Industry News

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RIA M&A bounces back to start 2024: Report
NEWS RIAS MAR 04, 2024
RIA M&A bounces back to start 2024: Report

'Wealth management deals held pretty firm last year compared to all other areas of investment banking,' one banker notes.

By Bruce Kelly
New research highlights importance of IRAs in retirement planning
NEWS INDUSTRY NEWS MAR 04, 2024
New research highlights importance of IRAs in retirement planning

More than four in ten US households have IRAs, according to an Investment Company Institute report.

By Steve Randall
Why Goldman says this big tech rally is different
NEWS INDUSTRY NEWS MAR 04, 2024
Why Goldman says this big tech rally is different

Strategists say growth is contained and not like past tech bubbles.

By Bloomberg
JPMorgan acquires ex-Fortress investment tech firm LayerOne
NEWS BROKER DEALERS MAR 04, 2024
JPMorgan acquires ex-Fortress investment tech firm LayerOne

The deal will improve JPMorgan's offering for hedge funds.

By Bloomberg
Wall Street DEI programs dial back amid litigation fear
NEWS INDUSTRY NEWS MAR 04, 2024
Wall Street DEI programs dial back amid litigation fear

Firms are opening up diversity programs to all, which may erase progress.

By Bloomberg
Deals market set for rebound: Macquarie
NEWS INDUSTRY NEWS MAR 04, 2024
Deals market set for rebound: Macquarie

Asset manager sees incoming deployment of dry powder.

By Bloomberg
Young clients lead to riches
NEWS INDUSTRY NEWS MAR 01, 2024
Young clients lead to riches

‘We have the opportunity to create the greatest impact on outcomes with millennial and Gen Z clients,' advisor says after new data revealed.

By Josh Welsh
Women are taking action against financial stress, Fidelity finds
NEWS INDUSTRY NEWS MAR 01, 2024
Women are taking action against financial stress, Fidelity finds

Four-fifths of women are taking control, with Gen Z leading the way in dismantling gender stereotypes.

By Leo Almazora
Surprise – workers want higher pay
NEWS INDUSTRY NEWS MAR 01, 2024
Surprise – workers want higher pay

Companies say employees are 'insatiable,' but most workers say their compensation isn't keeping up with inflation, a report from Franklin Templeton found.

By Emile Hallez
California governor backs best-interest bill for annuity sales
NEWS LIFE INSURANCE AND ANNUITIES MAR 01, 2024
California governor backs best-interest bill for annuity sales

Gov. Newsom’s signing of SB 263 makes California the 44th state to adopt the NAIC's controversial model for annuity transactions.

By Leo Almazora
Ameriprise bracing for $50 million penalty over messaging
NEWS BROKER DEALERS MAR 01, 2024
Ameriprise bracing for $50 million penalty over messaging

'There's no rhyme or reason regarding how these penalties are determined,' one industry executive says.

By Bruce Kelly
Carbon emissions reach record high despite renewables gains
NEWS ESG MAR 01, 2024
Carbon emissions reach record high despite renewables gains

The International Energy Agency says CO2 stats would have been far worse without green energy.

By Bloomberg
World Trade Organization inches toward new agreements on global trade
NEWS INDUSTRY NEWS MAR 01, 2024
World Trade Organization inches toward new agreements on global trade

Agriculture, fisheries among the key topics being debated by 160 countries.

By Bloomberg
Brothers settle 21-year feud over billions in diamonds, LA real estate
NEWS INDUSTRY NEWS MAR 01, 2024
Brothers settle 21-year feud over billions in diamonds, LA real estate

Bizarre case has been likened to Dickens' novel Bleak House, but with a twist.

By Bloomberg
Research hints at vicious mental health-wealth cycle for workers
NEWS RETIREMENT PLANNING FEB 29, 2024
Research hints at vicious mental health-wealth cycle for workers

New TIAA report points to two-way interplay between financial stressors and US employees’ mental health.

By Leo Almazora
Vanguard announces CEO Tim Buckley to retire
NEWS INDUSTRY NEWS FEB 29, 2024
Vanguard announces CEO Tim Buckley to retire

The fund company launches a search for chief executive’s successor as CIO Greg Davis is elevated to the role of president.

By Leo Almazora
With great growth comes great conflicts for RIAs
NEWS RIAS FEB 29, 2024
With great growth comes great conflicts for RIAs

Where Wall Street goes, trouble is sure to follow.

By Bruce Kelly
Quest for scale is reshaping RIAs, report says
NEWS RIAS FEB 29, 2024
Quest for scale is reshaping RIAs, report says

Amid continued consolidation and M&A, mega-RIA firms are emerging to play key roles in shaping the wealth industry.

By Leo Almazora
Nomination deadline closing in for InvestmentNews Awards
NEWS INDUSTRY NEWS FEB 29, 2024
Nomination deadline closing in for InvestmentNews Awards

Friday is the final day to highlight a worthy candidate.

By Josh Welsh
Webull joins with SPAC for $7.3B public listing
NEWS INDUSTRY NEWS FEB 29, 2024
Webull joins with SPAC for $7.3B public listing

Digital investment platform owner intends to list on the Nasdaq.

By Steve Randall