The technology sector has long been a favorite among investors, representing more than 26% of the value of the S&P 500. More than 15% comes from tech's Big Five: Facebook (ticker: FB), Amazon.com ( AMZN), Apple ( AAPL), Netflix ( NFLX) and Alphabet ( GOOG, GOOGL).
Bad news, gals. No doubt we've come far financially, but many of our strides have hit a brick wall thanks to COVID-19. Last month, Edelman Financial Engines, an investment management firm, released survey results that, among other things, revealed that women, on average, face a year or more to recover from COVID-19 related financial setbacks.
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By Richard Eisenberg, Next Avenue After living with the Covid-19 pandemic for a year, are Americans feeling less confident about their ability to live comfortably throughout retirement? The new Employee Benefit Research Institute (EBRI) 2021 Retirement Confidence Survey has the answer: No (by and large).
As the pharma services giant has added 12,000 jobs over the past decade, H&F and Carlyle are set to produce 5.5x and 3x-plus multiples of investment, respectively, sources tell PE Hub.
AdvisorPeak launched a virtual means for RIAs to trade, rebalance and custody cryptocurrencies with Prime Trust; Fidelity will soon add Ethereum Brooke's Note: It's worth a reminder; RIAs don't sell products. They sell a process. That process happens to often include buying and selling products or other assets.
Evangelical Christian money guru Dave Ramsey has a simple approach to saving and living that just got complicated. The company founded and run by Ramsey, a household name despite having no formal financial planning credentials, is being sued after firing nine employees for having sex out of wedlock.
Much has been said about the importance of teaching your children about money. Yet you may not know where to start or even feel like you know enough about finances yourself. "Many parents avoid trying to improve the financial literacy of their children because they lack confidence themselves," said certified financial planner Thomas Henske, partner at Lenox Advisors in New York.
kate_sept2004 | E+ | Getty Images Much has been said about the importance of teaching your children about money. Yet you may not know where to start or even feel like you know enough about finances yourself.
FAIRFAX, Va.--()--Does stock market volatility keep you up at night? Join Edelman Financial Engines for a special virtual event webinar that reveals how our new service offering, Downside Defense™ lets you invest in a diverse portfolio while helping protect your downside.
There are many reasons advisors might dismiss Bitcoin and other cryptocurrencies. They're largely unregulated. To say they're volatile is an understatement. And the fintech infrastructure for accessing, custodying, reporting, and billing on digital assets is still in its early stages. But crypto is here, like it or not.
A year ago, M&A activity among registered investment advisory firms slowed to a trickle as the coronavirus pandemic set in. Now, it's breaking records. Deal volume is mushrooming, and acquisition targets are getting bigger too, according to a new report from Echelon Partners, the investment bank and consulting firm.
Much has been made of the "she-cession" caused by Covid-19. Compared to men in the U.S., women have been disproportionately harmed by the pandemic. The industries hardest hit - travel, education, hospitality and retail - employ (and therefore laid off) mostly women.
A year ago, M&A activity among registered investment advisory firms slowed to a trickle as the coronavirus pandemic set in. Now, it's breaking records. Deal volume is mushrooming, and acquisition targets are getting bigger too, according to a new report from Echelon Partners, the investment bank and consulting firm.
While the country was obsessed last year with the pandemic and the presidential election, financial advisor Ben Hockema turned himself into a cartoon character. To generate interest from prospects, Hockema commissioned an animated explainer video to showcase his practice.
The ex-AssetMark CEO says his new gig is anchored by a well-oiled team * Fidelity has crypto heft and bitcoin's history moved a decade in a year * Moelis pays $10,000, in installments Charles Goldman is now chairman of a publicly traded $240-million pile of cash overseen by a mafia of ex-iShares masterminds including a CEO who is a former colleague at AssetMark.
Yahoo Finance's Alexis Christoforous moderated a webinar about the obstacles women face when it comes saving during the pandemic. Participants included officials from the Bipartisan Policy Center, Edelman Financial Engines, the Global Financial Literacy Excellence Center, the Aspen Institute, and the American Council of Life Insurers.
Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for the Financial Advisor, Investment Advisor, Financial Planner, Financial Planning, RIA, Retirement Planning, ETFs, Alternative Investments, Investment News, Broker-Dealer, CFP, Wealth Manager. Financial Advisor magazine produces the Alternative Investment Strategies, Retirement Strategies, and Fiduciary Gatekeeper conferences.
Shares of education tech company Coursera opened at $39 apiece in its market debut Wednesday on the New York Stock Exchange. On Tuesday, Coursera priced its 15.73 million shares at $33 apiece - the high end of its initial $30 to $33 target range.
The firm had $260 billion in AUM as of Dec. 31. With the backing of Hellman & Friedman and Warburg Pincus, Edelman Financial Engines said it enters "its next phase of growth grounded in its unwavering mission to bring more financial help to the many that need and deserve it."