Industry News

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Dallas Fed president says rates may have to go higher
NEWS INDUSTRY NEWS SEP 08, 2023
Dallas Fed president says rates may have to go higher

Lorie Logan says there may be a skip this month but more hikes may be needed.

By Bloomberg
Goldman underperformers could be out next month
NEWS PRACTICE MANAGEMENT SEP 08, 2023
Goldman underperformers could be out next month

The Wall Street bank is likely to shed 1% to 5% of its workforce in annual review.

By Bloomberg
Former FTX executive pleads guilty to criminal charges
NEWS INDUSTRY NEWS SEP 08, 2023
Former FTX executive pleads guilty to criminal charges

Ryan Salame headed up the collapsed crypto exchange’s Bahamas subsidiary.

By Bloomberg
Dollar to strengthen well into 2024 says HSBC
NEWS INDUSTRY NEWS SEP 08, 2023
Dollar to strengthen well into 2024 says HSBC

Forecast marks a u-turn from the global bank's previous view.

By Bloomberg
Food prices are lower but supply issues could change that
NEWS INDUSTRY NEWS SEP 08, 2023
Food prices are lower but supply issues could change that

Staples such as cooking oils and dairy are in abundance but grain and rice prices could face upward pressure.

By Bloomberg
Two startups merge into $1.2 billion digital family office
NEWS FINTECH SEP 07, 2023
Two startups merge into $1.2 billion digital family office

Compound, a financial and tax advisory service for tech executives, is joining Alternativ Wealth, a digital RIA, to form Compound Planning.

By Ryan W. Neal
Finra arbitrators order expelled brokerage to pay $3.2M for excessive trading
NEWS REGULATION AND LEGISLATION SEP 07, 2023
Finra arbitrators order expelled brokerage to pay $3.2M for excessive trading

'It’s the most extreme churning I’ve seen in more than 40 years,' the investor's lawyer says.

By Mark Schoeff Jr.
Osaic nabs veteran Wells Fargo group managing $600 million in Michigan
NEWS BROKER DEALERS SEP 07, 2023
Osaic nabs veteran Wells Fargo group managing $600 million in Michigan

Labor Day weekend is a traditional time for financial advisors to leave one firm and be recruited by another.

By Bruce Kelly
Ultra-rich hate 'trust fund monsters' more than taxes, study shows
NEWS RETIREMENT PLANNING SEP 07, 2023
Ultra-rich hate 'trust fund monsters' more than taxes, study shows

Clients with $25 million-plus require the most hand-holding from financial advisors.

By Gregg Greenberg
21Shares and Ark file for first US spot ether ETF
NEWS ALTERNATIVES SEP 07, 2023
21Shares and Ark file for first US spot ether ETF

The filing comes as the race to win approval for the first US spot bitcoin fund intensifies.

By Bloomberg
Where is the investment industry headed and how can professionals prepare?
NEWS INDUSTRY NEWS SEP 07, 2023
Where is the investment industry headed and how can professionals prepare?

CFA Institute muses industry future as it launches new research center.

By Steve Randall
Team with $145M practice switches to Cetera Advisor Networks
NEWS BROKER DEALERS SEP 07, 2023
Team with $145M practice switches to Cetera Advisor Networks

North Carolina advisor team was previously affiliated with Securities America.

By Steve Randall
Madison Investments launches another fund to round out ETF suite
NEWS MUTUAL FUNDS SEP 07, 2023
Madison Investments launches another fund to round out ETF suite

The firm has now launched four ETFs in the past month.

By Steve Randall
Stocks decline, bond rates rise amid Fed rates expectation
NEWS INDUSTRY NEWS SEP 07, 2023
Stocks decline, bond rates rise amid Fed rates expectation

Markets are betting that interest rates will be higher for longer.

By Bloomberg
Hedge funds say greenback rally may not be over
NEWS INDUSTRY NEWS SEP 07, 2023
Hedge funds say greenback rally may not be over

Now is not the time to short the dollar.

By Bloomberg
Investors are allocating most to gold since 2012
NEWS INDUSTRY NEWS SEP 07, 2023
Investors are allocating most to gold since 2012

JPMorgan analysts say investment in the precious metal has risen in the past year.

By Bloomberg
Canadian banks facing tougher capital requirements
NEWS INDUSTRY NEWS SEP 07, 2023
Canadian banks facing tougher capital requirements

Some of the country's largest lenders may need to sell equity.

By Bloomberg
Global hunt begins for $166B pension fund leader
NEWS INDUSTRY NEWS SEP 07, 2023
Global hunt begins for $166B pension fund leader

Wall Street executives among the targets in recruitment search.

By Bloomberg
Yen slide set to continue warns analyst
NEWS INDUSTRY NEWS SEP 07, 2023
Yen slide set to continue warns analyst

Japan's currency reflects limited options for central bank.

By Bloomberg Gadfly
Lincoln team managing $800M moves to LPL Financial
NEWS BROKER DEALERS SEP 06, 2023
Lincoln team managing $800M moves to LPL Financial

Arizona-based Validus Financial Associates is led by Ryan Kidd and Aaron Montez.

By Josh Welsh