Industry News

Displaying 35345 results
Why activist investors are set to pull back on ESG campaigns
NEWS ESG JAN 09, 2024
Why activist investors are set to pull back on ESG campaigns

It's all about effectiveness, says consulting firm.

By Bloomberg
Raymond James' Reilly sees comp soar in 2023
NEWS BROKER DEALERS JAN 08, 2024
Raymond James' Reilly sees comp soar in 2023

Total compensation for the IBD's CEO hit $34.9 million in the company's fiscal year ended Sept. 30.

By Bruce Kelly
Americans facing dual challenge of trying to save while managing credit card debt
NEWS INDUSTRY NEWS JAN 08, 2024
Americans facing dual challenge of trying to save while managing credit card debt

Higher income individuals recorded larger increases in card balances in 2023.

By Steve Randall
High-yield munis had a great 2023, but this year may disappoint
NEWS FIXED INCOME JAN 08, 2024
High-yield munis had a great 2023, but this year may disappoint

Money managers are bearish on continued gains for the US debt assets.

By Bloomberg
Will US banks be overshadowed by European peers in 2024?
NEWS INDUSTRY NEWS JAN 08, 2024
Will US banks be overshadowed by European peers in 2024?

Undervalued European lenders may be heading for a stellar year.

By Bloomberg
UBS is expanding its China onshore wealth business
NEWS WIREHOUSES JAN 08, 2024
UBS is expanding its China onshore wealth business

Despite tough conditions in the region, the wealth and asset manager sees potential.

By Bloomberg
Solid payroll gains seen cutting chances for March rate cut
NEWS FIXED INCOME JAN 05, 2024
Solid payroll gains seen cutting chances for March rate cut

Futures are now pricing about 135 basis points of Fed rate cuts this year, down from more than 150 basis points earlier in the week.

By Bloomberg
Alger to add Redwood to $22B fund management business
NEWS INDUSTRY NEWS JAN 05, 2024
Alger to add Redwood to $22B fund management business

New York-based firm is betting on global equities rather than bonds, alts.

By Bloomberg
Asia's richest man back on top with $97B amid court probe reprieve
NEWS INDUSTRY NEWS JAN 05, 2024
Asia's richest man back on top with $97B amid court probe reprieve

Gautam Adani's firm had lost as much as $150B in market value at one point last year.

By Bloomberg
Ken Fisher potentially seeking 'some liquidity': Source
NEWS RIAS JAN 04, 2024
Ken Fisher potentially seeking 'some liquidity': Source

'Apparently, he doesn't want private equity money,' source says of the 73-year-old executive chairman of Fisher Investments.

By Bruce Kelly
Rates, inflation still enough to keep would-be investors on the sidelines
NEWS INDUSTRY NEWS JAN 04, 2024
Rates, inflation still enough to keep would-be investors on the sidelines

Concern about personal finances remains elevated, says Allianz Life.

By Steve Randall
Dakota Wealth Management expands AUM to $4.9B with new acquisition
NEWS INDUSTRY NEWS JAN 04, 2024
Dakota Wealth Management expands AUM to $4.9B with new acquisition

Florida-based firm now has 15 offices in 9 states.

By Steve Randall
Morgan Stanley chair thinks proposed bank rules will be 'wound back'
NEWS WIREHOUSES JAN 04, 2024
Morgan Stanley chair thinks proposed bank rules will be 'wound back'

James Gorman says regulator’s ideas were ‘extremely aggressive.’

By Bloomberg
Former Citi execs plan 'SEC free' bitcoin-backed securities
NEWS INDUSTRY NEWS JAN 04, 2024
Former Citi execs plan 'SEC free' bitcoin-backed securities

New offering is similar to American depositary receipts and does not require regulator's green light.

By Bloomberg
2024 brings plenty of concerns for advisors
NEWS PRACTICE MANAGEMENT JAN 03, 2024
2024 brings plenty of concerns for advisors

Increasing AUM, finding new clients and achieving scale are among the challenges they face this year.

By Josh Welsh
Young Americans expect an average $320K inheritance, but how will they use it?
NEWS INDUSTRY NEWS JAN 03, 2024
Young Americans expect an average $320K inheritance, but how will they use it?

Using their windfall for investing and saving is a priority, survey shows.

By Steve Randall
Why change an established wealth management brand after 35 years?
NEWS INDUSTRY NEWS JAN 03, 2024
Why change an established wealth management brand after 35 years?

New year, new name for a national broker-dealer and RIA platform managing $3.3B.

By Steve Randall
JPMorgan shares hit new record high
NEWS BROKER DEALERS JAN 03, 2024
JPMorgan shares hit new record high

Wall Street stalwart gained from regional bank collapses but can it maintain momentum?

By Bloomberg
Mariner adds $360M California firm
NEWS RIAS JAN 02, 2024
Mariner adds $360M California firm

In its 7th acquisition of 2023, Mariner buys Sacramento-based Confluence Financial Planning.

By InvestmentNews
4 key trends that will help advisors grow their firms in 2024
NEWS RIAS JAN 02, 2024
4 key trends that will help advisors grow their firms in 2024

Partnerships and organic growth should be advisors’ focus, experts say.

By Josh Welsh