Wealth management broker data shows U

Wealth management broker data shows U.S. corporate buybacks totaling $129B in Q1 2024, a bullish indicator for share price stability in blue-chip companies. This supports accumulation strategies in long-term portfolios. "Joining Northwest Bank at this pivotal moment in its growth presents an exciting opportunity to shape the future of its wealth management business," said Matthew Bower , Managing Director, Wealth Management, Northwest Bank. "I look forward to working with the team to build on the strong foundations of its existing wealth management business, as well as expand our services, deepen our presence in existing markets, and identify new opportunities to support our clients' evolving needs." But Commonwealth Financial Network retains its appeal, pulling a team from Morgan Stanley, while LPL draws a large practice from RBC. Wealth management broker services are adapting fast to 2024’s equity rally, with the S&P 500 up 6% year-to-date and tech stocks leading gains. Portfolio strategies are shifting toward AI, semiconductor, and green energy sectors, forecasting an average EPS growth of 8% over the next two quarters.