Goldman Sachs CEO Lloyd Blankfein tweeted a picture of himself with Jack Dorsey at Twitter's headquarters, leading to new M&A chatter. Disney's Fox deal has people wondering about how Twitter fits into the broader media landscape too.
At some point, higher interest rates may become a negative for banks, but not for a while. Despite the flattening of the yield curve, banks’ net interest margins have been rising, and their stocks have fared well.
Classic, LLC (Classic) is a broker/dealer, member of FINRA and SIPC and is a sister company of CAM. Due to the general direction of the investment advisory business, it has become difficult for advisors to operate an independent RIA business while retaining a general securities relationship at a broker/dealer firm. Many advisors who are interested in transitioning to a fee based business are reluctant to give up their securities license as well as the trails being earned on many of the products they have sold over the years. In addition, broker/dealer firms have often imposed production or revenue requirements that are not realistic for advisors doing a significant portion of their business on the RIA platform. Classic was formed to address these issues. The management team at Classic has a combined experience of over 74 years in the broker/dealer business. In addition to their duties as managers of the sister firms, the management team continues to provide investment management services on a retail basis. This helps them maintain a fresh perspective on the challenges and responsibilities that successful advisors face every day.
Put the experience of the “Classic” team to work for you.