Stocks and bonds see wild ‘Fed Day’ swings as Wall Street’s ‘crash cushion’ evaporates
Major equity indexes put in their worst “Fed Day” performance since December 2024, while the yield on the 30-year bond shot higher.
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SEC Announces Four New Members of Investor Advisory Committee
The Securities and Exchange Commission today announced four new members to fill vacancies on its Investor Advisory Committee. Three of the four new members will serve four-year terms, while the fourth new member will serve as the designated representative of the interests of senior citizens. These four new members join nine current committee members. The committee, established pursuant to Section 39 of the Securities…
On the move: Lutz names new shareholders
Lutz promoted a number of new shareholders and directors; JLK Rosenberger named a new managing partner, Daryl Luna; Crowe Global appointed a new growth leader, Josh Cole; Machen McChesney announced a number of promotions; and other firm and personnel news from across the profession. These summaries were drafted using AI and subjected to editorial review.
Weekend Reading For Financial Planners (June 27–28)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study from The Ensemble Practice finds that while surveyed advisory firms posted profit margins in excess of 38% for fiscal year 2025 (a figure up nearly 15 percentage points over the past decade),…
Ukraine’s drone strikes on Russia’s Amazon rival’s warehouses hit military supply chain
The Ukrainian attacks on the sprawling Russian warehouses produced stark images, with massive pillars of black smoke rising above fires that raged at facilities of Wildberries, the country’s biggest online retailer and its equivalent of Amazon. Kyiv’s drones first hit the sites over the weekend, and then struck five more Wildberries warehouses during the week, including one in Crimea, which…
Avathon-backed Summit acquires health-focused continuing education provider Kids Bowel & Bladder
In 2025, Summit acquired Herman & Wallace, a professional education institute focused on pelvic rehabilitation Founded in 2004, Summit offers more than 1,500 courses nationwide through a network of over 100 instructors Summit Professional Education, which is backed by Avathon Capital, has acquired Kids Bowel & Bladder, a continuing education organization focused on pediatric pelvic…
Senate committee drafts wide-ranging tax administration bill
The Senate Finance Committee released a so-called “Chairman’s Mark” of the Taxpayer Assistance and Service Act ahead of a markup hearing Thursday of a sprawling bipartisan bill that would add new requirements for the Internal Revenue Service as well as tax preparers, including continuing education for unlicensed preparers. Processing Content Senate Finance Committee chairman Mike…
