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JPMorgan anticipates $30B of private credit will change hands this year
Nascent secondary market is expected to see record pace of activity as investors seek liquidity.
Broker-dealers and bitcoin ETFs: To sell or not to sell?
'Financial advisors don’t understand bitcoin,' one senior executive notes. 'It's a disaster waiting to happen.'
JPMorgan Asset Management thinks Fed cuts could be deeper
Wall Street firm believes that while 1.5% of cuts is probably correct, there could be more easing needed.
Cambridge launches fee-only RIA
BridgePort Financial Solutions can provide smaller RIAs with support in areas such as technology, practice management and outsourcing.
Finra watching crypto assets, brokers in 2024
Finra reveals it's keeping tabs on salespeople and financial advisors who are involved in the marketing and sale of digital assets.
‘Wall Street South’ beckons financial services firms
Why hedge fund managers, advisory firms and other financial services firms are basking in the sun in Miami.
Raymond James’ Reilly sees comp soar in 2023
Total compensation for the IBD's CEO hit $34.9 million in the company's fiscal year ended Sept. 30.
RBC nabs $610M team from Truist
The Cypress Group will operate out of RBC’s office in Wilmington, North Carolina.
Lawyers welcome proposed crackdown on brokers lending money to clients
'Ninety-nine percent of the time, lending to customers or borrowing from them is a bad idea.'
LPL nabs $260M advisor from PNC
Zachary Fiandt will align with Financial Partners Inc.
JPMorgan shares hit new record high
Wall Street stalwart gained from regional bank collapses but can it maintain momentum?
‘This LPL case is a grab bag,’ says industry attorney
Finra hits LPL, Interactive Brokers with fines as 2023 closes.
Cetera CEO sees ‘even bigger things’ ahead as private equity firm reinvests
Genstar Capital made its original investment in the firm in 2018.
Lincoln deal caps year of change at Osaic
But what will the ultimate asking price for Osaic be as the firm moves toward an IPO?
Finra bars ex-Wells Fargo broker previously charged with fraud
Louis Goff and others had been charged with raising $2.1 million from investors in a fraud from 2019 and 2020.
Broker-dealer index stays on pace with S&P 500 this year
'The broker-dealers are the toll collectors of trading volume.'
JPMorgan senior leader changes likely in search for Dimon heir
With the clock ticking on the CEO's extended tenure, who might be his successor?
Citi shuts once-envied muni business
Wall Street firm says the unit is no longer viable.
Osaic nabs Lincoln Financial Advisors in latest purchase
The 1,450 financial advisors involved in the transaction oversee approximately $108 billion in assets.
B. Riley faces investors after deals, profits, stock go sour
Its shares have plunged by more than half since mid-July, driven by the falling value of its investment holdings and weak M&A markets that led to a $75.8M quarterly loss.
