Two US service members in Jordan killed in Iranian attack, US says

Investment advisor American Beacon Advisors Inc. and consulting firm Mercer Investments, a Marsh business, launched the Mercer & American Model portfolios, a suite of professionally managed model portfolios. The models combine thematic investing strategies, dynamic asset allocation and income-focused solutions. The five risk-based models feature a thematic equity sleeve that provides targeted exposure to high-conviction…

“Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership.” The picture is not uniform across price tiers. Sales of homes priced below $100,000 fell 1.7% from a year ago, while transactions in the $100,000–$250,000 range were barely changed. At…

Client referrals and recruiting are the top two priorities for registered investment advisors custodied with Charles Schwab, according to the firm’s annual RIA survey of clients. When asked to name their top three priorities, firms with over $250 million in assets under management most frequently identified client acquisition through new referrals as their No. 1…

Six people have been charged with felonies after allegedly posing as licensed contractors in the Pacific Palisades wildfire disaster zone, where prosecutors say they submitted more than $1.2 million in bids for rebuilding projects, according to the Los Angeles County District Attorney’s Office. A joint undercover operation by the District Attorney’s Bureau of Investigation and…

(RTTNews) – Bank of America Corp. (BAC) reported Tuesday that net income applicable to common shareholders for the second quarter surged to $8.75 billion or $1.21 per share from $6.88 billion or $0.90 per share in the prior-year quarter. The provision for credit losses was $1.37 billion, compared to $1.59 billion last year. Total revenue,…

Hermès International: We Expect The Company To Continue This Trajectory Of Growth And Profitability