Industry News

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Young advisors face marketing struggles, finalist warns
RIAS INDUSTRY NEWS MAY 28, 2024
Young advisors face marketing struggles, finalist warns

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): Stephanie Tsang, North Star Resource Group.

By Josh Welsh
Fee compression is a 'real challenge' for the industry
RIAS INDUSTRY NEWS MAY 28, 2024
Fee compression is a 'real challenge' for the industry

InvestmentNews Awards 2024, Advisor of the Year (Western region): Robert Patton, SageView Advisory Group.

By Josh Welsh
'It takes a firm to put financial plans together'
RIAS INDUSTRY NEWS MAY 28, 2024
'It takes a firm to put financial plans together'

InvestmentNews Awards 2024, Advisor of the Year (Regional - Midwest): Jim Wessels, Vision Financial Group.

By Josh Welsh
Carson Group responds to discrimination lawsuit
RIAS INDUSTRY NEWS MAY 28, 2024
Carson Group responds to discrimination lawsuit

The company denies allegations that it retaliated against its former chief marketing officer and asked a court to toss her case against it.

By Emile Hallez
Americans looking forward to more student loan relief
RIAS INDUSTRY NEWS MAY 28, 2024
Americans looking forward to more student loan relief

Federal Reserve Bank survey reveals many have higher hopes for federal student debt forgiveness, particularly older borrowers.

By Bloomberg
The market's 'fear gauge' is hitting rock bottom. Should you be scared?
RIAS INDUSTRY NEWS MAY 28, 2024
The market's 'fear gauge' is hitting rock bottom. Should you be scared?

The CBOE Volatility Index (VIX) has been scraping along historically low levels. When volatility sinks to such depths, it is often a sell signal.

By Gregg Greenberg
Merrill data bungle hits Walmart 401(k) plan
RIAS FINTECH MAY 28, 2024
Merrill data bungle hits Walmart 401(k) plan

'We're hearing more horror stories' about clients becoming targets after a data breach, one attorney says.

By Bruce Kelly
Treasury yields tick up following tepid bond sales
RIAS INDUSTRY NEWS MAY 28, 2024
Treasury yields tick up following tepid bond sales

Markets drift as investors digest surprise in consumer confidence and fresh remarks from a Federal Reserve Bank official.

By Bloomberg
From Superbowl stardom to wealth management boardroom
RIAS INDUSTRY NEWS MAY 28, 2024
From Superbowl stardom to wealth management boardroom

Bennie Fowler, who won Super Bowl 50 with the Denver Broncos, reflects on his new career as Caprock’s director of strategic relationships.

By Emily Douglas
Steward Partners adds foothold in Florida with $320M ex-Merrill team
RIAS INDUSTRY NEWS MAY 28, 2024
Steward Partners adds foothold in Florida with $320M ex-Merrill team

The national RIA is getting its first Naples, Florida location with a women-led planning practice headed by a 40-year industry veteran.

By Leo Almazora
First generation immigrant advisor brings cultural approach to clients
RIAS INDUSTRY NEWS MAY 28, 2024
First generation immigrant advisor brings cultural approach to clients

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): Divam Mehta, Mehta Financial Group

By Josh Welsh
“Fearless” singer Taylor Swift joins billionaires’ club on prestigious women’s rich list
RIAS INDUSTRY NEWS MAY 28, 2024
“Fearless” singer Taylor Swift joins billionaires’ club on prestigious women’s rich list

America’s wealthiest self-made women saw their collective net worths soar past $20B, with 11 new members on the list.

By Leo Almazora
Advisors must go beyond the numbers, finalist says
RIAS INDUSTRY NEWS MAY 28, 2024
Advisors must go beyond the numbers, finalist says

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Rocco Carriero, Rocco A. Carriero Wealth Partners, Ameriprise Financial.

By Josh Welsh
Putting clients first is always top priority for finalist
RIAS INDUSTRY NEWS MAY 28, 2024
Putting clients first is always top priority for finalist

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): John Loyd, The Wealth Planner.

By Josh Welsh
Be proactive and plan for the next 'black swan' event
RIAS INDUSTRY NEWS MAY 28, 2024
Be proactive and plan for the next 'black swan' event

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Greg Guenther, GRANTvest Financial Group.

By Josh Welsh
Global financial advisory market expected to be close to $262B by 2028
RIAS INDUSTRY NEWS MAY 28, 2024
Global financial advisory market expected to be close to $262B by 2028

New report predicts stronger annualized growth of 5%.

By Steve Randall
Wall Street braces for challenging first day of T+1 settlements
RIAS INDUSTRY NEWS MAY 28, 2024
Wall Street braces for challenging first day of T+1 settlements

It's been a century since the US stock market was this fast.

By Bloomberg
Stocks gain as inflation data is in focus
RIAS INDUSTRY NEWS MAY 28, 2024
Stocks gain as inflation data is in focus

Stats and central bank speakers take center stage this week.

By Bloomberg
Fed should better explain decisions, says Cleveland president
RIAS INDUSTRY NEWS MAY 28, 2024
Fed should better explain decisions, says Cleveland president

Loretta Mester says people should be helped to understand policy.

By Bloomberg
Bitcoin slips in wake of failed $9B crypto exchange
RIAS INDUSTRY NEWS MAY 28, 2024
Bitcoin slips in wake of failed $9B crypto exchange

Administrators are dealing with the collapse of the Mt. Gox exchange.

By Bloomberg