Industry News

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Firm with $1.4B AUM marks milestone 70th deal for Captrust
RIAS INDUSTRY NEWS OCT 31, 2023
Firm with $1.4B AUM marks milestone 70th deal for Captrust

Latest addition is also the seventh for the firm so far in 2023.

By Steve Randall
LPL welcomes $250M team from UBS in Austin, Texas
RIAS INDUSTRY NEWS OCT 31, 2023
LPL welcomes $250M team from UBS in Austin, Texas

New indie wealth firm is named for a local landmark.

By Steve Randall
Central banks are buying up more gold than we thought
RIAS INDUSTRY NEWS OCT 31, 2023
Central banks are buying up more gold than we thought

New data shows 800 tons were acquired in the first nine months of 2023.

By Bloomberg
Are white-knuckle traders a dying breed in macro funds?
INVESTING EQUITIES OCT 31, 2023
Are white-knuckle traders a dying breed in macro funds?

By Bloomberg
KKR aims for $2.5B with second Asia real estate fund
RIAS INDUSTRY NEWS OCT 31, 2023
KKR aims for $2.5B with second Asia real estate fund

New York PE firm sees strong opportunities in Japan, Australia, and Southeast Asia.

By Bloomberg
Advisors not seeing a spending slowdown
RIAS INDUSTRY NEWS OCT 30, 2023
Advisors not seeing a spending slowdown

'If anything, rising interest rates have dramatically increased the income [retirees] are able to generate from their cash and fixed-income investments, which has improved their cash flow,' an advisor says.

By Gregg Greenberg
Former UBS leader becomes new CEO at Advisor Credit Exchange
RIAS INDUSTRY NEWS OCT 30, 2023
Former UBS leader becomes new CEO at Advisor Credit Exchange

Co-founder Peter Stanton remains with the firm as strategic advisor.

By Steve Randall
Schroders Capital launches $30B private debt and credit business
RIAS INDUSTRY NEWS OCT 30, 2023
Schroders Capital launches $30B private debt and credit business

Led by US co-heads, the unit aims to meet investor demand for diverse assets.

By Steve Randall
Fed expected to pause again, key global data ahead
RIAS INDUSTRY NEWS OCT 30, 2023
Fed expected to pause again, key global data ahead

The central bank's FOMC committee is meeting from Tuesday.

By Bloomberg
Jamie Dimon to sell $141M JPMorgan shares
RIAS INDUSTRY NEWS OCT 30, 2023
Jamie Dimon to sell $141M JPMorgan shares

The disposal is for diversification and tax-planning purposes.

By Bloomberg
It’s time to short European bank stocks, say Wall Street strategists
RIAS INDUSTRY NEWS OCT 30, 2023
It’s time to short European bank stocks, say Wall Street strategists

The sector has been performing well but this could be about to change.

By Bloomberg
What will AI do to quants? Here's what $23T investors think
RIAS INDUSTRY NEWS OCT 30, 2023
What will AI do to quants? Here's what $23T investors think

Invesco survey considers the pros and cons of emerging technology.

By Bloomberg
LPL's Arnold eyes 'opportunity' created by Schwab integration of TD
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 27, 2023
LPL's Arnold eyes 'opportunity' created by Schwab integration of TD

LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.

By Bruce Kelly
Deutsche Bank exec warns of growing climate risk
RIAS INDUSTRY NEWS OCT 27, 2023
Deutsche Bank exec warns of growing climate risk

Physical effects of climate change could occur suddenly, and conventional portfolio models often fall short on this issue, CIO says.

By Bloomberg
Fiduciary Trust expands its $94B firm to ‘Wall Street South’
RIAS INDUSTRY NEWS OCT 27, 2023
Fiduciary Trust expands its $94B firm to ‘Wall Street South’

The Franklin Templeton subsidiary says the South Florida market is an important one.

By Steve Randall
Baird adds $160M team to its Dallas wealth management office
RIAS INDUSTRY NEWS OCT 27, 2023
Baird adds $160M team to its Dallas wealth management office

Team of three join the firm’s network of more than 1,300 advisors.

By Steve Randall
With yields above 5%, is it safe to buy bonds again?
RIAS INDUSTRY NEWS OCT 27, 2023
With yields above 5%, is it safe to buy bonds again?

Despite potential of more pain to come, investors may decide the time is right.

By Bloomberg
‘10 Surprises’ strategist Byron Wien dies at 90
RIAS INDUSTRY NEWS OCT 27, 2023
‘10 Surprises’ strategist Byron Wien dies at 90

The influential Wall Street legend was most recently with Blackstone.

By Bloomberg
Most Americans have sidelined their emergency savings this year, Bankrate says
RIAS INDUSTRY NEWS OCT 27, 2023
Most Americans have sidelined their emergency savings this year, Bankrate says

Many people have dipped into their rainy day fund due to the cost of living.

By Steve Randall
‘Impact investing goes deeper than trendy ESG funds’  
RIAS INDUSTRY NEWS OCT 26, 2023
‘Impact investing goes deeper than trendy ESG funds’  

Michael Reynolds, whose Indiana-based RIA specializes in ESG investing, explains how he navigates greenwashing and what advisors can do to market themselves more effectively.

By InvestmentNews