Industry News

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IRS takes aim at wealthy individuals who use tax-avoiding partnerships
NEWS INDUSTRY NEWS JUN 18, 2024
IRS takes aim at wealthy individuals who use tax-avoiding partnerships

The agency has announced new investment in compliance and enforcement capabilities.

By Steve Randall
Student loan debt may impact voting intentions, Bankrate.com poll shows
NEWS INDUSTRY NEWS JUN 18, 2024
Student loan debt may impact voting intentions, Bankrate.com poll shows

Study shows even those without loans will be influenced by the issue.

By Steve Randall
More Americans have health insurance than pre-pandemic
NEWS INDUSTRY NEWS JUN 18, 2024
More Americans have health insurance than pre-pandemic

But 25 million remain uninsured according to new report.

By Bloomberg
Bitcoin at one-month low amid broad crypto sell-off
NEWS INDUSTRY NEWS JUN 18, 2024
Bitcoin at one-month low amid broad crypto sell-off

Stocks and bonds providing better returns weakens digital assets appeal.

By Bloomberg
Goldman sees slower growth, labor market with two Fed cuts
NEWS INDUSTRY NEWS JUN 18, 2024
Goldman sees slower growth, labor market with two Fed cuts

Any further slowing of demand will hit jobs not just openings.

By Bloomberg
Citi joins Goldman in lifting US stock outlook
NEWS INDUSTRY NEWS JUN 17, 2024
Citi joins Goldman in lifting US stock outlook

The global banking giant expects continued strength in big tech stocks to keep fueling the benchmark S&P 500.

By Bloomberg
Fisher Investments deal's valuation in line with market
NEWS RIAS JUN 17, 2024
Fisher Investments deal's valuation in line with market

'The firm is unique because of its retail brand,' says one industry consultant.

By Bruce Kelly
After growing 81.5% over 20 years, household debt is at a historic high
NEWS INDUSTRY NEWS JUN 17, 2024
After growing 81.5% over 20 years, household debt is at a historic high

Analysis of Federal Reserve data finds student loan debt quadrupled, while mortgages make up the lion’s share of total debt.

By Leo Almazora
Rich Americans confident on money management, but not so much about retirement
NEWS INDUSTRY NEWS JUN 17, 2024
Rich Americans confident on money management, but not so much about retirement

Affluent individuals estimate they’d need a $3M retirement nest egg, and just half are prepared to transfer their wealth.

By Leo Almazora
Alphacore appoints ex-LPL leader as new COO
NEWS INDUSTRY NEWS JUN 17, 2024
Alphacore appoints ex-LPL leader as new COO

The California-based independent is bolstering its leadership as it pursues an M&A strategy to create a national presence.

By Leo Almazora
Ritholtz Wealth taps Callie Cox for inaugural C-suite role
NEWS RIAS JUN 17, 2024
Ritholtz Wealth taps Callie Cox for inaugural C-suite role

The accomplished reporter and analyst will be a core figure in the national RIA’s content development, blog, and podcasting efforts.

By Leo Almazora
'The best job on K Street' for CFP Board CEO
NEWS INDUSTRY NEWS JUN 17, 2024
'The best job on K Street' for CFP Board CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Kevin Keller, CFP Board.

By Josh Welsh
'Empower, execute, respect and create'
NEWS INDUSTRY NEWS JUN 17, 2024
'Empower, execute, respect and create'

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Laura Prieskorn, Jackson Financial.

By Josh Welsh
Fisher Investments sells stake for up to $3B, but what happens next?
NEWS INDUSTRY NEWS JUN 17, 2024
Fisher Investments sells stake for up to $3B, but what happens next?

The deal values the Texas based firm at $12.75B.

By Steve Randall
Franklin Templeton investment professionals more optimistic than at start of 2024
NEWS INDUSTRY NEWS JUN 17, 2024
Franklin Templeton investment professionals more optimistic than at start of 2024

The firm's survey of its global teams shows improved sentiment on economy, assets.

By Steve Randall
US has taken almost one third of global capital flow since Covid
NEWS INDUSTRY NEWS JUN 17, 2024
US has taken almost one third of global capital flow since Covid

IMF analysis shows strength of FDI into the economy.

By Bloomberg
Oil continues higher following last week's gain
NEWS INDUSTRY NEWS JUN 17, 2024
Oil continues higher following last week's gain

But longer-term production outlook is keeping trader cautious

By Bloomberg
Bill Gates chooses nuclear option for multi-billion-dollar investment
NEWS INDUSTRY NEWS JUN 17, 2024
Bill Gates chooses nuclear option for multi-billion-dollar investment

His startup firm is building a power plant in Wyoming.

By Bloomberg
US seniors lost a reported $1.2B to investment fraud in 2023
NEWS INDUSTRY NEWS JUN 14, 2024
US seniors lost a reported $1.2B to investment fraud in 2023

FBI report unpacks impact of investment fraud, crypto scams, and romance scams on elderly Americans.

By Leo Almazora
With an ocean of resources, investors are surfing their way to confidence
NEWS INDUSTRY NEWS JUN 14, 2024
With an ocean of resources, investors are surfing their way to confidence

Schwab survey shows optimism cutting across generations as investment advice, education, and tools become more available.

By Leo Almazora