Industry News

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Vanguard names former BlackRock exec as new CEO
NEWS INDUSTRY NEWS MAY 15, 2024
Vanguard names former BlackRock exec as new CEO

The firm has announced the successor to Tim Buckley.

By Steve Randall
New York RIA, founder to pay almost $1M to settle SEC conflict of interest charges
NEWS INDUSTRY NEWS MAY 15, 2024
New York RIA, founder to pay almost $1M to settle SEC conflict of interest charges

The firm advised clients to invest in films that its owner received payments for.

By Steve Randall
Americans added $184B to debt mountain in Q1, serious delinquencies increased
NEWS INDUSTRY NEWS MAY 15, 2024
Americans added $184B to debt mountain in Q1, serious delinquencies increased

New York Fed says maxed-out borrowers are struggling.

By Steve Randall
US investment firm falls victim to crypto fraudsters
NEWS INDUSTRY NEWS MAY 15, 2024
US investment firm falls victim to crypto fraudsters

Funds are reportedly still missing from $1.7B firm's main hedge fund.

By Bloomberg
IEA sees global oil demand softening
NEWS INDUSTRY NEWS MAY 15, 2024
IEA sees global oil demand softening

It's the second straight month that the outlook has been cut.

By Bloomberg
Pimco helps Allianz to higher profit in Q1
NEWS INDUSTRY NEWS MAY 15, 2024
Pimco helps Allianz to higher profit in Q1

Bond management unit posted best quarter in six years.

By Bloomberg
Osaic chair is ‘raising the stats’ for women advisors
NEWS INDUSTRY NEWS MAY 14, 2024
Osaic chair is ‘raising the stats’ for women advisors

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Christina Nash, Knox Grove Financial.

By Josh Welsh
Why multi-generational planning can be a double-edged sword
NEWS INDUSTRY NEWS MAY 14, 2024
Why multi-generational planning can be a double-edged sword

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): Kirk Klein, Koss Olinger.

By Josh Welsh
Veteran leader Desiree Sii departs Osaic
NEWS BROKER DEALERS MAY 14, 2024
Veteran leader Desiree Sii departs Osaic

'Does Osaic really need these redundancies in management,' asked one industry executive.

By Bruce Kelly
Powell preaches patience as he reiterates higher-for-longer stance
NEWS INDUSTRY NEWS MAY 14, 2024
Powell preaches patience as he reiterates higher-for-longer stance

The Federal Reserve chair sees continuing need for hawkish rate hold amid sticky inflation and continuing strength in the jobs market.

By Bloomberg
Family offices have 'dangerous gaps' in risk management, report warns
NEWS INDUSTRY NEWS MAY 14, 2024
Family offices have 'dangerous gaps' in risk management, report warns

Teams are facing multiple risks, but lack resources to keep on top of them.

By Steve Randall
GSAM's Petershill program backs $4B real assets investment manager
NEWS INDUSTRY NEWS MAY 14, 2024
GSAM's Petershill program backs $4B real assets investment manager

The Wall Street firm's investment will help accelerate strategic development.

By Steve Randall
Clients' kids seeking summer jobs? CFTC warns about 'money mules' recruitment
NEWS INDUSTRY NEWS MAY 14, 2024
Clients' kids seeking summer jobs? CFTC warns about 'money mules' recruitment

Students and others seeking extra income could become victims.

By Steve Randall
Stock rally vulnerable to stagflation: BofA strategist
NEWS INDUSTRY NEWS MAY 14, 2024
Stock rally vulnerable to stagflation: BofA strategist

This week's CPI data could add to the risk.

By Bloomberg
Goldman Sachs eyes Gulf opportunities for wealthy clients
NEWS INDUSTRY NEWS MAY 14, 2024
Goldman Sachs eyes Gulf opportunities for wealthy clients

Wall Street firm plans to launch new strategies focused on the region.

By Bloomberg
US IPOs to pause after raising $1B in five weeks
NEWS INDUSTRY NEWS MAY 14, 2024
US IPOs to pause after raising $1B in five weeks

The rest of the year may see a stream rather than a tidal wave.

By Bloomberg
Why trust is at the core of financial planning
NEWS INDUSTRY NEWS MAY 13, 2024
Why trust is at the core of financial planning

InvestmentNews Awards 2024, Advisor of the Year – Alternative Investments: Joseph Spada, Summit Financial.

By Josh Welsh
'Altruistic relationship' with clients key to advisor's success
NEWS INDUSTRY NEWS MAY 13, 2024
'Altruistic relationship' with clients key to advisor's success

InvestmentNews Awards 2024, Advisor of the Year (Midwest region): MaryAnn Pietromonaco, Morgan Stanley.

By Josh Welsh
Perigon taps Maria Daley for new advisor-focused role
NEWS PRACTICE MANAGEMENT MAY 13, 2024
Perigon taps Maria Daley for new advisor-focused role

Daley brings more than three decades’ experience to the independent wealth firm as its head of advisor success and integration.

By Leo Almazora
Cambridge's new RIA sets floor to make a deal
NEWS PRACTICE MANAGEMENT MAY 13, 2024
Cambridge's new RIA sets floor to make a deal

'The advisor wants to get out of the business at 65 or 70 but clients will live to be around till 90,' says one banker.

By Bruce Kelly