intelligence hype is powering a massive surge in the stock market on bets that a new era of innovation is nigh.