Leo Almazora

Leo Almazora has been the resident US News Writer for InvestmentNews since February 2024. 

An experienced journalist, he honed his understanding of stocks, bonds, mutual funds, ETFs, alternative investments, and wealth technology over seven years of conversations with portfolio managers, advisors and other industry experts and insiders over the course of nearly a decade. 

In his spare time, he enjoys running (he's run a full mary once, and is hoping to make it twice), singing, biking, listening to audiobooks, or doing some combination thereof.

Email him at [email protected].

Leo Almazora
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SEC rejects Texas advisor's 'moral obligation' defense over trading in deceased client's account
INDEPENDENT BROKER DEALERS JUN 06, 2025
SEC rejects Texas advisor's 'moral obligation' defense over trading in deceased client's account

The ex-registered broker facilitated a series of transactions, including nine trades totaling nearly $130,000 and eight withdrawals amounting to $85,000, for a fourteen-month period after the client's death.

Envestnet unveils AI data tools to empower advisors' decision-making
FINTECH JUN 06, 2025
Envestnet unveils AI data tools to empower advisors' decision-making

The wealth tech giant is offering advisors a natural, intuitive way to use AI through its new business intelligence and insights engine features.

$8B RIA Wealthcare to be acquired by Sammons Financial Group
RIA NEWS JUN 06, 2025
$8B RIA Wealthcare to be acquired by Sammons Financial Group

The transaction will see ownership of Wealthcare switch from NewSpring Holdings roughly 12 years after the private equity company made its investment.

RIA wrap: Northern Trust taps State Street Bank alum for OCIO strategy, Dynasty partner firm adds new managing director
RIA NEWS JUN 06, 2025
RIA wrap: Northern Trust taps State Street Bank alum for OCIO strategy, Dynasty partner firm adds new managing director

Also, New York-based Withum Wealth Management has named a 45-year veteran professional to fill a C-suite role.

Labor market holds steady in May, muting Fed rate cut prospects
EQUITIES JUN 06, 2025
Labor market holds steady in May, muting Fed rate cut prospects

The latest jobs print showed hiring and unemployment holding steady, though downward revisions from March and April numbers offer cause for concerns.

Bond ETFs lead May rebound as inflows hit $86 billion
EQUITIES JUN 05, 2025
Bond ETFs lead May rebound as inflows hit $86 billion

Active ETFs, international funds, and long-duration bonds emerged among top beneficiaries of May asset flows.

Fidelity wades into the managed futures space with new ETF
ALTERNATIVES JUN 05, 2025
Fidelity wades into the managed futures space with new ETF

The investment giant's newest exchange-traded fund offers low-cost exposure to a diversifying liquid alternative strategy.

Merchant taps Rich Policastro to deepen advisor services
RIA NEWS JUN 05, 2025
Merchant taps Rich Policastro to deepen advisor services

The private capital provider looks to make good on its promise as a lifecycle partner to advisors as it hires the former M&A head at Hightower Advisors.

Advisor moves: LPL adds father-son duo in Virginia as Raymond James goes on recruitment spree
INDEPENDENT BROKER DEALERS JUN 05, 2025
Advisor moves: LPL adds father-son duo in Virginia as Raymond James goes on recruitment spree

Meanwhile, Wells Fargo reels in a veteran from JPMorgan in Las Vegas, Nevada.

RIA moves: Coldstream adds Oregon-based Cable Hill Partners as Perigon welcomes wirehouse vet in California
RIA NEWS JUN 05, 2025
RIA moves: Coldstream adds Oregon-based Cable Hill Partners as Perigon welcomes wirehouse vet in California

Also in the West Coast, San Francisco-headquartered Parallel Advisors has bolstered its leadership with two executive hires.