Industry News

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Fed set to keep rates on hold, delay cuts in the near future
NEWS INDUSTRY NEWS MAY 01, 2024
Fed set to keep rates on hold, delay cuts in the near future

FOMC will announce rate decision at 2pm ET.

By Bloomberg
JPMorgan Asset Management’s $169B ETF business chief exits
NEWS INDUSTRY NEWS MAY 01, 2024
JPMorgan Asset Management’s $169B ETF business chief exits

Global head of ETF solutions, Bryon Lake, has left the firm.

By Bloomberg
Franklin Templeton wants to transform the industry through Microsoft AI partnership
NEWS INDUSTRY NEWS MAY 01, 2024
Franklin Templeton wants to transform the industry through Microsoft AI partnership

The collab will use AI to power-up digital transformation at scale.

By Steve Randall
ESG investors prefer passive as active funds ‘bleed money’
NEWS INDUSTRY NEWS MAY 01, 2024
ESG investors prefer passive as active funds ‘bleed money’

Morningstar data shows a recalibration of ESG investing space.

By Bloomberg
FX markets pivot as rate-hikes in some EMs look more likely
NEWS INDUSTRY NEWS MAY 01, 2024
FX markets pivot as rate-hikes in some EMs look more likely

Buying local currency becomes riskier as rate cut bets fade.

By Bloomberg
Cetera's Durbin says IPO clock has yet to tick
NEWS RIAS APR 30, 2024
Cetera's Durbin says IPO clock has yet to tick

"Every private equity deal we have seen in the brokerage industry has lasted five to seven years," one executive said.

By Bruce Kelly
Seven-tenths of aspiring homeowners are waiting for the Fed’s cue, says BMO
NEWS RETIREMENT PLANNING APR 30, 2024
Seven-tenths of aspiring homeowners are waiting for the Fed’s cue, says BMO

Poll of US adults finds nearly a third dipping into 401(k) retirement plans as cost-of-living concerns and other stressors pile up.

By Leo Almazora
Macro-proof tech trade smashes ETF records
NEWS ETFS APR 30, 2024
Macro-proof tech trade smashes ETF records

Tech ETFs have hoovered up some $9B so far this year as investors embrace the idea of megacaps’ endurance through economic cycles.

By Bloomberg
Michael Nathanson named new Focus CEO
NEWS RIAS APR 30, 2024
Michael Nathanson named new Focus CEO

After several months as president, Nathanson is taking over the chief exec position at the wealth advisory giant from Dan Glaser.

By Leo Almazora
Equities on hold as traders await Fed decision
NEWS INDUSTRY NEWS APR 30, 2024
Equities on hold as traders await Fed decision

The central bank will announce rates decision Wednesday.

By Bloomberg
Celebrity, charity, diversity: Insights from a ‘financial architect’
NEWS INDUSTRY NEWS APR 30, 2024
Celebrity, charity, diversity: Insights from a ‘financial architect’

Angeles Wealth’s Rick Nott shares his career journey working with wealth.

By Steve Randall
Confidence of a better year surges among private equity execs
NEWS INDUSTRY NEWS APR 30, 2024
Confidence of a better year surges among private equity execs

The industry is poised for a rise in deals and AI playing a larger role.

By Steve Randall
Momentum traders to buy equities even if market drops: Goldman
NEWS INDUSTRY NEWS APR 30, 2024
Momentum traders to buy equities even if market drops: Goldman

Momentum traders to buy equities even if market drops: Goldman.

By Bloomberg
Treasury issuance will keep yields elevated, says Barclays
NEWS INDUSTRY NEWS APR 30, 2024
Treasury issuance will keep yields elevated, says Barclays

Even if the Fed starts rate cuts, long-term yields are likely to stay high.

By Bloomberg
HSBC chief unexpectedly quits
NEWS INDUSTRY NEWS APR 30, 2024
HSBC chief unexpectedly quits

Noel Quinn has announced retirement after only five years as CEO.

By Bloomberg
Majority of women agree a retirement storm is brewing
NEWS RETIREMENT PLANNING APR 29, 2024
Majority of women agree a retirement storm is brewing

Faced with rising living costs and debt, majority of women call for immediate action on Social Security and pension plans.

By Leo Almazora
Advisors weigh in on the future of the Magnificent Seven
NEWS INDUSTRY NEWS APR 29, 2024
Advisors weigh in on the future of the Magnificent Seven

The "Mag 7" collectively represent a weighting of more than 27% of the S&P 500, so they will have an outsized impact on the broader market whatever they do.

By Gregg Greenberg
Gold in flux as investors await Fed meeting
NEWS ALTERNATIVES APR 29, 2024
Gold in flux as investors await Fed meeting

Following a 13 percent advance this year, the price of the yellow metal wavered as traders weigh the odds of harmful rate hikes.

By Bloomberg
Finra bars ex-Wells Fargo broker firm accused of theft  
NEWS BROKER DEALERS APR 29, 2024
Finra bars ex-Wells Fargo broker firm accused of theft  

“We’ve done scores of theft cases over the years and it’s a cancer," said one attorney.

By Bruce Kelly
Hedge funds ramp up tech allocations, says Goldman
NEWS INDUSTRY NEWS APR 29, 2024
Hedge funds ramp up tech allocations, says Goldman

Data show amped-up net buying in sector through long positions and short-covering even amid a slide in S&P 500 IT index.

By Bloomberg