Industry News

Displaying 36735 results
JPMorgan among winners as Latin American wealth flocks to Miami
RIAS PRACTICE MANAGEMENT DEC 19, 2023
JPMorgan among winners as Latin American wealth flocks to Miami

However, Morgan Stanley has been losing clients in city amid Federal Reserve review of its measures to prevent potential money laundering.

By Bloomberg
Savvy Advisors hires former $425M Empower team leader as principal wealth manager
RIAS INDUSTRY NEWS DEC 19, 2023
Savvy Advisors hires former $425M Empower team leader as principal wealth manager

It's the firm's seventh hire in the second half of 2023.

By Steve Randall
BlackRock sued for alleged misleading ESG strategy
RIAS INDUSTRY NEWS DEC 19, 2023
BlackRock sued for alleged misleading ESG strategy

Tennessee lawsuit claims 'a pattern of deception' which the firm rejects.

By Bloomberg
Worst year for M&A since 2013 as deals fail to reach $3T
RIAS INDUSTRY NEWS DEC 19, 2023
Worst year for M&A since 2013 as deals fail to reach $3T

People have been looking for reasons to avoid deals, says Wall Street leader.

By Bloomberg
JPMorgan senior leader changes likely in search for Dimon heir
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 19, 2023
JPMorgan senior leader changes likely in search for Dimon heir

With the clock ticking on the CEO's extended tenure, who might be his successor?

By Bloomberg
Watch out, anti-ESG groups - here comes anti-anti ESG
RIAS INDUSTRY NEWS DEC 18, 2023
Watch out, anti-ESG groups - here comes anti-anti ESG

The latest organization seeking to combat the anti-ESG crowd says it's embarking on a $10 million campaign.

By Emile Hallez
Advisor team leaves Ameriprise for LPL Financial
RIAS INDUSTRY NEWS DEC 18, 2023
Advisor team leaves Ameriprise for LPL Financial

Elsewhere, Raymond James nabs Edward Jones talent.

By InvestmentNews
Snowden Lane opens 15th office as advisor duo launch firm in Florida
RIAS INDUSTRY NEWS DEC 18, 2023
Snowden Lane opens 15th office as advisor duo launch firm in Florida

It's the second Snowden Lane office in the state, topping off a strong growth year.

By Steve Randall
Even as financial firms slim down head count, hiring is growing in one area
RIAS PRACTICE MANAGEMENT DEC 18, 2023
Even as financial firms slim down head count, hiring is growing in one area

Hires reflect the increasingly competitive industry environment.

By Steve Randall
Goldman adds voice to bearish expectations for the dollar
RIAS INDUSTRY NEWS DEC 18, 2023
Goldman adds voice to bearish expectations for the dollar

Analysts now think the greenback will be weaker as Fed eases rates.

By Bloomberg
Could FTX investors finally get some money back?
RIAS INDUSTRY NEWS DEC 18, 2023
Could FTX investors finally get some money back?

The firm has announced its plan to end its bankruptcy.

By Bloomberg
Bank lawyer says he should have spoken up over Cum-Ex tax scandal
RIAS INDUSTRY NEWS DEC 18, 2023
Bank lawyer says he should have spoken up over Cum-Ex tax scandal

Instead the top advisor admitted he failed in his role as an attorney.

By Bloomberg
Private securities investor threshold needs a rethink, warns advisor
INVESTING ALTERNATIVES DEC 15, 2023
Private securities investor threshold needs a rethink, warns advisor

Inflation, retirement savings growth expand pool of sophisticated investors, according to SEC Report.

By Mark Schoeff Jr.
Students failing on fin lit, but advisors can help
RIAS PRACTICE MANAGEMENT DEC 15, 2023
Students failing on fin lit, but advisors can help

While nearly half of all states require financial education courses to be available, there are gaps.

By Emile Hallez
Allworth lands two firms managing $650M
RIAS INDUSTRY NEWS DEC 15, 2023
Allworth lands two firms managing $650M

Both Silicon Valley Wealth Advisors and Hall Private Wealth Advisors are located in California.

By InvestmentNews
'Ponzi-like' private placement mess GPB slides into receivership
INVESTING ALTERNATIVES DEC 15, 2023
'Ponzi-like' private placement mess GPB slides into receivership

GPB's founder was an accountant who couldn't do the firm's accounting.

By Bruce Kelly
Equities heading to fifth weekly gain following Fed comments
INVESTING EQUITIES DEC 15, 2023
Equities heading to fifth weekly gain following Fed comments

Likelihood of a soft landing for the US economy sparked a market frenzy.

By Bloomberg
Citi shuts once-envied muni business
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 15, 2023
Citi shuts once-envied muni business

Wall Street firm says the unit is no longer viable.

By Bloomberg
Key European economy looks set for recession
RIAS INDUSTRY NEWS DEC 15, 2023
Key European economy looks set for recession

Euro zone stats are defying hopes of recovery.

By Bloomberg
China's growth outlook is not looking good
RIAS INDUSTRY NEWS DEC 15, 2023
China's growth outlook is not looking good

Beijing may be forced to increase stimulus for the world's second largest economy.

By Bloomberg