Industry News

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T. Rowe Price to reestablish role of head of global investments in 2024
NEWS INDUSTRY NEWS NOV 29, 2023
T. Rowe Price to reestablish role of head of global investments in 2024

The role was previously held by Rob Sharps, who became CEO in 2022.

By Steve Randall
Gold continues rally amid Fed rate cut expectations
NEWS INDUSTRY NEWS NOV 29, 2023
Gold continues rally amid Fed rate cut expectations

The precious metal is up around 13% since October.

By Bloomberg
Should advisors go for the gold in 2024?
NEWS INDUSTRY NEWS NOV 28, 2023
Should advisors go for the gold in 2024?

Gold has been a bright spot in client portfolios so far in 2023, but will it continue to shine in the new year?

By Gregg Greenberg
Charles Munger dies aged 99
NEWS INDUSTRY NEWS NOV 28, 2023
Charles Munger dies aged 99

Warren Buffett pays tribute to the foil and sidekick who helped build Berkshire Hathaway empire.

By Bloomberg
Creative Planning acquires $535M Delaware RIA
NEWS RIAS NOV 28, 2023
Creative Planning acquires $535M Delaware RIA

Wilmington-based Daniels + Tansey provides integrated financial advisory, tax planning and investment management services to individuals, families and small businesses.

By InvestmentNews
Are retirees’ nonworking assets dragging them down?
NEWS RETIREMENT PLANNING NOV 28, 2023
Are retirees’ nonworking assets dragging them down?

It's important for retirees to consider downsizing their home or selling the unused vacation home to streamline their financial life and shed assets that cost money to maintain.

By InvestmentNews
Sometime broker charged in Vermont shootings
NEWS INDUSTRY NEWS NOV 28, 2023
Sometime broker charged in Vermont shootings

Eaton's on-and-off career most recently had him working at CUSO Financial Services.

By Bruce Kelly
Cetera completes Avantax acquisition, adding $82B AUA
NEWS BROKER DEALERS NOV 28, 2023
Cetera completes Avantax acquisition, adding $82B AUA

The Avantax team comprises 3,111 financial professionals.

By Steve Randall
State Street Global Advisors hires ETF expert as chief business officer
NEWS INDUSTRY NEWS NOV 28, 2023
State Street Global Advisors hires ETF expert as chief business officer

New hire was previously global head of ETFs at Invesco.

By Steve Randall
Citi strategists say US stock rally likely ending
NEWS INDUSTRY NEWS NOV 28, 2023
Citi strategists say US stock rally likely ending

Bullish signals for futures are fading but there could still be some gains ahead.

By Bloomberg
Sale for $22B alternative asset manager Castlelake?
NEWS INDUSTRY NEWS NOV 28, 2023
Sale for $22B alternative asset manager Castlelake?

Minneapolis-based firm reported to be considering options.

By Bloomberg
BlackRock plan would free up to $4T in climate change funding
NEWS INDUSTRY NEWS NOV 28, 2023
BlackRock plan would free up to $4T in climate change funding

As COP28 gets underway, reform of multilateral development banks is proposed.

By Bloomberg
Q3 advisor moves down 18.9% from year before
NEWS BROKER DEALERS NOV 27, 2023
Q3 advisor moves down 18.9% from year before

The recruiting data show advisors' preference for operating under independent models.

By Devin McGinley
Pension funds have lost market share among 100 largest asset owners with $23T AUM
NEWS RETIREMENT PLANNING NOV 27, 2023
Pension funds have lost market share among 100 largest asset owners with $23T AUM

Report reveals the owner groups that are jostling for pole position globally.

By Steve Randall
Oil market may be oversupplied, OPEC+ meeting in focus
NEWS INDUSTRY NEWS NOV 27, 2023
Oil market may be oversupplied, OPEC+ meeting in focus

Oil prices are under pressure ahead of a key production cut decision.

By Bloomberg
ESG investors concerned about 'AI blowback'
NEWS INDUSTRY NEWS NOV 27, 2023
ESG investors concerned about 'AI blowback'

Fund managers are worried about risks in the big tech sector.

By Bloomberg
Four potential pitfalls for growing EMs
NEWS INDUSTRY NEWS NOV 27, 2023
Four potential pitfalls for growing EMs

Despite current upward trajectory, there are some headwinds for emerging markets.

By Bloomberg
Osaic picks up almost $500M as two teams switch to AmeriFlex
NEWS ADVISOR MOVES NOV 24, 2023
Osaic picks up almost $500M as two teams switch to AmeriFlex

A dozen advisors have been recruited to the firm across multiple states.

By Steve Randall
Most millennials value life insurance, but cost and confusion are holding them back
NEWS LIFE INSURANCE AND ANNUITIES NOV 24, 2023
Most millennials value life insurance, but cost and confusion are holding them back

The generation appears split on some key components of life insurance.

By Steve Randall
European stocks reflect weak data, recession fears
NEWS INDUSTRY NEWS NOV 24, 2023
European stocks reflect weak data, recession fears

Global stocks struggled for direction with US markets closed Thursday.

By Bloomberg