Jennifer Reed

1 week ago | fa-mag.com | Jennifer Reed

The year may have started off with a great deal of investor enthusiasm, but a handful of events—the unveiling of DeepSeek, Liberation Day, even more punitive tariffs on imported goods, and the eventual repercussions of the “Big Beautiful Bill”—have injected enough uncertainty that investors heading into the second half of the year should lean heavily into diversification, according to investment managers at Goldman Sachs Asset Management.

1 week ago | fa-mag.com | Jennifer Reed

In less than two years, generative AI has gone from a parlor trick to a dependable helper for financial advisors that can amplify their marketing reach, client acquisition strategies and other initiatives. But not all advisors are diving in. According to a Capital Group survey, 79% of advisors are using the most basic level of generative AI, but only 48% are using AI at a level that could make a difference to their business.

2 weeks ago | fa-mag.com | Jennifer Reed

A Madison County, N.Y., tax preparer and insurance agent has been arrested for allegedly defrauding nearly 1,000 clients of $50 million in a 30-year Ponzi scheme, the New York State Attorney General’s office said in a press release. Miles Burton Marshall on Monday was charged with 49 criminal counts, including 24 counts of grand larceny, 24 counts of securities fraud and one count of scheme to defraud. If convicted, Marshall faces a maximum sentence of 20 years in prison, the release said.

2 weeks ago | fa-mag.com | Jennifer Reed

The U.S. economy in 2025 has so far been resilient in the face of tariff fallout and sticky inflation, but that’s changing fast, according to the Wells Fargo Investment Institute’s midyear outlook. “The reality for investors is that things are simply changing at a stunning speed. Global trade is slowing quickly. Geopolitics are fracturing all over the world,” said Darrell Cronk, president of the institute and chief investment officer of wealth and investment management at Wells Fargo.

2 weeks ago | fa-mag.com | Jennifer Reed

Cetera Financial Group has launched a dedicated channel for registered investment advisors and their branches, the fifth dedicated channel for the firm with more than $246 billion in assets under management and $554 billion is assets under administration. RIA and Branches joins Cetera’s four existing channels—Advisor, Institutions, Large Enterprise and Tax & Accounting, the firm said in a press release today.