Industry News

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Fee compression is a 'real challenge' for the industry
NEWS INDUSTRY NEWS MAY 28, 2024
Fee compression is a 'real challenge' for the industry

InvestmentNews Awards 2024, Advisor of the Year (Western region): Robert Patton, SageView Advisory Group.

By Josh Welsh
'It takes a firm to put financial plans together'
NEWS INDUSTRY NEWS MAY 28, 2024
'It takes a firm to put financial plans together'

InvestmentNews Awards 2024, Advisor of the Year (Regional - Midwest): Jim Wessels, Vision Financial Group.

By Josh Welsh
Americans looking forward to more student loan relief
NEWS INDUSTRY NEWS MAY 28, 2024
Americans looking forward to more student loan relief

Federal Reserve Bank survey reveals many have higher hopes for federal student debt forgiveness, particularly older borrowers.

By Bloomberg
The market's 'fear gauge' is hitting rock bottom. Should you be scared?
NEWS INDUSTRY NEWS MAY 28, 2024
The market's 'fear gauge' is hitting rock bottom. Should you be scared?

The CBOE Volatility Index (VIX) has been scraping along historically low levels. When volatility sinks to such depths, it is often a sell signal.

By Gregg Greenberg
Merrill data bungle hits Walmart 401(k) plan
NEWS FINTECH MAY 28, 2024
Merrill data bungle hits Walmart 401(k) plan

'We're hearing more horror stories' about clients becoming targets after a data breach, one attorney says.

By Bruce Kelly
Treasury yields tick up following tepid bond sales
NEWS INDUSTRY NEWS MAY 28, 2024
Treasury yields tick up following tepid bond sales

Markets drift as investors digest surprise in consumer confidence and fresh remarks from a Federal Reserve Bank official.

By Bloomberg
From Superbowl stardom to wealth management boardroom
NEWS RIAS MAY 28, 2024
From Superbowl stardom to wealth management boardroom

Bennie Fowler, who won Super Bowl 50 with the Denver Broncos, reflects on his new career as Caprock’s director of strategic relationships.

By Emily Douglas
First generation immigrant advisor brings cultural approach to clients
NEWS INDUSTRY NEWS MAY 28, 2024
First generation immigrant advisor brings cultural approach to clients

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): Divam Mehta, Mehta Financial Group

By Josh Welsh
“Fearless” singer Taylor Swift joins billionaires’ club on prestigious women’s rich list
NEWS INDUSTRY NEWS MAY 28, 2024
“Fearless” singer Taylor Swift joins billionaires’ club on prestigious women’s rich list

America’s wealthiest self-made women saw their collective net worths soar past $20B, with 11 new members on the list.

By Leo Almazora
Advisors must go beyond the numbers, finalist says
NEWS INDUSTRY NEWS MAY 28, 2024
Advisors must go beyond the numbers, finalist says

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Rocco Carriero, Rocco A. Carriero Wealth Partners, Ameriprise Financial.

By Josh Welsh
Putting clients first is always top priority for finalist
NEWS INDUSTRY NEWS MAY 28, 2024
Putting clients first is always top priority for finalist

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): John Loyd, The Wealth Planner.

By Josh Welsh
Be proactive and plan for the next 'black swan' event
NEWS INDUSTRY NEWS MAY 28, 2024
Be proactive and plan for the next 'black swan' event

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Greg Guenther, GRANTvest Financial Group.

By Josh Welsh
Global financial advisory market expected to be close to $262B by 2028
NEWS INDUSTRY NEWS MAY 28, 2024
Global financial advisory market expected to be close to $262B by 2028

New report predicts stronger annualized growth of 5%.

By Steve Randall
Wall Street braces for challenging first day of T+1 settlements
NEWS INDUSTRY NEWS MAY 28, 2024
Wall Street braces for challenging first day of T+1 settlements

It's been a century since the US stock market was this fast.

By Bloomberg
Stocks gain as inflation data is in focus
NEWS INDUSTRY NEWS MAY 28, 2024
Stocks gain as inflation data is in focus

Stats and central bank speakers take center stage this week.

By Bloomberg
Fed should better explain decisions, says Cleveland president
NEWS INDUSTRY NEWS MAY 28, 2024
Fed should better explain decisions, says Cleveland president

Loretta Mester says people should be helped to understand policy.

By Bloomberg
Bitcoin slips in wake of failed $9B crypto exchange
NEWS INDUSTRY NEWS MAY 28, 2024
Bitcoin slips in wake of failed $9B crypto exchange

Administrators are dealing with the collapse of the Mt. Gox exchange.

By Bloomberg
Trump presidency would be worse for US debt, bond market than Biden, says Bill Gross
NEWS INDUSTRY NEWS MAY 27, 2024
Trump presidency would be worse for US debt, bond market than Biden, says Bill Gross

The famed bond king has weighed in, saying Donald Trump’s “more disruptive” tax and fiscal policies would aggravate the budget deficit.

By Leo Almazora
From 'investing' as a kid to solo practice success
NEWS INDUSTRY NEWS MAY 27, 2024
From 'investing' as a kid to solo practice success

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): Keary Castleberry, Snowden Lane Partners.

By Josh Welsh
Bringing the five pillars of wealth management together
NEWS INDUSTRY NEWS MAY 27, 2024
Bringing the five pillars of wealth management together

InvestmentNews Awards 2024, Advisor of the Year (Western region): Dave Alison, Alison Wealth Management and C2P Enterprises

By Josh Welsh