Industry News

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What next for crypto as FTX founder is jailed?
RIAS INDUSTRY NEWS NOV 03, 2023
What next for crypto as FTX founder is jailed?

Has the fraud eroded trust in digital assets or can the industry rebound?

By Bloomberg
Capital Group says now is the time to buy global stocks
RIAS INDUSTRY NEWS NOV 03, 2023
Capital Group says now is the time to buy global stocks

Fed pause creates a window of opportunity for investors, says $2.3T manager.

By Bloomberg
ESG groups unite on words amid fight against sustainable investing
RIAS INDUSTRY NEWS NOV 02, 2023
ESG groups unite on words amid fight against sustainable investing

A new list of definitions may help clear up confusion around ESG.

By Emile Hallez
Jordan Belfort is back on Wall Street and talking with InvestmentNews
RIAS INDUSTRY NEWS NOV 02, 2023
Jordan Belfort is back on Wall Street and talking with InvestmentNews

The former financial fraudster made famous by Leonardo DiCaprio is now promoting index funds and leading the charge against the 'Wall Street fee machine.'

By Gregg Greenberg
Equities gain as Fed signals potential end to rate hiking
RIAS INDUSTRY NEWS NOV 02, 2023
Equities gain as Fed signals potential end to rate hiking

World markets have reacted to Fed chair Jerome Powell's comments.

By Bloomberg
Gen Z is running out of cash, and that's bad for the economy
RIAS INDUSTRY NEWS NOV 02, 2023
Gen Z is running out of cash, and that's bad for the economy

Poll reveals fewer Americans can cover a $400 emergency expense.

By Bloomberg
Ultra-rich investors are pulling back from $1M+ artworks
RIAS INDUSTRY NEWS NOV 02, 2023
Ultra-rich investors are pulling back from $1M+ artworks

The high-end art market is thinning out according to UBS.

By Bloomberg
Vanguard will shutter China office next year, but it could return
RIAS INDUSTRY NEWS NOV 02, 2023
Vanguard will shutter China office next year, but it could return

The firm says it will monitor the market for further opportunities.

By Bloomberg
World's largest pension fund drops $4.5B in third quarter
RIAS INDUSTRY NEWS NOV 02, 2023
World's largest pension fund drops $4.5B in third quarter

GPIF posted the huge loss due to decline for domestic bonds.

By Bloomberg
Schwab cuts more than 2,000 jobs amid TD integration
RIAS INDUSTRY NEWS NOV 01, 2023
Schwab cuts more than 2,000 jobs amid TD integration

The firm is trying to curb costs as it continues to integrate TD Ameritrade.

By Bloomberg
Alexandra Lebenthal joins Rockefeller
RESOURCES WOMEN ADVISOR COMMUNITY NOV 01, 2023
Alexandra Lebenthal joins Rockefeller

Third-generation Wall Streeter will continue focus on women-led businesses.

By InvestmentNews
Fed signals concern about rise in Treasury yields
RIAS INDUSTRY NEWS NOV 01, 2023
Fed signals concern about rise in Treasury yields

Some officials have said the recent surge in long-term Treasury yields may reduce the need for further rate increases.

By Bloomberg
Choreo acquires $8.1B wealth management unit of accounting firm BDO
RIAS INDUSTRY NEWS NOV 01, 2023
Choreo acquires $8.1B wealth management unit of accounting firm BDO

Thirty-three employees will join Choreo from BDO, including 17 advisors; the deal also adds seven locations to Choreo's network.

By InvestmentNews
Kestra PWS adds two teams with combined $850M AUM  
RIAS INDUSTRY NEWS NOV 01, 2023
Kestra PWS adds two teams with combined $850M AUM  

The firm has expanded its presence in Pennsylvania and Utah.

By Steve Randall
Fed decision day: 'Hawkish' hold expected, Treasuries gain
RIAS INDUSTRY NEWS NOV 01, 2023
Fed decision day: 'Hawkish' hold expected, Treasuries gain

US stock futures down ahead of FOMC announcement Wednesday.

By Bloomberg
Macro hedge funds rebound from disastrous first-half
RIAS INDUSTRY NEWS NOV 01, 2023
Macro hedge funds rebound from disastrous first-half

Macro trades are proving successful for fund managers.

By Bloomberg
'Francs' and beans: The G-10 currency set to sizzle
RIAS INDUSTRY NEWS NOV 01, 2023
'Francs' and beans: The G-10 currency set to sizzle

Swiss currency to outperform peers, says JPMorgan FX chief.

By Bloomberg
More advisors are making the move to RIA, independent models
RIAS INDUSTRY NEWS OCT 31, 2023
More advisors are making the move to RIA, independent models

Cerulli projects the independent and hybrid RIA channels will control nearly one-third of intermediary asset market share by 2027.

By Josh Welsh
Creative Planning adds Mesirow’s retirement plan advisory team
RIAS INDUSTRY NEWS OCT 31, 2023
Creative Planning adds Mesirow’s retirement plan advisory team

The corporate retirement group at Mesirow serves more than 350 plans that have about $13 billion in assets under advisement and management.

By InvestmentNews
State Street shakes up leadership as senior exec announces retirement
RIAS INDUSTRY NEWS OCT 31, 2023
State Street shakes up leadership as senior exec announces retirement

Changes will have a particular impact on the firm’s investment services business.

By Steve Randall