Industry News

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B. Riley spins off investment bank.
NEWS BROKER DEALERS MAR 12, 2025
B. Riley spins off investment bank.

The share price of B. Riley financial has plummeted 78.5% over the past year.

By Bruce Kelly
Top economists see rising recession risks as Trump undermines trust in US
NEWS INDUSTRY NEWS MAR 12, 2025
Top economists see rising recession risks as Trump undermines trust in US

Two leading voices warn the president's disruptive policies could permanently damage America's "exorbitant privilege."

By Leo Almazora
The financial battle of the century: gold vs. bitcoin
NEWS ALTERNATIVES MAR 12, 2025
The financial battle of the century: gold vs. bitcoin

Gold has been the currency of choice for centuries. But some advisors see big opportunities with bitcoin – a relative newcomer – and have been diversifying portfolios with it.

By Gregg Greenberg
Inefficiencies mean opportunities
NEWS TAX MAR 12, 2025
Inefficiencies mean opportunities

The client comes first may be a cliché but it’s underappreciated, says Andrew Clinton, an expert in tax-exempt fixed-income solutions.

By Chris Davis
Mentorship can’t be a checkbox item
NEWS PRACTICE MANAGEMENT MAR 12, 2025
Mentorship can’t be a checkbox item

Making your people a priority can be the difference between your practice being a success or failure.

By Chris Davis
The fall of the star manager
NEWS FIXED INCOME MAR 12, 2025
The fall of the star manager

Western Asset Management Company has seen at least $120 billion leave since the SEC announced its investigation into Ken Leech. The instance highlights key-person risk that the asset management world has been trying to get away from.

By Emile Hallez
Edward Jones is going upmarket with new high-net-worth service
NEWS BROKER DEALERS MAR 12, 2025
Edward Jones is going upmarket with new high-net-worth service

The firm's new offering, targeted toward investors with at least $10 million, will put it head-to-head against some of Wall Street's biggest names.

By Leo Almazora
Capital Group enters active ETF model portfolio fray
NEWS ETFS MAR 12, 2025
Capital Group enters active ETF model portfolio fray

The world's largest active asset manager is jumping in as the rise of active exchange-traded funds drives a broader transformation of the model portfolio landscape.

By Leo Almazora
Inflation eases in February, offering some relief from tariff pain
NEWS INDUSTRY NEWS MAR 12, 2025
Inflation eases in February, offering some relief from tariff pain

A slowdown in the consumer price index gave a crucial read for consumers and Fed policymakers still in wait-and-see mode.

By Bloomberg
Active funds still struggling against passive peers, Morningstar says
NEWS ETFS MAR 12, 2025
Active funds still struggling against passive peers, Morningstar says

The firm's latest barometer report shows just two-fifths of stock-picking funds outperforming their index-based rivals in 2024, with even worse results over the past decade.

By Leo Almazora
Markets await US inflation data as trade war intensifies, Dalio cites 1930s Germany
NEWS INDUSTRY NEWS MAR 12, 2025
Markets await US inflation data as trade war intensifies, Dalio cites 1930s Germany

Veteran investor says neutral countries are set to benefit.

By Steve Randall
Private markets face some 'recalibration' but evergreen funds set to lead growth
NEWS INDUSTRY NEWS MAR 12, 2025
Private markets face some 'recalibration' but evergreen funds set to lead growth

But where should investors be focusing their portfolio construction in 2025?

By Steve Randall
Food prices among drivers of expected US inflation hike
NEWS INDUSTRY NEWS MAR 12, 2025
Food prices among drivers of expected US inflation hike

Economists' poll reveals most say inflation is not under control.

By Bloomberg
Goldman expects US credit spreads to widen further
NEWS INDUSTRY NEWS MAR 12, 2025
Goldman expects US credit spreads to widen further

Wall Street strategists cite tariffs, White House acceptance of weakness.

By Bloomberg
Tesla is down 52% from peak as even Musk fans retreat
NEWS INDUSTRY NEWS MAR 12, 2025
Tesla is down 52% from peak as even Musk fans retreat

Stock is biggest decliner on the S&P 500 so far this year.

By Bloomberg
Baseball bats, caskets among items set to suffer from import tariffs
NEWS INDUSTRY NEWS MAR 12, 2025
Baseball bats, caskets among items set to suffer from import tariffs

Steel and aluminum tariffs begin Wednesday and will have a wide reach.

By Bloomberg
Volatile Tuesday pushed stocks to correction before dip-buyers swooped in
NEWS EQUITIES MAR 11, 2025
Volatile Tuesday pushed stocks to correction before dip-buyers swooped in

A salvo of tariff headlines sent stocks spiraling Tuesday before bargain-hunters drove a recovery in the S&P 500.

By Bloomberg
LinePoint, Five Eleven Partners launch to shake up family office space
NEWS RIAS MAR 11, 2025
LinePoint, Five Eleven Partners launch to shake up family office space

With a pro-advisor and family executive platform and a business pushing back against industry consolidation, the New York-based firms are striking out with different visions of independence.

By Leo Almazora
Roll back Gensler-era rules, private funds industry urges SEC
NEWS ALTERNATIVES MAR 11, 2025
Roll back Gensler-era rules, private funds industry urges SEC

A new policy proposal from the Managed Funds Association lays out requests to reduce disclosure requirements and offer legal clarity on crypto ownership, among other priorities.

By Leo Almazora
GWG bankruptcy settlement leaves investors with next to nothing
NEWS ALTERNATIVES MAR 11, 2025
GWG bankruptcy settlement leaves investors with next to nothing

Beneficient, an alternative investment company and formerly a part of GWG, has offered $50.5 million to settle claims related to federal lawsuits.

By Bruce Kelly