Industry News

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EM stocks hit two-year high, currencies gain amid rate cut bets
NEWS INDUSTRY NEWS JUL 11, 2024
EM stocks hit two-year high, currencies gain amid rate cut bets

Expectation rising for easing monetary policies.

By Bloomberg
Robertson Stephens breaks another billion-dollar barrier with RIA partnership
NEWS RIAS JUL 10, 2024
Robertson Stephens breaks another billion-dollar barrier with RIA partnership

The national RIA has officially exceeded $6B in advisory assets while gaining its first foothold in Oregon.

By Leo Almazora
Pensionmark enters a new era with World Investment Advisors rebrand
NEWS RIAS JUL 10, 2024
Pensionmark enters a new era with World Investment Advisors rebrand

After two years of supercharged growth, the RIA aggregator is refreshing its brand to entice more independent wealth practices.

By Leo Almazora
S&P 500 reaches all-time high as big tech rallies over Powell testimony
NEWS INDUSTRY NEWS JUL 10, 2024
S&P 500 reaches all-time high as big tech rallies over Powell testimony

The Federal Reserve chair's remarks to Congress have not dissuaded market hopes of a September rate cut.

By Bloomberg
Roaring Kitty’s $211M GameStop stake poses a mathematical mystery
NEWS INDUSTRY NEWS JUL 10, 2024
Roaring Kitty’s $211M GameStop stake poses a mathematical mystery

The magnitude of Keith Gill’s recently revealed meme stock positions has investing leaders and experts scratching their heads.

By Leo Almazora
Trade-secrets lawsuit over HSBC's SVB hires gets watered down
NEWS INDUSTRY NEWS JUL 10, 2024
Trade-secrets lawsuit over HSBC's SVB hires gets watered down

California judge dismisses most claims from $1B lawsuit alleging that the bank snapped up employees to mine confidential information.

By Bloomberg
Advisors witness ‘osmosis effect’ at inaugural InvestmentNews Awards
NEWS INDUSTRY NEWS JUL 10, 2024
Advisors witness ‘osmosis effect’ at inaugural InvestmentNews Awards

Winners revel in being recognized by top-performing peers.

By Josh Welsh
Business owner clients consider succession, but that may not include the family
NEWS INDUSTRY NEWS JUL 10, 2024
Business owner clients consider succession, but that may not include the family

Edward Jones report finds that financial advisors are seeing another route.

By Steve Randall
Financial industry confidence in stopping transfer scams is worryingly low
NEWS INDUSTRY NEWS JUL 10, 2024
Financial industry confidence in stopping transfer scams is worryingly low

Firms are fighting the scammers, but LexisNexis report shows it's tough.

By Steve Randall
M&A outlook improves but the next few months looks uneven across industries
NEWS INDUSTRY NEWS JUL 10, 2024
M&A outlook improves but the next few months looks uneven across industries

BCG report reveals slower pace of recovery than expected so far in 2024.

By Steve Randall
ESG is growing within private credit markets
NEWS INDUSTRY NEWS JUL 10, 2024
ESG is growing within private credit markets

Despite backlash in US, sustainable focused funds are gaining.

By Bloomberg
HSBC wants to look more like other Wall Street firms
NEWS INDUSTRY NEWS JUL 10, 2024
HSBC wants to look more like other Wall Street firms

Global firm is reshaping its investment banking business.

By Bloomberg
LPL, Schwab top 'retail broker' picks: analyst
NEWS BROKER DEALERS JUL 09, 2024
LPL, Schwab top 'retail broker' picks: analyst

'Schwab makes ton of money on its cash, and more financial advisors means more cash,' one executive says.

By Bruce Kelly
Investors weigh high yield allocations while Fed mulls rate cuts
NEWS INDUSTRY NEWS JUL 09, 2024
Investors weigh high yield allocations while Fed mulls rate cuts

High yield has had a nice run due to the strong economy and a Federal Reserve on hold. But how long will that last?

By Gregg Greenberg
Fed needs more good inflation data, says Powell
NEWS INDUSTRY NEWS JUL 09, 2024
Fed needs more good inflation data, says Powell

Chair's comments to Senate appears to rule out July cut, with markets now focused on September meeting.

By Bloomberg
Coldstream strikes merger deal with $2B investment advisory firm
NEWS INDUSTRY NEWS JUL 09, 2024
Coldstream strikes merger deal with $2B investment advisory firm

The deal with the Oregon-based high-net-worth practice will take the employee-owned independent’s assets past $10B.

By Leo Almazora
Wealth Enhancement Group snaps up $123M hybrid RIA
NEWS INDUSTRY NEWS JUL 09, 2024
Wealth Enhancement Group snaps up $123M hybrid RIA

The national independent has extended its East Coast profile with a specialized wealth practice in Massachusetts.

By Leo Almazora
Returns in $9.7T green stocks second only to tech, says LSEG
NEWS INDUSTRY NEWS JUL 09, 2024
Returns in $9.7T green stocks second only to tech, says LSEG

10-year analysis shows sector generated 198% total returns.

By Bloomberg
Bitcoin ETFs gain $438M as investors buy the dip
NEWS INDUSTRY NEWS JUL 09, 2024
Bitcoin ETFs gain $438M as investors buy the dip

Net inflows have surged as lower crypto price entices buyers.

By Bloomberg
Archegos founder says case against him 'makes no sense'
NEWS INDUSTRY NEWS JUL 09, 2024
Archegos founder says case against him 'makes no sense'

Bill Hwang's lawyer makes last-chance argument in jury trial.

By Bloomberg