Industry News

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Bitcoin fund behemoth Grayscale announces CEO succession
NEWS ALTERNATIVES MAY 20, 2024
Bitcoin fund behemoth Grayscale announces CEO succession

The crypto investment colossus is tapping an asset management veteran with history at Goldman, BlackRock, and Invesco as its next chief executive.

By Leo Almazora
Former investment advisor could face 30 years in jail for fraud, money laundering
NEWS INDUSTRY NEWS MAY 20, 2024
Former investment advisor could face 30 years in jail for fraud, money laundering

Advisor used client money to fund a luxury lifestyle.

By Steve Randall
Millennials more likely to buy a home on their own than older generations
NEWS INDUSTRY NEWS MAY 20, 2024
Millennials more likely to buy a home on their own than older generations

Changing lifestyles and affordability challenges necessitate flexibility.

By Steve Randall
Stocks waiver, metals gain as markets digest Middle East news
NEWS INDUSTRY NEWS MAY 20, 2024
Stocks waiver, metals gain as markets digest Middle East news

Iran's president has died in a helicopter crash.

By Bloomberg
Morgan Stanley's prominent bear turns bullish on US stocks
NEWS INDUSTRY NEWS MAY 20, 2024
Morgan Stanley's prominent bear turns bullish on US stocks

Michael Wilson's gloomy 2023 outlook has not materialized.

By Bloomberg
EM corporate bonds compensation at six-year low
NEWS INDUSTRY NEWS MAY 20, 2024
EM corporate bonds compensation at six-year low

But investors remain committed to the strategy with optimism.

By Bloomberg
Copper at $11K record high, why is the metal surging?
NEWS INDUSTRY NEWS MAY 20, 2024
Copper at $11K record high, why is the metal surging?

A long-term warning of shortages may now be realised.

By Bloomberg
‘I want to be a catalyst for change’
NEWS INDUSTRY NEWS MAY 17, 2024
‘I want to be a catalyst for change’

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): Stanley Funches, INTELUS Wealth Management.

By Josh Welsh
Carson expands East Coast presence with three new locations
NEWS INDUSTRY NEWS MAY 17, 2024
Carson expands East Coast presence with three new locations

The national RIA has fully acquired three new branches in Maryland, Georgia, and Tennesee, all led by a 25-year industry veteran.

By Leo Almazora
Tragedy at BofA as 25-year-old trader dies at industry event
NEWS INDUSTRY NEWS MAY 17, 2024
Tragedy at BofA as 25-year-old trader dies at industry event

The sudden fatality is the second young employee death at the banking giant in recent weeks, raising questions around culture of long, demanding hours.

By Bloomberg
Finra dings small Calif. B-D over Reg BI, missing red flags
NEWS BROKER DEALERS MAY 17, 2024
Finra dings small Calif. B-D over Reg BI, missing red flags

'Our department’s Reg BI-related disciplinary actions have been increasing,' noted a senior Finra executive.

By Bruce Kelly
Does the Dow hitting 40k matter?
NEWS INDUSTRY NEWS MAY 17, 2024
Does the Dow hitting 40k matter?

To some financial advisors, Dow 40k holds genuine significance, despite it being more of a psychological marker for investors than a true financial one.

By Gregg Greenberg
BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation
NEWS INDUSTRY NEWS MAY 17, 2024
BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation

Federal Reserve’s hawkish policy on interest rates could be fueling the fire as well-heeled investors reap the benefits.

By Bloomberg
How wide is the generation gap at family businesses?
NEWS INDUSTRY NEWS MAY 17, 2024
How wide is the generation gap at family businesses?

New report shows current and next-generation leaders split on succession planning, risks, and ownership retention.

By Leo Almazora
Robertson Stephens welcomes Colorado-based RIA
NEWS RIAS MAY 17, 2024
Robertson Stephens welcomes Colorado-based RIA

The firm has added a new location in Colorado Springs with its latest move in the Western US.

By Leo Almazora
Supreme Court backs CFPB funding, avoiding potential problem for the Fed
NEWS REGULATION AND LEGISLATION MAY 17, 2024
Supreme Court backs CFPB funding, avoiding potential problem for the Fed

Decision overturns lower court ruling won by payday loan trade bodies.

By Steve Randall
How can spending hours scrolling on a phone help achieve financial goals?
NEWS INDUSTRY NEWS MAY 17, 2024
How can spending hours scrolling on a phone help achieve financial goals?

New Empower research reveals how tech is helping us focus on finances.

By Steve Randall
Nippon's $3.8B stake in Corebridge could be just the start
NEWS INDUSTRY NEWS MAY 17, 2024
Nippon's $3.8B stake in Corebridge could be just the start

Japanese life insurer says it wants more US asset manager, insurer.

By Bloomberg
Going for gold? Silver is shining brighter
NEWS INDUSTRY NEWS MAY 17, 2024
Going for gold? Silver is shining brighter

Investors are considering the '2nd place' metal as a good bet.

By Bloomberg
Jefferies risk manager remembers red flags in Archegos trial
NEWS INDUSTRY NEWS MAY 17, 2024
Jefferies risk manager remembers red flags in Archegos trial

Failed Archegos CEO is on trial for alleged racketeering , fraud.

By Bloomberg