Strategy Financial News

LPL Financial has expanded its reach in Virginia as a family-run advisory practice from Avantax switches affiliations.

A high-stakes race is taking shape between major money managers including BlackRock Inc. and Invesco Ltd. to combine Wall Street’s most trendy investment vehicle with its fastest-growing asset class.

GTRI) Wednesday suggested India to use a twin strategy of a calibrated retaliation mechanism (CRM) to retaliate in equal measure and renaming some ongoing schemes as carbon taxes to deal with the EU’s climate taxes. It said that the EU’s suggestion that India could avoid its carbon tax by imposing a similar levy locally, will not help the domestic players much, as they would still be liable for the duty for their exports to the bloc.

Angel One has invested Rs 250 crore into its wealth management arm, Angel One Wealth, to cater to the expanding population of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) in the country.

Younger Canadians in particular are turning to artificial intelligence to shape their finances, a survey released this week shows.

Weather is a common component of small talk, but few advisors would prioritize it in a retirement planning conversation with their clients. That could be a mistake.

trading, the risk of price manipulation and sudden price swings becomes more pronounced.Amid holiday cheer, it is easy to overlook the inherent risks associated with trading in volatile markets. However, prudent risk management is crucial to preserving capital and achieving long-term financial success.In today's digital age, technology has revolutionised the way we trade and invest in financial markets. During the holiday season, when traditional trading desks may be closed or operating on reduced hours, technology can provide a lifeline for market participants.As we navigate the holiday season in the Indian securities market, it is essential to approach trading and investing with caution, diligence, and foresight.

MUMBAI : Portfolio Management Services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased capital gains tax rates. The budget raised the short-term capital gains (STCG) tax rate to 20% from 15%, impacting PMS investors who face higher taxes if a stock is sold within 12 months of purchase. This tax hike will significantly affect PMS strategies with high churn rates, where frequent trading doesn't yield post-tax returns that justify the increased activity.

ICICI Securities initiated coverage on Awfis Space Solutions (Awfis) with a target price of Rs 757 seeing it ride on a strong recovery in Indian office leasing over the last 12 months. Awfis has a unique business model. While the company does not act as a land aggregator or landlord of office space, it focuses on providing services to its clients on the demand side and also partners with space owners/landlords on the supply side.

Gaurav Dua, SVP, Head — Capital Market Strategy, Sharekhan By BNP Paribas, says consumer is a structural story. What you are going to see is that the household income is going to more than double over the five to eight years in India and that is the space where we see that there are going to be lot of multi-baggers that will be available at the right price for the investors. Let us start with the unsecured lending side of the business. UGro, Five-Star, SBFC, have been doing very good numbers in the last few quarters. I am seeing some of them flow out in this quarter as well. But the fear is that asset quality may come at risk now and hence the valuations have got depressed in that area. Is it an opportunity to build in portfolios or will you still stay away from this side? Gaurav Dua: The fact that some of the states have already started to announce farm loan waivers is something which is like this concerning the market because if you are exposed to the microfinance industry or you have a high exposure to this unsecured loan, this basically spoils the whole borrower attitude, basically. This has been one of the risks. In the case of private sector banks, cost of funds are likely to go up and that is an additional concern about these NBFCs.

Bajaj Finserv Large Cap Fund is designed to capitalize on the stability and growth potential of large cap stocks. Large cap companies, characterized by their significant market capitalizations, are often leaders in their respective industries.

The fund, which holds £970.8m in assets, had been rated ‘unsatisfactory' for four consecutive years for consistently falling short of its performance target.  M&G Recovery was the only portfolio to score a lower than a 'Good' rating on any of the measured criteria from the company's entire fund offering, with 'Must improve' on each area. However, in this year's AoV the board said it had observed a «positive impact» from recent changes made to the portfolio construction and risk management of the fund, leading to the upgraded rating for the strategy across all share classes this year. ...

The Bank of Japan has raised its key interest rate to 0.25% from 0.1%, acting to curb the yen's slide against the U.S. dollar

Nikkei share average fell nearly 1% on Wednesday, while bank stocks rallied following local media reports that the Bank of Japan was mulling an imminent interest rate hike. The Nikkei was down 0.9% at 38,186.48, as of 0055 GMT, while the broader Topix lost 0.5%.

Cyril Amarchand Mangaldas. "The time has come for law firms to seriously look at succession planning for all critical roles and develop internal candidates who can step up when the time comes." Then, this July, JSA hired Nisha Kaur Uberoi, who headed the competition practice at Trilegal. Uberoi, who looks at complex areas such as merger control, cartels, abuse of dominance, and the digital economy, brought two partners and 25 attorneys with her.

Maruti, M&M, Tata Consumer, Adani Energy, Vedanta will be in focus due to various news developments and first quarter results. Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, BoB

Artificial intelligence’s growing visibility in everyday life has made it a popular discussion topic but hasn’t yet elevated it to a top election concern for American voters

Allan Lichtman who is an election forecaster and a professor said that the “key to the White House” is with Vice-President Kamala Harris who is also the Democratic party’s presidential nominee. This is the prediction which has been made in the present and it could change soon.

Robertson Stephens is extending its reach yet again with its fourth acquisition of the year.

This week's Federal Reserve meeting is not much about the present but potentially very much about the future.

With an increasing number of alternative investments to choose from, several advisors agree that growth equity is currently the most popular private equity sub-strategy.