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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iCapital strikes private-credit partnership with Bain
ALTERNATIVES APR 12, 2024
iCapital strikes private-credit partnership with Bain

Fintech platform for alts is teaming up with global credit manager to extend its reach among advisors and high-net-worth investors.

Vermont pushes partnership to hasten auto-IRA program
RETIREMENT PLANNING APR 12, 2024
Vermont pushes partnership to hasten auto-IRA program

The state’s planned alliance with Colorado could allow its VT Saves initiative to launch before year-end.

Biden takes another $7.4B step in fight to tame student debt
RIA NEWS APR 12, 2024
Biden takes another $7.4B step in fight to tame student debt

The latest move covers almost 280,000 borrowers in the SAVE, income-driven replacement, and public service loan forgiveness programs.

Empower settles with former advisors in poaching case
RETIREMENT PLANNING APR 12, 2024
Empower settles with former advisors in poaching case

The suit involved 13 advisors, all of whom joined Empower via its acquisition of Personal Capital, who departed to establish a rival advisory firm.

OMB draws flak on DOL fiduciary rule decision
RETIREMENT PLANNING APR 12, 2024
OMB draws flak on DOL fiduciary rule decision

Industry groups express disappointment at the Office of Management and Budget's speedy review of the controversial rule.

UBS boosts its New York presence
INDEPENDENT BROKER DEALERS APR 12, 2024
UBS boosts its New York presence

The firm’s private wealth unit is welcoming a team of former Goldman Sachs advisors in the Big Apple.

Five firms hit in SEC marketing rule sweep
REGULATION, LEGAL & COMPLIANCE APR 12, 2024
Five firms hit in SEC marketing rule sweep

The regulator’s crackdown centered on the firms' use of hypothetical performance data and led to a total of $200,000 in penalties.

Ebbing passive demand poses challenges for asset managers
ETFS APR 11, 2024
Ebbing passive demand poses challenges for asset managers

As the lines between active and passive strategies blur, product teams will have a tougher time appeasing advisors, Cerulli says.

RIAs’ outlook on economy lukewarm, survey shows
RIA NEWS APR 11, 2024
RIAs’ outlook on economy lukewarm, survey shows

Inaugural study finds more than two-thirds expect at least mild growth in the stock market, while nine-tenths brace for continued volatility.

Baird simplifies alts platform with new CAIS partnership
ALTERNATIVES APR 11, 2024
Baird simplifies alts platform with new CAIS partnership

The firms are deepening their longtime tech collaboration to create a unified alternative investments solution for Baird's more than 1,300 advisors.