Industry News

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Fed expected to deliver largest back-to-back rate hike in decades
NEWS INDUSTRY NEWS JUL 27, 2022
Fed expected to deliver largest back-to-back rate hike in decades

The FOMC is expected to raise rates by 75 basis points with investors seeking signs of a downshift in September.

By Bloomberg
BMO acquires sustainability consultant
NEWS ESG JUL 26, 2022
BMO acquires sustainability consultant

Radicle Group specializes in carbon credits and helping clients reduce emissions.

By ESG Clarity
Powell’s bond market recession indicator Is sending a warning
NEWS INDUSTRY NEWS JUL 26, 2022
Powell’s bond market recession indicator Is sending a warning

A vast swathe of the US yield curve inverted in recent weeks as recession fears spurred investors to pile into longer maturities.

By Bloomberg
UBS wealth group's legal costs spike in Q2
NEWS WIREHOUSES JUL 26, 2022
UBS wealth group's legal costs spike in Q2

The legal expenses linked to UBS' Yield Enhancement Strategy, which featured options, appear to be adding up.

By Bruce Kelly
Captrust rejoins the M&A game with $4 billion deal
NEWS RIAS JUL 26, 2022
Captrust rejoins the M&A game with $4 billion deal

The addition of Frontier Wealth Management marks the first acquisition of 2022 for Raleigh, North Carolina-based Captrust.

By Jeff Benjamin
Inflation already slicing into retirement saving, says Schwab 401(k) survey
NEWS RETIREMENT PLANNING JUL 26, 2022
Inflation already slicing into retirement saving, says Schwab 401(k) survey

The nationwide study shows 79% of workers are changing their saving and spending habits because of inflation.

By Gregg Greenberg
Fed to inflict more pain on economy as it readies big rate hike
NEWS INDUSTRY NEWS JUL 26, 2022
Fed to inflict more pain on economy as it readies big rate hike

A growing number of analysts say it will take a recession — and markedly higher joblessness — to ease price pressures significantly.

By Bloomberg
Advisor Group launches employee wellness program
NEWS BROKER DEALERS JUL 26, 2022
Advisor Group launches employee wellness program

As part of the program, confidential mental health support will be provided to employees of the company’s six independent broker-dealers.

By InvestmentNews
Drawn to specialize in serving innovators and entrepreneurs
NEWS RIAS JUL 25, 2022
Drawn to specialize in serving innovators and entrepreneurs

Flavia Trento says an 'accident in geography' opened her eyes to the opportunities in the innovation economy.

By Jeff Benjamin
Worried about the growth of inflation? It may be time to buy the farm!
NEWS RETIREMENT PLANNING JUL 25, 2022
Worried about the growth of inflation? It may be time to buy the farm!

Investing in farmland has long been overlooked, primarily because most investors have little to no clue about how to access it.

By Gregg Greenberg
BPAS updates financial planning tool for participants
NEWS RETIREMENT PLANNING JUL 25, 2022
BPAS updates financial planning tool for participants

Roadways Mile Marker 2.0 adds real-time updates and projections to present a bigger picture of each participant's overall financial health.

By InvestmentNews
Rep managing $213 million exits Edward Jones for Raymond James
NEWS ADVISOR MOVES JUL 25, 2022
Rep managing $213 million exits Edward Jones for Raymond James

Glenn Israel, who has gone independent as GFI Wealth Partners in Munster, Indiana, joins the firm’s independent adviser channel.

By InvestmentNews
Pushing to bolster retirement readiness with SECURE 2.0
NEWS OPINION JUL 25, 2022
Pushing to bolster retirement readiness with SECURE 2.0

The legislation is a necessary step to ensure that more and more Americans can live comfortably once they stop working.

By Dale Brown
70% of advisers describe themselves as successful
NEWS WOMEN ADVISOR COMMUNITY JUL 25, 2022
70% of advisers describe themselves as successful

American College survey finds trust, individual effort and specialized knowledge as the three most important influences on achieving success.

By InvestmentNews
Carson Group snags another exec from LPL
NEWS RIAS JUL 25, 2022
Carson Group snags another exec from LPL

Former LPL exec Burt White recruits Ryan Detrick for Carson Group's newly created role of chief market strategist.

By Jeff Benjamin
The 60/40 strategy will make a comeback, Morgan Stanley says
NEWS INDUSTRY NEWS JUL 25, 2022
The 60/40 strategy will make a comeback, Morgan Stanley says

The approach offers higher estimated long-term returns in the US and Europe over the next decade than at most points over the last 10 years.

By Bloomberg
The message is compliance
NEWS FINTECH JUL 25, 2022
The message is compliance

The substantial fines hitting big banks for failing to meet messaging-retention requirements shows the need for direction from the top to ensure the use of monitoring systems.

By InvestmentNews
Can your DC plan take a punch?
NEWS RETIREMENT PLANNING JUL 25, 2022
Can your DC plan take a punch?

Record inflation and 401(k) statement shock could send some retirement plans down for the count.

By Gregg Greenberg
How Advisors Can Better Help Managing Decumulation
NEWS INDUSTRY NEWS JUL 25, 2022
How Advisors Can Better Help Managing Decumulation

Clients often don’t realize they need as much help from an advisor in retirement as they did when preparing for it — and a new study reveals the different kinds of help advisors should provide.

By Protective
BlackRock offers portfolios tailored specifically for women
NEWS WOMEN ADVISOR COMMUNITY JUL 22, 2022
BlackRock offers portfolios tailored specifically for women

The portfolios take into account gender discrepancies around life expectancy, time in the workforce and income.

By Bloomberg