Most workers, retirees have retirement income confidence
New EBRI research sheds fresh light on sentiments around inflation, Social Security benefits, and use of guaranteed income products.
Stocks rise following hot March inflation
The S&P 500 is poised to extend gains on tech earnings while short-term Treasury yields fell following brisk rise in Fed’s preferred inflation gauge.
Credent Wealth Management attracts two new partner-advisors
Indiana-based $2.5B RIA has added 12 firms since it was founded in 2018.
Women may gain from wealth transfer, but it won’t solve the big issues
Penny Finance report highlights ongoing challenges in gender wealth gap.
Tech rally fuels equities rally, commodities gain
But there are headwinds including US data, Japan intervention.
Bad day for Bitcoin, net $218M withdrawn from ETFs
Hong Kong will become latest market to launch crypto ETFs.
UBS share buybacks may be at risk from regulators
The banking group may need an extra $20B buffer under new rules.
‘Make sure clients know what they own and why’
Industry executives discuss being highly selective in private credit and the rise of hybrid ETFs.
Tech-heavy advisor practices have a performance edge: Cerulli
Survey research finds heavy users tend to grow faster as advisors report greater operational efficiency and productivity in serving clients.
Fed will cut once before presidential election, says Howard Lutnick
Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.
Trust & Will forges strategic partnership with LPL
The digital estate planning platform is set to triple its reach as it rolls out across LPL’s network of more than 22,000 advisors.
Raymond James’ incoming CEO shrugs off DOL rule
"It doesn't look too problematic at all," Paul Shoukry said.
Wealth Enhancement Group lands $502M powerhouse team
The national wealth firm is snapping up a hybrid RIA from Raymond James, establishing its fourth foothold in Maryland.
US annuities set rapid pace in first quarter
Preliminary Limra results show total sales of $113.5B for individual annuities, rivaling the peak seen in the fourth quarter of 2023.
Tech stocks tumble after Meta misses on earnings
The Nasdaq 100 shed $400B, the Facebook parent slumped by as much as 16%, and AI believers are left on tenterhooks.
Cetera names new head of corporate development
With a successful record at Avantax, Wall Street veteran Michael Molnar is set to lead the RIA's M&A and advisor succession planning strategy.
Distressed investors finding opportunities despite bull market, strong economy
"Interest rates have skyrocketed in the last 24 months and because of that, you're seeing more and more distress,” said one fund manager.
LPL welcomes $190M boomerang advisor
The broker-dealer broadened its advisory footprint in North Carolina as industry veteran returns from Benjamin F. Edwards & Co.
Retirement confidence flagging for most older US adults: AARP
Survey finds one-fifth of US adults aged 50 and over have no retirement savings, and three-fifths concerned they’ll outlive their nest eggs.
