Industry News

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Investors ‘very concerned’ about 2024 presidential election: Survey
NEWS INDUSTRY NEWS NOV 15, 2023
Investors ‘very concerned’ about 2024 presidential election: Survey

Advisors say it’s premature to be worried about the results of the election – and frankly, the incumbent doesn’t matter.

By Josh Welsh
LPL introduces affiliation for advisors targeting wealthy investors
NEWS BROKER DEALERS NOV 15, 2023
LPL introduces affiliation for advisors targeting wealthy investors

Firm says the favorable economics of this offering contribute to a better advisor experience.

By Gregg Greenberg
Farther more than doubles AUM to $1.6B in just six months
NEWS RIAS NOV 15, 2023
Farther more than doubles AUM to $1.6B in just six months

Tech-centric wealth management firm celebrates rapid growth.

By Steve Randall
US leads COP28 push to triple nuclear energy capacity
NEWS INDUSTRY NEWS NOV 15, 2023
US leads COP28 push to triple nuclear energy capacity

Other major economies are also set to back the strategy.

By Bloomberg
US-China agreement on climate change is a breakthrough
NEWS INDUSTRY NEWS NOV 15, 2023
US-China agreement on climate change is a breakthrough

World's biggest polluters appear to be on the same page on emissions.

By Bloomberg
Bitcoin is being left behind as correlation with shares widens
NEWS INDUSTRY NEWS NOV 15, 2023
Bitcoin is being left behind as correlation with shares widens

Cryptocurrency selloff is at odds with gains for equities.

By Bloomberg
Wealth management bonuses to increase, bankers hit hard
NEWS BROKER DEALERS NOV 14, 2023
Wealth management bonuses to increase, bankers hit hard

Wall Street payouts look grim for many but wealth firms should fare better, according to compensation consultants.

By Bloomberg
Fixed income favored as US institutions bet on higher rates for the next 12 months
NEWS INDUSTRY NEWS NOV 14, 2023
Fixed income favored as US institutions bet on higher rates for the next 12 months

CoreData report also highlights intolerance with underperforming active equity strategies.

By Steve Randall
Oil markets not as tight as we thought, says IEA
NEWS INDUSTRY NEWS NOV 14, 2023
Oil markets not as tight as we thought, says IEA

Both supply and demand will be higher than expected this quarter.

By Bloomberg
Asset managers prep for more failed trades from faster transactions
NEWS INDUSTRY NEWS NOV 14, 2023
Asset managers prep for more failed trades from faster transactions

US stocks will settle in just one day when T+1 is adopted next year.

By Bloomberg
Your clients don't think Bidenomics has worked for them
NEWS REGULATION AND LEGISLATION NOV 13, 2023
Your clients don't think Bidenomics has worked for them

New poll shows concerning numbers for the president.

By Matthew Sellers
Is it time to invest in people's $8.5T investment in themselves?
NEWS INDUSTRY NEWS NOV 13, 2023
Is it time to invest in people's $8.5T investment in themselves?

The global wellness sector is set for exponential growth.

By Steve Randall
When will the Fed start cutting rates? Wall Street titans disagree
NEWS INDUSTRY NEWS NOV 13, 2023
When will the Fed start cutting rates? Wall Street titans disagree

Morgan Stanley and Goldman Sachs have different views of what's ahead.

By Bloomberg
Dudley warns US fiscal position is on an 'unsustainable trajectory'
NEWS INDUSTRY NEWS NOV 13, 2023
Dudley warns US fiscal position is on an 'unsustainable trajectory'

The former New York Fed president says the outlook isn't good.

By Bloomberg
US assets set to outperform in 2024, says Morgan Stanley
NEWS INDUSTRY NEWS NOV 13, 2023
US assets set to outperform in 2024, says Morgan Stanley

Stocks and bonds will do better than EM peers but expect a dip first.

By Bloomberg
Cyber 'catastrophe bonds' could be heading to public debt markets
NEWS INDUSTRY NEWS NOV 13, 2023
Cyber 'catastrophe bonds' could be heading to public debt markets

Investments typically associated with natural disasters are increasingly available to mitigate cyber-risk costs.

By Bloomberg
Giant bank goes old school as hack bites
NEWS FINTECH NOV 10, 2023
Giant bank goes old school as hack bites

Regulators, governments try to assess fallout as suspected Russian cyberattack creates mayhem.

By Matthew Sellers
Consumers lean on unsecured debt as cost of living bites, reports TransUnion
NEWS INDUSTRY NEWS NOV 10, 2023
Consumers lean on unsecured debt as cost of living bites, reports TransUnion

Bank card and personal loan balances rise 15% while mortgage originations tumble.

By Steve Randall
Emigrant Partners plans for growth with strategic hires, team expansions
NEWS INDUSTRY NEWS NOV 10, 2023
Emigrant Partners plans for growth with strategic hires, team expansions

The firm works with wealth and asset managers with a collective $96B AUM.

By Steve Randall
JPMorgan's $290M for Epstein victims sends a signal to the industry
NEWS INDUSTRY NEWS NOV 10, 2023
JPMorgan's $290M for Epstein victims sends a signal to the industry

Federal court judge approves substantial payout and says the industry must take responsibility.

By Bloomberg