Industry News

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Oil traders weigh price hikes amid rising tensions
RIAS INDUSTRY NEWS AUG 01, 2024
Oil traders weigh price hikes amid rising tensions

Call options contracts have seen a spike in trading.

By Bloomberg
Homeowner wealth posts uptick in second quarter
RIAS INDUSTRY NEWS AUG 01, 2024
Homeowner wealth posts uptick in second quarter

Home equity boost sees underwater US mortgages at 5-year low.

By Bloomberg
Bill Ackman backtracks on Pershing Square US fund
RIAS INDUSTRY NEWS JUL 31, 2024
Bill Ackman backtracks on Pershing Square US fund

After multiple setbacks and delays, the hedge fund titan has cancelled the much-anticipated IPO for his closed-end fund.

By Leo Almazora
Mistress of Texas Ponzi schemer and ex-advisor gets life in prison
RIAS INDUSTRY NEWS JUL 31, 2024
Mistress of Texas Ponzi schemer and ex-advisor gets life in prison

“She probably ruined a lot of lives," said one attorney. "I’m not crying for her.”

By Bruce Kelly
Fed keeps focus on risks as it holds rates steady
RIAS INDUSTRY NEWS JUL 31, 2024
Fed keeps focus on risks as it holds rates steady

Unanimous decision to leave benchmark rates at 5.25% comes as policymakers acknowledged "further progress" on inflation.

By Bloomberg
Bluespring snaps up $1.35B retirement planning powerhouse
RIAS INDUSTRY NEWS JUL 31, 2024
Bluespring snaps up $1.35B retirement planning powerhouse

The wealth aggregator is extending its presence in Pennsylvania as it welcomes its 27th partner firm.

By Leo Almazora
Sequoia expands in Connecticut with $420M UHNW manager
RIAS INDUSTRY NEWS JUL 31, 2024
Sequoia expands in Connecticut with $420M UHNW manager

The nearly $20B RIA is extending its acquisition streak as it integrates a new team into its family office.

By Leo Almazora
Father-son advisor duo hops to LPL from Avantax
RIAS INDUSTRY NEWS JUL 31, 2024
Father-son advisor duo hops to LPL from Avantax

The Virginia-based family practice joins the firm after it reportedly managed some $170M at the tax-focused Cetera subsidiary.

By Leo Almazora
Commonwealth snags $300M team from Northwestern Mutual
RIAS INDUSTRY NEWS JUL 31, 2024
Commonwealth snags $300M team from Northwestern Mutual

The top-ranked IBD and RIA firm has just added a Wisconsin-based advisory team to its network.

By Leo Almazora
Focus eyes next phase with C-suite addition  
RIAS INDUSTRY NEWS JUL 31, 2024
Focus eyes next phase with C-suite addition  

The colossal RIA network has promoted a key leader of its consolidation strategy into a more expansive role.

By Leo Almazora
Markets may be too optimistic amid multiple risks, says Natixis IM
RIAS INDUSTRY NEWS JUL 31, 2024
Markets may be too optimistic amid multiple risks, says Natixis IM

Strategists cite the US election among the key risks for investors.

By Steve Randall
Why clients really want to talk to their advisor about the weather
ADVISOR NEWS RETIREMENT PLANNING JUL 31, 2024
Why clients really want to talk to their advisor about the weather

Americans fear that natural disasters could devastate retirement savings.

By Steve Randall
Wall Street veteran 'Dr Doom' to enter $9.4T ETF space
INVESTING ETFS JUL 31, 2024
Wall Street veteran 'Dr Doom' to enter $9.4T ETF space

Economist Nouriel Roubini is co-founder of Atlas Capital Team.

By Bloomberg
Major central bank may hold rates amid stubborn inflation
RIAS INDUSTRY NEWS JUL 31, 2024
Major central bank may hold rates amid stubborn inflation

The Fed is not the only policymaker that is keeping investors waiting.

By Bloomberg
Accounting rulemaker says climate risk should be more prominent
RIAS INDUSTRY NEWS JUL 31, 2024
Accounting rulemaker says climate risk should be more prominent

IASB wants to see it reflected in balance sheets, financial statements.

By Bloomberg
Despite tight budgets, Americans still want their cup of Joe
RIAS INDUSTRY NEWS JUL 31, 2024
Despite tight budgets, Americans still want their cup of Joe

Starbucks results in line with expectations as fewer customers spend more.

By Bloomberg
Home is where the wealth is. Advisors discuss home prices and financial planning
RIAS INDUSTRY NEWS JUL 30, 2024
Home is where the wealth is. Advisors discuss home prices and financial planning

Home prices are showing signs of peaking and wealth managers may have to deal with the changing situation.

By Gregg Greenberg
Court tosses elderly Hermes heir's $13B fraud claim against ex-wealth manager
RIAS INDUSTRY NEWS JUL 30, 2024
Court tosses elderly Hermes heir's $13B fraud claim against ex-wealth manager

Court ruling says allegation of "gigantic fraud" could not be proven as the octogenarian placed "blind trust" in his former advisor.

By Bloomberg
SEC claims B-D, advisor violated Reg BI in GWG bond sales
INVESTING ALTERNATIVES JUL 30, 2024
SEC claims B-D, advisor violated Reg BI in GWG bond sales

"This was not a systemic issue for us," says LifeMark Securities' CEO James Prisco.

By Bruce Kelly
Robertson Stephens welcomes $530M Ratio Wealth
RIAS INDUSTRY NEWS JUL 30, 2024
Robertson Stephens welcomes $530M Ratio Wealth

The national RIA’s latest deal in Colorado, also its largest ever, has vaulted it past $6.5B in advisory assets.

By Leo Almazora