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Younger Americans think AI will help advisors improve financial planning
NEWS INDUSTRY NEWS JUN 05, 2024
Younger Americans think AI will help advisors improve financial planning

But older generations are skeptical about how good technology will be.

By Steve Randall
What does billionaire investor Ray Dalio see as biggest global risks?
NEWS INDUSTRY NEWS JUN 05, 2024
What does billionaire investor Ray Dalio see as biggest global risks?

Bridgewater Associates founder believes risks are intensifying.

By Bloomberg
Bitcoin above $71K amid rate cut hopes
NEWS INDUSTRY NEWS JUN 05, 2024
Bitcoin above $71K amid rate cut hopes

Crypto posts its longest winning streak since March.

By Bloomberg
European stocks poised for surge as ECB meeting nears
NEWS INDUSTRY NEWS JUN 05, 2024
European stocks poised for surge as ECB meeting nears

Expectation is high that the regional central bank will begin cuts.

By Bloomberg
Meta accused of withholding information from feds
NEWS INDUSTRY NEWS JUN 05, 2024
Meta accused of withholding information from feds

FTC wants to break up the social networking firm.

By Bloomberg
This GameStop episode may be different
NEWS INDUSTRY NEWS JUN 04, 2024
This GameStop episode may be different

With Roaring Kitty reportedly under scrutiny from regulators, brokers say the 'us-versus-them' spirit of the 2021 meme stock era is lacking this time around.

By Emile Hallez
AI vs. human advice: which one wins consumers’ trust?
NEWS INDUSTRY NEWS JUN 04, 2024
AI vs. human advice: which one wins consumers’ trust?

New Finra research peels back the layers on consumer sentiment and use of artificial intelligence for financial and investment advice.

By Leo Almazora
BNY Mellon unveils one-stop offering for advisor investment solutions
NEWS INDUSTRY NEWS JUN 04, 2024
BNY Mellon unveils one-stop offering for advisor investment solutions

The asset management giant’s new offering brings together managed accounts, asset allocation, custody and clearance, and other capabilities from across its ecosystem.

By Leo Almazora
CEO of David Lerner faces Finra investigation over product sales
NEWS ALTERNATIVES JUN 04, 2024
CEO of David Lerner faces Finra investigation over product sales

'For a CEO to be investigated by Finra is a pretty serious red flag, traditionally,' says one attorney.

By Bruce Kelly
Billion-dollar advisors break away from Merrill with RIA launch
NEWS RIAS JUN 04, 2024
Billion-dollar advisors break away from Merrill with RIA launch

Based in Southern California, the newly founded Alteri Wealth offers wealth and family office services to a broad swath of HNW and UHNW investors.

By Leo Almazora
Financial fumble or touchdown for NFL Players Association?
NEWS INDUSTRY NEWS JUN 04, 2024
Financial fumble or touchdown for NFL Players Association?

The NFLPA has shifted its focus from union-vetted individual advisors to powerhouse financial institutions, but is it helping the players in our ‘modern-day blood sport’.

By Bruce Kelly
Fund manager announces major partnership with multi-family office
NEWS INDUSTRY NEWS JUN 04, 2024
Fund manager announces major partnership with multi-family office

Strategic partnership will enhance advisory service capabilities for UHNW families.

By Steve Randall
Empower hires Morningstar investment expert for new strategy role
NEWS INDUSTRY NEWS JUN 04, 2024
Empower hires Morningstar investment expert for new strategy role

New appointee will add expertise to the firm’s $188B asset management unit.

By Steve Randall
TD facing new allegations in Florida, Bloomberg reports
NEWS INDUSTRY NEWS JUN 04, 2024
TD facing new allegations in Florida, Bloomberg reports

Canadian big six bank is already under investigation by US regulators.

By Bloomberg
Demand for bonds is soaring amid rate-cut speculation
NEWS INDUSTRY NEWS JUN 04, 2024
Demand for bonds is soaring amid rate-cut speculation

Led by US Treasuries, global demand for sovereign debt is rising.

By Bloomberg
Boost for EM stocks and currencies amid elections
NEWS INDUSTRY NEWS JUN 04, 2024
Boost for EM stocks and currencies amid elections

Traders are more confident but headwinds remain.

By Bloomberg
Adapt and adjust to evolving emotions and beliefs
NEWS INDUSTRY NEWS JUN 03, 2024
Adapt and adjust to evolving emotions and beliefs

InvestmentNews Awards 2024, Advisor of the Year (Western region): Chris Giovinazzo, Accelerate Retirement.

By Josh Welsh
Financial planners not playing games with GameStop
NEWS INDUSTRY NEWS JUN 03, 2024
Financial planners not playing games with GameStop

Meme stocks may be flying again, but a new study shows more financial planners would not buy individual stocks even if they were blue-chips.

By Gregg Greenberg
Morgan Stanley loses another deferred comp claim to ex-advisors
NEWS BROKER DEALERS JUN 03, 2024
Morgan Stanley loses another deferred comp claim to ex-advisors

Financial advisors are using ERISA to argue they are owed deferred compensation.

By Bruce Kelly
RWA Wealth Partners names Michelle Knight CEO
NEWS RIAS JUN 03, 2024
RWA Wealth Partners names Michelle Knight CEO

Amid other C-suite promotions, the $15B firm’s new chief exec makes it one of the largest woman-led RIAs in the US.

By Leo Almazora