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Kevin PetersCourtesy of Morgan Stanley Wealth Management Name: Kevin Peters Firm: Morgan Stanley Wealth Management Location: Palm Beach, FL Team Custodied Assets: $3.8 billion Background: Kevin Peters grew up in Middletown, Connecticut, and attended the University of Kentucky, where he majored in finance and business law. Although he initially considered a legal career, his he ultimately decided to become an advisor in 1983. He spent 18 years at Morgan Stanley’s predecessor firms before moving to Merrill Lynch in 2000. However, a pivotal meeting with James Gorman in 2007 eventually led him back to Morgan Stanley, where he has been ever…
The capital markets have endured quite a bit of turbulence during the past couple of months. Through the market close on April 4, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have declined by 10%, 14%, and 19%, respectively, so far this year. The primary culprits are rooted in emotional reactions to new tariff policies and how they could affect the broader macroeconomy. Generally speaking, when investors flee the stock market they may begin to look at alternative investments such as commodities (like gold) or even cryptocurrency. For the past several months, one cryptocurrency that has increasingly landed…
Mary MullinBrian Ashton Briggs Name: Mary Mullin Firm: Merrill Wealth Management Location: Boston, MA Team Custodied Assets: $1.6 billion Background: Mary Mullin grew up in Long Island and moved to Boston after graduating from the State University of New York Albany. In 1981, while working a waitressing job at night, she got her first at Merrill Lynch, working in the back operations center in, before quickly moving to the sales side. After training to become a financial advisor , she teamed up with her mentor, working together for years until he retired. In 1998, she finally built her own team,…
Bitcoin (CRYPTO: BTC) is the king of cryptocurrencies, but that does not guarantee it will outperform other crypto assets, especially not in a relatively short time, like a year and a half or so. As smart a purchase as it is, it simply doesn’t have that many catalysts that will drive major growth immediately. For anyone looking to place a small investment like $2,000, it’s probably a decent idea to look for a higher-growth option, as long as their portfolios are already diversified with safer investments. So let’s look at a pair of coins that could crush Bitcoin’s returns in…
Binance, cryptocurrency exchange, has announced the integration of two digital wallets, Apple Pay and Google Pay, into its fiat onramp ecosystem, in partnership with Worldpay. This move allows users to purchase cryptocurrencies using credit or debit cards linked to these digital wallets, enhancing the convenience of Binance’s fiat-to-crypto transactions. Last year, Binance expanded its payment methods to include over 1,000 options and supported 125+ fiat currencies. The exchange also increased its geographical reach, launching services in over 20 new countries and integrating mobile money systems in nine countries in West and Central Africa. These efforts have led to a retention…
As public stock markets sink and typical buyout funds slump, Dorrell’s $72 billion Stonepeak can boast it’s never lost money on an investment. In 2001, Michael Dorrell volunteered to move from the Sydney headquarters of Australian investment bank Macquarie to a backwater in its infrastructure investing specialty: the United States of America. “For many years, Macquarie didn’t take the U.S. all that seriously. That’s why a 25-year-old kid could be sent over here and be one of six people looking at this whole market,” explains Dorrell, now 51. “We had the market to ourselves.” The U.S., with its now $4…
The global sell-off in financial markets sparked by the new Trump tariffs has brought out the Bitcoin (CRYPTO: BTC) bears. The current thinking is that Bitcoin could get hammered by a mix of lower economic growth, rising inflation, and overall market uncertainty. But how much of this bearish forecast is really just a case of investors overreacting? After all, as many crypto investors are now pointing out, there are no tariffs on Bitcoin. To understand where Bitcoin is headed next — it’s now down almost 30% from its all-time high of $109,000 in January — you need to ask yourself…
KARACHI: Pakistan young stars Noor Zaman and Hamza Khan continued their sublime form as they confirmed their quarter-final berth in the Under-23 World Squash Championship here at the DHA Creek Club on Monday. Noor, second seed in the tournament, brushed aside Poland’s Jakob Pytlowany 11-4, 11-5, 11-3 while Hamza delivered an equally impressive performance to rout Will Salter of Britain 11-5, 11-6, 11-5. Next up for Noor is France’s Melvil Scianimanico — who downed Damian Groenewald of South Africa in straight games — and Hamza will vie against Malaysia Ameeshenraj Chandaran for the semi-final spot on Tuesday. Chandaran staged a…
Changpeng “CZ” Zhao, former CEO of Binance, has joined Pakistan’s newly formed Crypto Council as a strategic advisor. The council, established in March 2025, aims to guide Pakistan’s push to attract foreign investment by focusing on digital asset regulations, infrastructure, education, and adoption. Zhao’s involvement follows the council’s first meeting on March 21. In a statement on social media, Zhao clarified that his role is to provide advice on crypto regulation and blockchain solutions but not to engage in political matters. The formation of the Pakistan Crypto Council is part of a broader effort by the country to position itself…
The total crypto market capitalization has dropped by 30% from its peak in December 2024, falling from $3.9 trillion to $2.7 trillion by April 2025. This significant decline comes amid global market uncertainty triggered by new tariffs announced by President Trump on April 2. The tariffs, which went into effect on April 5, include a 34% levy on China, 24% on Japan, and 20% on the European Union. The announcement has rattled investors across multiple asset classes, including cryptocurrencies, with many adopting a risk-off approach. Bitcoin has fared relatively better compared to other digital assets, with its market dominance rising…