Bluespring Wealth Partners, the RIA acquisition arm of Kestra Financial, has bought an ownership stake in $800 million AUM Beacon Financial Group, the company announced Tuesday. Kestra, an independent broker/dealer and corporate RIA, launched Bluespring in July, in an effort to acquire experienced RIAs and wealth management firms. Terms of the deal were not disclosed. Bluespring focuses on acquiring […]
Bluespring Wealth Adds Beacon Financial Group
[unable to retrieve full-text content]Beacon Financial Group is the latest RIA to join Bluespring Wealth Partners, a recently launched business that focuses exclusively on acquiring experienced registered investment advisor and wealth …
Goldman Sachs just completely overhauled how it makes stock forecasts — and its new findings paint a troubling picture for the market
Getting a grip on market sentiment can help you figure out where stocks are likely to go next, and Goldman Sachs says it’s refined a tool that will allow you to do just that. Portfolio strategy associate Arjun Menon said the firm tore down and revamped its sentiment indicator to include nine different measurements of […]
Energy stocks ease back, but chart points to more gains ahead
Energy stocks are falling back after their massive rally to begin the week. The XLE energy ETF is down more than 1% on Tuesday after racing 8% higher for the month. The sector saw a massive surge on Monday after crude oil popped following an attack on a Saudi Arabian processing facility. Bill Baruch, president […]
Stock Market Leaders' Breakdown Signals Recession, Losses Ahead
The S&P 500 Index (SPX) has rocketed upward by more than four-fold since the last bear market hit its bottom in intra day trading in March 2009. Much of that advance has been led by momentum stocks, or stocks that investors have been bidding upwards precisely because they already were rising, thereby creating a self-reinforcing […]
Bill Gates sounds supportive of Elizabeth Warren's wealth tax
The U.S. might soon have a new old friend, Bloomberg reports. U.S. Undersecretary of State for Political Affairs David Hale met with Belarusian President Alexander Lukashenko in Minsk on Tuesday, and now the U.S. reportedly plans to return an ambassador to Minsk, the capital of Belarus, for the first time in 11 years, and vice […]
These two airline stocks could be ready to rally, trader says
Airlines stocks are under pressure. Major airlines American, United, JetBlue and Delta lost altitude Monday after a weekend attack on Saudi Arabia sent oil prices soaring, giving Brent crude its largest intraday move ever. Bill Baruch, president of Blue Line Futures, says this is the time to buy on weakness. “Seasonally, this is when you […]
JPMorgan unveils 6 trades that should rake in profits regardless of whether the stock market tanks or rebounds in the near future
The stock market’s future hinges a great deal on what happens during the trade negotiations between the US and China in October. That’s according to Marko Kolanovic, JPMorgan’s global head of macro quant and derivative strategy, who is getting ready for multiple outcomes. In the interim, he is leaning toward the likelihood that the global […]
How Redefining Wealth Can Lead You To Financial Fulfillment
From Victoria’s Secret supermodels to UN Ambassadors, Olympic athletes to corporate executives, celebrities to US diplomats, Laura Fredrickson helps high-achieving professional women to redefine wealth. Her mission, through personal coaching at the Institute of True Wealth, is to support women to shift their core beliefs and operating systems, empowering them to create a life of […]
3 Nuveen Mutual Funds for a Steady Portfolio
Nuveen Investments, headquartered in Chicago, IL, was founded in 1898 by John Nuveen. The company seeks to provide financial services to clients by using the multi-boutique structure. It provides these services through an independent team comprising Nuveen Asset Management, Winslow Capital and Symphony. The company is the number one farmland assets manager in the world. […]