Industry News

Displaying 36735 results
Why activist investors are set to pull back on ESG campaigns
RIAS INDUSTRY NEWS JAN 09, 2024
Why activist investors are set to pull back on ESG campaigns

It's all about effectiveness, says consulting firm.

By Bloomberg
Raymond James' Reilly sees comp soar in 2023
ADVISOR NEWS INDEPENDENT BROKER DEALERS JAN 08, 2024
Raymond James' Reilly sees comp soar in 2023

Total compensation for the IBD's CEO hit $34.9 million in the company's fiscal year ended Sept. 30.

By Bruce Kelly
Americans facing dual challenge of trying to save while managing credit card debt
RIAS INDUSTRY NEWS JAN 08, 2024
Americans facing dual challenge of trying to save while managing credit card debt

Higher income individuals recorded larger increases in card balances in 2023.

By Steve Randall
Hub International adds new acquisition to its South Florida practice
RIAS INDUSTRY NEWS JAN 08, 2024
Hub International adds new acquisition to its South Florida practice

Latest deal will help expand the firm's reach and capabilities in the region.

By Steve Randall
High-yield munis had a great 2023, but this year may disappoint
INVESTING FIXED INCOME JAN 08, 2024
High-yield munis had a great 2023, but this year may disappoint

Money managers are bearish on continued gains for the US debt assets.

By Bloomberg
Will US banks be overshadowed by European peers in 2024?
RIAS INDUSTRY NEWS JAN 08, 2024
Will US banks be overshadowed by European peers in 2024?

Undervalued European lenders may be heading for a stellar year.

By Bloomberg
UBS is expanding its China onshore wealth business
ADVISOR NEWS WIREHOUSES JAN 08, 2024
UBS is expanding its China onshore wealth business

Despite tough conditions in the region, the wealth and asset manager sees potential.

By Bloomberg
Solid payroll gains seen cutting chances for March rate cut
INVESTING FIXED INCOME JAN 05, 2024
Solid payroll gains seen cutting chances for March rate cut

Futures are now pricing about 135 basis points of Fed rate cuts this year, down from more than 150 basis points earlier in the week.

By Bloomberg
Savant Wealth Management expands into Florida with acquisition of $440M firm
RIAS INDUSTRY NEWS JAN 05, 2024
Savant Wealth Management expands into Florida with acquisition of $440M firm

Fee-only RIA completed its 11th deal of 2023 at the end of December.

By Steve Randall
Alger to add Redwood to $22B fund management business
RIAS INDUSTRY NEWS JAN 05, 2024
Alger to add Redwood to $22B fund management business

New York-based firm is betting on global equities rather than bonds, alts.

By Bloomberg
Asia's richest man back on top with $97B amid court probe reprieve
RIAS INDUSTRY NEWS JAN 05, 2024
Asia's richest man back on top with $97B amid court probe reprieve

Gautam Adani's firm had lost as much as $150B in market value at one point last year.

By Bloomberg
Ken Fisher potentially seeking 'some liquidity': Source
RIAS INDUSTRY NEWS JAN 04, 2024
Ken Fisher potentially seeking 'some liquidity': Source

'Apparently, he doesn't want private equity money,' source says of the 73-year-old executive chairman of Fisher Investments.

By Bruce Kelly
Rates, inflation still enough to keep would-be investors on the sidelines
RIAS INDUSTRY NEWS JAN 04, 2024
Rates, inflation still enough to keep would-be investors on the sidelines

Concern about personal finances remains elevated, says Allianz Life.

By Steve Randall
Dakota Wealth Management expands AUM to $4.9B with new acquisition
RIAS INDUSTRY NEWS JAN 04, 2024
Dakota Wealth Management expands AUM to $4.9B with new acquisition

Florida-based firm now has 15 offices in 9 states.

By Steve Randall
Morgan Stanley chair thinks proposed bank rules will be 'wound back'
ADVISOR NEWS WIREHOUSES JAN 04, 2024
Morgan Stanley chair thinks proposed bank rules will be 'wound back'

James Gorman says regulator’s ideas were ‘extremely aggressive.’

By Bloomberg
Former Citi execs plan 'SEC free' bitcoin-backed securities
RIAS INDUSTRY NEWS JAN 04, 2024
Former Citi execs plan 'SEC free' bitcoin-backed securities

New offering is similar to American depositary receipts and does not require regulator's green light.

By Bloomberg
2024 brings plenty of concerns for advisors
RIAS PRACTICE MANAGEMENT JAN 03, 2024
2024 brings plenty of concerns for advisors

Increasing AUM, finding new clients and achieving scale are among the challenges they face this year.

By Josh Welsh
‘My generation is fairly traumatized’
RIAS INDUSTRY NEWS JAN 03, 2024
‘My generation is fairly traumatized’

New York City advisor explains why he focused on millennial clients when ‘nobody else would invest in them.’

By Emily Douglas
Mercer adds Denver RIA overseeing $465M
RIAS INDUSTRY NEWS JAN 03, 2024
Mercer adds Denver RIA overseeing $465M

Transitions Wealth Management was founded in 1999 by a team of accountants.

By InvestmentNews
Young Americans expect an average $320K inheritance, but how will they use it?
RIAS INDUSTRY NEWS JAN 03, 2024
Young Americans expect an average $320K inheritance, but how will they use it?

Using their windfall for investing and saving is a priority, survey shows.

By Steve Randall