The Wealthy Index Investor and the SMA: A 'Horror Story' From Rick Ferri

Published on September 5, 2024

A move recommended by a Fidelity advisor could've cost a client hundreds of thousands in taxes, Ferri said.

       
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SEC Fines RIA for Custody Rule Violations

September 5, 2024
ClearPath failed to timely distribute annual audited financial statements to investors in certain private funds, the SEC said.      Related StoriesCalifornia DOJ Fines Robinhood $3.9M in First-Ever Crypto Enforcement Action - EnclosureState Street Launches 3 New SPDR ETFs - EnclosureSelf-Directed Retirement Account Balances Rose on Stock Rally: Schwab - Enclosure

Unemployment Claims Down 5K, Better Than Expected

September 5, 2024
In the week ending August 31st, initial jobless claims were at a seasonally adjusted level of 227,000, falling to a two-month low. This represents a decrease of 5,000 from the previous week's figure and is better than the 231,000 economists were expecting.