Industry News

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New private fixed-income leaders for SLC Management
ADVISOR NEWS RETIREMENT PLANNING OCT 06, 2023
New private fixed-income leaders for SLC Management

Current leader is to retire from leading the growing PFI team.

By Steve Randall
FTX co-founder admits multibillion-dollar fraud
INVESTING ALTERNATIVES OCT 06, 2023
FTX co-founder admits multibillion-dollar fraud

The crypto exchange collapse is being played out in court.

By Bloomberg
BlackRock fund loses $5B as emerging markets ETFs face churn
RIAS INDUSTRY NEWS OCT 06, 2023
BlackRock fund loses $5B as emerging markets ETFs face churn

Investors are pivoting from broad market funds to country-specific exposure.

By Bloomberg
US jobs report expected to show growth, but is change ahead?
RIAS INDUSTRY NEWS OCT 06, 2023
US jobs report expected to show growth, but is change ahead?

Bloomberg economists predict a sharp hiring slowdown.

By Bloomberg
Goldman's build-your-own ETF hub debuts first funds
INVESTING MUTUAL FUNDS OCT 05, 2023
Goldman's build-your-own ETF hub debuts first funds

Goldman's platform is designed to help institutional clients launch their own ETFs while providing services such as portfolio implementation and capital markets solutions.

By InvestmentNews
FPA launches program to attract members from Ameriprise
ADVISOR NEWS REGULATION AND LEGISLATION OCT 05, 2023
FPA launches program to attract members from Ameriprise

An advocate questions whether the CFP credential's fiduciary obligation can apply in a firm where advisors are dually registered.

By Mark Schoeff Jr.
Team managing $800M joins Arkadios
RIAS INDUSTRY NEWS OCT 05, 2023
Team managing $800M joins Arkadios

The trio, from JPMorgan and Capitol Group, have launched Clover Capital Partners in Atlanta.

By InvestmentNews
David Kowach's &Partners starts hiring advisors
RIAS PRACTICE MANAGEMENT OCT 05, 2023
David Kowach's &Partners starts hiring advisors

The new firm picks up advisors from Edward Jones and Wells Fargo.

By Bruce Kelly
LPL adds California team managing $150 million
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 05, 2023
LPL adds California team managing $150 million

The Sacramento-based firm, Bradford Capital Group, was previously affiliated with Securities America.

By InvestmentNews
UBS nabs two teams from Bernstein Private Wealth
ADVISOR NEWS WIREHOUSES OCT 05, 2023
UBS nabs two teams from Bernstein Private Wealth

The teams, both in Philadelphia, collectively manage $1.7 billion in assets.

By InvestmentNews
Former $200M UBS team joins Snowden Lane Partners
RIAS INDUSTRY NEWS OCT 05, 2023
Former $200M UBS team joins Snowden Lane Partners

The hybrid firm has added $4B in client assets in the past two years.

By Steve Randall
Dollar loses ahead of payroll data, but strategists see gains ahead
RIAS INDUSTRY NEWS OCT 05, 2023
Dollar loses ahead of payroll data, but strategists see gains ahead

Greenback weaker than most of its peers in early trading Thursday.

By Bloomberg
US IPOs buoyed by world's largest sovereign wealth fund
RIAS INDUSTRY NEWS OCT 05, 2023
US IPOs buoyed by world's largest sovereign wealth fund

The IPO market has seen a recent resurgence after poor run.

By Bloomberg
Citi believes China's economy has bottomed out and has boosted forecast
RIAS INDUSTRY NEWS OCT 05, 2023
Citi believes China's economy has bottomed out and has boosted forecast

Its analysts now expect growth of 5% for the world's second largest ecomomy.

By Bloomberg
Goldman says India equities are 'expensive' and advises caution
RIAS INDUSTRY NEWS OCT 05, 2023
Goldman says India equities are 'expensive' and advises caution

The country's elections are next year and valuations are elevated.

By Bloomberg
Courting wealthy individuals isn't all good news for communities
RIAS INDUSTRY NEWS OCT 05, 2023
Courting wealthy individuals isn't all good news for communities

Milan has discovered a key downside to being a mecca for the rich.

By Bloomberg
Employers racing to offload pensions to insurers
ADVISOR NEWS RETIREMENT PLANNING OCT 04, 2023
Employers racing to offload pensions to insurers

The trend is a boon for the insurance business, but there are questions about protections for retirees and workers.

By Emile Hallez
Cetera to offer Avantax advisors slim bonuses to none at all
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 04, 2023
Cetera to offer Avantax advisors slim bonuses to none at all

Meanwhile, Cetera's owner Genstar is reinvesting in the firm.

By Bruce Kelly
Target-date funds: Low fee doesn't equal low risk
ADVISOR NEWS OPINION OCT 04, 2023
Target-date funds: Low fee doesn't equal low risk

Three reasons why passive TDFs aren’t automatically the safer choice for DC plan fiduciaries

By Emily Cao
Parent of Sigma Financial rebrands as Axtella
RIAS INDUSTRY NEWS OCT 04, 2023
Parent of Sigma Financial rebrands as Axtella

The company formerly known as SPS Family also owns Parkland Securities and RIA Sigma Planning.

By InvestmentNews