Industry News

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“Fearless” singer Taylor Swift joins billionaires’ club on prestigious women’s rich list
NEWS INDUSTRY NEWS MAY 28, 2024
“Fearless” singer Taylor Swift joins billionaires’ club on prestigious women’s rich list

America’s wealthiest self-made women saw their collective net worths soar past $20B, with 11 new members on the list.

By Leo Almazora
Advisors must go beyond the numbers, finalist says
NEWS INDUSTRY NEWS MAY 28, 2024
Advisors must go beyond the numbers, finalist says

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Rocco Carriero, Rocco A. Carriero Wealth Partners, Ameriprise Financial.

By Josh Welsh
Putting clients first is always top priority for finalist
NEWS INDUSTRY NEWS MAY 28, 2024
Putting clients first is always top priority for finalist

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): John Loyd, The Wealth Planner.

By Josh Welsh
Be proactive and plan for the next 'black swan' event
NEWS INDUSTRY NEWS MAY 28, 2024
Be proactive and plan for the next 'black swan' event

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Greg Guenther, GRANTvest Financial Group.

By Josh Welsh
Global financial advisory market expected to be close to $262B by 2028
NEWS INDUSTRY NEWS MAY 28, 2024
Global financial advisory market expected to be close to $262B by 2028

New report predicts stronger annualized growth of 5%.

By Steve Randall
Wall Street braces for challenging first day of T+1 settlements
NEWS INDUSTRY NEWS MAY 28, 2024
Wall Street braces for challenging first day of T+1 settlements

It's been a century since the US stock market was this fast.

By Bloomberg
Stocks gain as inflation data is in focus
NEWS INDUSTRY NEWS MAY 28, 2024
Stocks gain as inflation data is in focus

Stats and central bank speakers take center stage this week.

By Bloomberg
Fed should better explain decisions, says Cleveland president
NEWS INDUSTRY NEWS MAY 28, 2024
Fed should better explain decisions, says Cleveland president

Loretta Mester says people should be helped to understand policy.

By Bloomberg
Bitcoin slips in wake of failed $9B crypto exchange
NEWS INDUSTRY NEWS MAY 28, 2024
Bitcoin slips in wake of failed $9B crypto exchange

Administrators are dealing with the collapse of the Mt. Gox exchange.

By Bloomberg
Trump presidency would be worse for US debt, bond market than Biden, says Bill Gross
NEWS INDUSTRY NEWS MAY 27, 2024
Trump presidency would be worse for US debt, bond market than Biden, says Bill Gross

The famed bond king has weighed in, saying Donald Trump’s “more disruptive” tax and fiscal policies would aggravate the budget deficit.

By Leo Almazora
From 'investing' as a kid to solo practice success
NEWS INDUSTRY NEWS MAY 27, 2024
From 'investing' as a kid to solo practice success

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): Keary Castleberry, Snowden Lane Partners.

By Josh Welsh
Bringing the five pillars of wealth management together
NEWS INDUSTRY NEWS MAY 27, 2024
Bringing the five pillars of wealth management together

InvestmentNews Awards 2024, Advisor of the Year (Western region): Dave Alison, Alison Wealth Management and C2P Enterprises

By Josh Welsh
Citi, HSBC, Barclays amp up back-to-office pressure
NEWS PRACTICE MANAGEMENT MAY 25, 2024
Citi, HSBC, Barclays amp up back-to-office pressure

The banks are pushing more staff to report for in-person work as Finra shifts its rules around workplace monitoring.

By Bloomberg
Starwood latest nontraded REIT with concerns
NEWS ALTERNATIVES MAY 24, 2024
Starwood latest nontraded REIT with concerns

Nontraded REITs are facing hurdles, higher interest rates, headlines about half-empty office buildings, and investors pulling their money from products.

By Bruce Kelly
Better to follow the yellow brick road than stocks so far in 2024
NEWS INDUSTRY NEWS MAY 24, 2024
Better to follow the yellow brick road than stocks so far in 2024

Gold has outperformed stocks year-to-date, but will its golden run last through the summer?

By Gregg Greenberg
Raymond James unveils new CFO in C-suite shakeup
NEWS BROKER DEALERS MAY 24, 2024
Raymond James unveils new CFO in C-suite shakeup

The broker-dealer giant has revealed new details of leadership changes as part of its long-term succession strategy.

By Leo Almazora
Is a college diploma still worth it? Americans are split
NEWS INDUSTRY NEWS MAY 24, 2024
Is a college diploma still worth it? Americans are split

Survey reveals mixed views on college education, with just a fifth of adults willing to take on debt for a four-year degree.

By Leo Almazora
Blowout Nvidia forecast sends investors searching for more AI winners
NEWS INDUSTRY NEWS MAY 24, 2024
Blowout Nvidia forecast sends investors searching for more AI winners

Another blockbuster earnings report from the chipmaking giant raises the appeal for other AI-linked plays.

By Bloomberg
Finalist founded her RIA at just 29 years old
NEWS INDUSTRY NEWS MAY 24, 2024
Finalist founded her RIA at just 29 years old

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): Jenna Biancavilla, Pearl Capital Management

By Josh Welsh
One third of investors believe the Fed won't cut rates at all this year
NEWS INDUSTRY NEWS MAY 24, 2024
One third of investors believe the Fed won't cut rates at all this year

Investor sentiment is falling overall as inflation, rate cut concerns rise.

By Steve Randall