Industry News

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US sees uptick of homes 'seriously underwater'
NEWS INDUSTRY NEWS MAY 09, 2024
US sees uptick of homes 'seriously underwater'

Around 1 in 37 have loan balances at least 25% more than their value.

By Bloomberg
Wheat concerns as weather, geopolitics weaken stockpiles
NEWS INDUSTRY NEWS MAY 09, 2024
Wheat concerns as weather, geopolitics weaken stockpiles

US government reports on outlook as futures gain.

By Bloomberg
Has the bitcoin rebound peaked?
NEWS INDUSTRY NEWS MAY 09, 2024
Has the bitcoin rebound peaked?

The crypto is headed for its longest losing streak since October.

By Bloomberg
Hipgnosis song fund set to be acquired by Blackstone
NEWS INDUSTRY NEWS MAY 09, 2024
Hipgnosis song fund set to be acquired by Blackstone

Concord has said it will not raise its bid any further.

By Bloomberg
Blackstone REIT in media cross hairs over valuation
NEWS ALTERNATIVES MAY 08, 2024
Blackstone REIT in media cross hairs over valuation

Sketchy math dogs private market investments sold to retail investors.

By Bruce Kelly
The RIA M&A trend started off strong in Q1 2024
NEWS INDUSTRY NEWS MAY 08, 2024
The RIA M&A trend started off strong in Q1 2024

Devoe & Company research reveals uptick in transactions as succession challenges, quest for talent, and growth ambitions persist.

By Leo Almazora
Price tag for Trump tax cuts swells to $4.6T
NEWS TAX MAY 08, 2024
Price tag for Trump tax cuts swells to $4.6T

Estimates from Congressional Budget Office project renewed fiscal measures will more than double the cost of the original 2017 cuts.

By Bloomberg
Financial advisors pipe up on private credit allocations
NEWS INDUSTRY NEWS MAY 08, 2024
Financial advisors pipe up on private credit allocations

Advisors say private credit is a great way to add to diversification to a client portfolio, despite often lacking liquidity.

By Gregg Greenberg
AdvicePay eyes next growth chapter with new president
NEWS FINTECH MAY 08, 2024
AdvicePay eyes next growth chapter with new president

The fintech platform catering to fee-for-service financial planners has elevated a key team member to its executive leadership.

By Leo Almazora
Wealth Enhancement Group adds $809M California advisor team
NEWS ADVISOR MOVES MAY 08, 2024
Wealth Enhancement Group adds $809M California advisor team

Fourth firm to join WEG this year takes its total AUM to near $83B.

By Steve Randall
'Federal law is not a suggestion' CFPB warns as fintech to pay $4.55M
NEWS INDUSTRY NEWS MAY 08, 2024
'Federal law is not a suggestion' CFPB warns as fintech to pay $4.55M

The agency has issued a stark warning to financial firms.

By Steve Randall
FTX victims could recoup total losses plus interest
NEWS INDUSTRY NEWS MAY 08, 2024
FTX victims could recoup total losses plus interest

Collapsed crypto exchange has more cash than it needs for creditors.

By Bloomberg
Morgan Stanley cautious about China stock rally
NEWS INDUSTRY NEWS MAY 08, 2024
Morgan Stanley cautious about China stock rally

Wall Street strategists favor individual, thematics rather than index.

By Bloomberg
Real estate investors gain as rents stay higher for longer
NEWS INDUSTRY NEWS MAY 08, 2024
Real estate investors gain as rents stay higher for longer

US, Canada among markets where rents are likely to be last to fall.

By Bloomberg
Jay-Z's no 'Cowboy Carter' as Pendulum investment deal nears
NEWS INDUSTRY NEWS MAY 08, 2024
Jay-Z's no 'Cowboy Carter' as Pendulum investment deal nears

Marcy Venture Partners in advanced talks for 'California merge 'em'.

By Bloomberg
LPL expands in the Northeast with $830M team
NEWS INDUSTRY NEWS MAY 07, 2024
LPL expands in the Northeast with $830M team

Serving multigenerational clients, the three former Janney Montgomery Scott advisors in Connecticut include a 46-year industry veteran.

By Leo Almazora
After losing arbitration, brokers file bankruptcy
NEWS BROKER DEALERS MAY 07, 2024
After losing arbitration, brokers file bankruptcy

"Another schlocky broker-dealer gets hit with an arbitration award and the owner and everyone else declare bankruptcy," said one attorney.

By Bruce Kelly
Breaking the $90K college barrier
NEWS INDUSTRY NEWS MAY 07, 2024
Breaking the $90K college barrier

University costs are eye-watering for parents, but the new stratospheric prices offer advisors an opportunity to provide real value to clients and their families.

By Gregg Greenberg
InvestmentNews' 5-Star Research Platforms revealed
NEWS PRACTICE MANAGEMENT MAY 07, 2024
InvestmentNews' 5-Star Research Platforms revealed

From data accuracy to active listening and a focus on efficiency and simplicity, the best research platforms for financial advisors lead on several fronts.

By Leo Almazora
S&P 500 sees best three-day rally since November
NEWS INDUSTRY NEWS MAY 07, 2024
S&P 500 sees best three-day rally since November

Hopes of Fed rate cuts boosted equities again Monday.

By Bloomberg