Cathie Wood’s ARK funds are leaking billions of dollars
2024 outflows from her active strategies have totaled $2.2B so far, eclipsing redemptions from disappointed investors last year.
Alts platform CAIS secures another partnership
The leading alternative investments provider is helping Captrust, the $800B wealth juggernaut, provide a better experience for advisors.
Showtime for HSBC’s wealth strategy as it unveils NYC office
The banking services giant is making a statement to high-net-worth and ultra-affluent individuals with its flagship center in New York.
Fidelity hits HSA record amid assets, adoption boom
The investing giant is now the second-largest provider of health savings accounts, with HAS assets quadrupling to $24B since 2020.
DOL’s new fiduciary rule is out
Opponents likely to be disappointed, DOL accused of 'conducting an ideological campaign to ban commissions'.
Tesla drifting in ‘no man’s land’ after tanking 43%
Stakes are high ahead of earnings for Elon Musk’s EV stock, which has suffered its longest rout since late 2022.
Advisor360 taps veteran Mike Fanning as CEO
The former head of MassMutual US is stepping in as the fintech platform provider plans next chapter.
Poll shows Americans lack action when it comes to estate planning
Survey of US adults finds stunning shortfalls, with behavioral differences running along gender, wealth, and generational lines.
Investors want ‘more personalization’ when it comes to ESG
Greenwashing scared off many investors but advisor says the key is helping clients gain a deeper understanding of what matters to them.
American teens stressed about their parents’ finances and their own
Most want to know more about money to avoid the pitfalls.
EQT focuses on growth for private wealth business with new Americas head
The Swedish investment firm has four offices in the US.
Investors in ‘disappointing’ funds pioneered by Ray Dalio demand exit
Risk-parity funds promised a lot, but investors want their money back.
Gold in decline after biggest one-day drop in two years
Geopolitics and higher-for-longer rates are weakening demand.
Binance’s bitcoin trading market share tumbles as rivals gain
World's largest crypto platform's share of trades drops from 81% to 55%.
There’s a gender gap in emerging tech investment
Fintech platform’s poll shows men more likely than women to dive into crypto, blockchain, and alternative assets.
Solid start to wealth management deals in 2024: report
"We’re seeing continued deal flow of mid-sized and smaller RIAs, along with broker-dealers, too," one banker said.
Should advisors be looking for gold alternatives?
Gold has been shining this year, but there are other precious metals that advisors may want to consider adding to portfolios.
BlackRock set for first mutual fund-to-ETF switch
The global asset management firm is converting a $700M dividend strategy amid pervasive investor demand for tax-efficient fund structures.
LPL lands breakaway advisor from Merrill Lynch
The broker-dealer giant broadens its presence in Texas with the launch of an $820M multigenerational high-net-worth practice.
