Industry News

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Have bond traders underestimated the economy? Jobs data will tell
RIAS INDUSTRY NEWS DEC 08, 2023
Have bond traders underestimated the economy? Jobs data will tell

If Friday’s labor market report is more positive than expected, Fed rates doubts may rise.

By Bloomberg
Why Blackstone is going deep into data centers with $7B deal
RIAS INDUSTRY NEWS DEC 08, 2023
Why Blackstone is going deep into data centers with $7B deal

Emerging tech needs specialist centers and the alt asset manager sees a ‘once in a lifetime’ opportunity.

By Bloomberg
Altruist helps advisors connect their tech with several powerful new integrations
RIAS FINTECH DEC 08, 2023
Altruist helps advisors connect their tech with several powerful new integrations

The aim is to make critical workflows simpler and streamlined.

By Steve Randall
Yen deemed ‘too tricky to trade’ with more swings ahead
RIAS INDUSTRY NEWS DEC 08, 2023
Yen deemed ‘too tricky to trade’ with more swings ahead

Japanese currency is not a trade for the fainthearted right now.

By Bloomberg
Criticism of Blackstone mortgage REIT shows 'froth' draining from market
INVESTING ALTERNATIVES DEC 07, 2023
Criticism of Blackstone mortgage REIT shows 'froth' draining from market

Financial advisors often recommend REITs as a way to generate income in retirement.

By Bruce Kelly
Firm founder cites industry’s treatment of women
RIAS INDUSTRY NEWS DEC 07, 2023
Firm founder cites industry’s treatment of women

'I watched men get the advantage in so many ways,' Cathy Curtis says. 'And I got really tired of that myself.'

By InvestmentNews
Merit acquires fellow Georgia-based firm managing $300M
RIAS INDUSTRY NEWS DEC 07, 2023
Merit acquires fellow Georgia-based firm managing $300M

ClearBridge Wealth provides investment management and financial planning.

By Josh Welsh
There's a generational divide in managing rising concern about financial future
RIAS PRACTICE MANAGEMENT DEC 07, 2023
There's a generational divide in managing rising concern about financial future

Envestnet survey reveals need for blend of technology and human advisor insights.

By Steve Randall
Ray Dalio says green finance has to be profitable
RIAS INDUSTRY NEWS DEC 07, 2023
Ray Dalio says green finance has to be profitable

Veteran hedge fund investors tells COP28 delegates that private capital demands returns.

By Bloomberg
Sovereign bond issuers lack climate ambition, says $5B investor group
RIAS INDUSTRY NEWS DEC 07, 2023
Sovereign bond issuers lack climate ambition, says $5B investor group

Alliance says US and Canada among nations falling short on climate finance.

By Bloomberg
Elon Musk's SpaceX valued at $175B in potential tender offer
RIAS INDUSTRY NEWS DEC 07, 2023
Elon Musk's SpaceX valued at $175B in potential tender offer

Sources say the firm is considering selling insider shares for $95.

By Bloomberg
RIAs are hiring, but most are also investing in existing staff, Schwab finds
RIAS INDUSTRY NEWS DEC 07, 2023
RIAs are hiring, but most are also investing in existing staff, Schwab finds

Three-quarters of RIAs surveyed now offer remote work arrangements, and professional development is increasingly cited as a top initiative.

By Emile Hallez
Mercer announces two deals in as many days
RIAS INDUSTRY NEWS DEC 06, 2023
Mercer announces two deals in as many days

RIA aggregator acquired $495M Paragon Wealth Strategies and $95M Brighton Financial Planning.

By InvestmentNews
Last call for votes: 5-Star Fund Providers and 5-Star Research Platforms
RIAS INDUSTRY NEWS DEC 06, 2023
Last call for votes: 5-Star Fund Providers and 5-Star Research Platforms

InvestmentNews’ inaugural 5-Star Fund Providers and 5-Star Research Platforms is closing this Friday.

By InvestmentNews
Prepare for continued volatility in 2024, says State Street Global Advisors
RIAS INDUSTRY NEWS DEC 06, 2023
Prepare for continued volatility in 2024, says State Street Global Advisors

Market uncertainty and a fragile US economy among some of the challenges ahead.

By Steve Randall
Could Europe lead global rate cutting in 2024?
RIAS INDUSTRY NEWS DEC 06, 2023
Could Europe lead global rate cutting in 2024?

Investors are betting that the ECB may be an early mover.

By Bloomberg
Wells Fargo's indy group, FiNet, bumps up fee for big advisors
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 05, 2023
Wells Fargo's indy group, FiNet, bumps up fee for big advisors

What's not clear is how many FiNet advisors will feel the sting of the fee increase.

By Bruce Kelly
Donor-advised funds underpin growth in charitable giving
RIAS PRACTICE MANAGEMENT DEC 05, 2023
Donor-advised funds underpin growth in charitable giving

Schwab Charitable reported its donors increased their giving by 8%, or nearly $350 million, to more than $5 billion in its fiscal year 2023.

By Gregg Greenberg
Cap on Wells Fargo assets will cause pain eventually, Scharf says
ADVISOR NEWS WIREHOUSES DEC 05, 2023
Cap on Wells Fargo assets will cause pain eventually, Scharf says

The bank has been hobbled by the Fed order limiting its size for more than five years — longer than Scharf's tenure as CEO.

By Bloomberg
UBS is latest firm OK'd by NFL players union
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 05, 2023
UBS is latest firm OK'd by NFL players union

More than two decades old, the NFLPA's registered player financial advisor program for years was limited to individual financial advisors.

By Bruce Kelly