NYCB’s Tense Talks With Watchdog Led to Moves That Rocked Market
Mounting pressure from a top US watchdog led to New York Community Bancorp’s surprise decision to slash its dividend and stockpile cash.
Senators Cruz and Hagerty Seek Hands Off Approach to AI Regulations
The newly proposed Senate legislation aims to preemptively halt SEC impending regulation concerning AI usage within financial services.
Jamie Dimon Warns of Market ‘Rebellion’
After Jamie Dimon warns of market ‘rebellion’ against $34 trillion national debt. Fed’s Jerome Powell says it’s past time for an ‘adult conversation’.
Dynamic Advisor Solutions: From Peaks To Soft Landings
As January came to an end, the stock market found another victory with a third consecutive month of positive returns as the S&P 500 gained more than 1%. The stock market had a nice runup in the two weeks leading up to the Federal Reserve (Fed) meeting on Jan. 31, 2024. As expected, there was no rate change at this meeting. Unfortunately, the market had a negative reaction as Fed Chairman Jerome Powell announced that they may not be comfortable enough to cut rates in March.
AssetMark: Overcoming the 3 Main Challenges to Offering Tax Management Services
While the old adage goes that the only things certain in life are death in taxes, new capabilities are now available to financial advisors that help them ease their client’s taxable burdens through tax-efficient investing. Advisors already employ many tax-optimization strategies in non-qualified, taxable accounts, such as tax-loss harvesting. Providing tax management services is a logical addition, yet many advisors hesitate to integrate tax optimization into their portfolio management.