Wealth Management Industry News
A collection of Wealth Management latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Why Gevers Wealth Management Broke Away from Cetera
Willy Gevers, the founder of Issaquah, Wash.-based Gevers Wealth Management, started his own firm with broker/dealer Cetera 21 years ago. He hadn't entertained the idea of shifting to an independent registered investment advisor model until the…
Modern Wealth Acquires Legacy Wealth Management in Florida
Modern Wealth Management, an acquisitive $12 billion registered investment advisor co-founded by former United Capital executives, has acquired former LPL Financial affiliate Legacy Wealth Management, a South Florida-based advisory firm managing…
NVIDIA Corporation $NVDA Shares Sold by SeaCrest Wealth Management LLC
SeaCrest Wealth Management LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,695…
Industrials Down on Energy-Shock Duration Fears - Industrials Roundup
Shares of industrial and transportation companies ticked down amid concerns about the duration of an energy shock. French carrier Air France-KLM and German airline Deutsche Lufthansa said they had submitted nonbinding offers for a minority stake in…
Empirical Financial Services LLC d.b.a. Empirical Wealth Management Trims Holdings in Texas Instruments Incorporated $TXN
Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.2% during the 4th quarter, according to its most recent filing with the Securities…
Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM
Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 20.1% in the fourth quarter, according to the company in its most…
CSW Industrials Raises Quarterly Dividend by 11%
CSW Industrials' board raised the diversified industrial company's quarterly dividend to 30 cents a share from 27 cents. The new payout, equal to $1.20 a year, represents an annual yield of about 0.46%, based on Wednesday's closing price of…
Microchip: Growth Trend Improving After Major Plunge (NASDAQ:MCHP)
Microchip's steep 2024-2025 revenue declines were driven by excess customer inventories post-Preferred Supply Program, but distributor inventories are now normalizing. All major product segments: MCU, analog, and FPGA, are showing double-digit YoY…
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0741 GMT – Singapore banks will benefit indirectly from the Middle East conflict as investors look for stability, UOB…
Consumer Cos Down as Energy Shock Weighs - Consumer Roundup
Consumer companies fell as fears about an energy shock offset generally strong economic data. The average price of a gallon of regular gasoline in the U.S. has risen to $4.08, according to AAA. That's likely to go higher after oil futures in New…
Utilities Up on Defensive Bias -Utilities Roundup
Shares of power producers rose as Treasury yields slipped due to hopes for a swift end to the global energy shock. Oil futures surged by more than 12% in New York. French oil major TotalEnergies and Abu Dhabi Future Energy, also known as Masdar…
Financials Flat as Private Credit Fears Persist - Financials Roundup
Shares of banks and other financial institutions were more or less as private-credit fears percolated. Investors in two of Blue Owl's biggest private-credit funds asked to pull out some $5.4 billion in the first quarter, adding to the growing…
Retirement 'magic number' jumps as Americans grow anxious about their financial futures
The 'magic number' that Americans believe they need to have saved for retirement jumped from a year ago as some express anxiety about their retirement savings. Northwestern Mutual released a study on Wednesday which found that the amount of…
Communications Services Down as Traders Hedge on Oil Views - Communications Services Roundup
Communications-services fell as traders hedged their bets on the outlook for an energy shock. French advertising giant Publicis Group agreed to buy sports-marketing agency 160over90 from talent firm WME Group, reflecting the growing prominence of…
Health Care Down, Trimming Gains - Health Care Roundup
Health-care companies fell, trimming recent gains, as traders rotated into sectors more sensitive to shifts in the geopolitical outlook. The U.S. will impose tariffs of up to 100% on branded pharmaceuticals, the White House said Thursday, though…
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