Name: Jojo Cresci Firm: Mercer Global Advisors Location: San Mateo, CA AUM: $3.1 billion Forbes Rankings: Top Next-Gen Wealth Advisors Best-in-State, Best-in-State Wealth Advisors, Top Women Wealth Advisors Best-In-State Background: Jojo Cresci, 37, grew up in China and completed her undergraduate degree at Lancaster University in England. After earning master's degrees from London School of Economics and the University of Southern California she began working as a project manager in...

Investors willing to risk cash in the face of rising interest rates and a weakening economy can take advantage of opportunities away from the stock and bond markets, money managers said at an alternative-investing conference in New York on Monday. “We’re in a period of high volatility and uncertainty—generally asset pricing reflects that and it's hard to borrow money to buy things, but that has also brought attractive valuations in areas like private credit,” said Jonathan Gray, president and...

Insurance companies have slightly lagged the market but rising interest rates bolster income. A s investors adjust to a new market era of higher interest rates, insurance companies slightly lagged the broader market in the last 12 months. The S&P Insurance Select Industry Index has lost nearly 1% in the past year, outpaced by a roughly 3% gain for the benchmark S&P 500 index. Still, most large insurance companies remain well-capitalized and have hardly lost ground on the list: With rates...

But the failure of the California bank was a home run for Morgan Stanley. Depositors and shareholders weren’t the only ones fleeing San Francisco-based First Republic Bank before it was seized by regulators and sold to JPMorgan. As a crisis of confidence enveloped regional and specialized U.S. banks, especially those with significant levels of uninsured deposits, First Republic’s wealth-management advisors also headed for the exits. More than 40% of the struggling bank’s advisors left between...

“Every advisor in the world is getting calls about this,” says Stephan Cassaday, CEO of Virginia-based Cassaday & Company, a wealth management firm with $4.6 billion under management. “I guarantee a lot of people are looking at moving money around that is above $250,000.” Cassady and the 12 other advisors affiliated with his firm are frontline soldiers in the latest crisis to hit financial services. The shock of the second and third-largest bank failures in U.S. history, coming just two days...