Industry News

Displaying 36735 results
JPMorgan reports another quarter of record net interest income
RIAS INDUSTRY NEWS OCT 13, 2023
JPMorgan reports another quarter of record net interest income

With a boost from higher interest rates and its purchase of First Republic Bank, the firm raised its forecast for the year.

By Bloomberg
Celebrated $1.9B wirehouse team launches independent RIA firm
RIAS INDUSTRY NEWS OCT 13, 2023
Celebrated $1.9B wirehouse team launches independent RIA firm

The team comprises three advisors with history of industry recognition.

By Steve Randall
US equities can avoid drop if bond yields stay below 5%, says BofA
RIAS INDUSTRY NEWS OCT 13, 2023
US equities can avoid drop if bond yields stay below 5%, says BofA

Strategist Michael Hartnett continues his bearish outlook for stocks.

By Bloomberg
Bank earnings season begins but will investors be convinced?
RIAS INDUSTRY NEWS OCT 13, 2023
Bank earnings season begins but will investors be convinced?

Even strong results may not be enough to clam fears.

By Bloomberg
Sharp rise for oil as Middle East tension escalates
RIAS INDUSTRY NEWS OCT 13, 2023
Sharp rise for oil as Middle East tension escalates

WTI up 3% this week amid trading volatility.

By Bloomberg
How the other half live: Bezos buys neighbor's $79M mansion
RIAS INDUSTRY NEWS OCT 13, 2023
How the other half live: Bezos buys neighbor's $79M mansion

Amazon chief gets a 7% discount on 'Billionaire's Bunker' home.

By Bloomberg
RIA M&A surges back in the third quarter: Report
RIAS INDUSTRY NEWS OCT 12, 2023
RIA M&A surges back in the third quarter: Report

The marketplace for registered investment advisors saw 'a rebound to levels of deal activity not seen since early 2022,' according to Echelon Partners.

By Bruce Kelly
Allworth Financial names new CEO
RIAS INDUSTRY NEWS OCT 12, 2023
Allworth Financial names new CEO

John Bunch’s resume includes stints at Edelman Financial Engines, The Mutual Fund Store, TD Ameritrade and Charles Schwab.

By InvestmentNews
Goldman exec cites 'circular economy' stocks as way to duck hedge fund ESG attacks
RIAS INDUSTRY NEWS OCT 12, 2023
Goldman exec cites 'circular economy' stocks as way to duck hedge fund ESG attacks

Investors are looking beyond conventional renewables as profit margins get battered by inflation and supply chain bottlenecks.

By Bloomberg
Be named one of the industry’s Top Advisors
RIAS INDUSTRY NEWS OCT 12, 2023
Be named one of the industry’s Top Advisors

Don’t miss the chance to be part of InvestmentNews’ first-ever showcase of Top Advisors.

By InvestmentNews
Steward Partners picks up $170M team in Florida from Hightower
RIAS INDUSTRY NEWS OCT 12, 2023
Steward Partners picks up $170M team in Florida from Hightower

It's the first team to join the firm’s RIA-only IAR offering.

By Steve Randall
Encouraging more Hispanic advisors: Insights from a $1B firm founder
RIAS INDUSTRY NEWS OCT 12, 2023
Encouraging more Hispanic advisors: Insights from a $1B firm founder

What can the investment and wealth management industry do to boost diversity?

By Steve Randall
Wall Street signals profit slump may be over, boosts forecasts
RIAS INDUSTRY NEWS OCT 12, 2023
Wall Street signals profit slump may be over, boosts forecasts

Easing inflation is driving expectation of positive earnings.

By Bloomberg
Fed's Collins says rates may have peaked or are close
RIAS INDUSTRY NEWS OCT 12, 2023
Fed's Collins says rates may have peaked or are close

But that does not completely rule out further rate hikes.

By Bloomberg
SEC commissioner sounds alarm on syndicated loans risk
RIAS INDUSTRY NEWS OCT 12, 2023
SEC commissioner sounds alarm on syndicated loans risk

The investments could pose a risk to the wider financial system, Caroline Crenshaw warns.

By Bloomberg
Still no end to banking deals drought, says Barclays
RIAS INDUSTRY NEWS OCT 12, 2023
Still no end to banking deals drought, says Barclays

It's one of the factors weakening industry's earnings outlook.

By Bloomberg
Hillhouse pitches $1B Asia private credit fund to investors
RIAS INDUSTRY NEWS OCT 12, 2023
Hillhouse pitches $1B Asia private credit fund to investors

The private credit market in the region is small but growing.

By Bloomberg
Cetera affiliate Totus Wealth Management adds $327M team
RIAS INDUSTRY NEWS OCT 11, 2023
Cetera affiliate Totus Wealth Management adds $327M team

The advisors come from MML Investors Services and Capstone Financial.

By Steve Randall
How can advisors better serve America's youngest adults?
RIAS INDUSTRY NEWS OCT 11, 2023
How can advisors better serve America's youngest adults?

Edward Jones study finds those aged 18-34 are struggling but optimistic.

By Steve Randall
BMO Capital Markets announces new CEO as Dan Barclay retires
RIAS INDUSTRY NEWS OCT 11, 2023
BMO Capital Markets announces new CEO as Dan Barclay retires

The group will have a new leader at the start of next month.

By Steve Randall