Industry News

Displaying 36735 results
Bathroom bans part of toxic culture at Archegos, trial hears
RIAS INDUSTRY NEWS JUN 12, 2024
Bathroom bans part of toxic culture at Archegos, trial hears

Collapsed firm's founder Bill Hwang is on trial for fraud.

By Bloomberg
Trump would back Bitcoin over Fed-backed crypto
RIAS INDUSTRY NEWS JUN 12, 2024
Trump would back Bitcoin over Fed-backed crypto

Presidential hopeful held event for crypto miners at Mar-a-Lago Tuesday.

By Bloomberg
Learning leads to success for Thrivent CEO
RIAS INDUSTRY NEWS JUN 11, 2024
Learning leads to success for Thrivent CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Terry Rasmussen, Thrivent

By Josh Welsh
'I'm playing to change the industry,' says fintech CEO
RIAS INDUSTRY NEWS JUN 11, 2024
'I'm playing to change the industry,' says fintech CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Matt Brown, CAIS.

By Josh Welsh
BlackRock gives anti-ESG investors a proxy voting option
RIAS INDUSTRY NEWS JUN 11, 2024
BlackRock gives anti-ESG investors a proxy voting option

A policy from a proxy advisor new to BlackRock's voting choice program opposes "stakeholder capitalism" proposals.

By Emile Hallez
Are easy days of RIA financing a thing of the past?
RIAS INDUSTRY NEWS JUN 11, 2024
Are easy days of RIA financing a thing of the past?

Financial advisors may be dragged through the muck when financing goes wrong.

By Bruce Kelly
Brooklyn-based brokerage TradeZero hit with $250k penalty over finfluencer activities
ADVISOR NEWS REGULATION AND LEGISLATION JUN 11, 2024
Brooklyn-based brokerage TradeZero hit with $250k penalty over finfluencer activities

Finra investigation finds pandemic-era promotions, recordkeeping, and privacy notices to investors breached a raft of rules and regulations.

By Leo Almazora
Dollar rockets toward 2024 record amid inflation, Fed watch
RIAS INDUSTRY NEWS JUN 11, 2024
Dollar rockets toward 2024 record amid inflation, Fed watch

Wednesday's one-two punch of CPI data and rate decision could spur the world's strongest currency on.

By Bloomberg
Arax beefs up multi-partner platform with $1.7B high-net-worth RIA
RIAS INDUSTRY NEWS JUN 11, 2024
Arax beefs up multi-partner platform with $1.7B high-net-worth RIA

Headquartered in Colorado, the wealth management giant’s new addition is headed by an advisor duo with more than 40 years of collective experience.

By Leo Almazora
Summit scores $1.9B advisor from Merrill Lynch
RIAS INDUSTRY NEWS JUN 11, 2024
Summit scores $1.9B advisor from Merrill Lynch

Focused on the sports and entertainment industry, the veteran advisor in California has pushed the RIA’s new assets past the $5B mark.

By Leo Almazora
LPL lands $500M advisor duo from First Republic
RIAS INDUSTRY NEWS JUN 11, 2024
LPL lands $500M advisor duo from First Republic

The broker-dealer giant’s latest additions in Newport Beach, California broke away to launch their own independent practice.

By Leo Almazora
Eton Advisors boosts UHNW capabilities with family office veteran
RIAS INDUSTRY NEWS JUN 11, 2024
Eton Advisors boosts UHNW capabilities with family office veteran

The MFO is welcoming Tamara Surratt, the founder and CEO of Legacy Family Office, which has more than $2B in AUM.

By Leo Almazora
Schwab trading index: Were AI and meme stocks in or out of favor in May?
RIAS INDUSTRY NEWS JUN 11, 2024
Schwab trading index: Were AI and meme stocks in or out of favor in May?

The monthly STAX index reveals investment sentiment among firm's clients.

By Steve Randall
Vestmark partnership to drive 'key to wealth management firm growth'
RIAS INDUSTRY NEWS JUN 11, 2024
Vestmark partnership to drive 'key to wealth management firm growth'

The firm has announced a strategic partnership to enhance platform.

By Steve Randall
Investors ambivalent as Apple plans to make AI a core feature
RIAS INDUSTRY NEWS JUN 11, 2024
Investors ambivalent as Apple plans to make AI a core feature

Shares slipped following the post-market-close announcement.

By Bloomberg
Bond traders await Fed signals for new roadmap
RIAS INDUSTRY NEWS JUN 11, 2024
Bond traders await Fed signals for new roadmap

Wednesday's rates decision will help shape the playbook through 2025.

By Bloomberg
Citi sees record highs for European stocks…just not yet
RIAS INDUSTRY NEWS JUN 11, 2024
Citi sees record highs for European stocks…just not yet

Wall Street strategists believe a new high will be reached mid-2025.

By Bloomberg
Bitcoin investors face volatile 36 hours
RIAS INDUSTRY NEWS JUN 11, 2024
Bitcoin investors face volatile 36 hours

Fed announcement, US inflation data set to make an impact.

By Bloomberg
More DIY investors want an advisor in their corner
RIAS INDUSTRY NEWS JUN 10, 2024
More DIY investors want an advisor in their corner

Cerulli research finds two-fifths of self-directed investors are willing to pay for human advice, opening opportunities for providers.

By Leo Almazora
Who are the highest-paid S&P 500 CEOs of 2023?
RIAS INDUSTRY NEWS JUN 10, 2024
Who are the highest-paid S&P 500 CEOs of 2023?

Median total compensation up by 12.6% for CEOs – compared to 5.2% for employees.

By Staff Report