Low costs, a flight from active mutual funds, and tax efficiency have boosted assets in US-listed active ETFs.
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A talent shortage, increasing regulatory scrutiny, and technological advancements are straining the accounting industry.
Accenture said during its earnings call last week that DOGE-led federal spending cuts were starting to hit sales.
Fidelity has hired an industry veteran to lead one of the world’s largest professional networks of family offices.
Wealthy families with their own family offices will be nearly 200% richer by the end of the decade, according to a Deloitte report.