• Financial Management

    BMO Financial names wealth management chief

    BMO Financial Group in Toronto has appointed a new group head of wealth management, whose responsibilities include oversight of the company’s U.S. wealth management operation. Deland Kamanga, currently the company’s head of global markets, will begin his new job Nov. 1, BMO announced Friday. In addition to the U.S. segment, Kamanga will lead BMO Private Wealth Canada, which serves high-net-worth individuals and families, as well as global asset management, insurance and the company’s online trading platform, InvestorLine. BMO Financial appointed Deland Kamanga as group head of wealth management, succeeding Joanna Rotenberg, who is joining Fidelity Investments.Bloomberg BMO’s U.S. wealth  

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  • Financial Analysis

    Middle-class Americans face retirement insecurity, analysis finds

    Anchiy | E+ | Getty Images Middle-class U.S. households have limited financial assets and may face retirement insecurity, according to an analysis from the National Institute on Retirement Security, a non-profit, non-partisan research and education organization. The study looked at financial assets by generation, net worth and race, based on data from the Federal Reserve’s Survey of Consumer Finances. In 2019, middle-class households — with a median net worth of $22,630 for millennial households, $150,500 for Generation X and $236,350 for baby boomers — own only a small portion of their generations’ overall financial assets, suggesting there’s a concentration  

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  • Loan

    Deep layoffs hobbled NYRA during pandemic even with $10M loan

    ALBANY — For 45 years, Harry Rice worked at the Saratoga Race Course, Aqueduct Racetrack and Belmont Park saddling horses and preparing them to race. Then, suddenly, the job he loved for so many years vanished. Soon after the pandemic first came into force in March 2020, Rice was among 469 employees furloughed and laid off by the tracks’ operator, the New York Racing Association, according to data provided by NYRA. About half of NYRA’s full-time staff was out of work. “It was a financial hardship and people don’t understand that the racetrack, not only is it your livelihood, it’s  

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  • Insurance

    Clark County resident sees insurance rates jump after new state rule

    “In terms of senior citizens who may be impacted, we encourage people to contact our office if they’re getting a rate increase. We can contact their company on their behalf to see what additional issues there may be causing the change,” said Stephanie Marquis, media and outreach manager for the Office of Insurance Commissioner. “In general, we advise people to shop around as Washington has a very competitive insurance market. There may be insurers who rely less on credit scores and more on claims history and driving records,” Marquis added. However, Kreidler’s emergency order was invalidated Oct. 12 by a  

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  • Unsecured Loans

    The Best Personal Loans For Excellent Credit

    Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. Personal loans have quickly become the fastest growing debt category in the U.S. And considering the fact that they can be used to cover the cost of a variety of expenses — weddings, vacations, home repairs and even emergencies — it’s not a surprising development. Personal loans also typically carry lower interest rates compared to credit cards, though you’re more likely to be approved for  

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