Industry News

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Consumer prices pick up in bumpy path down for inflation
NEWS FIXED INCOME DEC 12, 2023
Consumer prices pick up in bumpy path down for inflation

New data reinforces Fed’s determination to keep interest rates elevated.

By Bloomberg
Webull hires former Cboe executive to head up derivatives, strategy
NEWS INDUSTRY NEWS DEC 12, 2023
Webull hires former Cboe executive to head up derivatives, strategy

Seasoned leader adds decades of financial experience to online brokerage.

By Steve Randall
Private equity investors positive on AI, SEC's private funds rules
NEWS FINTECH DEC 12, 2023
Private equity investors positive on AI, SEC's private funds rules

LPs are using the technology more and also keen to invest in AI firms.

By Steve Randall
CPI data set to open door for Fed cuts, says Bloomberg Economics
NEWS INDUSTRY NEWS DEC 12, 2023
CPI data set to open door for Fed cuts, says Bloomberg Economics

Tuesday's stats are likely to show US consumer prices have stabilized.

By Bloomberg
Citi believes carbon credits market still has potential
NEWS INDUSTRY NEWS DEC 12, 2023
Citi believes carbon credits market still has potential

The unregulated segment of climate finance remains controversial.

By Bloomberg
More Wells Fargo execs follow Kowach to startup
NEWS BROKER DEALERS DEC 11, 2023
More Wells Fargo execs follow Kowach to startup

Launched over the summer, &Partners is replete with executives from Wells Fargo Advisors.

By Bruce Kelly
Advisors plan to increase clients' allocations to alternative assets in 2024
NEWS INDUSTRY NEWS DEC 11, 2023
Advisors plan to increase clients' allocations to alternative assets in 2024

CAIS-Mercer study reveals the asset classes that are set to dominate.

By Steve Randall
High-net-worth individuals and families have worrying gaps in their financial security
NEWS RETIREMENT PLANNING DEC 11, 2023
High-net-worth individuals and families have worrying gaps in their financial security

New report shows lack of protection for possessions, data and reputation.

By Steve Randall
Summit Financial takes minority stake in 20-year-old $310M RIA
NEWS INDUSTRY NEWS DEC 11, 2023
Summit Financial takes minority stake in 20-year-old $310M RIA

Acceleration of the firm's growth was key component of owner's decision.

By Steve Randall
Your website may be great, but investors want an app, says JD Power
NEWS PRACTICE MANAGEMENT DEC 11, 2023
Your website may be great, but investors want an app, says JD Power

Digital channels are increasingly important for successful wealth managers.

By Steve Randall
State Street plans 1,500 layoffs  
NEWS INDUSTRY NEWS DEC 08, 2023
State Street plans 1,500 layoffs  

The company’s vice chair cites efforts to improve productivity.

By InvestmentNews
Jobs market strengthens in November, defying forecasts
NEWS FIXED INCOME DEC 08, 2023
Jobs market strengthens in November, defying forecasts

The report undermines hopes the Federal Reserve will cut interest rates early next year.

By Bloomberg
Individual annuity sales to surpass $300B annually, says Limra
NEWS RETIREMENT PLANNING DEC 08, 2023
Individual annuity sales to surpass $300B annually, says Limra

Sales will escalate in 2024 and 2025 according to a new forecast.

By Steve Randall
Have bond traders underestimated the economy? Jobs data will tell
NEWS INDUSTRY NEWS DEC 08, 2023
Have bond traders underestimated the economy? Jobs data will tell

If Friday’s labor market report is more positive than expected, Fed rates doubts may rise.

By Bloomberg
Why Blackstone is going deep into data centers with $7B deal
NEWS INDUSTRY NEWS DEC 08, 2023
Why Blackstone is going deep into data centers with $7B deal

Emerging tech needs specialist centers and the alt asset manager sees a ‘once in a lifetime’ opportunity.

By Bloomberg
Altruist helps advisors connect their tech with several powerful new integrations
NEWS FINTECH DEC 08, 2023
Altruist helps advisors connect their tech with several powerful new integrations

The aim is to make critical workflows simpler and streamlined.

By Steve Randall
Yen deemed ‘too tricky to trade’ with more swings ahead
NEWS INDUSTRY NEWS DEC 08, 2023
Yen deemed ‘too tricky to trade’ with more swings ahead

Japanese currency is not a trade for the fainthearted right now.

By Bloomberg
Criticism of Blackstone mortgage REIT shows 'froth' draining from market
NEWS ALTERNATIVES DEC 07, 2023
Criticism of Blackstone mortgage REIT shows 'froth' draining from market

Financial advisors often recommend REITs as a way to generate income in retirement.

By Bruce Kelly
Merit acquires fellow Georgia-based firm managing $300M
NEWS RIAS DEC 07, 2023
Merit acquires fellow Georgia-based firm managing $300M

ClearBridge Wealth provides investment management and financial planning.

By Josh Welsh
There's a generational divide in managing rising concern about financial future
NEWS PRACTICE MANAGEMENT DEC 07, 2023
There's a generational divide in managing rising concern about financial future

Envestnet survey reveals need for blend of technology and human advisor insights.

By Steve Randall