Industry News

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Do Warren Buffett’s words still carry weight on Wall Street?
RIAS INDUSTRY NEWS MAY 06, 2024
Do Warren Buffett’s words still carry weight on Wall Street?

The Berkshire Hathaway shareholders meeting remains a big draw, but do advisors still hang on the Oracle of Omaha's every word?

By Gregg Greenberg
Stifel employees leave after probe into 'inappropriate relations'
RIAS INDUSTRY NEWS MAY 06, 2024
Stifel employees leave after probe into 'inappropriate relations'

A spokesperson for the St. Louis-based firm says it has 'taken appropriate action,' with one of the employees going through a 'legal process.'

By Bloomberg
Valuations for B-Ds and RIAs soar. Can it last?
RIAS INDUSTRY NEWS MAY 06, 2024
Valuations for B-Ds and RIAs soar. Can it last?

Deals by LPL underscore surge in price propelled by the ongoing movement to fee-based revenue from one-time commission charges.

By Bruce Kelly
Millennials want advice now but industry 'unprepared'
RIAS INDUSTRY NEWS MAY 06, 2024
Millennials want advice now but industry 'unprepared'

Firms must have a clear idea of how to attract and retain G2 advisors as record CFP exam numbers offer good news for the future.

By Josh Welsh
Asset managers are focusing on quality data and a better investor experience
RIAS INDUSTRY NEWS MAY 06, 2024
Asset managers are focusing on quality data and a better investor experience

Accurate data and an expanded product range are priorities.

By Steve Randall
Boomerang kids putting finances at risk for themselves and their parents
RIAS INDUSTRY NEWS MAY 06, 2024
Boomerang kids putting finances at risk for themselves and their parents

Report reveals a rise in adult children returning home.

By Steve Randall
Berkshire Hathaway earnings grow to $11B, cash hoard at $189B
RIAS INDUSTRY NEWS MAY 06, 2024
Berkshire Hathaway earnings grow to $11B, cash hoard at $189B

Warren Buffett says cash will only be spent on low-risk, high-return deals.

By Bloomberg
Stocks gain ahead of central bank speeches
RIAS INDUSTRY NEWS MAY 06, 2024
Stocks gain ahead of central bank speeches

Stocks gain ahead of central bank speeches.

By Bloomberg
Former bulls' EMs outlook sours
RIAS INDUSTRY NEWS MAY 06, 2024
Former bulls' EMs outlook sours

Higher-for-longer US rates and geopolitics are among the fears.

By Bloomberg
Hedge fund options bets may predict green equities performance
RIAS INDUSTRY NEWS MAY 06, 2024
Hedge fund options bets may predict green equities performance

New academic study found industry predictions outperform.

By Bloomberg
Biden White House wipes student-debt slates clean for art school victims
RIAS INDUSTRY NEWS MAY 03, 2024
Biden White House wipes student-debt slates clean for art school victims

The Biden administration has cancelled $6.1B worth of loans for 317,000 Americans who were deceived by the Art Institutes.

By Leo Almazora
Whatever happened to that small-cap rally?
RIAS INDUSTRY NEWS MAY 03, 2024
Whatever happened to that small-cap rally?

Despite all the year-end predictions that small-cap stocks would outperform in 2024, the Russell 2000 index continues to trail the S&P 500 by a wide margin.

By Gregg Greenberg
Private Advisor Group expands in Tennessee
RIAS INDUSTRY NEWS MAY 03, 2024
Private Advisor Group expands in Tennessee

The independent RIA bolsters its community in the East Coast as it welcomes former Edward Jones advisor.

By Leo Almazora
BlackRock-backed Willow wants to help advisors catch the wealth transfer wave
RIAS PRACTICE MANAGEMENT MAY 03, 2024
BlackRock-backed Willow wants to help advisors catch the wealth transfer wave

With fresh funding, the startup catering to financial advisors is offering new courses geared towards women and NextGen investors.

By Leo Almazora
Fiducient Advisors names new president
RIAS INDUSTRY NEWS MAY 03, 2024
Fiducient Advisors names new president

The NFP affiliate firm announces industry veteran in a planned succession as its leader of nearly 20 years steps down.

By Leo Almazora
Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back
RIAS INDUSTRY NEWS MAY 03, 2024
Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back

CFPB report says fees offset gains, but the ABA says it's inaccurate.

By Steve Randall
Wealthiest taxpayers are a priority for IRS with more audits on the way
RIAS INDUSTRY NEWS MAY 03, 2024
Wealthiest taxpayers are a priority for IRS with more audits on the way

The tax agency has updated its Strategic Operating Plan.

By Steve Randall
Tech stocks gain ahead of US jobs report
RIAS INDUSTRY NEWS MAY 03, 2024
Tech stocks gain ahead of US jobs report

Labour market data is due at 8.30am ET.

By Bloomberg
Bond traders now think Fed will move faster
RIAS INDUSTRY NEWS MAY 03, 2024
Bond traders now think Fed will move faster

Yields have fallen since the central bank's latest decision.

By Bloomberg
Gold heading for worst weekly loss since February
RIAS INDUSTRY NEWS MAY 03, 2024
Gold heading for worst weekly loss since February

Higher-for-longer rates expectation has weakened demand.

By Bloomberg