Industry News

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Former Fed president Bullard is bullish on rate cuts
RIAS INDUSTRY NEWS JUN 21, 2024
Former Fed president Bullard is bullish on rate cuts

James Bullard says CPI data supports September easing.

By Bloomberg
Citi's wind-down plan doesn’t make the grade, says FDIC
RIAS INDUSTRY NEWS JUN 21, 2024
Citi's wind-down plan doesn’t make the grade, says FDIC

Regulator's board voted that the bank’s plan is deficient.

By Bloomberg
Revealed: 2024 InvestmentNews Awards winners
RIAS INDUSTRY NEWS JUN 21, 2024
Revealed: 2024 InvestmentNews Awards winners

Find out who took home the top prizes at the inaugural, red carpet, Hollywood-themed gala.

By Josh Welsh
Investors and advisors continue to dump nontraded REITs
INVESTING ALTERNATIVES JUN 20, 2024
Investors and advisors continue to dump nontraded REITs

Patience is rarely rewarded when it comes to redemptions of some nontraded REITs, one executive noted.

By Bruce Kelly
Reflection Asset Management founder offers new twist to ESG debate
RIAS INDUSTRY NEWS JUN 20, 2024
Reflection Asset Management founder offers new twist to ESG debate

A fund manager offers an alternative now that values-based investing has become politically weaponized.

By Gregg Greenberg
Carson deepens Northeast presence with Michigan-based independent
RIAS INDUSTRY NEWS JUN 20, 2024
Carson deepens Northeast presence with Michigan-based independent

The firm has announced Avery Wealth, a $212M firm in Jackson, as the latest inductee to its national partner network.

By Leo Almazora
Stifel taps ex-Merrill Lynch leader in continued growth push
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUN 20, 2024
Stifel taps ex-Merrill Lynch leader in continued growth push

The broker-dealer giant’s new managing director is starting afresh after serving at the BofA wirehouse for 35 years.

By Leo Almazora
Supreme Court upholds foreign income tax on US businesses
RIAS INDUSTRY NEWS JUN 20, 2024
Supreme Court upholds foreign income tax on US businesses

Seven justices ruled in favor of the divisive Trump-era tax measure, potentially setting back calls for a wealth tax.

By Bloomberg
The AI jobs threat is biggest for banking, says Citi
RIAS INDUSTRY NEWS JUN 20, 2024
The AI jobs threat is biggest for banking, says Citi

Some two-thirds of jobs across the sector could be automated or augmented by the technology.

By Bloomberg
Special needs clients require special care
RIAS INDUSTRY NEWS JUN 20, 2024
Special needs clients require special care

‘The succession plan for clients is the most important because the assets need to survive for the child.’

By Josh Welsh
The thrill of entrepreneurship is ‘wildly rewarding’
RIAS INDUSTRY NEWS JUN 20, 2024
The thrill of entrepreneurship is ‘wildly rewarding’

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Robert Sechan, NewEdge Wealth.

By Josh Welsh
Osaic CEO says going indie fueled his passion for advice
RIAS INDUSTRY NEWS JUN 20, 2024
Osaic CEO says going indie fueled his passion for advice

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Jamie Price, Osaic.

By Josh Welsh
Money for nothing? MTV generation more likely to be facing dire straits
RIAS INDUSTRY NEWS JUN 20, 2024
Money for nothing? MTV generation more likely to be facing dire straits

Corebridge Financial whitepaper reveals top financial concerns of next-gen retirees.

By Steve Randall
Morningstar launches index tracking LGBTQ+ inclusive companies
RIAS INDUSTRY NEWS JUN 20, 2024
Morningstar launches index tracking LGBTQ+ inclusive companies

New index adds to firm's growing range of socially focused indexes.

By Steve Randall
Luxury goods market reflects changing demands, economic realities
RIAS INDUSTRY NEWS JUN 20, 2024
Luxury goods market reflects changing demands, economic realities

Younger generations less interested in some long-standing luxury assets.

By Steve Randall
Treasuries close to breaking even
RIAS INDUSTRY NEWS JUN 20, 2024
Treasuries close to breaking even

Volatility in the $27T market has eased significantly.

By Bloomberg
Oil set for boost from July 4 travel surge
RIAS INDUSTRY NEWS JUN 20, 2024
Oil set for boost from July 4 travel surge

71 million Americans are expected to travel during holiday period.

By Bloomberg
How a Long Island hedge fund trader built a $285M burrito fortune
RIAS INDUSTRY NEWS JUN 20, 2024
How a Long Island hedge fund trader built a $285M burrito fortune

A move down under and disappointing Mexican food led to success.

By Bloomberg
Allworth extends California footprint with Del Monte Group deal
RIAS INDUSTRY NEWS JUN 18, 2024
Allworth extends California footprint with Del Monte Group deal

The national RIA’s latest acquisition adds another $220M to its roughly $22B wealth enterprise.

By Leo Almazora
Nvidia topples Microsoft to become the world's most valuable company
RIAS INDUSTRY NEWS JUN 18, 2024
Nvidia topples Microsoft to become the world's most valuable company

The chip giant's shares have been on an unrelenting tear as AI fever continues to grip investors.

By Bloomberg