Industry News

Displaying 36735 results
BofA strategist boosts S&P 500 target to 4,600
RIAS INDUSTRY NEWS SEP 20, 2023
BofA strategist boosts S&P 500 target to 4,600

Year-end gain would be around 3.5% from Tuesday close.

By Bloomberg
How options traders are prepping for 'higher for longer' rates
RIAS INDUSTRY NEWS SEP 20, 2023
How options traders are prepping for 'higher for longer' rates

Traders are seeking protection from higher rates ahead of the Fed's latest decision.

By Bloomberg
Japan could intervene to protect yen if Fed hikes
RIAS INDUSTRY NEWS SEP 20, 2023
Japan could intervene to protect yen if Fed hikes

But Janet Yellen says it should not aim to impact exchange rate.

By Bloomberg
Carlyle takes stake in Captrust
RIAS INDUSTRY NEWS SEP 19, 2023
Carlyle takes stake in Captrust

After GTCR's 2020 deal for a portion of the RIA, additional private equity money will help the firm continue its buying streak.

By Emile Hallez
Debt-financed M&A may push firms to shed assets: Tibergien
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 19, 2023
Debt-financed M&A may push firms to shed assets: Tibergien

Following Cetera's announcement that it was going to buy Avantax, two ratings agencies put the debt of Cetera's parent, Aretec Group Inc., on review.

By Bruce Kelly
Wells Fargo advisor managing $175M jumps to LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 19, 2023
Wells Fargo advisor managing $175M jumps to LPL

Aaron Cizon is launching Cizon Group Wealth Management in Greenville, South Carolina.

By InvestmentNews
Carson Group's Jamie Hopkins joining Bryn Mawr Trust
RIAS INDUSTRY NEWS SEP 19, 2023
Carson Group's Jamie Hopkins joining Bryn Mawr Trust

‘My personal mission is to enhance the financial security of Americans,’ says Hopkins, who will serve as the firm's director of private wealth management.

By InvestmentNews
'Financial vortex' threatens undersaved workers, Goldman says
ADVISOR NEWS RETIREMENT PLANNING SEP 19, 2023
'Financial vortex' threatens undersaved workers, Goldman says

Report shows financial challenges could reduce US workers' retirement savings by up to 37% over the coming years.

By Gregg Greenberg
Direct indexing name needs a makeover, report finds
INVESTING EQUITIES SEP 19, 2023
Direct indexing name needs a makeover, report finds

Hearts & Wallets study highlights confusion around the term and the customization strategy.

By Josh Welsh
Mesirow adds $1.2B firm to wealth management offering
RIAS INDUSTRY NEWS SEP 19, 2023
Mesirow adds $1.2B firm to wealth management offering

New addition is an employee-owned firm based in Chicago.

By Steve Randall
JPMorgan shares why advisors should serve needs of diverse investors
ADVISOR NEWS RETIREMENT PLANNING SEP 19, 2023
JPMorgan shares why advisors should serve needs of diverse investors

Black and Hispanic women are gaining confidence in their investing knowledge.

By Steve Randall
Why rising oil prices are not what the Fed needs right now
RIAS INDUSTRY NEWS SEP 19, 2023
Why rising oil prices are not what the Fed needs right now

Despite expectation for a hold-steady by the Fed this week, higher energy costs could derail soft-landing

By Bloomberg
Global economy to slow says OECD
RIAS INDUSTRY NEWS SEP 19, 2023
Global economy to slow says OECD

The impact of higher interest rates is impacting growth.

By Bloomberg
UBS to set out US growth plan, but not until early 2024
ADVISOR NEWS WIREHOUSES SEP 19, 2023
UBS to set out US growth plan, but not until early 2024

Diversified revenue streams and Credit Suisse integration are key components.

By Bloomberg
High-yield debt issuance to accelerate, says BlackRock
INVESTING FIXED INCOME SEP 19, 2023
High-yield debt issuance to accelerate, says BlackRock

Global issuance for leveraged loans and high-yield bonds jumped to over $40 billion this month.

By Bloomberg
Citigroup launches digital token service
INVESTING ALTERNATIVES SEP 19, 2023
Citigroup launches digital token service

The firm is widening its digital assets offering to institutional investors.

By Bloomberg
Morgan Stanley sued for $750M by private equity firms claiming fraud
ADVISOR NEWS WIREHOUSES SEP 18, 2023
Morgan Stanley sued for $750M by private equity firms claiming fraud

The disputed deal involved a loan to Miami-based Brightline Holdings, which is developing a high-speed rail line between Los Angeles and Las Vegas.

By Bloomberg
LPL adds $1.2 billion pair from Morgan Stanley
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 18, 2023
LPL adds $1.2 billion pair from Morgan Stanley

The California-based father-son team cite LPL’s resources for serving high-net-worth clients.

By InvestmentNews
Commonwealth adds Avantax team overseeing $223M
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 18, 2023
Commonwealth adds Avantax team overseeing $223M

Waukesha, Wisconsin-based R&R Wealth aims to reach $1 billion in assets in next four years.

By InvestmentNews
Advisory team leaves Wells Fargo for Raymond James
RIAS INDUSTRY NEWS SEP 18, 2023
Advisory team leaves Wells Fargo for Raymond James

Team managed more than $170 million and say move will fuel their business.

By Josh Welsh