Industry News

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Stocks may be hot in 2024 but metals are molten
NEWS INDUSTRY NEWS JUN 06, 2024
Stocks may be hot in 2024 but metals are molten

Gold, silver and even copper are beating the S&P 500 so far in 2024. But will the bull market in metals last?

By Gregg Greenberg
'Ponzi schemes are done in the open by bad people'
NEWS BROKER DEALERS JUN 06, 2024
'Ponzi schemes are done in the open by bad people'

SEC bars advisors who worked with Georgia Ponzi broker.

By Bruce Kelly
Personal purpose drives Park Avenue Securities
NEWS INDUSTRY NEWS JUN 06, 2024
Personal purpose drives Park Avenue Securities

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Marianne Caswell, Park Avenue Securities

By Josh Welsh
An amazing opportunity to change millions of households, CEO says
NEWS INDUSTRY NEWS JUN 06, 2024
An amazing opportunity to change millions of households, CEO says

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Amy Webber, Cambridge Investment Group, Inc.

By Josh Welsh
Financial independence tops millennials’ must-reach milestones, says CFP Board
NEWS INDUSTRY NEWS JUN 06, 2024
Financial independence tops millennials’ must-reach milestones, says CFP Board

While many Gen Y members believe they’ll succeed at their life goals, a vast majority see roadblocks from expenses, debt, and lack of savings.

By Leo Almazora
Revealed: InvestmentNews’ Fastest-Growing in America
NEWS INDUSTRY NEWS JUN 06, 2024
Revealed: InvestmentNews’ Fastest-Growing in America

The inaugural list reveals the firms and networks that have emerged as winners in the ongoing war for advisor talent over the past year.

By Leo Almazora
Allspring unveils SMA platform enhancements
NEWS TAX JUN 06, 2024
Allspring unveils SMA platform enhancements

The North Carolina-based global asset manager is strengthening its custom SMA platform with new active and index strategies.

By Leo Almazora
More HNWIs with more wealth want more from their advisors
NEWS INDUSTRY NEWS JUN 06, 2024
More HNWIs with more wealth want more from their advisors

Research finds ultra rich are shifting asset allocations from wealth preservation.

By Steve Randall
Cohen & Steers hires new leader for Wealth Management Consulting Group
NEWS INDUSTRY NEWS JUN 06, 2024
Cohen & Steers hires new leader for Wealth Management Consulting Group

New appointment is 20-year industry veteran formerly with Nuveen.

By Steve Randall
Cathie Wood's Ark missed Nvidia tech rally but eyes other AI wins
NEWS INDUSTRY NEWS JUN 06, 2024
Cathie Wood's Ark missed Nvidia tech rally but eyes other AI wins

Fund sold Nvidia at $400, missing the surge to $1200.

By Bloomberg
US jobs anticipation gives metals a boost to four-week high
NEWS INDUSTRY NEWS JUN 06, 2024
US jobs anticipation gives metals a boost to four-week high

Copper, iron ore, zinc, nickel all heading higher.

By Bloomberg
Former YouTube CFO seeks $500 Million fund linked with Google lab
NEWS INDUSTRY NEWS JUN 06, 2024
Former YouTube CFO seeks $500 Million fund linked with Google lab

Gideon Yu's fund will be independent and invest in start-ups.

By Bloomberg
From rags to riches to awards finalist: Dynasty CEO
NEWS INDUSTRY NEWS JUN 05, 2024
From rags to riches to awards finalist: Dynasty CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Shirl Penney, Dynasty Financial Partners

By Josh Welsh
A philosophical lesson in servant leadership
NEWS INDUSTRY NEWS JUN 05, 2024
A philosophical lesson in servant leadership

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: George Nichols III, American College of Financial Services.

By Josh Welsh
Advisors name the most overlooked financial issues during divorce proceedings
NEWS INDUSTRY NEWS JUN 05, 2024
Advisors name the most overlooked financial issues during divorce proceedings

Clients going through a divorce rely heavily on their financial advisors at a time when their emotions are at their most heightened.

By Gregg Greenberg
KKR REIT makes moves to prop up its NAV
NEWS ALTERNATIVES JUN 05, 2024
KKR REIT makes moves to prop up its NAV

'What KKR is doing is a bold move that favors the investor,' one senior industry executive says.

By Bruce Kelly
BlackRock throws support behind Texas-based NYSE challenger exchange
NEWS INDUSTRY NEWS JUN 05, 2024
BlackRock throws support behind Texas-based NYSE challenger exchange

The upstart bourse aims to lure issuers seeking relief from rising compliance costs at incumbent exchanges.

By Bloomberg
Creative Planning CEO is ‘staying ahead’ of the industry
NEWS INDUSTRY NEWS JUN 05, 2024
Creative Planning CEO is ‘staying ahead’ of the industry

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Peter Mallouk, Creative Planning.

By Josh Welsh
Kestra welcomes former Merrill Lynch team in Ohio
NEWS INDUSTRY NEWS JUN 05, 2024
Kestra welcomes former Merrill Lynch team in Ohio

The hybrid RIA’s latest addition brings over 40 years of collective experience and $500 million in client assets.

By Leo Almazora
Fed's rates stance is bad news for homeowners
NEWS INDUSTRY NEWS JUN 05, 2024
Fed's rates stance is bad news for homeowners

Price appreciation continues to slow compared to 2023.

By Steve Randall