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Will higher inflation in December affect advisors' 2024 outlooks?
RIAS INDUSTRY NEWS JAN 11, 2024
Will higher inflation in December affect advisors' 2024 outlooks?

The biggest takeaway from the December CPI report could be that the Federal Reserve is done raising rates, rather than the timing or number of its cuts.

By Gregg Greenberg
Broker-dealers and bitcoin ETFs: To sell or not to sell?
INVESTING ALTERNATIVES JAN 11, 2024
Broker-dealers and bitcoin ETFs: To sell or not to sell?

'Financial advisors don’t understand bitcoin,' one senior executive notes. 'It's a disaster waiting to happen.'

By Bruce Kelly
Hightower completes strategic investment in $3.3B New York wealth firm
RIAS INDUSTRY NEWS JAN 11, 2024
Hightower completes strategic investment in $3.3B New York wealth firm

It's the firm's first announced deal of 2024 following 12 last year.

By Steve Randall
Financial advisors launch disruptive RIA co-op platform 
RIAS INDUSTRY NEWS JAN 11, 2024
Financial advisors launch disruptive RIA co-op platform 

Founders say the Avise Financial platform puts ownership back in the hands of advisors.

By Steve Randall
JPMorgan Asset Management thinks Fed cuts could be deeper
ADVISOR NEWS INDEPENDENT BROKER DEALERS JAN 11, 2024
JPMorgan Asset Management thinks Fed cuts could be deeper

Wall Street firm believes that while 1.5% of cuts is probably correct, there could be more easing needed.

By Bloomberg
Here we go again: Ether gains on hopes for SEC ETF approval
RIAS INDUSTRY NEWS JAN 11, 2024
Here we go again: Ether gains on hopes for SEC ETF approval

'Runner-up' crypto has gained more than bitcoin since the SEC approved spot ETFs.

By Bloomberg
Citadel Securities is sole bidder for Credit Suisse's China venture
RIAS INDUSTRY NEWS JAN 11, 2024
Citadel Securities is sole bidder for Credit Suisse's China venture

While many firms are pulling back from the market, the Ken Griffin founded firm sees opportunity.

By Bloomberg
Cambridge launches fee-only RIA
RIAS INDUSTRY NEWS JAN 10, 2024
Cambridge launches fee-only RIA

BridgePort Financial Solutions can provide smaller RIAs with support in areas such as technology, practice management and outsourcing.

By InvestmentNews
BlackRock, Ark cut fees on bitcoin ETFs again
INVESTING ETFS JAN 10, 2024
BlackRock, Ark cut fees on bitcoin ETFs again

Fund companies try to position their products to attract first-day inflows that could hit $4B once the SEC approves the funds.

By Bloomberg
MAI Capital Management expands with $1.4B firm acquisition
RIAS INDUSTRY NEWS JAN 10, 2024
MAI Capital Management expands with $1.4B firm acquisition

The deal enhances the RIA's presence in Ohio and Northern Virginia.

By Steve Randall
Private health insurance premiums to reach new record high this year
RIAS INDUSTRY NEWS JAN 10, 2024
Private health insurance premiums to reach new record high this year

Costs surged in 2023 and are set to do the same in 2024, says new report.

By Steve Randall
Bitcoin steady following fake SEC social media post on ETFs
RIAS INDUSTRY NEWS JAN 10, 2024
Bitcoin steady following fake SEC social media post on ETFs

Hackers posted on regulator's X account that it had approved spot ETFs.

By Bloomberg
Luxury housing market to be driven by sustainable homes, AI
RIAS INDUSTRY NEWS JAN 10, 2024
Luxury housing market to be driven by sustainable homes, AI

New report says environmental concerns are becoming mainstream.

By Bloomberg
Billionaire vs. auction house $233M trial begins over 'lost Leonardo'
RIAS INDUSTRY NEWS JAN 10, 2024
Billionaire vs. auction house $233M trial begins over 'lost Leonardo'

New York court case provides rare glimpse of often opaque fine art world.

By Bloomberg
SEC denies bitcoin ETF approval after X account compromised
INVESTING ALTERNATIVES JAN 09, 2024
SEC denies bitcoin ETF approval after X account compromised

Chair Gary Gensler denounces unauthorized social media post.

By James Burton
Mercer adds $275M RIA in Iowa
RIAS INDUSTRY NEWS JAN 09, 2024
Mercer adds $275M RIA in Iowa

The deal for River Glen Wealth Counselors adds to the firm’s presence in the central U.S.

By InvestmentNews
'Wall Street South' beckons financial services firms
ADVISOR NEWS OPINION JAN 09, 2024
'Wall Street South' beckons financial services firms

Why hedge fund managers, advisory firms and other financial services firms are basking in the sun in Miami.

By Michael Nessim
BlackRock, State Street cited for blocking green resolutions
RIAS INDUSTRY NEWS JAN 09, 2024
BlackRock, State Street cited for blocking green resolutions

A report from nonprofit ShareAction finds BlackRock supported just of 20 climate resolutions in 2023 that were analyzed by ShareAction.

By Bloomberg
Diversify launches wealth management partner platform with three RIAs
RIAS INDUSTRY NEWS JAN 09, 2024
Diversify launches wealth management partner platform with three RIAs

New offering is for advisors seeking the next step of their career.

By Steve Randall
Smartleaf Asset Management announces strategic partnership with Clearstead Advisors
RIAS INDUSTRY NEWS JAN 09, 2024
Smartleaf Asset Management announces strategic partnership with Clearstead Advisors

The collaboration will enable greater tax optimization for Clearstead clients.

By Steve Randall