Wealth management

White, who served as CEO of the financial advisory firm for over three decades before retiring at the end of 2011, passed away on Friday.

Seventeen states now allow or are considering legislation that allows reserve funds to be invested into cryptocurrency while sixteen are moving towards allowing crypto investments in their pension funds.

"Our job is to take that volatility, figure out what's noise, figure out what's reality, and lean into the opportunities as we see them," said Alex Petrone, director of fixed income at Rockefeller Asset Management.

The new roles for the longtime employees are part of the firm's strategy to prioritize internal promotions. 

The largest issuance the Local Government Commission approved was $387 million of bonds for Mecklenburg County.

Robert McDermott has joined the firm as a director.

Pension analysts are calling for higher contributions even as financial conditions improve.

The passage of a $11 billion plan, which aims to fully fund police and fire pensions in 30 years, comes as the retirement system is pushing its own plan in court.

In this episode, Howard Cure, Director of Municipal Bond Research at Evercore Wealth Management, discusses the improving state of public pensions, the ongoing challenges faced by states like New Jersey and Illinois, and the risks associated with pension obligation bonds.