While most ultra-wealthy people may think they’re like everyone else, they’re not. They have unique financial needs and challenges. At some point — often after making avoidable financial errors — they recognize that they need assistance managing the complexities of their everyday lives.
Our team at The Collaborative lost one of our long-time coaches this week to cancer. Cathy Manning was not only an amazing coach, she was a dear friend of mine from the time we worked at John Hancock together in Investment Marketing decades ago. This column is dedicated to some of the Cathy-isms I learned over the years watching her adeptly coach our clients.
When advisors shift from being prepared with answers to being present with questions, the conversation becomes more alive. Clients feel that there is room for them, not just space for information. That sense of room keeps clients engaged.
2026 may already be more than a month in, but advisors and investors are still quite keen to navigate the complex geopolitical market in order to find the most opportune investment opportunities.
In a notable shift for the start of 2026, the S&P 500 is experiencing a divergence in factor performance. Typically, high beta (aggressive, high-risk) and low volatility (defensive, safe-haven) factors sit on opposite sides of the seesaw. When one goes up, the other usually comes down.
US mortgage rates slipped last week to the lowest level since 2022, generating more refinancing activity.
JPMorgan Chase & Co. and Bank of America strategists are urging clients to buy Venezuelan global bonds with large piles of unpaid interest, betting they could outperform ahead of a potential debt restructuring.
The threat to software-backed businesses from artificial intelligence should prompt investors to shift focus from technology to companies that toil in the physical world, like miners, power producers and industrial firms, according to Ulrike Hoffmann-Burchardi, global head of equities and chief investment officer for the Americas at UBS Wealth Management.
Nvidia Corp.’s earnings report on Wednesday afternoon comes at a critical time for the US stock market with investors increasingly nervous about the outlook for artificial intelligence.
As the artificial intelligence (AI) transformation unfolds, Portfolio Managers Denny Fish, John Lloyd, and John Kerschner share their views on equity valuations, identifying the next wave of winners, and the impact on fixed income markets as companies aggressively raise capital to finance the AI boom.
The playing field presents broad opportunities for income investors today, with income and growth potential across asset classes. But an effective defense is also critical in capturing that potential. When it comes to the tools of the trade, we think broader is better.
Money – everybody wants it, but few actually have it. As shown in recent financial statistics, the “wealth gap” in America continues to grow between the “haves” and the “have-nots.”
Gold’s sharp swings and a new Federal Reserve chair are not separate stories. In a recent episode of the Money Metals podcast, Mike Maharrey sat down with Axel Merk, President and Chief Investment Officer of Merk Investments, to connect the dots between market turbulence and what may be a structural shift at the Fed.
On Friday, the Supreme Court struck down most of the tariffs the Trump administration had imposed over the past year. The question before the court was not whether the tariffs themselves were illegal, but whether the mechanism by which they were enacted was legal.
Stripped to its essentials, finance is a race against time. What lies ahead of us is unknown, and the vast industry of banking and finance has developed to manage the risks that come with making commitments now that depend on an uncertain future.
Routine physical checkups are an important component of healthcare. A doctor can identify potential problems and coach the patient toward making healthier choices.
LPL Research’s Strategic Asset Allocation (SAA) sits at the center of our portfolio construction process because it defines how we expect diversified portfolios to generate more stable long‑term outcomes across shifting market environments. The SAA is the long‑term plan for how major asset classes work together in a portfolio.
To stay at the forefront of lifecycle investing, fiduciaries must continually evolving to meet the changing realities of markets, participants, and longevity.
The breadth of opportunities in 2026 is unlike anything we’ve seen since 2010. While markets remain fixated on crypto, AI, and speculation, leadership is already shifting toward more fundamentally strong, under-owned regions of the world.
Every market cycle has its own character, but certain patterns appear frequently enough that they deserve attention. This is especially true when evaluating early-year rallies in small caps.
Advising clients through divorce requires both a deep dive into assets as well as a command of the softer skills — supporting them through the emotional ups and downs ahead and their financial plan post breakup.
As the hunt for yield and stability remains a cornerstone of portfolios in 2026, a group of iShares short-term bond ETFs have made a strategic move to the Big Board today.
Advisors who focus exclusively on public markets risk missing meaningful exposure to the infrastructure build-out powering AI and the broader digital economy. Now is the time for advisors to understand this landscape and help clients participate in a long-duration trend that is fundamentally reshaping how the world works.
Corporate bonds are exposed to abrupt downside as liquidity providers are increasingly replaced by liquidity takers.
Day after day, Wall Street investors fret that artificial intelligence could disrupt white-collar industries by turning expert human judgment into code.
According to the UN World Tourism Organization, an estimated 1.52 billion international tourists traveled the world in 2025. That’s nearly 60 million more than the year before, representing 4% growth, and it marks a return to the steady, pre-pandemic growth trend of 5% annually that the industry enjoyed between 2009 and 2019.
Both financial and emotional growth are about healing and integrating the past instead of erasing it. When our money decisions become Self-led rather than fear-led, we gain both greater financial flexibility and a deeper sense of internal safety.
Fourth-quarter GDP came in at 1.4%, a sharp markdown from early estimates that were inflated by a temporary collapse in the trade deficit.
In this video, Chuck Carnevale, co-founder of FAST Graphs and known as “Mr. Valuation,” explains a fundamental truth every investor must understand: valuation matters, and it matters a lot. Responding to subscriber questions about software companies, AI disruption, and specific stock requests, Chuck uses real examples to teach the core principles that drive long-term investment success.
The captains of artificial intelligence are an impatient lot. There’s good reason for the existence of the Silicon Valley cliché “move fast and break things.” They are certainly moving fast on the buildout of AI infrastructure, rolling out eye-popping spending budgets to buy computer chips and construct data centers to house them.
The global energy transition is accelerating, and 2026 is shaping up to be an active year for renewable energy development. As we see it, private credit’s central role in financing the power build-out and its ability to structure flexible solutions for borrowers is likely to generate attractive return opportunities for investors.
Raymond James Chief Economist Eugenio J. Alemán discusses current economic conditions
Get ready each week with high-conviction insights that go beyond media headlines.
An unintended consequence of the brutal bear market in Bitcoin has been to focus the blockchain industry’s attention where it is most needed: real-world assets.
It’s been a wild few months for software and other “middleman” stocks. First, there was “SaaSpocalypse,” in which investors dumped enterprise software purveyors that help companies manage accounts and internal workflows.
As we expected, the Supreme Court struck down most of the new tariffs President Trump had imposed since taking office thirteen months ago.
The U.S. economy is all in on artificial intelligence (AI). But there are some natural limitations to progress which will have to be carefully managed.
Wealth management tech helps RIAs scale, but integration challenges and learning curves remain barriers to maximizing effectiveness.
Join the experts at Victory Capital and VettaFi as they unpack how FCF can help portfolios navigate the risks of today’s market while capturing opportunities.
Given the divergence between the calm market surface and the volatility of its underlying stocks' returns, let's get a better grip on the market’s undercurrent and decipher what it may be trying to tell us.
One underused alternative sits quietly in the options market: the short box spread. When used correctly, it allows advisors to treat borrowing as a fixed, collateralized financing decision, rather than an improvised margin advance.
Until I read Hannah Ritchie’s new book, “Clearing the Air: A Hopeful Guide to Solving Climate Change in 50 Questions and Answers,” I was inclined to believe the view of Mark Mills, a former senior fellow at the Manhattan Institute, that a transition away from society’s dependence on hydrocarbons “is not feasible in any meaningful time frame.” But Ritchie changed my mind.
Income rather than price is the primary driver of FRN returns. As policy rates and SOFR move, FRN coupons adjust accordingly, allowing income to rise in higher-rate environments and decline when rates fall.
The placid surface of an equity market that’s treaded water for months is masking dramatic swings underneath, as stock moves whipsaw traders and threaten more turbulence ahead.
The central theme of 2025 was the disconnect between market sentiment and economic reality. The year began with widespread apprehension regarding aggressive tariffs and forecasts of a recession.
Pay for top bosses at the biggest US banks has reached new records in the past couple of years, surpassing even what chief executive officers got in the pre-crisis peak of 2007. Someday these vast rewards might run dry. After all, in the age of artificial intelligence, what is a CEO even for?
With his move to impose new global tariffs, US President Donald Trump isn’t just trying to repair a trade policy dismantled by a Supreme Court rebuke. He’s also declaring the world’s largest economy is facing a profound balance-of-payments crisis.
“China is dumping US Treasuries to get out of the dollar.” This claim has been circulating the mainstream feeds lately, with the narrative that the “end of the dollar is near,” or “the US will lose its funding base,” and “bond yields will surge.” But are those claims valid? Such is what we will explore in more detail.
Is inflation rising or falling? Is unemployment solid or are there significant issues? Given the massive revisions of labor data, how can we base decisions on employment numbers? And what happens when the various collected data conflicts with themselves?
A tweak here, a twiddle there, and now possibly a 3% sweetener on the price. It’s all progress. But the billionaire Ellison family has yet to make an offer for Warner Bros Discovery Inc. that clearly beats the studio’s December deal with Netflix Inc.
