Industry News

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Pimco's $10B inflows was shining light in Allianz earnings
NEWS INDUSTRY NEWS NOV 10, 2023
Pimco's $10B inflows was shining light in Allianz earnings

The bond management business helped offset losses in the global firm’s insurance operations.

By Bloomberg
Can US, China reach climate agreements ahead of COP 28?
NEWS INDUSTRY NEWS NOV 10, 2023
Can US, China reach climate agreements ahead of COP 28?

A meeting in California aimed to find some common ground.

By Bloomberg
Goldman Sachs eyes Middle East growth with Credit Suisse hires
NEWS INDUSTRY NEWS NOV 10, 2023
Goldman Sachs eyes Middle East growth with Credit Suisse hires

Wall Street firm sees opportunity as region's ultra-wealthy population rises.

By Bloomberg
Advisors dig into the great commodity question
NEWS INDUSTRY NEWS NOV 09, 2023
Advisors dig into the great commodity question

'Investors interested in long-term exposure to a commodity may be better served investing in the equities of companies with exposure to the commodity,' one advisor says.

By Gregg Greenberg
Fed pushes Morgan Stanley to tighten wealth management controls
NEWS WIREHOUSES NOV 09, 2023
Fed pushes Morgan Stanley to tighten wealth management controls

The regulator wants to ensure enough is being done to prevent money laundering by international clients.

By Bloomberg
Holiday spending set to fall in US, 27 other countries
NEWS INDUSTRY NEWS NOV 09, 2023
Holiday spending set to fall in US, 27 other countries

Cost-of-living budget squeeze is bad news for retail and hospitality sectors.

By Bloomberg
InvestmentNews Women to Watch winners work to make an impact
NEWS WOMEN ADVISOR COMMUNITY NOV 08, 2023
InvestmentNews Women to Watch winners work to make an impact

'There are so many people who pushed me when I needed a nudge and pulled me up when I needed a hand,' says Kay Lynn Mayhue.

By Bruce Kelly
Women to Watch 2023 winners announced
NEWS WOMEN ADVISOR COMMUNITY NOV 08, 2023
Women to Watch 2023 winners announced

InvestmentNews honored the best in class at a ceremony in New York City.

By InvestmentNews
Hightower adds $2.5B high-net-worth focused firm to its list of 2023 acquisitions
NEWS ADVISOR MOVES NOV 08, 2023
Hightower adds $2.5B high-net-worth focused firm to its list of 2023 acquisitions

The wealth manager has announced a strategic investment in the Florida RIA firm.

By Steve Randall
Gen Z is smashing the taboo of talking to their parents about money matters
NEWS INDUSTRY NEWS NOV 08, 2023
Gen Z is smashing the taboo of talking to their parents about money matters

Northwestern Mutual study finds young Americans are having financial talks earlier.

By Steve Randall
Stocks lower ahead of Fed Chair Powell's speech
NEWS INDUSTRY NEWS NOV 08, 2023
Stocks lower ahead of Fed Chair Powell's speech

Fed chair is set to speak at 9.15 a.m. ET, with other officials also scheduled.

By Bloomberg
Why BlackRock is staying overweight megacap tech stocks
NEWS INDUSTRY NEWS NOV 08, 2023
Why BlackRock is staying overweight megacap tech stocks

Asset manager has $100B tracking the biggest names in technology in its model portfolios.

By Bloomberg
UBS is selling AT1 bonds with attractive yields
NEWS INDUSTRY NEWS NOV 08, 2023
UBS is selling AT1 bonds with attractive yields

The securities will boost the banking group's capital buffer and aims to restore confidence.

By Bloomberg
HSBC launching custody service for tokenized securities
NEWS INDUSTRY NEWS NOV 08, 2023
HSBC launching custody service for tokenized securities

It's the latest financial institution to eye a slice of the fast-growing digital assets safeguarding space.

By Bloomberg
Osaic boosts cash flow in first half of 2023: Fitch
NEWS BROKER DEALERS NOV 07, 2023
Osaic boosts cash flow in first half of 2023: Fitch

The improvement demonstrates that the giant broker-dealer network, which many believe will seek to go public in the next few years, is moving its cash flow in the right direction.

By Bruce Kelly
$30 billion up for grabs as major bank dumps part of HNW portfolio
NEWS INDUSTRY NEWS NOV 07, 2023
$30 billion up for grabs as major bank dumps part of HNW portfolio

Who doesn’t want more clients? Well, this wealth management unit for one.

By Matthew Sellers
Abacus Life partners with Dynasty Financial Partners for new wealth division
NEWS LIFE INSURANCE AND ANNUITIES NOV 07, 2023
Abacus Life partners with Dynasty Financial Partners for new wealth division

The firm will offer clients comprehensive financial planning services.

By Steve Randall
Oil drops back below $80 despite supply cuts
NEWS INDUSTRY NEWS NOV 07, 2023
Oil drops back below $80 despite supply cuts

Global demand and interest rates are in focus as WTI falls more than 2%.

By Bloomberg
Wall Street leaders share fears with global financial services peers
NEWS INDUSTRY NEWS NOV 07, 2023
Wall Street leaders share fears with global financial services peers

Cocktail of potential disasters discussed as industry meets in Hong Kong.

By Bloomberg
UBS wants to shed $5B in wealthy clients' assets
NEWS INDUSTRY NEWS NOV 07, 2023
UBS wants to shed $5B in wealthy clients' assets

The firm is picking the bits of Credit Suisse it does and does not want.

By Bloomberg