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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Merrill Lynch, BofA's brokerage arm, hit with $7.5M SEC fine over missed suspicious activity reports
WIREHOUSES JUN 29, 2026
Merrill Lynch, BofA's brokerage arm, hit with $7.5M SEC fine over missed suspicious activity reports

Regulators found Bank of America's monitoring software had a known flaw Merrill left uncorrected for years.

Supreme Court blocks Trump's bid to fire Fed Governor Lisa Cook
REGULATION, LEGAL & COMPLIANCE JUN 29, 2026
Supreme Court blocks Trump's bid to fire Fed Governor Lisa Cook

A 5-4 ruling preserves the Federal Reserve's independence for now, but the legal fight over presidential removal power is far from settled.

Bitcoin ETF outflows cross record $4 billion in June
ALTERNATIVES JUN 29, 2026
Bitcoin ETF outflows cross record $4 billion in June

Investor withdrew from spot bitcoin funds at their fastest pace ever this month, eclipsing last year's worst period and raising questions about the durability of institutional demand.

JPMorgan's succession clock is ticking — and this time, insiders say it's real
WIREHOUSES JUN 29, 2026
JPMorgan's succession clock is ticking — and this time, insiders say it's real

After years of mixed signals and shifting timelines from Jamie Dimon, Wall Street sources suggest the race to lead JPMorgan Chase has entered its decisive stretch.

Family offices use 'purpose of wealth' to prep the next gen
PRACTICE MANAGEMENT JUN 29, 2026
Family offices use 'purpose of wealth' to prep the next gen

New research finds nearly half of family offices have defined wealth's purpose beyond investment, with next-gen engagement still lagging

How FINRA's updated gift rule forces firms to rethink compliance workflows
REGULATION, LEGAL & COMPLIANCE JUN 29, 2026
How FINRA's updated gift rule forces firms to rethink compliance workflows

Advisors and broker-dealers adjusting to the March 2026 threshold change face bigger challenges around back-end monitoring than the new dollar limit itself.

Advisor moves: Veteran-led UBS team overseeing $460 million migrates to Merrill
INDEPENDENT BROKER DEALERS JUN 26, 2026
Advisor moves: Veteran-led UBS team overseeing $460 million migrates to Merrill

Meanwhile, Wells Fargo hauled advisors overseeing $825 million in the West Coast, while Wedbush has welcomed a seasoned professional from Stifel in California.

Social Security payroll tax cap draws fire as wealth gap widens
RETIREMENT PLANNING JUN 26, 2026
Social Security payroll tax cap draws fire as wealth gap widens

A bipartisan Senate push to lift the $184,500 earnings cap is gaining momentum as the program's 2032 insolvency deadline looms

Jump expands AI platform with end-to-end client onboarding tools
FINTECH JUN 25, 2026
Jump expands AI platform with end-to-end client onboarding tools

The leading notetaking and meeting prep platform's newest capabilities automate account opening, compliant scheduling, and cross-system workflows for advisors.

Asset-Map, VastAdvisor launches help solve advisors' growth puzzle
FINTECH JUN 24, 2026
Asset-Map, VastAdvisor launches help solve advisors' growth puzzle

Asset-Map makes a bet on a partner ecosystem while VastAdvisor goes deeper on AI and CRM integration to help advisors grow.