Industry News

Displaying 35401 results
Morgan Stanley seeks to bar broker accused of shooting co-worker
NEWS WIREHOUSES JUL 06, 2022
Morgan Stanley seeks to bar broker accused of shooting co-worker

The firm asked for a restraining order against 90-year-old Leonard Bernstein in Oklahoma County District Court Tuesday that would bar him from its offices and from any contact with former colleagues.

By Bloomberg
Ameriprise's indie unit nabs woman-led team managing $1.7 billion
NEWS BROKER DEALERS JUL 05, 2022
Ameriprise's indie unit nabs woman-led team managing $1.7 billion

Jennifer Marcontell had been with Edward Jones for 22 years in Baytown, Texas.

By InvestmentNews
Colliers takes 75% interest in Versus Capital
NEWS INDUSTRY NEWS JUL 05, 2022
Colliers takes 75% interest in Versus Capital

Versus is a Denver-based alternatives firm managing approximately $6 billion in two funds.

By InvestmentNews
New ETFs only invest at night and aim for dreamy returns
NEWS RIAS JUL 05, 2022
New ETFs only invest at night and aim for dreamy returns

The NightShares strategy involves buying the index at the end of the day and selling it every morning.

By Jeff Benjamin
90-year-old Morgan Stanley broker arrested after shooting business partner
NEWS WIREHOUSES JUL 05, 2022
90-year-old Morgan Stanley broker arrested after shooting business partner

Leonard Bernstein is accused of shooting his 61-year-old colleague multiple times in an Oklahoma City branch office.

By Ryan W. Neal
Personalization, technology best ways to get retirement back on track: Goldman
NEWS RETIREMENT PLANNING JUL 05, 2022
Personalization, technology best ways to get retirement back on track: Goldman

A Goldman Sachs study details how life events can impede retirement savings and can have a significant impact on how much an individual saves for retirement.

By Gregg Greenberg
JPMorgan cuts growth forecasts 'perilously close' to recession
NEWS INDUSTRY NEWS JUL 05, 2022
JPMorgan cuts growth forecasts 'perilously close' to recession

The reduced its estimate for annualized gross domestic product growth to 1% for the second quarter, down from 2.5% previously.

By Bloomberg
Ride the annuity bull market (while you can)
NEWS RETIREMENT PLANNING JUL 01, 2022
Ride the annuity bull market (while you can)

The first half sell-off in both stocks and bonds has opened the door for annuities and those selling them.

By Gregg Greenberg
HSBC hires RadiantESG to give fund ESG treatment
NEWS ESG JUL 01, 2022
HSBC hires RadiantESG to give fund ESG treatment

The mandate to redo the bank's small- and mid-cap growth mutual fund represents RadiantESG's second portfolio.

By Emile Hallez
Consistent participation in 401(k) plans key to account balance growth, study finds
NEWS RETIREMENT PLANNING JUL 01, 2022
Consistent participation in 401(k) plans key to account balance growth, study finds

Those who kept contributing accumulated the most, according to the Investment Company Institute and the Employee Benefit Research Institute.

By InvestmentNews
It's not too late to join the liquid alts party, Morningstar says
NEWS RIAS JUL 01, 2022
It's not too late to join the liquid alts party, Morningstar says

Key to allocating to funds employing alternative strategies is knowing what to expect and not trying to time investments.

By Jeff Benjamin
Advisers predict 4.4% gain in S&P 500 for 2022
NEWS INDUSTRY NEWS JUL 01, 2022
Advisers predict 4.4% gain in S&P 500 for 2022

Natixis survey finds widespread optimism despite the worst first-half in the equity market since 1970.

By InvestmentNews
Finra arbitration orders D.E. Shaw to pay former manager $52 million in defamation suit
NEWS ALTERNATIVES JUN 30, 2022
Finra arbitration orders D.E. Shaw to pay former manager $52 million in defamation suit

Four years after being fired for sexual misconduct, Daniel Michalow wins his defamation case against the $60 billion hedge fund.

By Jeff Benjamin
Gensler: SEC working on bulletins to illuminate aspects of Reg BI
NEWS REGULATION AND LEGISLATION JUN 30, 2022
Gensler: SEC working on bulletins to illuminate aspects of Reg BI

On the second anniversary of its going into force, the SEC chief is trying to get the most out of a rule he inherited.

By Mark Schoeff Jr.
Pontera expands access to held-away account management with GeoWealth partnership
NEWS RETIREMENT PLANNING JUN 30, 2022
Pontera expands access to held-away account management with GeoWealth partnership

Fintech company Pontera is continuing its partnership spree in hopes of giving more financial advisers the ability to manage client assets in held-away retirement accounts.

By Ryan W. Neal
UBS to pay punitive damages in $1.3 million arbitration loss over options strategy
NEWS ALTERNATIVES JUN 30, 2022
UBS to pay punitive damages in $1.3 million arbitration loss over options strategy

The award contains two unusual features: $500,000 in punitive damages to the clients and a two-to-one split decision among the three-person panel.

By Bruce Kelly
Registrations soar ahead of California auto-IRA deadline
NEWS RETIREMENT PLANNING JUN 30, 2022
Registrations soar ahead of California auto-IRA deadline

More than 87,000 employers have already registered for CalSavers, which launched in 2019.

By Gregg Greenberg
Social Security program needs reform now
NEWS RETIREMENT PLANNING JUN 30, 2022
Social Security program needs reform now

Congress continues to ignore the fact that Social Security's trust fund is expected to run out of money in 2035, which would result in a 20% cut in benefits.

By Mary Beth Franklin
Texas advisers managing $220 million switch to Raymond James from LPL
NEWS ADVISOR MOVES JUN 30, 2022
Texas advisers managing $220 million switch to Raymond James from LPL

Jon Burnett, Daniel Fowler and Chad Carlile have joined the firm’s independent adviser channel.

By InvestmentNews
SEC orders UBS to pay $25 million over fraud involving YES options strategy
NEWS ALTERNATIVES JUN 29, 2022
SEC orders UBS to pay $25 million over fraud involving YES options strategy

The agency said UBS reps didn't understand the complex product or whether buying it was in a client's best interests.

By Mark Schoeff Jr.