Industry News

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Hightower announces layoffs after summer of deals
RIAS INDUSTRY NEWS OCT 04, 2023
Hightower announces layoffs after summer of deals

The cutbacks affecting roughly 5% of its employees are aimed at ensuring the long-term success of its business, Hightower says.

By Gregg Greenberg
Independent alpha: Making the breakaway math add up
ADVISOR NEWS OPINION OCT 04, 2023
Independent alpha: Making the breakaway math add up

Advisors who make the move to independence are forgoing massive recruitment bonuses. How can they justify this leap?

By Louis Diamond
Veritable, Empower advisors join Savvy Advisors as principal wealth managers
RIAS INDUSTRY NEWS OCT 04, 2023
Veritable, Empower advisors join Savvy Advisors as principal wealth managers

The duo have partnered with the digital-first platform in the Philadelphia area.

By Steve Randall
Millions of Americans face a retirement income shortfall, Vanguard research warns
ADVISOR NEWS RETIREMENT PLANNING OCT 04, 2023
Millions of Americans face a retirement income shortfall, Vanguard research warns

The gap between need and ability is highlighted in inaugural report.

By Steve Randall
BofA report reveals easing of wealthy households' charitable giving
RIAS INDUSTRY NEWS OCT 04, 2023
BofA report reveals easing of wealthy households' charitable giving

Fewer affluent US households donated and the amounts were smaller.

By Bloomberg
Bankers, investors plan return to COP climate conference
RIAS INDUSTRY NEWS OCT 04, 2023
Bankers, investors plan return to COP climate conference

This year's event in Dubai offers a chance for the industry to set out plans to finance green transition.

By Bloomberg
House bill to double HSA limits slammed as perk for wealthy
ADVISOR NEWS RETIREMENT PLANNING OCT 03, 2023
House bill to double HSA limits slammed as perk for wealthy

Opponents say the legislation would do little to help most people.

By Emile Hallez
Go big or go boutique?
ADVISOR NEWS OPINION OCT 03, 2023
Go big or go boutique?

Here are questions financial advisors should consider before making a move.

By Tarah Williams
Creative Planning picks up $1 billion Pennsylvania RIA
RIAS INDUSTRY NEWS OCT 03, 2023
Creative Planning picks up $1 billion Pennsylvania RIA

Kistler-Tiffany Advisors has been working with clients for nearly 50 years.

By Bruce Kelly
Edelman buys $425M Oklahoma City RIA
RIAS INDUSTRY NEWS OCT 03, 2023
Edelman buys $425M Oklahoma City RIA

Align Wealth Management, founded in 1994, also has an office in St. Petersburg, Florida.

By InvestmentNews
Boom in new ETFs defies saturation warnings
INVESTING MUTUAL FUNDS OCT 03, 2023
Boom in new ETFs defies saturation warnings

'Is this the year of the bond ETF? Certainly flows seem to be shouting that from the rooftops,' says VettaFi's Lara Crigger.

By Bloomberg
Nominations for Top Advisors 2024 now open
RIAS INDUSTRY NEWS OCT 03, 2023
Nominations for Top Advisors 2024 now open

InvestmentNews begins its inaugural search for the Top Advisors in the industry.

By InvestmentNews
Sanctuary Wealth hires ex-Morgan Stanley MD to recruit East Coast advisors
RIAS INDUSTRY NEWS OCT 03, 2023
Sanctuary Wealth hires ex-Morgan Stanley MD to recruit East Coast advisors

Industry veteran will focus on attracting elite wirehouse breakaways.

By Steve Randall
There could be another rate hike coming, says Cleveland Fed
RIAS INDUSTRY NEWS OCT 03, 2023
There could be another rate hike coming, says Cleveland Fed

One more increase may be required before year-end.

By Bloomberg
Goldman is latest Wall Street firm to flag rates impact on stocks
RIAS INDUSTRY NEWS OCT 03, 2023
Goldman is latest Wall Street firm to flag rates impact on stocks

Morgan Stanley and JPMorgan have also raised concerns.

By Bloomberg
Family office haven seizes $2B in money laundering probe
RIAS INDUSTRY NEWS OCT 03, 2023
Family office haven seizes $2B in money laundering probe

Singapore may tighten rules on foreign investors.

By Bloomberg
Bitcoin slips from 6-week peak after bond yields jump
RIAS INDUSTRY NEWS OCT 03, 2023
Bitcoin slips from 6-week peak after bond yields jump

By Bloomberg
Luxury watch investors favor Cartier over Rolex
RIAS INDUSTRY NEWS OCT 03, 2023
Luxury watch investors favor Cartier over Rolex

Investors are wary of overpricing in secondary markets.

By Bloomberg
Advisors increasingly rely on home office models, survey says
RIAS INDUSTRY NEWS OCT 02, 2023
Advisors increasingly rely on home office models, survey says

With more allocation tools at their disposals, advisors are focusing on planning and growing their businesses, Fuse finds.

By Emile Hallez
Massachusetts, Finra fine Fidelity $1.65 million, alleging lax standards for options trading
INVESTING ALTERNATIVES OCT 02, 2023
Massachusetts, Finra fine Fidelity $1.65 million, alleging lax standards for options trading

Galvin cites Fidelity's “half-hearted and lackadaisical attitude” on approving clients to trade risky securities.

By Bruce Kelly