Leo Almazora

Leo Almazora is the resident US news writer at InvestmentNews, a role he has held since February 2024. He covers a broad range of topics central to the financial advisory industry, including broker-dealer news, registered investment advisor (RIA) activity, advisor recruitment and moves, retirement planning, elder fraud, and wealth technology across the United States. Leo brings nearly a decade of financial journalism experience to his reporting, having developed deep expertise in equities, fixed income, mutual funds, exchange-traded funds (ETFs), alternative investments, and wealthtech through extensive conversations with portfolio managers, financial advisors, and industry executives.

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Leo Almazora
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Insured Retirement Institute urges Labor Department to retain annuity safe harbor
RETIREMENT PLANNING AUG 01, 2025
Insured Retirement Institute urges Labor Department to retain annuity safe harbor

A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.

Fed rate cut back in play after July jobs miss with 73,000 added to nonfarm payrolls
EQUITIES AUG 01, 2025
Fed rate cut back in play after July jobs miss with 73,000 added to nonfarm payrolls

Hiring slows in July as downward revisions and rising unemployment rate strengthen the case for a Federal Reserve rate cut.

Raymond James, Osaic laud new bank partnerships
INDEPENDENT BROKER DEALERS JUL 31, 2025
Raymond James, Osaic laud new bank partnerships

A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.

Bessent backpedals after blowback on 'privatizing Social Security' comments
RETIREMENT PLANNING JUL 31, 2025
Bessent backpedals after blowback on 'privatizing Social Security' comments

The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.

Robinhood beats Q2 profit estimates as business goes beyond YOLO trading
FINTECH JUL 31, 2025
Robinhood beats Q2 profit estimates as business goes beyond YOLO trading

Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.

Lido hires digital marketing head from Cerity for C-level role
RIA NEWS JUL 31, 2025
Lido hires digital marketing head from Cerity for C-level role

Justin Barish brings his expertise in digital strategy and communications to help accelerate the LA-based RIA's growth.

Choreo taps another ex-Edelman leader to C-suite
RIA NEWS JUL 31, 2025
Choreo taps another ex-Edelman leader to C-suite

Chief growth officer Keith Kotfica brings 30 years of industry experience as he spearheads the $27.2 billion RIA's affiliated referral program

Could 401(k) plan participants gain from guided personalization?
RETIREMENT PLANNING JUL 30, 2025
Could 401(k) plan participants gain from guided personalization?

Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.

Capital Group, KKR eye first public-private equity fund in SEC filing
ALTERNATIVES JUL 30, 2025
Capital Group, KKR eye first public-private equity fund in SEC filing

The $3 trillion investment manager is projecting an early 2026 launch for its blended strategy, which would put up to 40% of assets in PE investments or funds offered by KKR.

Divided Fed maintains interest rate hold for July as criticisms build
EQUITIES JUL 30, 2025
Divided Fed maintains interest rate hold for July as criticisms build

President Donald Trump, Treasury Secretary Scott Bessent, and two Federal Reserve governors have all raised concerns questioning the central bank's leadership.