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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Texas court rules against American Airlines in ESG 401(k) plan case
RETIREMENT PLANNING JAN 10, 2025
Texas court rules against American Airlines in ESG 401(k) plan case

The presiding judge found the airline breached its fiduciary duty under federal law by prioritizing non-financial considerations in its employee retirement plan.

Janney hails 2024 recruitment season with 27 advisor additions
INDEPENDENT BROKER DEALERS JAN 10, 2025
Janney hails 2024 recruitment season with 27 advisor additions

The broker-dealer giant's new hires last year added more than $4.3 billion in collective client assets to its private client group.

Don't rub SALT cap expansion in US tax system's wounds, urges CRFB
RIA NEWS JAN 10, 2025
Don't rub SALT cap expansion in US tax system's wounds, urges CRFB

Analysis warns proposed $20,000 deduction for married couples would only add to projected $3.9 trillion revenue loss, among other consequences.

Dodge & Cox reveals CEO Dana Emery to step down
MUTUAL FUNDS JAN 10, 2025
Dodge & Cox reveals CEO Dana Emery to step down

The mutual fund giant's chair and chief executive is retiring after a lengthy 40-year tenure at the firm.

Wealth Enhancement Group tops $103B in assets with Ohio acquisition
RIA NEWS JAN 10, 2025
Wealth Enhancement Group tops $103B in assets with Ohio acquisition

The RIA colossus adds to its still-growing national footprint with its fourth location in the state.

Captrust welcomes $300M Wealth Covenant Group
RIA NEWS JAN 10, 2025
Captrust welcomes $300M Wealth Covenant Group

The independent wealth titan's latest acquisition in Houston expands its Texas presence into a dozen locations.

Bison Wealth takes 'next natural step' to form $3B firm
RIA NEWS JAN 09, 2025
Bison Wealth takes 'next natural step' to form $3B firm

Merger of two operating companies positions the Atlanta-based RIA for its next phase of continued rapid growth.

UBS reportedly close to settling Credit Suisse tax charges with Justice Department
WIREHOUSES JAN 09, 2025
UBS reportedly close to settling Credit Suisse tax charges with Justice Department

The banking giant is set to pay at least a nine-figure sum over collapsed lender's failure to cooperate with efforts to catch tax-evading clients, according to the Wall Street Journal.

What's next for the annuities space in 2025?
RETIREMENT PLANNING JAN 09, 2025
What's next for the annuities space in 2025?

Cross-currents from inflation, the stock market, and demand for protected growth are converging into a mixed picture, says Limra.

Cerity Partners gets boost in Boston with Prio Wealth merger
RIA NEWS JAN 09, 2025
Cerity Partners gets boost in Boston with Prio Wealth merger

The independent wealth giant's latest move in New England gives it an additional $4.1 billion in assets along with a "highly credentialed and experienced team."