Industry News

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Nepsis boosts tax and accounting capabilities with acquisition of full-service firm
NEWS INDUSTRY NEWS NOV 20, 2023
Nepsis boosts tax and accounting capabilities with acquisition of full-service firm

National RIA firm will incorporate 70-year-old firm into its existing brand structure.

By Steve Randall
Dollar down further on rates speculation
NEWS INDUSTRY NEWS NOV 20, 2023
Dollar down further on rates speculation

Traders are eyeing a rate cut early in 2024.

By Bloomberg
Politics and rate hikes remain key concerns of US investors as bearishness rises
NEWS INDUSTRY NEWS NOV 17, 2023
Politics and rate hikes remain key concerns of US investors as bearishness rises

Charles Schwab survey reveals sectors that traders are most bullish about.

By Steve Randall
Wealthfront reaches $50B AUM milestone, 2023 revenue growth near 140%
NEWS FINTECH NOV 17, 2023
Wealthfront reaches $50B AUM milestone, 2023 revenue growth near 140%

Automation and a focus on delivering value to clients are secret to success.

By Steve Randall
Treasuries saw first net outflows in two years, official data reveals
NEWS FIXED INCOME NOV 17, 2023
Treasuries saw first net outflows in two years, official data reveals

Foreign investors sold $1.7B more than they bought in September.

By Bloomberg
Big banks face larger burden from SVB collapse
NEWS REGULATION AND LEGISLATION NOV 17, 2023
Big banks face larger burden from SVB collapse

FDIC deposit insurance fund paid out around $16B.

By Bloomberg
Bitcoin derivatives market evokes memories of 2021 surge
NEWS INDUSTRY NEWS NOV 17, 2023
Bitcoin derivatives market evokes memories of 2021 surge

Optimism in the cryptocurrency is rising amid hopes of spot ETFs.

By Bloomberg
Edelman purchases $500M Massachusetts RIA
NEWS RIAS NOV 16, 2023
Edelman purchases $500M Massachusetts RIA

The acquisition is Edelman’s fifth over the last year.

By Josh Welsh
Savant acquires $2.2B firm to add Alabama to its growing footprint
NEWS RIAS NOV 16, 2023
Savant acquires $2.2B firm to add Alabama to its growing footprint

The acquisition is the firm’s second largest of 2023 and one of three above $1.5B.

By Steve Randall
Is fee-for-service poised to shift advisor business models like Schwab did in the 1990s?
NEWS INDUSTRY NEWS NOV 16, 2023
Is fee-for-service poised to shift advisor business models like Schwab did in the 1990s?

AdvicePay's co-founder believes it will as the firm surpasses a 1M transaction milestone.

By Steve Randall
BlackRock, Blackstone chiefs get seats at Xi's top table
NEWS INDUSTRY NEWS NOV 16, 2023
BlackRock, Blackstone chiefs get seats at Xi's top table

The investment industry leaders were among the guests at the Chinese president's exclusive dinner in San Francisco.

By Bloomberg
Oil drops further as US inventories hit three-month high
NEWS INDUSTRY NEWS NOV 16, 2023
Oil drops further as US inventories hit three-month high

Market concerns over demand intensify amid strong supply.

By Bloomberg
Emerging Asia bonds out of step with rally in US Treasuries
NEWS INDUSTRY NEWS NOV 16, 2023
Emerging Asia bonds out of step with rally in US Treasuries

Emerging Asian nations set to lose out amid optimism that the Fed will start to ease back.

By Bloomberg
Corporate climate efforts weakened by economic slowdown
NEWS INDUSTRY NEWS NOV 16, 2023
Corporate climate efforts weakened by economic slowdown

Investing in net zero is not economically attractive, say 40% of heavy industrial companies.

By Bloomberg
AIG, BlackRock, JPMorgan included on list of 'overpaid' CEOs
NEWS INDUSTRY NEWS NOV 15, 2023
AIG, BlackRock, JPMorgan included on list of 'overpaid' CEOs

High compensation does not always equate to high performance, report by As You Sow finds.

By Emile Hallez
AlTi Global to stay focused on M&A
NEWS RIAS NOV 15, 2023
AlTi Global to stay focused on M&A

'There are some high, high quality firms that have been competitors of ours for years that are willing to engage,' says AlTi CEO Mike Tiedemann.

By Bruce Kelly
Investors ‘very concerned’ about 2024 presidential election: Survey
NEWS INDUSTRY NEWS NOV 15, 2023
Investors ‘very concerned’ about 2024 presidential election: Survey

Advisors say it’s premature to be worried about the results of the election – and frankly, the incumbent doesn’t matter.

By Josh Welsh
LPL introduces affiliation for advisors targeting wealthy investors
NEWS BROKER DEALERS NOV 15, 2023
LPL introduces affiliation for advisors targeting wealthy investors

Firm says the favorable economics of this offering contribute to a better advisor experience.

By Gregg Greenberg
Farther more than doubles AUM to $1.6B in just six months
NEWS RIAS NOV 15, 2023
Farther more than doubles AUM to $1.6B in just six months

Tech-centric wealth management firm celebrates rapid growth.

By Steve Randall
US leads COP28 push to triple nuclear energy capacity
NEWS INDUSTRY NEWS NOV 15, 2023
US leads COP28 push to triple nuclear energy capacity

Other major economies are also set to back the strategy.

By Bloomberg