Industry News

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Gen X workers are struggling to save as cost of living swallows up wages
RIAS INDUSTRY NEWS JUL 16, 2024
Gen X workers are struggling to save as cost of living swallows up wages

They should be heading towards retirement but their finances are stretched.

By Steve Randall
Why your clients absolutely cannot claim a $32K Self Employment Tax Credit
RIAS INDUSTRY NEWS JUL 16, 2024
Why your clients absolutely cannot claim a $32K Self Employment Tax Credit

Spoiler Alert: It does not exist despite claims on social media.

By Steve Randall
US retail data awaited, European earnings disappoint
RIAS INDUSTRY NEWS JUL 16, 2024
US retail data awaited, European earnings disappoint

Markets expect weaker consumer spending to prompt Fed cut.

By Bloomberg
Global entertainment, media revenue to exceed $3T
RIAS INDUSTRY NEWS JUL 16, 2024
Global entertainment, media revenue to exceed $3T

Annual growth near 4% expected to fuel revenue boost by 2028.

By Bloomberg
Invesco demands $100M in Robertshaw bankruptcy
RIAS INDUSTRY NEWS JUL 16, 2024
Invesco demands $100M in Robertshaw bankruptcy

Firm wants compensation for losing its senior position in reorganization.

By Bloomberg
Under inflation pressure, four in five Americans finding it harder to pay medical bills
RIAS INDUSTRY NEWS JUL 15, 2024
Under inflation pressure, four in five Americans finding it harder to pay medical bills

Survey finds more US adults living with medical debt, with some avoiding health care to stretch their budgets.

By Leo Almazora
Recent readings bolster Fed’s inflation confidence, says Powell
RIAS INDUSTRY NEWS JUL 15, 2024
Recent readings bolster Fed’s inflation confidence, says Powell

The Federal Reserve chair sees a clearer path to the central bank’s 2 percent target following Q2 inflation measures and latest jobs data.

By Leo Almazora
Nationwide names next leader for annuity business
INVESTING LIFE INSURANCE AND ANNUITIES JUL 15, 2024
Nationwide names next leader for annuity business

Industry veteran Craig Hawley set to take over as leader of Nationwide Annuity pushes through with retirement.

By Leo Almazora
Wells Fargo discloses problems with fees on cash
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 15, 2024
Wells Fargo discloses problems with fees on cash

"Do these disclosure issues and conflicts at Wells Fargo also exist at peers," one industry executive asked.

By Bruce Kelly
After shooting horror, advisors weigh impact of Republican platform on client portfolios
RIAS INDUSTRY NEWS JUL 15, 2024
After shooting horror, advisors weigh impact of Republican platform on client portfolios

Americans from coast-to-coast will be tuning into this week's GOP convention. Wealth managers will be watching too.

By Gregg Greenberg
The biggest hits (and misses) of 2024
RIAS INDUSTRY NEWS JUL 15, 2024
The biggest hits (and misses) of 2024

Advisors recount their successes of the first half, as well as their failures, because nobody at the track trusts a guy that shows you only his winning tickets!

By Gregg Greenberg
Kitces virtual event puts spotlight on IAR CE requirements
RIAS PRACTICE MANAGEMENT JUL 15, 2024
Kitces virtual event puts spotlight on IAR CE requirements

Full-day educational program will help investment advisers fulfill new ethical requirements as NASAA model rule reaches two key hotspots.

By Leo Almazora
LPL scores $750M team from Osaic
RIAS INDUSTRY NEWS JUL 15, 2024
LPL scores $750M team from Osaic

The wealth juggernaut extends its recruiting streak in Connecticut with a veteran advisor ensemble.

By Leo Almazora
Goldman Sachs posts earnings beat as traders outpace estimates
RIAS INDUSTRY NEWS JUL 15, 2024
Goldman Sachs posts earnings beat as traders outpace estimates

Q2 earnings rose 2.5 times above the same period last year, but results from its merger business fell short of analyst estimates.

By Bloomberg
ETF flows push BlackRock to $10.6T AUM summit
INVESTING ALTERNATIVES JUL 15, 2024
ETF flows push BlackRock to $10.6T AUM summit

The world’s largest asset manager reported $82B in net inflows as ebullient markets and key alts bets brighten outlook.

By Leo Almazora
The AI invasion has begun, and we are not ready
RIAS INDUSTRY NEWS JUL 15, 2024
The AI invasion has begun, and we are not ready

To survive, advisors must use the technology as an ally, says columnist Joe Duran.

By Joe Duran
Medic-focused firm gets $200M growth equity shot in the arm, makes acquisition  
RIAS INDUSTRY NEWS JUL 15, 2024
Medic-focused firm gets $200M growth equity shot in the arm, makes acquisition  

Firm aims to redefine financial services for healthcare professionals.

By Steve Randall
Goldman Sachs and the three themes: firm shares mid-year outlook
RIAS INDUSTRY NEWS JUL 15, 2024
Goldman Sachs and the three themes: firm shares mid-year outlook

Wall Street investment experts see a complex mix of opportunities, risks.

By Steve Randall
'Trump trade' intensifies in global markets
RIAS INDUSTRY NEWS JUL 15, 2024
'Trump trade' intensifies in global markets

Expectation rises of return to White House for former president.

By Bloomberg
US futures little changed amid latest geopolitical shock
RIAS INDUSTRY NEWS JUL 15, 2024
US futures little changed amid latest geopolitical shock

Increased near-term volatility is likely though.

By Bloomberg