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.

The Numbers Are In — JPMorgan & Citi — Receive Top Scores In Industry Assessment

In industry assessment Citigroup's wealth management division emerged as leader in digital satisfaction among comprehensive financial advisory firms.

China Wealth Manager Zhongzhi Flags Insolvency, $64 Billion in Liabilities

China's Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities.

Short Sellers Found Themselves On the Losing End

Hedge funds have experienced a significant setback, incurring losses of approximately $43 billion due to their short positions.

Landmark Settlement Between Binance and U.S. Authorities

Binance agreed to landmark settlement with U.S. authorities, including the Justice and Treasury Departments, involving a substantial fine of $4.3B.

Bank of America Forecasts S&P 500 to Reach Record 5,000 in 2024

The stock market has had a stellar run in 2023, and the equity strategy team at Bank of America expects another strong year in 2024.