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UBS CEO gets 11% pay hike
YOUR PRACTICE PRACTICE MANAGEMENT MAR 06, 2023
UBS CEO gets 11% pay hike

Ralph Hamers received $13 million for his second full year in the job while the overall bonus pool for the rest of the firm was cut 10% to $3.3 billion.

Gensler steps up warnings to money managers
INVESTING ALTERNATIVES MAR 02, 2023
Gensler steps up warnings to money managers

The SEC chairman said using predictive data technologies may create 'inherent conflicts' of interest for investment advisors.

New ETFs let investors bet for or against Jim Cramer's picks
INVESTING MUTUAL FUNDS MAR 02, 2023
New ETFs let investors bet for or against Jim Cramer's picks

The funds are the brainchild of the manager behind anti-ARK ETF, which gave investors an easy way to wager against Cathie Wood's flagship strategy.

Senate passes anti-ESG bill; Biden threatens first veto
RETIREMENT RETIREMENT PLANNING MAR 01, 2023
Senate passes anti-ESG bill; Biden threatens first veto

The bill to block a Labor Department rule making it easier for retirement plans to weigh ESG issues in investment decisions passed 50-46, with two Democrats voting with Republicans to pass the measure.

Cash offering bigger payouts than 60/40 portfolio
NEWS INDUSTRY NEWS MAR 01, 2023
Cash offering bigger payouts than 60/40 portfolio

The yield on six-month US Treasury bills rose as high as 5.14% Tuesday, the most since 2007.

Goldman hints at deeper consumer cuts during investor day
NEWS INDUSTRY NEWS MAR 01, 2023
Goldman hints at deeper consumer cuts during investor day

The bank cited its asset and wealth management business as the area offering the most significant growth opportunity.

Biden plans to name Julie Su as next Secretary of Labor
RETIREMENT RETIREMENT PLANNING FEB 28, 2023
Biden plans to name Julie Su as next Secretary of Labor

Su, who would become the first Asian American Cabinet secretary in Biden’s administration, would replace Marty Walsh.

Supreme Court dubious about Biden student-loan relief plan
NEWS INDUSTRY NEWS FEB 28, 2023
Supreme Court dubious about Biden student-loan relief plan

Justice Brett Kavanaugh suggested he is wary of expanding presidential powers during national emergencies.

Nearly $2.5 billion flows into cash-like ETF
INVESTING MUTUAL FUNDS FEB 27, 2023
Nearly $2.5 billion flows into cash-like ETF

Last week, the iShares Short Treasury Bond ETF had the biggest weekly influx since the depths of the pandemic in March 2020.

Morgan Stanley team with $715 million joins Americana Partners
NEWS WIREHOUSES FEB 27, 2023
Morgan Stanley team with $715 million joins Americana Partners

The team of eight in Midland, Texas, was brought to Americana by Dynasty Financial Partners.