Bitcoin Nears $100,000: A New Era for Cryptocurrency Investments
As Bitcoin approaches the $100,000 mark, investors are increasingly considering cryptocurrencies for their portfolios. This surge in Bitcoin’s value highlights its potential as a robust store of value, akin to gold. With growing institutional interest and a limited supply, Bitcoin is gaining traction among financial advisors and clients alike. Understanding the benefits and risks of cryptocurrency investments is crucial for navigating today’s evolving financial landscape.
Declining Credit Scores Linked to Early Signs of Dementia in Older Adults
Recent research from Georgetown University and the New York Federal Reserve reveals a troubling link between declining credit scores and early signs of dementia, particularly Alzheimer’s disease, among older adults. The study analyzed data from over 2.4 million individuals, highlighting that financial health may reflect cognitive well-being. As credit scores drop, it could indicate cognitive decline up to five years before an official Alzheimer’s diagnosis. Understanding this connection may lead to earlier interventions and support for those at risk, emphasizing the importance of monitoring financial health in aging populations.
The Growing Role of AI in Financial Advisory Services
About a year ago the world was discovering the phenomenon called ChatGPT and experiencing for the first time what Artificial Intelligence (AI) could do. A lot has changed since then and the growth of AI is now expanding at a…
Team of Advisors and Support Staff from RBC Capital Markets Joins Ameriprise Independent Channel
A team of advisors and support staff previously with RBC Capital Markets has joined the independent channel of Ameriprise. Pacific West Planning, led by private wealth advisor Ryan Sullivan, has made the move with more than $525 million in client…