Industry News

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Outsourced family office hires $3B UHNW Citi duo
RIAS INDUSTRY NEWS JUL 23, 2024
Outsourced family office hires $3B UHNW Citi duo

Hires continue firm's rapid growth following appointment of industry veteran.

By Steve Randall
T. Rowe Price bets on fast growth in $7B blue bonds market
RIAS INDUSTRY NEWS JUL 23, 2024
T. Rowe Price bets on fast growth in $7B blue bonds market

Investment manager expects escalation over the next decade.

By Bloomberg
Why AI boom could derail US emissions reduction
RIAS INDUSTRY NEWS JUL 23, 2024
Why AI boom could derail US emissions reduction

New analysis highlights skyrocketing demand for electricity.

By Bloomberg
They co-lead a Wall Street titan: here's how it happened
RIAS INDUSTRY NEWS JUL 23, 2024
They co-lead a Wall Street titan: here's how it happened

Jamie Dimon's hand-picked leaders are focused on market share.

By Bloomberg
RIA M&A continues to roll in 2024
RIAS INDUSTRY NEWS JUL 22, 2024
RIA M&A continues to roll in 2024

"The big theme is that the industry is still in fourth inning of the consolidation ball game," says one executive.

By Bruce Kelly
Advisors assess "Harris Trade" after Biden's departure from Presidential race
RIAS INDUSTRY NEWS JUL 22, 2024
Advisors assess "Harris Trade" after Biden's departure from Presidential race

Wall Street has come to a consensus on the "Trump Trade." But which sectors will be winners if the Vice President wins the election?

By Gregg Greenberg
“Greatest bubble” set to burst, says expert
RIAS INDUSTRY NEWS JUL 22, 2024
“Greatest bubble” set to burst, says expert

CIO highlights indicators behind what he believes is a shift in the market.

By Jonalyn Cueto
Volatility likely for markets but the 'Trump Trade' remains for now
RIAS INDUSTRY NEWS JUL 22, 2024
Volatility likely for markets but the 'Trump Trade' remains for now

Volatility likely for markets but the ‘Trump Trade’ remains for now.

By Steve Randall
S&P 500 set for new energy during earnings season
RIAS INDUSTRY NEWS JUL 22, 2024
S&P 500 set for new energy during earnings season

Bloomberg Live Pulse survey shows increased confidence.

By Bloomberg
Tremors in the bond markets
RIAS INDUSTRY NEWS JUL 22, 2024
Tremors in the bond markets

With geopolitics throwing in curveballs, what’s ahead?

By Bloomberg
Asset managers' main AI benefit will not be investment performance, says Moody's
RIAS INDUSTRY NEWS JUL 22, 2024
Asset managers' main AI benefit will not be investment performance, says Moody's

But there are significant gains for firms that embrace the technology.

By Steve Randall
Banking system resilience efforts weakening warns FSB
RIAS INDUSTRY NEWS JUL 22, 2024
Banking system resilience efforts weakening warns FSB

Hedge funds and private credit firms' vulnerabilities not fully known.

By Bloomberg
Higher rates on cash could cost LPL $380 million: analyst
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 19, 2024
Higher rates on cash could cost LPL $380 million: analyst

"This would effectively be a reset in earnings," the analyst wrote.

By Bruce Kelly
Why RMIs give clients peace of mind
RIAS INDUSTRY NEWS JUL 19, 2024
Why RMIs give clients peace of mind

When markets are getting crushed., nothing promotes peace of mind like a pile of cash in an account, according to Kevin Grimes, of Grimes & Company.

By Emily Douglas
Global computer outage impacts banks, airlines early Friday
RIAS INDUSTRY NEWS JUL 19, 2024
Global computer outage impacts banks, airlines early Friday

Cybersecurity program crash, Microsoft cloud issue stalled business.

By Bloomberg
Bluespring Wealth Partners welcomes $500M as affiliate
RIAS INDUSTRY NEWS JUL 19, 2024
Bluespring Wealth Partners welcomes $500M as affiliate

Indiana firm has transitioned its investment business to Kestra Financial platform.

By Steve Randall
Mutual of America promotes $29B RIA leader to group CEO
RIAS INDUSTRY NEWS JUL 19, 2024
Mutual of America promotes $29B RIA leader to group CEO

Former JPMorgan leader has overseen strong growth of business unit.

By Steve Randall
Are we ignoring a US economic crisis that could emerge by 2030?
RIAS INDUSTRY NEWS JUL 19, 2024
Are we ignoring a US economic crisis that could emerge by 2030?

By Steve Randall
American pension funds indirectly supporting Russian LNG exports
RIAS INDUSTRY NEWS JUL 19, 2024
American pension funds indirectly supporting Russian LNG exports

Uncomfortable link prompts calls for greater clarity.

By Bloomberg
Plans, value props, and personas make the difference for top RIA firms
RIAS INDUSTRY NEWS JUL 18, 2024
Plans, value props, and personas make the difference for top RIA firms

Firms that lead the pack in new clients and AUM growth are more likely to have clear marketing plans and directions, Schwab says.

By Leo Almazora