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Ameriprise, Raymond James report new highs in wealth management
NEWS BROKER DEALERS JUL 25, 2024
Ameriprise, Raymond James report new highs in wealth management

Meanwhile, senior execs at both firms are keeping an eye on increases of yields on cash at competitors.

By Bruce Kelly
Advisors consider BDCs as Fed rate cuts loom
NEWS INDUSTRY NEWS JUL 25, 2024
Advisors consider BDCs as Fed rate cuts loom

Publicly traded BDCs have risen in popularity due to their high yields, but are they right for a slowing economy?

By Gregg Greenberg
Final week to submit entries for Rising Stars 2024
NEWS INDUSTRY NEWS JUL 25, 2024
Final week to submit entries for Rising Stars 2024

Entries for InvestmentNews’ Rising Stars close this Friday.

By IN Staff
$1 billion practice joins LPL Financial
NEWS INDUSTRY NEWS JUL 25, 2024
$1 billion practice joins LPL Financial

The group includes 22 advisors and eight support staff.

By Jonalyn Cueto
US annuity sales reach record high in the first half of 2024
NEWS LIFE INSURANCE AND ANNUITIES JUL 25, 2024
US annuity sales reach record high in the first half of 2024

Annuities have benefited from favorable economic conditions and the Federal Reserve not cutting interest rates this year, says Limra head of research.

By Jonalyn Cueto
Stifel's Q2 2024 earnings beat forecasts
NEWS INDUSTRY NEWS JUL 25, 2024
Stifel's Q2 2024 earnings beat forecasts

Company reports substantial increase in revenue compared to last year.

By Jonalyn Cueto
Wall Street veteran, NBA Hall of Famer, unite for athlete-focused platform
NEWS INDUSTRY NEWS JUL 25, 2024
Wall Street veteran, NBA Hall of Famer, unite for athlete-focused platform

Athlete investors will have access to early-stage companies.

By Steve Randall
Earnings, growth concerns drag stocks lower
NEWS INDUSTRY NEWS JUL 25, 2024
Earnings, growth concerns drag stocks lower

US GDP, jobless claims data awaited later Thursday.

By Bloomberg
US Treasuries rally sharply amid global demand
NEWS INDUSTRY NEWS JUL 25, 2024
US Treasuries rally sharply amid global demand

Calls intensify for Fed rate cut this month.

By Bloomberg
Cryptos fall following megacap tech stock drop
NEWS INDUSTRY NEWS JUL 25, 2024
Cryptos fall following megacap tech stock drop

Easing of AI frenzy has dented sentiment.

By Kristine Esguerra
Taylor Swift label slumps as subs miss the high notes
NEWS INDUSTRY NEWS JUL 25, 2024
Taylor Swift label slumps as subs miss the high notes

Music company stocks going for a song after disappointing data.

By Bloomberg
Dynasty advisors make end of year stock, economy predictions
NEWS INDUSTRY NEWS JUL 24, 2024
Dynasty advisors make end of year stock, economy predictions

Dynasty Financial advisors predict the market's performance in response to a summer survey.

By Gregg Greenberg
Balancing offense and defense: Buff Dormeier’s data-driven approach to portfolio management
NEWS INDUSTRY NEWS JUL 24, 2024
Balancing offense and defense: Buff Dormeier’s data-driven approach to portfolio management

Kingsview’s tactical portfolios strive to achieve successful investor outcomes through the volume factor.

By Manal Ali
Morgan Stanley will increase some cash yields to 2%
NEWS BROKER DEALERS JUL 24, 2024
Morgan Stanley will increase some cash yields to 2%

The changes in yields on cash pose a big problem for future profits at large wealth management and brokerage firms.

By Bruce Kelly
Genstar Capital becomes majority investor in Docupace
NEWS FINTECH JUL 24, 2024
Genstar Capital becomes majority investor in Docupace

Investment boosts growth and innovation potential for wealth management software firm.

By Jonalyn Cueto
Fintech firm introduces one-button ETF investing platform
NEWS ETFS JUL 24, 2024
Fintech firm introduces one-button ETF investing platform

New application aims to revolutionize ETF investing.

By Jonalyn Cueto
Raymond James welcomes new VP of wealth management to Dublin office
NEWS INDUSTRY NEWS JUL 24, 2024
Raymond James welcomes new VP of wealth management to Dublin office

Advisor previously managed more than $100 million at Edward Jones.

By Jonalyn Cueto
KKR to acquire Janney Montgomery Scott from Penn Mutual
NEWS INDUSTRY NEWS JUL 24, 2024
KKR to acquire Janney Montgomery Scott from Penn Mutual

Janney manages over $150 billion in assets and employs more than 900 financial advisors across 135 offices in the US.

By Jonalyn Cueto
Half of real estate investors have lost $100K or more on a single asset
NEWS INDUSTRY NEWS JUL 24, 2024
Half of real estate investors have lost $100K or more on a single asset

Most who've put money into residential real estate have lost.

By Steve Randall
Credent Wealth Management secures strategic investment for expansion
NEWS INDUSTRY NEWS JUL 24, 2024
Credent Wealth Management secures strategic investment for expansion

Indiana headquartered $2.6B RIA gains funds to accelerate national spread.

By Steve Randall