How to invest with falling inflation; the SEC’s enforcement priorities; LPL launches W-2 private wealth channel
Financial Planning
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INVESTMENT STRATEGIES: For the past three years, inflation has been a difficult fact of American life. In 2021, as the economy recovered from the pandemic recession, rising prices began picking up speed and then suddenly skyrocketed. In June 2022, the consumer price index (CPI) jumped at a yearly rate of 9.1% — a level not seen since the early 1980s. By June 2023, the rise in the CPI had sunk to 3%. Then it ticked back up to 3.7% in August and September, raising fears of another upward spiral. But on Tuesday, the Bureau of Labor Statistics released some good news: The rate settled back down to 3.2% in October.
So at least for now, inflation seems to be on a downward, if uneven, trajectory. The question for investors is, how should they react — or should they?
REGULATION AND COMPLIANCE:? Marketing and social media infractions, off-channel texting on WhatsApp and other messaging services and cryptocurrency scams all topped the SEC's list of regulatory priorities this past year.
The Securities and Exchange Commission confirmed on Tuesday that the nearly $5 billion in enforcement penalties it brought in in its 2023 fiscal year, which ended on Sept. 30, was the second largest haul in the agency's history. The SEC was at pains to show in a release Tuesday that the smaller regulatory haul for fiscal 2023 did not result from any slackening zeal in its enforcement division. What will the regulator be focusing on next year? We’ve got the key takeaways.
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IBD NEWS: Following up on plans announced a year ago to launch a private wealth affiliation channel, LPL Financial has finally produced the offering.?
The independent broker-dealer giant announced Wednesday that it had created LPL Private Wealth Management, an affiliation channel for W-2 employees specializing in high net worth clients.?
LPL is not subtle about its plans to specifically target the wirehouses with this model, which is launching as other firms supporting advisors leaving wirehouses, such as Dynasty Financial Partners, capitalize upon the industry-wide momentum of breakaway advisors.?
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