Why advisors should talk about client ‘health portfolios’
Financial advisors would be wise to treat “health span” like an investment portfolio to better prepare clients to afford and enjoy longer retirements, a researcher said.
FDIC won’t have to return $1.71 billion to SVB creditors
A federal judge found SVB Financial’s management negligently prioritized yield over safety, allowing the Federal Deposit Insurance Corp. to retain the deposits after the bank’s 2023 collapse.
Banks flash ‘exit signals’ to advisors as they push further upstream
Justin Duke’s move from BNY Wealth to Simon Quick Advisors shows how higher fees, rising asset minimums and tighter client constraints are pushing some bank advisors toward RIAs.
Bessent says Treasury ‘not doing QE’ with buybacks
Treasury Secretary Scott Bessent said the agency’s long-dated Treasury bond buybacks are intended to improve liquidity on the long-dated end of the market rather than influence monetary policy.
Block seeks national trust charter to offer crypto custody
The payments fintech announced that it has applied for a national trust bank charter from the OCC for both bitcoin and stablecoin custody.
Don’t let last-minute changes scuttle the CLARITY Act
The section of the bill addressing stablecoin rewards is the product of a hard-won bipartisan compromise. Efforts to reword it would not only create confusion, but would seriously endanger its passage.
New on-chain bank receives conditional OCC approval
OpenReserve, a proposed digital bank built by former MoneyLion executives, is the next bank seeking to bring digital asset technology to institutional banking.
Researchers find a hole in Microsoft’s anti-spoofing fix
Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
Chime to buy longtime partner Stride Bank for $590 million
Owning a bank will allow Chime to build products faster, shed partner banking fees, and reduce its funding cost, while also allowing the neobank to more efficiently expand its lending business.
How certified coaching skills complement — and boost — financial planning
The APFC from Sage Financial Solutions represents just one of a handful of coaching certifications that could help planners expand their skills and ability to serve clients with valuable behavioral capabilities.