Industry News

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Morgan Stanley's Gorman will step down as chair by end of 2024
NEWS INDUSTRY NEWS NOV 07, 2023
Morgan Stanley's Gorman will step down as chair by end of 2024

He will make way for incoming CEO Ted Pick to make his mark on the Wall Street titan.

By Bloomberg
Stimulus will boost China growth in 2024, says IMF
NEWS INDUSTRY NEWS NOV 07, 2023
Stimulus will boost China growth in 2024, says IMF

The organization has upgraded its outlook for the world's second largest economy.

By Bloomberg
Despite issues with Schwab, RIAs from TD stay put 
NEWS RIAS NOV 06, 2023
Despite issues with Schwab, RIAs from TD stay put 

Some advisors don’t like the number of master accounts at Schwab, the phone support or the technology. They’re exploring other custodians but don’t want to repaper.

By Emile Hallez
Wealth chats with family members are a good thing, right? Not always, says Merrill Lynch
NEWS INDUSTRY NEWS NOV 06, 2023
Wealth chats with family members are a good thing, right? Not always, says Merrill Lynch

Spontaneous conversations about family fortunes can lead to regrets, new report warns.

By Steve Randall
High rates could derail year-end stocks rally, BlackRock says
NEWS INDUSTRY NEWS NOV 06, 2023
High rates could derail year-end stocks rally, BlackRock says

Research chief says rates outlook has not been reflected in equities yet.

By Bloomberg
Hedge funds' extended short positions on Treasuries wrongly timed
NEWS INDUSTRY NEWS NOV 06, 2023
Hedge funds' extended short positions on Treasuries wrongly timed

CFTC data shows bets persisted even though the cash bonds had rallied the week before.

By Bloomberg
Bankers want protection from greenwashing claims in $1.5T markets
NEWS INDUSTRY NEWS NOV 06, 2023
Bankers want protection from greenwashing claims in $1.5T markets

Wall Street stalwarts are among the largest providers of sustainability linked loans.

By Bloomberg
Captrust adds Normann Financial
NEWS RETIREMENT PLANNING NOV 03, 2023
Captrust adds Normann Financial

The Sanford, North Carolina-based firm oversees $1.3 billion in assets.

By Josh Welsh
Faith-based investing on the rise as world grows more chaotic
NEWS INDUSTRY NEWS NOV 03, 2023
Faith-based investing on the rise as world grows more chaotic

ESG may have dominated the headlines, but faith-based investing has steadily – and quietly — been on the rise.

By Gregg Greenberg
Jobs report suggests Fed may be done tightening
NEWS INDUSTRY NEWS NOV 03, 2023
Jobs report suggests Fed may be done tightening

The October employment data point to a cooling labor market, which reinforces market views that the Fed may be done with its rate hikes.

By Bloomberg
Dakota Wealth AUM nears $4B with acquisition of family-run practice
NEWS INDUSTRY NEWS NOV 03, 2023
Dakota Wealth AUM nears $4B with acquisition of family-run practice

The deal adds two offices to Dakota's footprint.

By Steve Randall
Crypto convict: Bankman-Fried will spend decades in jail
NEWS INDUSTRY NEWS NOV 03, 2023
Crypto convict: Bankman-Fried will spend decades in jail

FTX founder committed "one of the biggest financial frauds in American history" and justice was swift.

By Bloomberg
US jobs data in focus, markets optimistic
NEWS INDUSTRY NEWS NOV 03, 2023
US jobs data in focus, markets optimistic

It's hoped the stats will give weight to a looser rates policy from the Fed.

By Bloomberg
BofA strategist sees year-end equities rally, risk of recession
NEWS INDUSTRY NEWS NOV 03, 2023
BofA strategist sees year-end equities rally, risk of recession

Wall Street bear Michael Hartnett says technical barriers should not block S&P 500 rally.

By Bloomberg
What next for crypto as FTX founder is jailed?
NEWS INDUSTRY NEWS NOV 03, 2023
What next for crypto as FTX founder is jailed?

Has the fraud eroded trust in digital assets or can the industry rebound?

By Bloomberg
Capital Group says now is the time to buy global stocks
NEWS INDUSTRY NEWS NOV 03, 2023
Capital Group says now is the time to buy global stocks

Fed pause creates a window of opportunity for investors, says $2.3T manager.

By Bloomberg
Jordan Belfort is back on Wall Street and talking with InvestmentNews
NEWS INDUSTRY NEWS NOV 02, 2023
Jordan Belfort is back on Wall Street and talking with InvestmentNews

The former financial fraudster made famous by Leonardo DiCaprio is now promoting index funds and leading the charge against the 'Wall Street fee machine.'

By Gregg Greenberg
Equities gain as Fed signals potential end to rate hiking
NEWS INDUSTRY NEWS NOV 02, 2023
Equities gain as Fed signals potential end to rate hiking

World markets have reacted to Fed chair Jerome Powell's comments.

By Bloomberg
Gen Z is running out of cash, and that's bad for the economy
NEWS INDUSTRY NEWS NOV 02, 2023
Gen Z is running out of cash, and that's bad for the economy

Poll reveals fewer Americans can cover a $400 emergency expense.

By Bloomberg
Ultra-rich investors are pulling back from $1M+ artworks
NEWS INDUSTRY NEWS NOV 02, 2023
Ultra-rich investors are pulling back from $1M+ artworks

The high-end art market is thinning out according to UBS.

By Bloomberg