Industry News

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Young clients lead to riches
RIAS INDUSTRY NEWS MAR 01, 2024
Young clients lead to riches

‘We have the opportunity to create the greatest impact on outcomes with millennial and Gen Z clients,' advisor says after new data revealed.

By Josh Welsh
Women are taking action against financial stress, Fidelity finds
RIAS INDUSTRY NEWS MAR 01, 2024
Women are taking action against financial stress, Fidelity finds

Four-fifths of women are taking control, with Gen Z leading the way in dismantling gender stereotypes.

By Leo Almazora
Surprise – workers want higher pay
RIAS INDUSTRY NEWS MAR 01, 2024
Surprise – workers want higher pay

Companies say employees are 'insatiable,' but most workers say their compensation isn't keeping up with inflation, a report from Franklin Templeton found.

By Emile Hallez
Robertson Stephens welcomes veteran $180M team
RIAS INDUSTRY NEWS MAR 01, 2024
Robertson Stephens welcomes veteran $180M team

The San Francisco-based firm is adding a Connecticut-based practice from Hightower.

By Leo Almazora
California governor backs best-interest bill for annuity sales
INVESTING LIFE INSURANCE AND ANNUITIES MAR 01, 2024
California governor backs best-interest bill for annuity sales

Gov. Newsom’s signing of SB 263 makes California the 44th state to adopt the NAIC's controversial model for annuity transactions.

By Leo Almazora
Ameriprise bracing for $50 million penalty over messaging
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAR 01, 2024
Ameriprise bracing for $50 million penalty over messaging

'There's no rhyme or reason regarding how these penalties are determined,' one industry executive says.

By Bruce Kelly
Focus Financial unveils second intra-partnership merger
RIAS INDUSTRY NEWS MAR 01, 2024
Focus Financial unveils second intra-partnership merger

The agreement to merge GW & Wade's $10.4 billion practice with The Colony Group marks another major step in the wealth network’s new hub strategy.

By Leo Almazora
Carbon emissions reach record high despite renewables gains
RIAS INDUSTRY NEWS MAR 01, 2024
Carbon emissions reach record high despite renewables gains

The International Energy Agency says CO2 stats would have been far worse without green energy.

By Bloomberg
World Trade Organization inches toward new agreements on global trade
RIAS INDUSTRY NEWS MAR 01, 2024
World Trade Organization inches toward new agreements on global trade

Agriculture, fisheries among the key topics being debated by 160 countries.

By Bloomberg
Brothers settle 21-year feud over billions in diamonds, LA real estate
RIAS INDUSTRY NEWS MAR 01, 2024
Brothers settle 21-year feud over billions in diamonds, LA real estate

Bizarre case has been likened to Dickens' novel Bleak House, but with a twist.

By Bloomberg
Research hints at vicious mental health-wealth cycle for workers
ADVISOR NEWS RETIREMENT PLANNING FEB 29, 2024
Research hints at vicious mental health-wealth cycle for workers

New TIAA report points to two-way interplay between financial stressors and US employees’ mental health.

By Leo Almazora
Vanguard announces CEO Tim Buckley to retire
RIAS INDUSTRY NEWS FEB 29, 2024
Vanguard announces CEO Tim Buckley to retire

The fund company launches a search for chief executive’s successor as CIO Greg Davis is elevated to the role of president.

By Leo Almazora
With great growth comes great conflicts for RIAs
RIAS INDUSTRY NEWS FEB 29, 2024
With great growth comes great conflicts for RIAs

Where Wall Street goes, trouble is sure to follow.

By Bruce Kelly
Quest for scale is reshaping RIAs, report says
RIAS INDUSTRY NEWS FEB 29, 2024
Quest for scale is reshaping RIAs, report says

Amid continued consolidation and M&A, mega-RIA firms are emerging to play key roles in shaping the wealth industry.

By Leo Almazora
Nomination deadline closing in for InvestmentNews Awards
RIAS INDUSTRY NEWS FEB 29, 2024
Nomination deadline closing in for InvestmentNews Awards

Friday is the final day to highlight a worthy candidate.

By Josh Welsh
Webull joins with SPAC for $7.3B public listing
RIAS INDUSTRY NEWS FEB 29, 2024
Webull joins with SPAC for $7.3B public listing

Digital investment platform owner intends to list on the Nasdaq.

By Steve Randall
JPMorgan in partnership talks for private credit push
INVESTING ALTERNATIVES FEB 29, 2024
JPMorgan in partnership talks for private credit push

The Wall Street bank is reportedly in advanced discussions with potential partners.

By Bloomberg
BOJ could be ready to hike, but are the markets?
RIAS INDUSTRY NEWS FEB 29, 2024
BOJ could be ready to hike, but are the markets?

Japan's central bank has kept rates negative despite global pressures.

By Bloomberg
Girl just wants to have funds? Cyndi Lauper monetizes catalog
RIAS INDUSTRY NEWS FEB 29, 2024
Girl just wants to have funds? Cyndi Lauper monetizes catalog

Grammy-winning star sells rights to ABBA member's firm for undisclosed sum.

By Bloomberg
Navigating the frontiers of ESG and gender data – with Christine Cappabianca
RIAS INDUSTRY NEWS FEB 28, 2024
Navigating the frontiers of ESG and gender data – with Christine Cappabianca

Join Christine Cappabianca, of Impax Asset Management, for a deep dive into quantitative study of gender diversity and equity considerations, and how it impacts the modern landscapes of investing.

By Max Rowan