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3 Trends Expected to Give Advisors Hangovers in 2025
Nov 19, 2024 · While private equity can benefit advisors, its growing role in wealthtech is causing a rift among financial planners. Case in point: PE-owned InvestCloud raised its service fees 5% earlier this year despite complaints about slow platform enhancements, the report found.
The Costs and Benefits of Quantum Computing - The Daily Upside
Dec 8, 2024 · The research doesn’t come cheap: According to Forbes, governments globally have invested more than $55 billion in this technology.Quantum computing startups have raised $1.5 billion in VC funding so far in 2024, Crunchbase reported, more than double investments made in 2023. “We’re in this noisy, intermediate phase of quantum computing, because we haven’t hit fault tolerance yet, but ...
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Who We Are. The Daily Upside is a modern media brand covering business, finance, economics. We provide business leaders and investors with the news, insights, and clarity they need to cut through the noise and reveal the thematic currents shaping the global economy.
Inside Wells Fargo’s Bet on Independent Advisors
Nov 14, 2024 · Wells Fargo’s gamble on indie advisors may be paying off. The San Francisco-based brokerage has been quietly building out an independent channel that has helped stem an exodus of advisors at the firm in recent years. Launched in 2001, the indie broker-dealer channel called Financial Network — along with a new registered investment advisor program in development — has quickly become the ...
ByteDance is Winning the China AI Race. That’s Bad News for TikTok.
For political reasons, TikTok would probably just as soon recede into a hedge right now like Homer Simpson, but its parent company is making a big splash in AI land.. ByteDance, the China-based TikTok owner and political punching bag for successive US administrations, is apparently emerging as the nation’s answer to OpenAI.
JPMorgan to Open Nearly 100 Chase Branches in Low-Income …
Oct 2, 2024 · Oasis in the Desert. Since 1977, banks have been required under the Community Reinvestment Act — which sought to curb the practice of redlining — to lend to low-income people in areas where they have a physical presence. Last year, rules were updated to better reflect that financial services are less and less pegged to a brick-and-mortar locations and provide more services online, shifting ...
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Big Tech Fizzles in Early 2025: Jeremy Siegel - The Daily Upside
Dec 19, 2024 · Don’t pop the bubbly just yet. Big Tech’s extraordinary bull run, which has seen the Magnificent 7 tack on $1.8 trillion in market value since the election, is expected to fizzle in the new year, according to famed WisdomTree economist Jeremy Siegel. Sky-high valuations are simply not in line with the sector’s real-world returns and that’s creating a …