Industry News

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Rising oil has advisors adjusting energy allocations
NEWS INDUSTRY NEWS MAR 18, 2024
Rising oil has advisors adjusting energy allocations

Portfolio manager recommends 70/30 split between traditional and alternative energy over next few decades.

By Gregg Greenberg
Realta Wealth continues to bolster leadership team since rebrand
NEWS INDUSTRY NEWS MAR 18, 2024
Realta Wealth continues to bolster leadership team since rebrand

Broker-dealer formerly known as CoastalOne changed its name in January.

By Steve Randall
Markets optimistic ahead of Fed meeting
NEWS INDUSTRY NEWS MAR 18, 2024
Markets optimistic ahead of Fed meeting

The central bank will announce its latest rates decision this week.

By Bloomberg
Commodity trading profits pass $100B globally
NEWS INDUSTRY NEWS MAR 18, 2024
Commodity trading profits pass $100B globally

Last year marks the second-best year for the industry.

By Bloomberg
Is a college education still a sound investment?
NEWS INDUSTRY NEWS MAR 18, 2024
Is a college education still a sound investment?

Study considered the average annual return on a degree versus a high school diploma.

By Steve Randall
Osaic, Securities America fined by Finra over cybersecurity
NEWS BROKER DEALERS MAR 15, 2024
Osaic, Securities America fined by Finra over cybersecurity

The regulator fined the firms $150,000 each for failures related to protecting thousands of clients’ private information and cybersecurity gaffes.

By Bruce Kelly
UBS has more diversified business than Morgan Stanley: JPMorgan analysts
NEWS WIREHOUSES MAR 15, 2024
UBS has more diversified business than Morgan Stanley: JPMorgan analysts

The Swiss bank has a better wealth management franchise than Morgan Stanley outside the U.S., JPMorgan analysts say.

By Bloomberg
What do clients really want? And what is their biggest dissatisfaction?  
NEWS PRACTICE MANAGEMENT MAR 15, 2024
What do clients really want? And what is their biggest dissatisfaction?  

Top demands vary between millionaires and the mass market.

By Steve Randall
Investors shun stagflation fears with record inflows to US equities
NEWS INDUSTRY NEWS MAR 15, 2024
Investors shun stagflation fears with record inflows to US equities

BofA strategists says $56 billion flowed into US equity funds in week ended March 13.

By Bloomberg
Millennium-backed fund bolsters fixed-income team with BofA hire
NEWS INDUSTRY NEWS MAR 15, 2024
Millennium-backed fund bolsters fixed-income team with BofA hire

Ilana Kaufman is reported to have been hired as a portfolio manager.

By Bloomberg
New Hampshire bars former Next Financial broker
NEWS ALTERNATIVES MAR 14, 2024
New Hampshire bars former Next Financial broker

The broker and Next Financial Group Inc. are on the hook for more than $1 million in penalties.

By Bruce Kelly
Oil markets facing supply deficit throughout 2024: IEA warns
NEWS INDUSTRY NEWS MAR 14, 2024
Oil markets facing supply deficit throughout 2024: IEA warns

A surplus had been expected but OPEC+ is set to make further cuts.

By Bloomberg
J.P. Morgan Asset Management hires industry veteran as chief ETF strategist
NEWS INDUSTRY NEWS MAR 14, 2024
J.P. Morgan Asset Management hires industry veteran as chief ETF strategist

Firm is boosting insights offering amid growing demand for exchange-traded funds.

By Steve Randall
Diversify enhances in-house platform amid growing advisor adoption
NEWS FINTECH MAR 14, 2024
Diversify enhances in-house platform amid growing advisor adoption

Firm says it can do better than the 'limitations' of other investment platforms.

By Steve Randall
CFP Board overhauls its sanctions and certification rules
NEWS INDUSTRY NEWS MAR 13, 2024
CFP Board overhauls its sanctions and certification rules

The professional body for financial planners says it's making changes to maintain fairness while serving the public’s best interest.

By Leo Almazora
Finra fines spike 63% in 2023: Report
NEWS BROKER DEALERS MAR 13, 2024
Finra fines spike 63% in 2023: Report

'Last year saw bigger Finra fines per case,' a lawyer says. 'Supersized fines, or those of $1 million or more, were up, and mega-sized fines, or those of $5 million and more, increased too.'

By Bruce Kelly
HSA balances continue to grow along with usage
NEWS RETIREMENT PLANNING MAR 13, 2024
HSA balances continue to grow along with usage

EBRI research reveals the benefits of matching contributions, the untapped power of investing balances, and the influence of age on usage.

By Leo Almazora
Stocks struggle to find direction after rally
NEWS EQUITIES MAR 13, 2024
Stocks struggle to find direction after rally

Tuesday's strong session on Wall Street has left equities without clarity.

By Bloomberg
UBS report shows decline in global art sales
NEWS INDUSTRY NEWS MAR 13, 2024
UBS report shows decline in global art sales

But the market still saw $65 billion in sales last year.

By Bloomberg
NFL union taps Ameriprise to work with players
NEWS BROKER DEALERS MAR 12, 2024
NFL union taps Ameriprise to work with players

'Something like this puts Ameriprise on the map in the competition among the regional firms and the independent broker-dealers,' one recruiter says.

By Bruce Kelly