Relationships Financial News

A recent study highlights a significant gap in financial understanding among Americans, with nearly 43 percent of participants admitting they’re not clear about what a 401(k) retirement plan is.

LPL is once again expanding its presence in the Lone Star State as it adds two seasoned advisors from Wells Fargo, Alejandro “Alex” De Leon and Robert “Bob” Gorman, to its network.

Back in 1940 when the first RIAs were established, there was no such thing as computers, or account management software, much less an RIA tech stack. These days, companies like RIAs are fortunate to have all the tech tools available to assist in crucial tasks, such as account management. 

New research from Ameriprise shows that while American investors who are in committed relationships trust each other with financial decisions and share similar retirement aspirations, many have not fully discussed or agreed on crucial financial details.

Your Customer Relationship Management (CRM) tool is by far the most important part of your RIA firm’s tech stack. A recent study showed out of several hundred RIA firms surveyed, 94% of respondents cited a CRM tool as their top priority.  

As Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates.

Lok Sabha Elections 2024: The Bharatiya Janata Party (BJP) has promised in its manifesto to introduce the Uniform Civil Code (UCC) across India if it comes to power. This code would replace existing personal laws like the Hindu Marriage Act, the Parsi Marriage and Divorce Act and the Christian Marriage Act with a single set of laws for all citizens. In February, Uttarakhand became the first Indian state after Independence to approve the UCC.

₹1 change in gross marketing margin substantially impacts the Ebitda (earnings before interest, taxes, depreciation, and amortization) margins of oil PSUs by over 20%. Increased LNG prices or supply shortages would adversely affect gas companies like GAIL, Petronet LNG, and city gas distributors such as Gujarat Gas, IGL, and Mahanagar Gas. Additionally, the windfall tax limits profit margins for producers like ONGC and OIL, capping net realizations at around $75 per barrel.

Did you apply for a personal loan and receive a rejection from the bank despite having a good CIBIL score? Though there are several grounds on which a bank can reject a loan application, one reason might be your repayment capacity.

Dakota Johnson, renowned for her role in Fifty Shades of Grey, delves into a project showcasing her acting prowess. Daddio emerges as the ideal platform for this display, focusing on a profound exchange between two characters during a cab ride in New York City. Plot

Natalia Dyer's latest film, 'Chestnut,' is set to hit theaters in 2024, showcasing a compelling queer love triangle. The movie, which wrapped in 2021, features Dyer alongside Rachel Keller and Danny Ramirez. Release Date

Thailand and New Zealand have vowed to boost economic cooperation with an aim to triple two-way trade by 2045, as the New Zealand leader visited Thailand for the first time in 11 years

After about a decade of steady growth at its U.S. investment bank, Royal Bank of Canada is launching a cash-management business in its “second home market” in a bid to win more of its clients’ spending.

Cognizant Technology Solutions from using in India a trademark logo that is allegedly identical to the logo of Bengaluru-based Atyati Technologies Pvt Ltd. The court, in its ex-parte order, also observed that Atyati Technologies has made out a prima facie case and the balance of convenience also tilts in its favour.

The Reserve Bank of India (RBI) is apparently getting strict with payment aggregators (physical) with introduction of new draft regulations, which stipulate that the non-banking entities which fail to apply for authorisation and are unable to maintain the net worth of ₹15 crore at the time of applying will have to close their business down by July 31, 2025. 

Businesses and wealthy Canadians will be paying higher taxes but Canada’s largest banks and pension managers were most likely breathing a sigh of relief when they read Finance Minister Chrystia Freeland’s latest federal budget, which lays out next steps for competitive “open” banking and persuading pensions to invest more of their billions at home.

Face it, fund companies. It’s no longer enough just to push products. Financial advisors want more.

Jio Financial Services, the financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today's intraday session, reaching ₹371.95 per share. This increase follows the company's announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock.

Elon Musk's Tesla lays off 14,000 global positions amid slowdown in EV demand: 'This will enable us...' “The Company, BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd.

The Federation of Automobile Dealers Associations (FADA), the apex national body of automobile retail in India has announced the start of Dealer Satisfaction Study for Finance and Insurance to be undertaken in association with PremonAsia, a consumer-insight-led consulting and advisory firm based out of Singapore.

Lok Janshakti Party (Ram Vilas) leader Chirag Paswan said both his and Nitish Kumar's parties have the maturity to realise not to let the Opposition capitalise on any infighting in the NDA to ensure a third term for Prime Minister Narendra Modi. At present, all NDA partners in Bihar are united and their only mission is to ensure all 40 Lok Sabha seats in the state for the alliance, he asserted. The son of the late Ram Vilas Paswan, who seeks to claim his father's legacy, however, made it clear that bridges have been burnt with uncle Pashupati Kumar Paras, whom he accused of betrayal for «personal ambitions», and cousin Prince Raj, whose «impertinent behaviour» has left him shocked. In an interview with PTI, Paswan also debunked rumours of having explored possibilities with the RJD before the BJP declared him as its ally in Lok Sabha polls, although he said he shared excellent personal relations with Tejashwi Yadav and Lalu Prasad.