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Savant Moves into Florida with $440M FirstWave Financial

Wealth Management

On a mission to triple assets by 2028, Savant Wealth Management scooped up 11 firms and added offices in six new states last year.

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Taking the Long View: Where Will the Economy and Markets Be in 2028?

Advisor Perspectives

When we put together economic and market outlooks, we typically focus on the near term—the next month, the next quarter, or the next year.

Economy 52
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BlackRock Sees Model-Portfolio Investing Growing to $10T by 2028

Wealth Management

BlackRock Inc. expects the model-portfolio realm of money management to grow to a $10-trillion business over the next five years.

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BlackRock Sees Model-Portfolio Investing Growing to $10 Trillion by 2028

Advisor Perspectives

BlackRock Inc. expects the model-portfolio realm of money management to grow to a $10-trillion business over the next five years.

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: Marlboro cigarettes maker Altria looks to double its smoke-free revenue in 5 years, and considers expanding to cannabis and caffeine pouches, WSJ reports

MarketWatch

smoke-free volumes by 2028, and to double total U.S. MO said it is considering expanding into non-nicotine offering, including cannabis and caffeine pouches, according to a report in The Wall Street Journal. Altria had said at its Investor Day Thursday that it targets at least 35% growth in U.S.

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: BT sets plan to cut 55,000 jobs by end of decade as it forecasts drop in cash flow

MarketWatch

BT says it is aiming to reduce its total labor force, which includes contractors, from 130,000 down to between 75,000 to 90,000 by fiscal 2028 to fiscal 2030. BT Group UK:BT.A said it will cut up to 55,000 jobs by the end of the decade after posting financial results largely in line with company targets.

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: MJBiz projects $170.7 billion positive U.S. economic impact from cannabis in five years

MarketWatch

billion by 2028 as adult use and medical cannabis markets roll out in New York, Maryland, Missouri, Kentucky and elsewhere, up from $100.8 billion figure for 2028 includes $56.9 The MJBiz daily newsletter on Wednesday unveiled its 2023 MJBiz Factbook, projecting a positive economic impact from the U.S. cannabis industry of $170.7