Industry News

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House GOP takes first step toward tax cuts, debt limit increase
NEWS TAX FEB 12, 2025
House GOP takes first step toward tax cuts, debt limit increase

The proposed budget, which Democratic critics pan as a "Republican betrayal of the middle class," would open up a $4.5 trillion runway over 10 years for more tax cuts.

By Bloomberg
Hot CPI report has strategists rethinking inflation strategies
NEWS ETFS FEB 12, 2025
Hot CPI report has strategists rethinking inflation strategies

Wall Street reacts to the higher-than-expected January CPI report that sent stocks lower.

By Gregg Greenberg
Carson Group taps Zocks for AI-powered client insights
NEWS RIAS FEB 12, 2025
Carson Group taps Zocks for AI-powered client insights

The $38 billion national RIA's latest fintech partnership joins a broader trend of platforms helping firms and advisors pursue organic growth with artificial intelligence.

By Leo Almazora
Schwab bumps up fee for RIAs using its referral service
NEWS CUSTODIAN FEB 12, 2025
Schwab bumps up fee for RIAs using its referral service

Schwab's referral program has not changed its fees in almost 20 years.

By Bruce Kelly
A boots-on-the-ground global approach
NEWS INDUSTRY NEWS FEB 12, 2025
A boots-on-the-ground global approach

“Ultimately, if you don’t go [to the country], you don’t [understand] the type of compelling opportunity set,” John Suddeth says.

By Chris Davis
Trump demands lower interest rates as Powell goes to Hill
NEWS INDUSTRY NEWS FEB 12, 2025
Trump demands lower interest rates as Powell goes to Hill

The president's call for monetary policy easing marks a shift from earlier remarks calling the Fed's January hold "the right thing to do."

By Bloomberg
Five steps to prepare clients to navigate the tragic and unexpected
NEWS OPINION FEB 12, 2025
Five steps to prepare clients to navigate the tragic and unexpected

Recent natural disasters show the importance of being ready financially for worst-case scenarios.

By Joe Duran
An opportune time for bonds
NEWS FIXED INCOME FEB 12, 2025
An opportune time for bonds

The current environment – economic and political – stands to benefit fixed income, and active managers may have a chance shine.

By Emile Hallez
Advisors react to Trump 2.0
NEWS EQUITIES FEB 12, 2025
Advisors react to Trump 2.0

The president may be the same as he was before, but circumstances are different this time around – and there are some lessons from the first term, advisors said.

By Gregg Greenberg
Former wirehouse leaders jump to RIAs
NEWS RIAS FEB 12, 2025
Former wirehouse leaders jump to RIAs

John Thiel is only the latest in a line of one-time senior executives at wirehouses who have crossed Wall Street and are now working for the competition.

By Bruce Kelly
The war on DEI
NEWS ESG FEB 12, 2025
The war on DEI

Financial services companies are being targeted for potential legal action over their programs and initiatives on diversity, equity, and inclusion. It could be just the beginning.

By Emile Hallez
Advisors weigh reputational risks, regulatory shifts in digital asset adoption
NEWS ALTERNATIVES FEB 12, 2025
Advisors weigh reputational risks, regulatory shifts in digital asset adoption

Client sentiment and the regulatory climate may be getting sunnier, but fiduciary concerns are still holding three-fifths of surveyed advisors back from embracing crypto investments.

By Leo Almazora
Citarell to spearhead Northeast sales growth for Easterly
NEWS INDUSTRY NEWS FEB 12, 2025
Citarell to spearhead Northeast sales growth for Easterly

John Hancock veteran has more than 30 years of industry experience.

By Steve Randall
Hightower Advisors chief Oros to step down, Goldman Sachs 'lifer' is replacement
NEWS RIAS FEB 12, 2025
Hightower Advisors chief Oros to step down, Goldman Sachs 'lifer' is replacement

New leader takes over a firm that has seen remarkable transformation.

By Steve Randall
Why aren't investors celebrating stellar US earnings season?
NEWS INDUSTRY NEWS FEB 12, 2025
Why aren't investors celebrating stellar US earnings season?

Tariffs, rates are overshadowing what should be a positive period.

By Bloomberg
Gold declines for second day following comments from Fed’s Powell
NEWS INDUSTRY NEWS FEB 12, 2025
Gold declines for second day following comments from Fed’s Powell

Record rally for bullion is on hold for now as investors weigh outlook.

By Bloomberg
BlackRock hopes to end dispute with FDIC over bank stakes
NEWS INDUSTRY NEWS FEB 12, 2025
BlackRock hopes to end dispute with FDIC over bank stakes

The deadline for an agreement has already been extended twice.

By Bloomberg
Trump administration is rewriting dollar playbook, says Sobel
NEWS INDUSTRY NEWS FEB 12, 2025
Trump administration is rewriting dollar playbook, says Sobel

Former Treasury official sees break with traditional policies.

By Bloomberg
SEC prepares to back away from defending climate rule in court
NEWS ESG FEB 11, 2025
SEC prepares to back away from defending climate rule in court

Acting Chairman Mark Uyeda directed SEC staff to initiate a pause in court while the commission awaits a quorum. The SEC may decide to withdraw from defending itself in a lawsuit over last year's climate disclosure rule.

By Emile Hallez
wealth.com welcomes Kathy Wunderli in private wealth push
NEWS FINTECH FEB 11, 2025
wealth.com welcomes Kathy Wunderli in private wealth push

The top estate planning platform's veteran hire will lead its legal team's efforts to develop estate planning, tax analysis, and wealth transfer solutions for ultra-high-net-worth clients.

By Leo Almazora