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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New York eyes pied-à-terre tax on luxury second homes as budget pressure mounts
RETIREMENT PLANNING APR 20, 2026
New York eyes pied-à-terre tax on luxury second homes as budget pressure mounts

A proposed annual surcharge on second homes valued at $5 million or more has united the governor and mayor, while leaving real-estate lobbyists largely on their own to fight back.

Minority investments in RIAs shift toward smaller firms, DeVoe data show
RIA NEWS APR 20, 2026
Minority investments in RIAs shift toward smaller firms, DeVoe data show

The number of sub-$2 billion RIAs getting minority capital nearly tripled in 2025, a trend that has already accelerated in the first quarter of 2026.

You can't beat the house: A portfolio manager's POV on prediction markets and sports betting
ALTERNATIVES APR 20, 2026
You can't beat the house: A portfolio manager's POV on prediction markets and sports betting

With Robinhood building a prediction hub and Schwab signaling caution, wealth firms are confronting potentially blurred lines between investment tools and pure speculation.

RIA moves: Mariner adds $500M across two multigenerational teams
RIA NEWS APR 16, 2026
RIA moves: Mariner adds $500M across two multigenerational teams

Meanwhile, Wealth Enhancement expands its Dallas footprint with a $268 million RIA, and Integrated Partners launches a virtual family office practice targeting ultra-high-net-worth clients.

Schwab posts 30% profit jump, flags RIA platform upgrades and crypto launch
CUSTODIAN APR 16, 2026
Schwab posts 30% profit jump, flags RIA platform upgrades and crypto launch

Record trading activity and rising client assets drove the brokerage giant's strongest revenue quarter on record.

Wealth.com raises $65M Series B as AI adoption accelerates across firms
FINTECH APR 16, 2026
Wealth.com raises $65M Series B as AI adoption accelerates across firms

The oversubscribed round drew backing from new investors including Dynasty Financial Partners, as well as continued support from Schwab and Google's venture arm.

The 2026 class of Excellence Awardees revealed for the InvestmentNews Awards
RIA NEWS APR 16, 2026
The 2026 class of Excellence Awardees revealed for the InvestmentNews Awards

From trailblazing teams to innovative firms and outstanding individuals, discover who'll be vying for the ultimate recognition at the third annual InvestmentNews Awards gala happening in June.

Mark Mobius, pioneer of emerging markets investing, dies at 89
EMERGING MARKETS APR 15, 2026
Mark Mobius, pioneer of emerging markets investing, dies at 89

The emerging markets evangelist spent more than three decades at Franklin Templeton building a case for investing in the developing world – and a track record that largely backed it up.

Fintech bytes: Wealth.com declares new era for Ester AI
FINTECH APR 15, 2026
Fintech bytes: Wealth.com declares new era for Ester AI

Meanwhile, advisor AI platform Jump is expanding its partnership with an LPL OSJ, and TIFIN is entering the agentic AI arena.

Prediction markets on track for $1 trillion by 2030, but sports betting stirs legal storm
ALTERNATIVES APR 15, 2026
Prediction markets on track for $1 trillion by 2030, but sports betting stirs legal storm

Bernstein sees prediction market trading volume hitting $1 trillion by 2030, but an ongoing legal fight over sports event contracts could test that outlook.