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SIEA Snags $1.6B Select Money, Adds AssetMark as Custodian
Yahoo Finance· 2025-09-09 17:12
Core Insights - Signature Estate & Investment Advisors (SEIA) has made a significant acquisition of Select Money Management, a registered investment advisor (RIA) with $1.6 billion in assets, marking its second-largest acquisition to date [1] - SEIA aims to reach $100 billion in client assets by 2030, supported by its acquisition strategy and the addition of multiple custodians [2] Group 1: Acquisition Details - The acquisition of Select Money Management adds a new office in Orange County and 10 additional staff members, expanding SEIA's client base across various states [5] - SEIA previously acquired a Cleveland-based firm with $2 billion in assets in April 2024, indicating a strong growth trajectory [1] Group 2: Growth Strategy - SEIA employs a "three-pronged" growth strategy that includes advisor recruitment and development, acquiring culturally aligned firms, and internal expansion through a hub-and-spoke model [3] - The firm has a dual affiliation model, utilizing both 1099 and W-2 employee structures, and is transitioning advisors from the 1099 model to the employee model [3] Group 3: Leadership and Management - SEIA has been rapidly hiring leadership to support its growth, including Matt Matrisian as president, Stephen Masterson as CFO, and Brad Repinsky as director of estate, tax, and financial planning [4] Group 4: Market Position and Performance - Select Money Management has demonstrated consistent double-digit organic growth and specializes in faith-based and values investing, which aligns with SEIA's strategic goals [5][6]
Memecoin ETF era kicks off with Dogecoin fund that’s ‘useless by design’
Yahoo Finance· 2025-09-09 17:08
Wall Street is about to package a joke into an exchange-traded fund — and charge 1.5% for the privilege. The REX-Osprey DOGE ETF launches Thursday as the US’s first fund dedicated to Dogecoin, the memecoin created in 2013 as satire that now commands a staggering $57 billion market value. Trading under the ticker DOJE, it marks a somewhat surreal milestone: institutional products for assets that proudly serve no purpose. And funds are charging up to six times more than for most Bitcoin ETFs, suggesting i ...
Dave Ramsey’s 3 Most Controversial Money Tips — And Why They Work
Yahoo Finance· 2025-09-09 17:08
Core Viewpoint - Dave Ramsey is a polarizing figure in personal finance, with millions seeking his advice while others criticize his methods [1][2]. Group 1: Controversial Advice - Ramsey's strong opposition to credit cards is a key point of contention, as he advocates for debit cards to avoid debt accumulation [4][6]. - Critics argue that responsible credit card use can build credit scores and offer rewards, but Ramsey believes this leads to debt rather than wealth [4][5]. - His firm’s research indicates that none of the over 10,000 millionaires studied attributed their wealth to credit card rewards, supporting his stance against credit card use [5]. Group 2: Emergency Fund Strategy - The first step in Ramsey's Baby Steps program is to save $1,000 for an emergency fund, which critics deem insufficient for real emergencies [7]. - Critics suggest that this money would be better utilized for paying off high-interest debt instead of being set aside as a starter emergency fund [7].
Small firms more confident as sales improve, but hiring lags
Yahoo Finance· 2025-09-09 17:05
Core Insights - Small-business owners reported increased optimism in August, with the NFIB optimism index rising to 100.8, indicating a more stable outlook compared to earlier in the year [1][2][3] Sales Expectations - Expectations for sales improved significantly, with a net 12% of owners predicting higher sales volumes over the next three months, contributing to the rise in optimism [2][3] - Over two-thirds of surveyed owners described their business as in good or excellent health, an improvement from July [2] Labor Market Challenges - Labor quality remains a significant concern, with about one in three small businesses unable to fill job openings, despite this being the lowest share in five years [3][4] - Companies in construction and manufacturing reported the most difficulty in finding skilled workers, with over half of owners receiving few or no qualified applicants [4] Pricing and Inflation - Only 21% of owners raised prices in August, the lowest level this year, indicating potential easing of inflation pressures [4] - Plans for future price increases also declined, suggesting a cooling of inflation expectations [4] Borrowing and Investment Sentiment - Borrowing costs improved slightly, with interest rates on short-term loans at their lowest since mid-2023 [5] - Despite new federal tax breaks aimed at encouraging investment, only about one in five owners plan major purchases in the next six months, a slight decrease from July [5][6] Business Outlook - Business owners remain cautious, with just over one-third expecting overall conditions to improve in the coming months, and only 14% believing it is a good time to expand [7]
She Works Full-Time And Supports Her Family, But She's Hiding $84,000 In Debt. 'If My Husband Found Out, He'd Leave Me'
Yahoo Finance· 2025-09-09 17:00
A woman recently confessed in a Reddit post that she secretly racked up $84,000 in debt over three years. The catch? Her husband has no idea. The post, made on the r/Debt subreddit, has stirred up intense reactions. The woman says she works full-time and supports her family after her husband lost his job. She’s now seeking help to pay off the debt without him ever finding out. “If my husband found out, then he’d leave me,” she wrote. Don't Miss: The same firms that backed Uber, Venmo and eBay are investi ...
Nasdaq to invest $50M ahead of hot IPO this week
Yahoo Finance· 2025-09-09 17:00
Group 1 - Gemini, the crypto exchange founded by the Winklevoss twins, is planning for a public listing and has secured Nasdaq as a strategic investor with a $50 million investment in a private placement [1][2] - Nasdaq's clients will gain access to Gemini's custody and staking services, while Gemini's institutional clients will utilize Nasdaq's Calypso platform for managing and tracking trading collateral [2] - The company aims to raise approximately $317 million through the sale of 16.67 million shares priced between $17 and $19, leading to a valuation of up to $2.22 billion [4] Group 2 - The IPO is seen as timely due to favorable market conditions following the successful IPO of the Bullish crypto exchange and regulatory clarity from a pro-crypto administration [4] - If Gemini goes public, it will be the third crypto exchange to do so, following Coinbase and Bullish [5] - The year 2025 has already seen significant public debuts in the crypto space, and Gemini is positioned to capitalize on the favorable conditions for the industry [6]
Should You Be Optimistic on West Pharmaceutical (WST)?
Yahoo Finance· 2025-09-09 17:00
Group 1: Brown Advisory Large-Cap Growth Strategy Overview - Brown Advisory's Large-Cap Growth Strategy demonstrated resilience in 2025, returning 16% in Q2, slightly underperforming the Russell 1000® Growth Index [1] - The strategy effectively protected investor capital during market declines and participated in the rebound since early April [1] Group 2: West Pharmaceutical Services, Inc. (NYSE:WST) Performance - West Pharmaceutical Services, Inc. (NYSE:WST) had a one-month return of 5.52% but experienced a 17.15% decline over the past 52 weeks, closing at $253.15 per share with a market capitalization of $18.203 billion on September 08, 2025 [2] - The company specializes in elastomer-based solutions for injectable drugs and healthcare products, but has underperformed in 2025 due to guidance falling short of expectations [3] Group 3: Company Challenges and Outlook - West Pharmaceutical's revenue and earnings outlooks were impacted by challenges in the biologics market and inventory destocking [3] - The company is exiting part of its contract manufacturing business related to glucose monitoring due to unfavorable economics, with minimal anticipated financial impact [3] Group 4: Hedge Fund Interest and Investment Potential - West Pharmaceutical Services, Inc. was held by 46 hedge fund portfolios at the end of Q2 2025, an increase from 40 in the previous quarter [4] - Despite its potential, the company is considered less favorable compared to certain AI stocks that offer greater upside potential and lower downside risk [4]
JPMorgan warns the Fed's next rate cut could be a 'sell the news' event that tanks stocks
Yahoo Finance· 2025-09-09 17:00
Michael M. Santiago/Getty Images Investors are eager for rate cuts, which are widely expected to be bullish for stocks. But JPMorgan sees a rate cut at this month's Fed meeting as a potential negative catalyst. Markets are pricing in 88% odds of a cut at the Fed meeting on September 17. Investors are clamoring for rate cuts to keep the stock market's bull rally going, but there might be a problem with the overwhelmingly positive view of looser monetary policy, JPMorgan said Monday. Since Federal R ...
Prediction: This Artificial Intelligence (AI) Stock Could Hit a $1 Trillion Valuation by 2029
Yahoo Finance· 2025-09-09 17:00
Key Points AMD's upcoming MI400 could significantly close the competitive gap with Nvidia. Despite near-term challenges, revenue and profits have grown significantly over the last year. Its forward P/E ratio could draw more investors into the stock. 10 stocks we like better than Advanced Micro Devices › Amid Nvidia's (NASDAQ: NVDA) achievement of the stock market's highest market cap, investors have increasingly focused on the growth trajectory of Advanced Micro Devices (NASDAQ: AMD). Its market ...
Pinstripes Holdings files for Chapter 11
Yahoo Finance· 2025-09-09 16:59
You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. Pinstripes Holdings Inc., the eatertainment concept, has filed for Chapter 11 bankruptcy protection and closed locations less than two years after going public. The Northbrook, Ill.-based company, which features bowling, bocce, and bistro menu offerings, began trading publicly through a special purpose acquisition company (SPAC) deal with Banyan Acquisition Corp. in early January 2024. Pinstripes filed Monday for Chapter ...