When our foyers or entryways get messy, we often treat coat closets like extra-large junk drawers. We shove things in there just to get them out of sight instead of taking the time to put them away where they actually belong. It seems like a good idea at the time, but it can turn into…
A California-based team managing over $1 billion in assets is joining Raymond James’ independent advisor channel from Stifel, according to the firm. KWM Wealth Advisory consists of Kenneth Sanchez, Lee Wolfe, Mitchell Kauffman and KaNoi Lam and is based in Pasadena, Calif., with a presence in Honolulu. The team works with families, business owners and…
As the Persian Gulf conflict pushes energy prices higher, concerns are rising that global economic growth will slow or stall, requiring policymakers to maintain current economic momentum without worsening public indebtedness. Indeed, many advanced economies already face daunting levels of debt and will need robust growth, fueled by higher innovation and productivity, to offset the…
At a glance The global balance sheet takes stock of all assets, liabilities, and wealth, providing a lens into economic health. This annual update estimates that it reached nearly $1.8 quadrillion ($1,800 trillion) in 2025, up from $1.7 quadrillion in 2024. Several asset classes grew further out of balance with the underlying economy, raising the…
In the time between review meetings, advisors are often busy doing work for clients (such as portfolio analysis or reviewing insurance needs). This cadence of work is crucial, but it’s also often invisible, especially when no action is needed. The antidote for many advisors is some sort of communication between meetings – from birthday cards…
en English Politics Jul 23, 2026 Harold James Foolish military interventions driven by outdated calculations of economic power have thoroughly discredited the old big powers. Thucydides might well have appreciated the irony of a world in which smaller, weaker countries like…
Recently, I shared a sample budget of a family of four earning $408,000 a year on Twitter, the amount third-party data deems necessary to feel comfortable in San Francisco. To be clear, this wasn’t my budget and it wasn’t a recommendation. It was an illustration of how fast a six-figure household income disappears once taxes, shelter,…
China Pharma closes $5 million registered direct offering
Dive Brief: A bipartisan pair of House lawmakers on Thursday unveiled legislation that would require major artificial intelligence developers to maintain the technical capability to throttle, suspend, or shut down their models as concerns grow over the risks posed by increasingly autonomous systems. The AI Kill Switch Act, introduced by Reps. Ted Lieu, D-Calif., and…
With concerns rising over concentration risk as valuations for many large cap stocks appear too high and companies like SpaceX file for record-setting IPOs, advisors are focused on diversifying their clients’ portfolios. For clients who invest primarily through ETFs and mutual funds, advisors often turn to a combination of direct indexing, long-short strategies and structured…
