Financial Advisor

If you have part of your portfolio in an S&P 500 index fund, you’re probably patting yourself on the back for the 12%-plus performance you’ve already notched this year. But you could have done even better. A less flashy corner of the index-fund world treats Nvidia and a random mid-cap industrial stock as equals. It is beating the market by a wide margin. The Invesco S&P 500 Equal Weight ETF (RSP) is up 15.95% year to date through Aug.

Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” In a sweeping speech, his first since becoming chairman of the central bank in May, Warsh reiterated that policymakers will return inflation to their 2% goal, which he said is a firm and fixed target.

Second-tier U.S. cities are always pitching themselves as “the next Wall Street.” During the penny stock frenzy of the 1970s and ‘80s, Denver adopted the Wall Street West moniker—until its boiler rooms got caught up in a wave of fraud. Charlotte, Jacksonville, Miami, Tampa and have all, at one time or another, laid claim to the Wall Street South nickname. And now Dallas is going all in on Y’all Street (the best coinage yet, by far).

Something significant is happening within the accounting profession. It isn't receiving the attention it deserves, yet it’s quietly reshaping how leading CPA firms think about their future—and it represents one of the largest business development opportunities wealth management firms are likely to encounter over the next decade. For generations, accounting firms built highly successful businesses by preparing tax returns, auditing financial statements, and providing tax and business advice.

A former Morgan Stanley broker who was convicted of duping three NBA players out of millions of dollars has been ordered by a Finra arbitrator to repay the bank more than $8.7 million plus interest tied to eight promissory notes. Darryl M.

Like many acquisitive registered investment advisors in the rapidly consolidating wealth management space, Berger Financial Group welcomed a private equity partner in agreeing late last month to sell a big chunk of its fast-growing business to Investcorp, a global alternative investment manager based in Bahrain.

Women are not a footnote in the wealth management conversation, and Vanguard says advisors who treat them that way are in for a world of hurt. Women are already leading household financial decisions and choosing advisors, a company study found, and as wealth continues to shift into their hands over the coming decade, Vanguard believes their expectations of advice and advisors will rise along with it.

The United States is entering the most expensive phase of retirement. Some of America’s oldest are eligible for more than $100,000 a year in combined Social Security benefits, while remaining as one of the wealthiest generations in the country. The national debt is rising—just passing $40 trillion this month—and Social Security is set to enter insolvency by 2032, meaning it may already be too late for the generations left behind.

First it was grocery go-to's like breakfast cereals, chips, and laundry detergent, but now your home may be getting hit by shrinkflation, too. The average size of new single-family homes sold nationwide declined by 11.6% over the past decade, from 2,724 square feet in 2015 to 2,409 square feet in 2025, according to an analysis of U.S. Census Bureau data by comparison site LendingTree.

The flood of debt financing for AI capital expenditures is causing “indigestion” in fixed-income markets and pushing up yields, but that dynamic should result in decent longer-term returns for investors, according to Pacific Investment Management Co. “There’s too much, too fast” AI-related issuance, Marc Seidner, Pimco’s chief investment officer of non-traditional strategies, said on a podcast with colleagues Pramol Dhawan and Gregory Hall.