Industry News

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Pricing climate risk is proving tricky for money managers
RIAS INDUSTRY NEWS FEB 08, 2024
Pricing climate risk is proving tricky for money managers

Lack of reliable data is a key reason for the challenge.

By Bloomberg
Investors ignoring renewables opportunity, Goldman Sachs says
RIAS INDUSTRY NEWS FEB 08, 2024
Investors ignoring renewables opportunity, Goldman Sachs says

The green stocks sell-off in 2023 may have clouded vision, says GSAM leader.

By Bloomberg
Bitcoin miners claim US 'abuse of authority' over energy data
ADVISOR NEWS REGULATION AND LEGISLATION FEB 08, 2024
Bitcoin miners claim US 'abuse of authority' over energy data

The industry faces scrutiny over high use of energy to mine cryptocurrency.

By Bloomberg
Miracle Mile reels in two new teams with $600M in assets
RIAS INDUSTRY NEWS FEB 08, 2024
Miracle Mile reels in two new teams with $600M in assets

A unique ownership model and growing service offerings continue to be a draw for Los Angeles-based RIA.

By Leo Almazora
KKR sees 'trillions' of retail investor dollars moving to alts
INVESTING ALTERNATIVES FEB 07, 2024
KKR sees 'trillions' of retail investor dollars moving to alts

'Mass affluent individual investors historically have not had an easy way to access these types of products and strategies,' senior KKR executive says.

By Bruce Kelly
CFP Board lauds progress among Black financial planning professionals
RIAS INDUSTRY NEWS FEB 07, 2024
CFP Board lauds progress among Black financial planning professionals

Professional body for financial planners reflects on achievements and pledges continued support.

By Leo Almazora
Mercer Advisors eyes tech-powered organic growth
RIAS INDUSTRY NEWS FEB 07, 2024
Mercer Advisors eyes tech-powered organic growth

National RIA aims to enhance advisor-client matching with Catchlight's advanced analytics and personalization tools.

By Leo Almazora
Embattled bank’s shares oscillate after it says deposits rose
RIAS INDUSTRY NEWS FEB 07, 2024
Embattled bank’s shares oscillate after it says deposits rose

The company has been under pressure since recent acquisitions triggered additional regulatory scrutiny.

By Leo Almazora
Active ETF momentum among key themes in 'vibrant' transition of funds
RIAS INDUSTRY NEWS FEB 07, 2024
Active ETF momentum among key themes in 'vibrant' transition of funds

Report highlights several trends underlying the continued strength of the ETF industry.

By Steve Randall
'Financial architect' joins $1.7B AUM Angeles Wealth
RIAS INDUSTRY NEWS FEB 07, 2024
'Financial architect' joins $1.7B AUM Angeles Wealth

Advisor moves to national RIA firm in Santa Monica from LourdMurray.

By Steve Randall
UBS has wasted no time in offering AT1 bonds
ADVISOR NEWS WIREHOUSES FEB 07, 2024
UBS has wasted no time in offering AT1 bonds

The bank announced its plans Tuesday and is already offering the notes.

By Bloomberg
Edward Jones paying for advisors' high-level credentials
ADVISOR NEWS INDEPENDENT BROKER DEALERS FEB 06, 2024
Edward Jones paying for advisors' high-level credentials

Change is afoot at the brokerage firm, which reportedly is reimbursing its advisors for the cost of certifications offered by the Investments & Wealth Institute.

By Bruce Kelly
Market bets based on the Super Bowl a Hail Mary pass
RIAS INDUSTRY NEWS FEB 06, 2024
Market bets based on the Super Bowl a Hail Mary pass

The Super Bowl indicator has been right more than 70 percent of the time, but there's no causal relationship.

By Emile Hallez
NewEdge Advisors welcomes $262M team from Carson
RIAS INDUSTRY NEWS FEB 06, 2024
NewEdge Advisors welcomes $262M team from Carson

Nesso Wealth, a Connecticut-based independent practice, is latest to join the growth-oriented RIA.

By Leo Almazora
‘RIAs make wonderful business partners,’ investor says
RIAS INDUSTRY NEWS FEB 06, 2024
‘RIAs make wonderful business partners,’ investor says

Managing partner at Merchant Investment Management says RIAs’ growth and yield are the main attractions.

By Josh Welsh
LPL signs up hefty Osaic team
RIAS INDUSTRY NEWS FEB 06, 2024
LPL signs up hefty Osaic team

Wisconsin-based advisory firm Equity Design Group brings $520 million in assets.

By Leo Almazora
UBS plans up to $1B in buybacks this year
ADVISOR NEWS WIREHOUSES FEB 06, 2024
UBS plans up to $1B in buybacks this year

The wirehouse posted its second straight quarterly loss, with pretax profit at the wealth management unit well below estimates.

By Bloomberg
Macquarie hires new head of wealth distribution amid brand consolidation
RIAS INDUSTRY NEWS FEB 06, 2024
Macquarie hires new head of wealth distribution amid brand consolidation

The asset manager is bringing all of its US wealth investment brands under one name.

By Steve Randall
Former Goldman Sachs senior leader takes new role at TPG
RIAS INDUSTRY NEWS FEB 06, 2024
Former Goldman Sachs senior leader takes new role at TPG

The asset manager sees significant opportunity in infrastructure and real assets.

By Steve Randall
Another central bank holds rates but warns hikes still possible
RIAS INDUSTRY NEWS FEB 06, 2024
Another central bank holds rates but warns hikes still possible

It's a further blow to expectations of a swift reduction in global interest rates.

By Bloomberg