Industry News

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Goldman Sachs sees oil at $77 in 2025 amid surplus
NEWS INDUSTRY NEWS AUG 27, 2024
Goldman Sachs sees oil at $77 in 2025 amid surplus

OPEC+ could be among the producers increasing supply.

By Bloomberg
Bronfman exit clears path for Skydance to buy Paramount Global
NEWS INDUSTRY NEWS AUG 27, 2024
Bronfman exit clears path for Skydance to buy Paramount Global

CBS, MTV firm set for revitalization under new owner.

By Bloomberg
Fed cuts could spark $1T US asset sale, FX market risk
NEWS INDUSTRY NEWS AUG 27, 2024
Fed cuts could spark $1T US asset sale, FX market risk

US denominated asset sale could be an 'avalanche'.

By Bloomberg
Ex-Goldman MD 'bets career' on climate-proofing real estate
NEWS INDUSTRY NEWS AUG 27, 2024
Ex-Goldman MD 'bets career' on climate-proofing real estate

Wall Street veteran teams up with billionaire investor Tom Steyer.

By Bloomberg
New York RIA faces $1.8M penalty over failures in handling nonpublic information
NEWS INDUSTRY NEWS AUG 26, 2024
New York RIA faces $1.8M penalty over failures in handling nonpublic information

SEC says the firm failed to properly review risks in CLO trades it executed, causing roughly $685K in losses for two counterparties.

By Leo Almazora
B-D giant Osaic reorganizes management team
NEWS BROKER DEALERS AUG 26, 2024
B-D giant Osaic reorganizes management team

The moves boost the authority of Tim Hodge and Dimple Shah in Osaic's management structure.

By Bruce Kelly
Dimensional Fund alums launch platform to empower RIAs
NEWS RIAS AUG 26, 2024
Dimensional Fund alums launch platform to empower RIAs

The new venture, Parkwoods Wealth Partners, aims to help registered investment advisers overcome the challenges of growth and succession planning.

By Leo Almazora
Wellspring taps Evolution Capital’s Jeffrey Kadlic as president and COO
NEWS INDUSTRY NEWS AUG 26, 2024
Wellspring taps Evolution Capital’s Jeffrey Kadlic as president and COO

With 25 years of experience across multiple areas, the alternative investing veteran is set to lead the multi-family office’s next leg of expansion.

By Leo Almazora
Hybrid RIA celebrates 200 pillar partner advisors on its $13B AUM platform
NEWS INDUSTRY NEWS AUG 26, 2024
Hybrid RIA celebrates 200 pillar partner advisors on its $13B AUM platform

Prioritizing retirement plan for advisors is one of the keys to firm's success.

By Steve Randall
PE firm adds catalog of Grammy winning Bruno Mars collaborator to assets
NEWS INDUSTRY NEWS AUG 26, 2024
PE firm adds catalog of Grammy winning Bruno Mars collaborator to assets

It's the latest big money music deal following Blackstone’s $1.6B Hipgnosis fund buy.

By Steve Randall
Social engagement platform for RIAs powers up with AI partnership
NEWS INDUSTRY NEWS AUG 26, 2024
Social engagement platform for RIAs powers up with AI partnership

Solution aims to streamline advisor workflow while remaining complaint.

By Steve Randall
Fed's Powell outlines two priorities as rate cuts near
NEWS INDUSTRY NEWS AUG 26, 2024
Fed's Powell outlines two priorities as rate cuts near

Strategy will be under review in the coming months.

By Bloomberg
Gold run has further to go as bulls celebrate
NEWS INDUSTRY NEWS AUG 26, 2024
Gold run has further to go as bulls celebrate

Lower US interest rates will provide new gains for bullion.

By Bloomberg
'Time has come' for Fed rate cuts, says Powell
NEWS INDUSTRY NEWS AUG 23, 2024
'Time has come' for Fed rate cuts, says Powell

The Federal Reserve chair has solidified the central bank's plans to begin lowering borrowing costs as confidence on inflation grows.

By Bloomberg
529s, loans, credits ... financial strategies for back-to-school planning
NEWS INDUSTRY NEWS AUG 23, 2024
529s, loans, credits ... financial strategies for back-to-school planning

Advisors share planning ideas, and some lessons learned, to help ensure clients' kids are getting an education.

By Josh Welsh
Florida men plead guilty to $3M fraudulent tax return scheme
NEWS INDUSTRY NEWS AUG 23, 2024
Florida men plead guilty to $3M fraudulent tax return scheme

IRS was persuaded to pay out $1.5M in falsely claimed refunds.

By Steve Randall
Markets expect Fed chair to play it safe with Jackson Hole speech
NEWS INDUSTRY NEWS AUG 23, 2024
Markets expect Fed chair to play it safe with Jackson Hole speech

But there is always the potential for shocks.

By Bloomberg
Why are family offices losing interest in private credit funds?
NEWS INDUSTRY NEWS AUG 23, 2024
Why are family offices losing interest in private credit funds?

Industry data shows weakened interest for the months ahead.

By Bloomberg
ESG regulation is risk for commodities, warns Jefferies
NEWS INDUSTRY NEWS AUG 23, 2024
ESG regulation is risk for commodities, warns Jefferies

New rules affect firms trading with the EU.

By Bloomberg
UBS loses US activism defense staff to BofA, Wells Fargo
NEWS INDUSTRY NEWS AUG 23, 2024
UBS loses US activism defense staff to BofA, Wells Fargo

Sources report several team members have jumped ship.

By Bloomberg