The ranks of these investors are poised for rapid growth over the next decade

Prasita photo | moment | Getty Images According to a new report from McKinsey & Company, the wealth management industry in the United States is set to grow about 5% annually over the next five years, while some segments of the investor population are positioned to see the biggest push. Three sub-groups of investors, in … Read more

ScholarShare 529 Announces Major Additions to Its Socially Responsible Investment Options | News

SACRAMENTO, California – (BUSINESS WIRE) – February 15, 2022– ScholarShare 529, the College Savings Plan of California, is pleased to announce the expansion of its range of Socially Responsible investments. With the launch of 12 new ESG (Environmental, Social and Governance) portfolios, ScholarShare 529 is now a clear leader in responsible investing among all 529 … Read more

Robo advisors are gaining popularity. Can they replace a human consultant?

Robots want to be your next financial advisor. Not long ago, that idea might have had a sci-fi fantasy flavor – perhaps the “Star Wars” C-3PO cyborg in a power suit on Wall Street. But robots, or so-called “robo-advisors,” could soon manage more than $ 1 trillion in American wealth. These aren’t actually tangible robots; … Read more