Industry News

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Kiss banks $300M with sale of song catalog
NEWS INDUSTRY NEWS APR 04, 2024
Kiss banks $300M with sale of song catalog

The band is also selling its name and image rights to Abba Voyage firm.

By Bloomberg
Washington advisor claims victories in Hightower noncompete saga
NEWS COMPLIANCE APR 03, 2024
Washington advisor claims victories in Hightower noncompete saga

The legal skirmish has taken several turns, including a temporary restraining order and a decision kicking the case back to the state level.

By Leo Almazora
Fees for financial planning are on the rise: AdvicePay
NEWS PRACTICE MANAGEMENT APR 03, 2024
Fees for financial planning are on the rise: AdvicePay

Research shows upticks across subscription and one-time payment models amid investors’ growing appreciation for financial advice.

By Leo Almazora
Cambridge Investment Research chases RIA assets
NEWS RIAS APR 03, 2024
Cambridge Investment Research chases RIA assets

The firm is paying up to recruits if they move client assets to its in-house money management system.

By Bruce Kelly
SEC hammers Commonwealth with $93M in penalties over revenue sharing
NEWS COMPLIANCE APR 03, 2024
SEC hammers Commonwealth with $93M in penalties over revenue sharing

The penalty represents about one or two years of net income for the firm.

By Bruce Kelly
Sequoia Financial Group acquires $310M AUM Texas RIA
NEWS INDUSTRY NEWS APR 03, 2024
Sequoia Financial Group acquires $310M AUM Texas RIA

The deal increases Sequoia's footprint to 14 locations across eight states.

By Steve Randall
Will Wall Street banks avoid tough new climate-risk rules?
NEWS ESG APR 03, 2024
Will Wall Street banks avoid tough new climate-risk rules?

Potential for global rules has reportedly been thwarted by the Fed.

By Bloomberg
CalPERS taps New Zealander as new CIO for $495B fund
NEWS RETIREMENT PLANNING APR 03, 2024
CalPERS taps New Zealander as new CIO for $495B fund

Stephen Gilmore currently oversees New Zealand's sovereign wealth fund.

By Bloomberg
Former AssetMark CEO Ahluwalia joins Hightower as president
NEWS RIAS APR 02, 2024
Former AssetMark CEO Ahluwalia joins Hightower as president

RIAs should have ‘quality leadership teams,’ says Hightower CEO Bob Oros.

By Josh Welsh
Record-high down payment, six-figure salary: US homebuying essentials
NEWS INDUSTRY NEWS APR 02, 2024
Record-high down payment, six-figure salary: US homebuying essentials

Those who want to invest in residential real estate face significant barriers.

By Steve Randall
Oil at six-month high of $85, WTI up 1.6%
NEWS INDUSTRY NEWS APR 02, 2024
Oil at six-month high of $85, WTI up 1.6%

OPEC+ production cuts and strong demand have tightened the market.

By Bloomberg
Home insurance premiums heading still higher
NEWS LIFE INSURANCE AND ANNUITIES APR 01, 2024
Home insurance premiums heading still higher

The average premium for homeowners insurance is expected to rise 6 percent this year, following an increase of roughly 20 percent over the past two years, amid intensifying natural disasters.

By Bloomberg
Fidelity unveils next-gen campaigns in fight for financial literacy
NEWS INDUSTRY NEWS APR 01, 2024
Fidelity unveils next-gen campaigns in fight for financial literacy

The company is drafting its 74,000-plus army of associates to raise the bar on middle school and high school financial education.

By Leo Almazora
Stocks rise as US inflation data still suggest rate cuts
NEWS EQUITIES APR 01, 2024
Stocks rise as US inflation data still suggest rate cuts

As rise in key measure cools, investors bet Fed will cut this year.

By Bloomberg
World Bank warns of slowdown for APAC economies
NEWS INDUSTRY NEWS APR 01, 2024
World Bank warns of slowdown for APAC economies

China is among the economies where GDP is expected to weaken.

By Bloomberg
A firm designed for the digital age
NEWS WOMEN ADVISOR COMMUNITY MAR 29, 2024
A firm designed for the digital age

Virtual meetings have personalized relationships with clients, says Rianka Dorsainvil, co-founder of 2050 Wealth Partners.

By Emily Douglas
‘In my ethos, it’s about … how you impact the world’
NEWS RIAS MAR 29, 2024
‘In my ethos, it’s about … how you impact the world’

An attorney by background, Grant Rawdin says a dedication to the client’s best interests is at the heart of what he does.

By Emily Douglas
Cetera bolsters credit union commitment with new council
NEWS INDUSTRY NEWS MAR 28, 2024
Cetera bolsters credit union commitment with new council

Seven founding members from Cetera’s credit union partners are coming together in a forum to improve wealth offerings in the sector.

By Leo Almazora
Omaha senior loses thousands to Dave Ramsey impostor
NEWS INDUSTRY NEWS MAR 28, 2024
Omaha senior loses thousands to Dave Ramsey impostor

A scammer lured the 72-year-old into a fraudulent bitcoin investment by spoofing the advisor-cum-radio show host’s website.

By Leo Almazora
Bankman-Fried gets 25 years in prison for FTX fraud
NEWS REGULATION AND LEGISLATION MAR 28, 2024
Bankman-Fried gets 25 years in prison for FTX fraud

'There is a risk that this man will be in a position to do something very bad in the future,' the judge says. 'And it’s not a trivial risk. Not a trivial risk at all.'

By Bloomberg