Industry News

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Core inflation comes in higher than expected for second month
NEWS INDUSTRY NEWS MAR 12, 2024
Core inflation comes in higher than expected for second month

The latest consumer price index reinforces the Federal Reserve's cautious approach to cutting rates.

By Bloomberg
Gold standard drives Steward’s growth
NEWS INDUSTRY NEWS MAR 12, 2024
Gold standard drives Steward’s growth

Steward Partners CEO talks about the value of its equity ownership model, why the wirehouses have already lost, and plans to continue the firm’s M&A momentum.

By James Burton
Nomura private and public credit offerings brought together under new brand
NEWS INDUSTRY NEWS MAR 12, 2024
Nomura private and public credit offerings brought together under new brand

The change impacts the global firm’s operations in the Americas.

By Steve Randall
JPMorgan chief says US recession is not 'off the table' yet
NEWS INDUSTRY NEWS MAR 12, 2024
JPMorgan chief says US recession is not 'off the table' yet

Jamie Dimon believes expectation of a soft landing are too high.

By Bloomberg
Wristy business? Luxury watches turn back time
NEWS INDUSTRY NEWS MAR 12, 2024
Wristy business? Luxury watches turn back time

Report reveals demand for rare timepieces has weakened.

By Bloomberg
Financial insecurity among Americans hits new high
NEWS INDUSTRY NEWS MAR 11, 2024
Financial insecurity among Americans hits new high

With inflation leading their concerns, survey finds two-fifths of respondents are playing defense in their savings and investments.

By Leo Almazora
Limra partnership takes aim at life insurance, retirement plan fraud
NEWS RETIREMENT PLANNING MAR 11, 2024
Limra partnership takes aim at life insurance, retirement plan fraud

The collaboration aims to empower insurers, retirement service providers and other stakeholders against financial crime.

By Leo Almazora
RFG Advisory aims to be a leading name for independent advisors
NEWS INDUSTRY NEWS MAR 11, 2024
RFG Advisory aims to be a leading name for independent advisors

Hybrid firm adds trio to executive leadership team.

By Steve Randall
US futures retreat ahead of data-heavy week
NEWS INDUSTRY NEWS MAR 11, 2024
US futures retreat ahead of data-heavy week

Investors are awaiting US CPI stats Tuesday among other releases.

By Bloomberg
Bond investors want more EU debt amid Russia tensions
NEWS FIXED INCOME MAR 11, 2024
Bond investors want more EU debt amid Russia tensions

Higher defense spending is on the agenda to boost AAA-rated bonds.

By Bloomberg
K-12 financial education has grown stronger
NEWS INDUSTRY NEWS MAR 10, 2024
K-12 financial education has grown stronger

Biennial research reveals ‘banner two years’ as wave of legislation drives personal finance and economics courses in high schools.

By Leo Almazora
Fidelity to cut about 700 jobs
NEWS INDUSTRY NEWS MAR 08, 2024
Fidelity to cut about 700 jobs

The move affects less than 1% of the workforce, according to a Fidelity spokesperson.

By Bloomberg
How much do wirehouse advisors hate selling for the bank?
NEWS BROKER DEALERS MAR 08, 2024
How much do wirehouse advisors hate selling for the bank?

Financial advisors simply can't stand conflicts that mix banking and financial advice.

By Bruce Kelly
BlackRock buying SpiderRock to expand customized investing strategies
NEWS INDUSTRY NEWS MAR 08, 2024
BlackRock buying SpiderRock to expand customized investing strategies

The deal will increase BlackRock's ability to offer tax-efficient investment services, especially those relying on options trading, the company said.

By Bloomberg
UBS shares surge on Morgan Stanley upgrade
NEWS WIREHOUSES MAR 08, 2024
UBS shares surge on Morgan Stanley upgrade

The wirehouse's stock hit its highest level since 2008 after an analyst upgraded it to overweight, predicting a revival in deal-making.

By Bloomberg
US homeowners have increased equity by $1.3T: CoreLogic
NEWS INDUSTRY NEWS MAR 08, 2024
US homeowners have increased equity by $1.3T: CoreLogic

Fewer homeowners are in negative equity as prices rise nationwide.

By Steve Randall
Easterly hires former BlackRock iShares exec to expand reach
NEWS INDUSTRY NEWS MAR 08, 2024
Easterly hires former BlackRock iShares exec to expand reach

The firm also has a new head of business development amid growth strategy.

By Steve Randall
US jobs report likely to mask cooling
NEWS INDUSTRY NEWS MAR 08, 2024
US jobs report likely to mask cooling

Bureau of Labor Statistics data expected to show concentration in limited sectors.

By Bloomberg
JPMorgan says one market is 'irreplaceable' for asset managers
NEWS INDUSTRY NEWS MAR 08, 2024
JPMorgan says one market is 'irreplaceable' for asset managers

The Wall Street stalwart sees 'great certainty for growth'

By Bloomberg
REITs might be right for advisors searching for yield, earnings growth
NEWS INDUSTRY NEWS MAR 07, 2024
REITs might be right for advisors searching for yield, earnings growth

Office may have issues, but other property sectors have pricing power and can raise rents greater than inflation.

By Gregg Greenberg