Industry News

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Atlanta Fed president says rate cuts may not come for a while
RIAS INDUSTRY NEWS FEB 16, 2024
Atlanta Fed president says rate cuts may not come for a while

Raphael Bostic said Thursday that conditions remain uncertain.

By Bloomberg
Has a global investment bank banned the long weekend?
RIAS INDUSTRY NEWS FEB 16, 2024
Has a global investment bank banned the long weekend?

Not exactly, but four straight days at home are no longer allowed.

By Bloomberg
Is the worst over for office assets? CBRE thinks it might be
RIAS INDUSTRY NEWS FEB 16, 2024
Is the worst over for office assets? CBRE thinks it might be

The commercial real estate firm's CEO says return-to-office is boosting leasing.

By Bloomberg
Ex-Osaic veteran advisor barred by Finra
INVESTING ALTERNATIVES FEB 15, 2024
Ex-Osaic veteran advisor barred by Finra

'A lawyer may tell an advisor like this, there's no upside in responding to Finra, just leave the industry,' says a senior brokerage executive.

By Bruce Kelly
Pathstone snaps up Crestone Capital in $3B deal
RIAS INDUSTRY NEWS FEB 15, 2024
Pathstone snaps up Crestone Capital in $3B deal

The employee-owned RIA will see its AUA balloon past $100 billion as it builds a 'true multi-generational family office experience.'

By Leo Almazora
Tony Robbins praises private equity in his search for 'The Holy Grail of Investing'
RIAS INDUSTRY NEWS FEB 15, 2024
Tony Robbins praises private equity in his search for 'The Holy Grail of Investing'

The financial author and motivational speaker interviewed more than a dozen private equity giants to discover how they made their billions.

By Gregg Greenberg
J.P. Morgan Asset Management leaves environmental investing coalition
RIAS INDUSTRY NEWS FEB 15, 2024
J.P. Morgan Asset Management leaves environmental investing coalition

Wall Street firm is reported to have quit Climate Action 100+ to do its own thing.

By Steve Randall
Allworth Financial announces partnership with $300M firm
RIAS INDUSTRY NEWS FEB 15, 2024
Allworth Financial announces partnership with $300M firm

The deal brings the growing RIA firm's total acquisitions to 34.

By Steve Randall
Mercer Advisors welcomes five RIA industry veterans
RIAS INDUSTRY NEWS FEB 15, 2024
Mercer Advisors welcomes five RIA industry veterans

The new executives have experience at some of the biggest industry names.

By Steve Randall
Earnings help stocks advance in early trade Thursday
INVESTING EQUITIES FEB 15, 2024
Earnings help stocks advance in early trade Thursday

Big tech helped US market gain in previous session.

By Bloomberg
Citi hails private fund tokenization pilot as a success
RIAS FINTECH FEB 15, 2024
Citi hails private fund tokenization pilot as a success

The proof of concept could accelerate blockchain tech on Wall Street.

By Bloomberg
Japan in recession, no longer world's third-largest economy
RIAS INDUSTRY NEWS FEB 15, 2024
Japan in recession, no longer world's third-largest economy

Despite negative rates, the economy has unexpectedly weakened.

By Bloomberg
Fidelity Charitable reveals record year in philanthropic giving
RIAS INDUSTRY NEWS FEB 14, 2024
Fidelity Charitable reveals record year in philanthropic giving

Annual report shows donors made $11.8 billion in grants from Fidelity's donor-advised funds last year.

By Leo Almazora
Another setback for Schwab as net new assets decline again
ADVISOR NEWS INDEPENDENT BROKER DEALERS FEB 14, 2024
Another setback for Schwab as net new assets decline again

The firm saw a year-over-year drop of 65 percent in new asset flows in January, including a steep slowdown in core net new assets.

By Leo Almazora
Alt managers’ push to advisors hits resistance at some B-Ds
INVESTING ALTERNATIVES FEB 14, 2024
Alt managers’ push to advisors hits resistance at some B-Ds

‘When I got here in 2016, I had no idea who the alternative investment sponsors were,’ says Jamie Price of Osaic.

By Bruce Kelly
Wealth management firms start off 2024 with M&A bang
RIAS INDUSTRY NEWS FEB 14, 2024
Wealth management firms start off 2024 with M&A bang

A January wave of consolidation sees $32 billion in assets purchased across 23 deals, Fidelity reports.

By Leo Almazora
How does the work and pay picture look for financial professionals?
RIAS PRACTICE MANAGEMENT FEB 14, 2024
How does the work and pay picture look for financial professionals?

Data from College for Financial Planning reveal views on compensation, career development, and workforce challenges.

By Leo Almazora
Twenty Four Wealth boosts $814M practice with acquisition
RIAS INDUSTRY NEWS FEB 14, 2024
Twenty Four Wealth boosts $814M practice with acquisition

Connecticut firm has acquired a $150M firm in New Hampshire.

By Steve Randall
How getting in touch with your emotions can lead to better market trading
RIAS INDUSTRY NEWS FEB 14, 2024
How getting in touch with your emotions can lead to better market trading

New study reveals how emotions are impacted by challenging market conditions.

By Steve Randall
BlackRock's ESG business is on fire despite pushbacks
RIAS INDUSTRY NEWS FEB 14, 2024
BlackRock's ESG business is on fire despite pushbacks

The asset manager has seen impressive inflows over the past two years.

By Bloomberg