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AmeriFlex CEO says more advisors seeking support, pushing AUA to new record
NEWS INDUSTRY NEWS JAN 08, 2025
AmeriFlex CEO says more advisors seeking support, pushing AUA to new record

The firm's advisors now manage more than $14B after record-breaking year.

Equities, Treasuries sell-off pauses as traders take stock
NEWS INDUSTRY NEWS JAN 08, 2025
Equities, Treasuries sell-off pauses as traders take stock

Fed cuts may not come for a while but investors may have overreacted.

Stock market could fall further as bond yields rise
NEWS INDUSTRY NEWS JAN 08, 2025
Stock market could fall further as bond yields rise

Goldman Sachs strategists weigh potential for decline.

Citi Wealth says 5% Treasuries would be appealing
NEWS INDUSTRY NEWS JAN 08, 2025
Citi Wealth says 5% Treasuries would be appealing

Economist sees rising yields but base case is below 5%.

Wall Street banks no longer face risk from Texas
NEWS INDUSTRY NEWS JAN 08, 2025
Wall Street banks no longer face risk from Texas

Pulling out of the NZBA means the threat has been withdrawn.

Canadian bank TD mulls fate of Schwab stake in wake of money-laundering scandal
NEWS INDUSTRY NEWS JAN 07, 2025
Canadian bank TD mulls fate of Schwab stake in wake of money-laundering scandal

Incoming CEO says its continued investment hinges on strategic review, though the firm won't abandon its broader US franchise.

Envestnet's Anur reprises COO role at rival fintech Orion
NEWS FINTECH JAN 07, 2025
Envestnet's Anur reprises COO role at rival fintech Orion

The wealth tech veteran brings "deep industry experience and a proven track record" to the new C-suite position at Orion.

JPMorgan Chase adds to US defection from Net-Zero Banking Alliance
NEWS ESG JAN 07, 2025
JPMorgan Chase adds to US defection from Net-Zero Banking Alliance

Six US banks have exited the UN-convened Net-Zero Banking Alliance since December, ahead of President-elect Donald Trump regaining office.

Carson Group cements advisor commitment with $1B Iowa firm acquisition
NEWS RIAS JAN 07, 2025
Carson Group cements advisor commitment with $1B Iowa firm acquisition

The leading RIA's latest move in Cedar Rapids extends longstanding partnership while supporting veteran leader's longer-term succession planning.

EP Wealth makes Midwestern splash with $1.6B Executive Wealth Management
NEWS RIAS JAN 07, 2025
EP Wealth makes Midwestern splash with $1.6B Executive Wealth Management

The PE-backed RIA's inaugural deal in Michigan also vaults it past a key asset milestone.

Senior executive at B. Riley’s RIA latest to bolt
NEWS RIAS JAN 07, 2025
Senior executive at B. Riley’s RIA latest to bolt

“Could he eventually convince more B. Riley advisors to move elsewhere?” one executive asked.

Northwestern Mutual makes private-credit push with Sixth Street partnership
NEWS ALTERNATIVES JAN 07, 2025
Northwestern Mutual makes private-credit push with Sixth Street partnership

The strategic alliance will see $13 billion of assets deployed by the alternatives giant into the growing universe of asset-backed lending.

PE-backed Merit seals deal for $773M Zimmermann Investment Management
NEWS RIAS JAN 07, 2025
PE-backed Merit seals deal for $773M Zimmermann Investment Management

Acquisition of veteran-led practice gives the national RIA with $11.84 billion in assets its fourth office location in Pennsylvania.

$70B Mercer Advisors starts off 2025 with bicoastal additions
NEWS RIAS JAN 07, 2025
$70B Mercer Advisors starts off 2025 with bicoastal additions

The top-ranked RIA firm is simultaneously growing its reach in Oregon and Georgia by welcoming three separate advisory practices.

Next-gen leadership as $750M wealth firm transitions to 100% employee owned
NEWS INDUSTRY NEWS JAN 07, 2025
Next-gen leadership as $750M wealth firm transitions to 100% employee owned

Founder's son becomes CEO of firm with 40 year history.

Weiss to lead family wealth at KeyBank's multi-family office business
NEWS INDUSTRY NEWS JAN 07, 2025
Weiss to lead family wealth at KeyBank's multi-family office business

Former JPMorgan leader joins amid strong growth for the unit.

Currency options trading jumps with politics in focus
NEWS INDUSTRY NEWS JAN 07, 2025
Currency options trading jumps with politics in focus

The year ahead may see stronger volumes.

Tariffs, strikes threaten to spike costs for US imports
NEWS INDUSTRY NEWS JAN 07, 2025
Tariffs, strikes threaten to spike costs for US imports

Shipping costs facing pressure from uncertain outlook.

Gold rebounds amid weak dollar, haven seeking
NEWS INDUSTRY NEWS JAN 07, 2025
Gold rebounds amid weak dollar, haven seeking

Positive trajectory expected despite recent outlook moderation.

Asset manager chief considers Canada PM role
NEWS INDUSTRY NEWS JAN 07, 2025
Asset manager chief considers Canada PM role

Former central bank governor could run to replace Trudeau.