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☆ The road to year-end gains for stocks will be hammered by volatility as investors try 'sniffing out' a rollover in inflation and a Fed U-turn on rates
▼ + stars: | 2022-11-12 | by ( Carla Mozée | ) www.businessinsider.com time to read: +6 min

Stocks powered higher this week after the October inflaton report but the path to year-end gains remains volatile, market analysts say. It won't be a straight-up rally," Nancy Tengler of Laffer Tengler Investments says. People covering short positions and outsized influence of trading algorithms appeared to have helped fuel Thursday's rally, Tengler said in taking a broader view of that day's run higher. Another inflation report is due before the Fed's next meeting. "If there's still work to be done with inflation then rates are still going to go higher.

☆ Wealthy families are migrating to the U.S. South and UBS is following them
▼ + stars: | 2022-11-03 | by ( Lananh Nguyen | ) www.reuters.com time to read: +2 min

The new structure for the world's largest wealth manager signals a big push into the southern United States alongside competitors such as Merrill Lynch Wealth Management, which has boosted its presence in Florida. "We’ve seen our clients do well in the last decade in terms of their investment outcomes," said Jason Chandler, head of UBS wealth management in the United States. High net worth families are taking advantage of greater flexibility to live and work in different locations, he said. Ultra-high net worth families are moving from northern to southern states and are settling in multiple locations, and some financial advisers have followed suit by splitting their time across multiple offices, UBS said. The bank's top markets for wealth management include Atlanta, Colorado, Florida and Texas, alongside traditional hubs in the Northeast like New York and Boston.

☆ What investors should buy in this 'short lived' rally, according to one analyst
▼ + stars: | 2022-11-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

After October's stock market rally , investors are debating whether stocks have hit the bottom or if it's another short-lived bounce. We're having a little bit of a rally here — I think, again, short lived," he told CNBC's Street Signs Asia on Monday. "Investors should be adding money to the areas that will do OK in a global recession; short the areas that will not." What to avoid Landsberg said he would short tech, high-yield credit, and European assets. His firm has short positions in: ProShares Short QQQ, ProShares Short S & P 500, ProShares Short Russell 2000, ProShares Short MSCI EAFE, ProShares Short Hi Yield and ProShares Short Financials.

☆ Stock market facing 'major regime shift,' says Morgan Stanley's Andrew Slimmon
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market facing 'major regime shift,' says Morgan Stanley's Andrew SlimmonMorgan Stanley Wealth Management's Andrew Slimmon and UBS Private Wealth Management's Alli McCartney, joins 'Squawk on the Street' to discuss expectations for the FOMC meeting, locating overweight stocks in energy and tech markets, and a recap on Q3 earnings thus far.

☆ Watch CNBC's full interview with Morgan Stanley's Andrew Slimmon and UBS's Alli McCartney
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Morgan Stanley's Andrew Slimmon and UBS's Alli McCartneyMorgan Stanley Wealth Management's Andrew Slimmon and UBS Private Wealth Management's Alli McCartney, joins 'Squawk on the Street' to discuss expectations for the FOMC meeting, locating overweight stocks in energy and tech markets, and a recap on Q3 earnings thus far.

☆ Investing in extremely sold-off market sectors presents value, says Morgan Stanley's Sherry Paul
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvesting in extremely sold-off market sectors presents value, says Morgan Stanley's Sherry PaulSherry Paul, senior portfolio manager director at Morgan Stanley Private Wealth Management, joins CNBC's 'Squawk Box' to break down her investment strategies ahead of the market open on Friday.

☆ How Gregg Lemkau went from Goldman CEO contender to building a hybrid investment bank catering to billionaires
▼ + stars: | 2022-10-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Gregg Lemkau was in the running for CEO before he left Goldman Sachs in 2020. Now he runs Michael Dell's investment firm, which is merging with billionaire advisory BDT. When Gregg Lemkau left Goldman Sachs in late 2020 to run Michael Dell's investment firm, many within and outside the bank were surprised. Cardinale, who had left Goldman a decade ago to start his own investment firm, knew it had to be a massive opportunity to pull away Lemkau. Oldest sibling Kristin runs JPMorgan's US wealth management business and Lemkau's younger brother Chip is a managing director at Goldman Sachs in private wealth management.

Wall Street banks committed to helping Elon Musk finance his $44 billion takeover of Twitter stand to $500 million in the process, by some estimates. One of Musk's banks has even told its staff to expect a borrowing notice from Musk by today, Bloomberg reported. But don't feel sorry for the banks just yet — a group that comprises Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. The group consists of Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. Birchall's eldest son Benjamin even interned at Morgan Stanley for his ex-colleagues Frank Malone and Jon Neuhaus in the summer of 2021.

☆ Watch CNBC’s full interview with Morgan Stanley's Chris Toomey
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Morgan Stanley's Chris ToomeyChris Toomey, Morgan Stanley Private Wealth Management, joins 'Closing Bell: Overtime' to discuss the bond market, earnings season, and caution investors about next year's earnings.

☆ Morgan Stanley's Chris Toomey warns earnings next year will be bad
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Chris Toomey warns earnings next year will be badChris Toomey, Morgan Stanley Private Wealth Management, joins 'Closing Bell: Overtime' to discuss the bond market, earnings season, and caution investors about next year's earnings.

☆ Who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon
▼ + stars: | 2022-10-17 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +9 min

And he will also oversee a wealth management business that is now going to include portions of the consumer business, but wrapped in a wealth management offering. Both, according to Bloomberg's reporting, are being demoted to senior positions within Nachmann's asset and wealth management division. Stephanie CohenAnother executive thought by insiders to have lost some of her territory is Stephanie Cohen, the co-head of the consumer and wealth management division. Had Cohen been able to successfully helm the consumer and wealth management division alongside Tucker York, the currently discussed changes wouldn't have been needed, the people said. Cohen's co-head, York, will now return to his prior role of running the bank's successful private wealth management business.

☆ Trump's secret, ugly breakup with Deutsche Bank is revealed in new allegations by NY's attorney general
▼ + stars: | 2022-10-16 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Deutsche Bank, Trump's largest single lender, forced him into a 'managed exit' last year. An excerpt from Deutsche Bank's October 29, 2020 letter to Donald Trump, Jr., raising concerns about Donald Trump's allegedly fraudulent financial statements. And then, nothingSo where's that response, Deutsche Bank's lawyer asked Trump's lawyer in an email sent on January 8, 2021, three weeks and one Capitol siege later. As for Deutsche Bank's final request for a response, "ultimately, none was forthcoming," the AG's filing from Thursday said. A Deutsche Bank spokesman told Insider he could not comment on legal claims or on client accounts.

☆ Major Asian markets drop after rocky day on Wall Street amid inflation, interest rate fears
▼ + stars: | 2022-09-28 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN Business —Asian stocks fell Wednesday after another turbulent day for US markets, as investors continue to sell off amid fears of global inflation, further interest rate hikes and broader economic turmoil. Japan’s benchmark Nikkei (N225) index slid 2.2% as of lunchtime local time Wednesday, while South Korea’s Kospi (KOSPI) dropped 2.8%. Hong Kong’s Hang Seng Index (HSI) shed 2.2%, as China’s benchmark Shanghai Composite (SHCOMP) index slipped 0.9%. The dips come after another volatile day on Wall Street, with the Dow (INDU) and S&P 500 (INX) reaching their lowest levels since November 2020. That put the Dow (INDU) deeper into a bear market, as it fell more than 125 points, or 0.4%.

☆ This is a buying opportunity for many investors, says Morgan Stanley's Sherry Paul
▼ + stars: | 2022-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a buying opportunity for many investors, says Morgan Stanley's Sherry PaulSherry Paul, Morgan Stanley Private Wealth Management managing director, and Meghan Swiber, Bank of America Global Research U.S. rates strategist & director, join CNBC's 'Squawk Box' to lay out their market forecasts ahead of the open.

☆ Have to differentiate the short-term murkiness from long-term opportunity, says UBS's Alli McCartney
▼ + stars: | 2022-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHave to differentiate the short-term murkiness from long-term opportunity, says UBS's Alli McCartneyAlli McCartney, UBS Private Wealth Management, and CFRA's Sam Stovall join 'Closing Bell' to discuss yesterday's Fed announcement and where they see things heading from here.

CNBC's Jim Cramer, on the other hand, bought 2-year Treasury notes for his personal portfolio. With short-term notes, investors can get the high yield without a long-term commitment. A direct purchase from the government You can buy Treasurys directly from the U.S. government through its website, TreasuryDirect.gov . Exposure through a bond fund You can also get exposure to the bond market through mutual funds and exchange-traded funds. For instance, a short-term Treasury bond fund could have issues with maturities ranging between one and three years.

☆ The extended tax deadline is fast approaching for 19 million Americans. What to know if you still haven't filed
▼ + stars: | 2022-09-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

There's about one month until the Oct. 17 tax deadline extension, and experts say filers need to prepare, especially for more complicated returns. An estimated all-time high of 19 million American taxpayers filed an extension for their 2021 returns, according to the IRS. Kevin Brady, a certified financial planner and vice president of Wealthspire Advisors in New York, said tax professionals have faced many challenges, including deadline changes and new Covid-related legislation. "When you combine those facts with the understaffing in tax prep and accounting firms and usual tax code complexity, filing for an extension has become more of a necessity," he said. Despite these challenges, taxpayers are quickly approaching the deadline for 2021.

The spike in short-term Treasury yields may have some investors thinking about adding the notes to their portfolio. CNBC's Jim Cramer, on the other hand, bought 2-year Treasury notes this week for his personal portfolio. Buying through a brokerage You can also purchase Treasury notes on the secondary market, going through a brokerage firm. For instance, a short-term Treasury bond fund could have issues with maturities ranging between one and three years. See below for four short-term Treasury funds.

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Think about a revocable trust, life insurance trusts, a will, and power of attorney for healthcare and finances as building blocks. The difference between term life insurance and permanent life insurance is similar to the difference between renting an apartment and owning a home. Permanent life insurance has a death benefit for your beneficiaries and a cash value that you can use during your lifetime. However, he said they are often pitched expensive life insurance policies that do not work for them, like million dollar whole life policies. Whole life insurance is one of the more conservative permanent life insurance products.

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