Industry News

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Market disappoints with another loss, no wonder sentiment is weakening
NEWS INDUSTRY NEWS JAN 03, 2025
Market disappoints with another loss, no wonder sentiment is weakening

Despite futures suggesting US indexes would rise, they hit a 5-day losing streak.

Women-focused wealth firms combine to bolster strength in Bay Area
NEWS INDUSTRY NEWS JAN 03, 2025
Women-focused wealth firms combine to bolster strength in Bay Area

Californian based firm announces tie-up with boutique firm.

Treasuries under pressure as economic resilience stalls rally
NEWS INDUSTRY NEWS JAN 03, 2025
Treasuries under pressure as economic resilience stalls rally

10-year yields likely to remain elevated in the near term.

Busy debt market day sees $15B raised by blue-chip firms
NEWS INDUSTRY NEWS JAN 03, 2025
Busy debt market day sees $15B raised by blue-chip firms

Ford, General Motors among those selling debt Thursday.

Trump appoints key Treasury Department leaders
NEWS INDUSTRY NEWS JAN 03, 2025
Trump appoints key Treasury Department leaders

Charles Schwab's granddaughter is among the appointments.

Gold erases gains ahead of US economic data
NEWS INDUSTRY NEWS JAN 03, 2025
Gold erases gains ahead of US economic data

Traders await jobless claims, manufacturing stats Friday.

Morgan Stanley follows Citi, BofA in quitting climate group NZBA
NEWS ESG JAN 02, 2025
Morgan Stanley follows Citi, BofA in quitting climate group NZBA

The Net-Zero Banking Alliance has been rocked by numerous recent defections in the US amid political pressures.

ETF sponsors race to launch the next ‘hot’ crypto products
NEWS ALTERNATIVES JAN 02, 2025
ETF sponsors race to launch the next ‘hot’ crypto products

Fund companies filed late last year with the SEC for a range of ETFs that would further expand exposure to crypto assets.

Verizon, State Street sued over pension-risk transfer to Prudential, RGA
NEWS LIFE INSURANCE AND ANNUITIES JAN 02, 2025
Verizon, State Street sued over pension-risk transfer to Prudential, RGA

A $5.9 billion pension liabilities transfer Verizon made last year to Prudential and RGA is at the center of the latest lawsuit over pension-risk transfers.

Finra panel rules Wells Fargo on hook for $3.4 million in claim over elderly client’s account
NEWS BROKER DEALERS JAN 02, 2025
Finra panel rules Wells Fargo on hook for $3.4 million in claim over elderly client’s account

The firm allegedly missed warning signs linked to stock transfers, one attorney claims.

Advisors share their New Year's resolutions for 2025
NEWS PRACTICE MANAGEMENT JAN 02, 2025
Advisors share their New Year's resolutions for 2025

Advisors want to eat better and exercise more, but they also want to improve their practices.

US stocks set to rebound from weak four days
NEWS INDUSTRY NEWS JAN 02, 2025
US stocks set to rebound from weak four days

Equities should respond to tech stock optimism Thursday.

Women, younger collectors are sculpting a new art investment market
NEWS ALTERNATIVES JAN 02, 2025
Women, younger collectors are sculpting a new art investment market

UBS art advisory expert paints a positive picture of collectibles.

Generation Beta has arrived, planning for their financial future should start now
NEWS INDUSTRY NEWS JAN 02, 2025
Generation Beta has arrived, planning for their financial future should start now

The first American "Beta Babies" are set for very different lives to their parents.

Riskier bonds prove bright spot in lackluster EM assets
NEWS INDUSTRY NEWS JAN 02, 2025
Riskier bonds prove bright spot in lackluster EM assets

Dollar bonds from weak economies shine amid tough year.

Bitcoin slips following record run as investors take profits
NEWS INDUSTRY NEWS JAN 02, 2025
Bitcoin slips following record run as investors take profits

The crypto leader has posted its first monthly drop since the summer.

Two more Wall Street banks quit climate coalition
NEWS INDUSTRY NEWS JAN 02, 2025
Two more Wall Street banks quit climate coalition

Four major US firms have now exited the Net-Zero Banking Alliance.

Turnover at the top
NEWS RIAS JAN 01, 2025
Turnover at the top

2024 saw substantial turnover at the top of the financial advice industry; at least half-a-dozen CEOs were replaced or announced they were leaving

Social Security Fairness Act awaits Biden's approval
NEWS RETIREMENT PLANNING DEC 24, 2024
Social Security Fairness Act awaits Biden's approval

Two long-standing rules "detested" by millions of public-sector workers for the reductions they make to Social Security benefits may soon go away at a cost of $190 billion.

That's a wrap for 2024
NEWS INDUSTRY NEWS DEC 24, 2024
That's a wrap for 2024

A few things that stand out in a unique and pivotal year are the fast pace of dealmaking, the rise of active ETFs, and a few regulations that are hitting a brick wall.