Sat.May 27, 2023

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The King’s Dominion (The real Succession) : His sons are at war. He’s divorced his fourth wife and broken an engagement to a would-be fifth. The jewel in what’s left of his crown faces a billion-dollar lawsuit.

Companies 104
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The Bet

The Reformed Broker

Eleven years ago this spring, a startup called Betterment published a blog post stating that human financial advisors were obsolete and that the people who work in the advice industry are pigs. The basis of their post was an NBER study that sent secret shoppers out to meet with “financial advisors” who then received high-cost, unsatisfactory advice.

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Trending Sources

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Illumina accused by Brussels of ‘delay tactics’ on Grail divestiture

Financial Times M&A

World’s biggest gene sequencing company rejects EU’s fast- track application

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This Week on TRB

The Reformed Broker

Reminder: The Ritholtz crew is coming out to Austin, Texas next month. Details about how you can meet with us here. And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.

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Verso Wealth hires new chief ahead of acquisition spree

Financial Times M&A

Wealth manager with £1.

Assets 71
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MiB: John Hope Bryant, Operation Hope

The Big Picture

 This week, we speak with entrepreneur John Hope Bryant , the founder and chief executive officer of Operation HOPE, which is the US’s largest not-for-profit provider of financial literacy and economic empowerment tools. Described as the “Conscience of Capitalism,” Bryant is also chairman and chief executive officer of John Hope Bryant Holdings , Bryant Group Ventures and The Promise Homes Company.

Banks 118