Industry News

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LPL recruits $260 million group focusing on 403(b) plans
ADVISOR NEWS RETIREMENT PLANNING SEP 25, 2023
LPL recruits $260 million group focusing on 403(b) plans

The diverse practice in Albuquerque, New Mexico, is led by financial advisor Angelo Burns.

By Bruce Kelly
Vanguard plans first new actively managed ETFs in two years
INVESTING MUTUAL FUNDS SEP 25, 2023
Vanguard plans first new actively managed ETFs in two years

Both new products would focus on the fixed-income market.

By Bloomberg
Planning for retirement? Here’s what you should know
ADVISOR NEWS RETIREMENT PLANNING SEP 25, 2023
Planning for retirement? Here’s what you should know

Advisors gives retirement advice ahead of RIA LABS webinar.

By Josh Welsh
Nominations for Best Places to Work end Friday
RIAS INDUSTRY NEWS SEP 25, 2023
Nominations for Best Places to Work end Friday

Now in their seventh year, the awards highlight winning workplace cultures.

By InvestmentNews
Future Proof plants its flag in the advisor industry event circuit
RIAS INDUSTRY NEWS SEP 25, 2023
Future Proof plants its flag in the advisor industry event circuit

In its second year, the beachside conference attracted almost 3,000 attendees, nearly double last year’s attendance.

By Ryan W. Neal
Americans’ financial Independence Day takes decades, NCSU study reveals
RIAS INDUSTRY NEWS SEP 25, 2023
Americans’ financial Independence Day takes decades, NCSU study reveals

Millions of Americans will be relying on mom and dad for material support well into adulthood.

By Steve Randall
NFP acquires Divergent Wealth Advisors
RIAS INDUSTRY NEWS SEP 25, 2023
NFP acquires Divergent Wealth Advisors

$675 million team headed by ex-Morgan Stanley alumni helps firm build presence in the West.

By Matthew Sellers
Wells Fargo attracting advisors to fast-growing indie channel
ADVISOR NEWS WIREHOUSES SEP 25, 2023
Wells Fargo attracting advisors to fast-growing indie channel

The Wall Street firm wants a bigger slice of the wealth management pie.

By Bloomberg
Are US consumer stocks facing shocks?
RIAS INDUSTRY NEWS SEP 25, 2023
Are US consumer stocks facing shocks?

Morgan Stanley's prominent equity bear says consumer spending will ease.

By Bloomberg
Oil price surge is bad news for EMs
RIAS INDUSTRY NEWS SEP 25, 2023
Oil price surge is bad news for EMs

The rise in prices may scupper outlooks of emerging market bulls.

By Bloomberg
What's happening in the gold markets right now?
RIAS INDUSTRY NEWS SEP 25, 2023
What's happening in the gold markets right now?

Unraveling of the relationship between gold and real interest rates could be a paradigm shift for the precious metal.

By Bloomberg
JPMorgan sees up to $150B inflows to India
RIAS INDUSTRY NEWS SEP 25, 2023
JPMorgan sees up to $150B inflows to India

India's fast-rising GDP among the attributes that make it so attractive.

By Bloomberg
The puzzle posed by annuities
ADVISOR NEWS RETIREMENT PLANNING SEP 25, 2023
The puzzle posed by annuities

Perhaps the lack of demand among clients is a function of a lack of understanding of annuities among advisors.

By InvestmentNews
TIAA hires six new leaders for wealth management team
ADVISOR NEWS RETIREMENT PLANNING SEP 22, 2023
TIAA hires six new leaders for wealth management team

The executives, all of whom are joining from other firms, will complement TIAA's current staff 'to help clients prepare for retirement and reach their financial goals,' an executive says.

By Ryan W. Neal
Climate Week's biggest news wasn't part of Climate Week
RIAS INDUSTRY NEWS SEP 22, 2023
Climate Week's biggest news wasn't part of Climate Week

Major regulations and legislation made headlines, and big asset managers faced protests over fossil fuels.

By Emile Hallez
SEC penalizes small Wisconsin B-D $50,000 over Reg BI faults
ADVISOR NEWS REGULATION AND LEGISLATION SEP 22, 2023
SEC penalizes small Wisconsin B-D $50,000 over Reg BI faults

Carl M. Hennig Inc. has 10 registered reps and about $1.3 billion in client assets.

By Bruce Kelly
Wells Fargo names Tom Nides vice chairman
RIAS PRACTICE MANAGEMENT SEP 22, 2023
Wells Fargo names Tom Nides vice chairman

Nides, former U.S. ambassador to Israel, has moved back and forth between Washington and Wall Street for years, including two stints at Morgan Stanley.

By Bloomberg
JPMorgan Private Bank hires $2B high-net-worth advisor team from rival
RIAS INDUSTRY NEWS SEP 22, 2023
JPMorgan Private Bank hires $2B high-net-worth advisor team from rival

Three advisors boost the firm's reach in the Pacific Northwest.

By Steve Randall
Home-flipping profits increased in the second quarter
RIAS INDUSTRY NEWS SEP 22, 2023
Home-flipping profits increased in the second quarter

But we are a long way from the peaks hit in 2021, and will the trend stick?

By Steve Randall
Hedge fund billionaire accused of hiding assets during divorce
RIAS INDUSTRY NEWS SEP 22, 2023
Hedge fund billionaire accused of hiding assets during divorce

Lawsuit alleges John Paulson used a sham home sale to gain $10M from family trust.

By Bloomberg