Avantax strikes deal for $760M wealth business
The firm best known for its integrated tax expertise is expanding its book as it snaps up a like-minded practice in Texas.
Fed set to keep rates on hold, delay cuts in the near future
FOMC will announce rate decision at 2pm ET.
JPMorgan Asset Management’s $169B ETF business chief exits
Global head of ETF solutions, Bryon Lake, has left the firm.
Franklin Templeton wants to transform the industry through Microsoft AI partnership
The collab will use AI to power-up digital transformation at scale.
As home prices climb again, it’s cheaper to rent in the largest metros
Buying a home remains an aspiration but perhaps the time isn’t right?
ESG investors prefer passive as active funds ‘bleed money’
Morningstar data shows a recalibration of ESG investing space.
FX markets pivot as rate-hikes in some EMs look more likely
Buying local currency becomes riskier as rate cut bets fade.
What tech should you use when you go RIA?
Several experts say it isn’t about which tech to use but rather the vision for the tech.
Cetera’s Durbin says IPO clock has yet to tick
"Every private equity deal we have seen in the brokerage industry has lasted five to seven years," one executive said.
Seven-tenths of aspiring homeowners are waiting for the Fed’s cue, says BMO
Poll of US adults finds nearly a third dipping into 401(k) retirement plans as cost-of-living concerns and other stressors pile up.
“Cold April” shows muni bonds not immune to Fed talk
Investors’ doused sentiment around rate cuts leaks into market for munis, which posted their worst record since September.
Macro-proof tech trade smashes ETF records
Tech ETFs have hoovered up some $9B so far this year as investors embrace the idea of megacaps’ endurance through economic cycles.
Kayne Anderson Rudnick deepens San Francisco advisory bench
The firm strengthens its team in California as it welcomes a new advisor with a background supporting ultra-high-net-worth clients.
New Cerulli study sheds light on advisors going independent
Cerulli’s study revealed approximately one-third of IBD advisors (32%) have considered opening an RIA in the past year.
EP Wealth scores sports-focused advisors from RBC
The fee-only RIA’s newest advisors in California cater to high-net-worth individuals and athletes at the pro and college levels.
SEIA eyes expansion with largest-ever acquisition
The independent RIA’s deal for a Cleveland-based firm with $2B in assets would mark its maiden expansion into the American Midwest.
Janney expands Eastern US profile with veteran advisors
The ex-Baird advisor in North Carolina and the Wells Fargo alum in Maryland, who together reported managing more than $600M.
Michael Nathanson named new Focus CEO
After several months as president, Nathanson is taking over the chief exec position at the wealth advisory giant from Dan Glaser.
Equities on hold as traders await Fed decision
The central bank will announce rates decision Wednesday.
Celebrity, charity, diversity: Insights from a ‘financial architect’
Angeles Wealth’s Rick Nott shares his career journey working with wealth.
