RIA News

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What the GOP's MAGA account pitch means for young kids' parents
RIA NEWS MAY 19, 2025
What the GOP's MAGA account pitch means for young kids' parents

Plan would seed accounts with $1,000 for children born between 2025 and 2028, with potential for tax-free investment growth.

By Leo Almazora
CFO exits B. Riley after beleaguered firm's latest missed deadline
INDEPENDENT BROKER DEALERS MAY 19, 2025
CFO exits B. Riley after beleaguered firm's latest missed deadline

The incoming executive, whose career includes a stint at Wells Fargo Advisors, comes with significant experience in staging corporate turnarounds.

By Leo Almazora
SEC looks to revisit private fund investment rules
ALTERNATIVES MAY 19, 2025
SEC looks to revisit private fund investment rules

The agency's new chairman Paul Atkins says "common-sense" review of 23-year-old restrictions could unlock the $31 trillion industry to more investors.

By Bloomberg
Commerce chief Howard Lutnick divesting ownership in Cantor Fitzgerald
RIA NEWS MAY 19, 2025
Commerce chief Howard Lutnick divesting ownership in Cantor Fitzgerald

Lutnick's exit from affiliated firms includes $361 million in stock sales and a family trust handoff.

By Leo Almazora
S&P 500 slumps as Moody's US downgrade sinks in
EQUITIES MAY 19, 2025
S&P 500 slumps as Moody's US downgrade sinks in

A Friday evening markdown by the Big Four credit rating agency is compounding risks from tariff threats and long-simmering fiscal issues.

By Bloomberg
$23B RIA Summit Trail taps Jeff Ringdahl for president and COO role
RIA NEWS MAY 19, 2025
$23B RIA Summit Trail taps Jeff Ringdahl for president and COO role

Veteran leader from Resolute Investment Managers breathes new life into the New York-based Dynasty Financial Partner firm's leadership.

By Leo Almazora
Trump tax legislation gets green light to proceed to vote
RIA NEWS MAY 19, 2025
Trump tax legislation gets green light to proceed to vote

Rare Sunday night panel meeting agrees to proceed.

By Steve Randall
Citigroup M&A target stocks surge
RIA NEWS MAY 19, 2025
Citigroup M&A target stocks surge

Wall Street anticipates surge in dealmaking.

By Bloomberg
Wall Street banks are seeing strong EM returns again
RIA NEWS MAY 19, 2025
Wall Street banks are seeing strong EM returns again

Big hitters believe the tide is turning at last.

By Bloomberg
Nvidia says its new products will keep it leading AI race
RIA NEWS MAY 19, 2025
Nvidia says its new products will keep it leading AI race

Chipmaker's CEO hails faster, better-performing technologies.

By Bloomberg
New challenges ahead as Moody’s downgrades US credit rating after 108 years
RIA NEWS MAY 19, 2025
New challenges ahead as Moody’s downgrades US credit rating after 108 years

Rising levels of government debt have concerned ratings firm.

By Steve Randall
Carry trades are back as tariff tensions ease, says Barclays
RIA NEWS MAY 19, 2025
Carry trades are back as tariff tensions ease, says Barclays

Near-term rebound could be ahead according to strategists.

By Bloomberg
Despite economic pressures, Americans aren't giving up their summer vacation plans
RIA NEWS MAY 16, 2025
Despite economic pressures, Americans aren't giving up their summer vacation plans

Survey finds vacation confidence at an all-time high, defying budgetary constraints and ongoing inflation in travel costs.

By Leo Almazora
Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene
FINTECH MAY 16, 2025
Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene

The newest advisor-focused AI notetaker arrives with a low-price pitch for enterprises – but is it too little, too late to gain market share?

By Leo Almazora
Crypto, collectibles, and lending should count in outside business oversight, NASAA tells Finra
REGULATION AND LEGISLATION MAY 16, 2025
Crypto, collectibles, and lending should count in outside business oversight, NASAA tells Finra

State regulators coalition urge additions to proposed rule change, including activities at unaffiliated investment advisers and stricter recordkeeping.

By Leo Almazora
Seeking success from succession with Josh Gerry
RIA NEWS MAY 16, 2025
Seeking success from succession with Josh Gerry

VestGen's CEO explains why his new venture will flourish in a crowded, crazy market.

By Gregg Greenberg
Trump tax bill fails in House panel as divided GOP fails to make a deal
RIA NEWS MAY 16, 2025
Trump tax bill fails in House panel as divided GOP fails to make a deal

In rare setback, the proposed legislation was rejected in a split vote over holdouts' demands on Medicaid, clean energy tax credits, and polarizing SALT deductions.

By Bloomberg
Avantax, Cary Street Partners reveal latest acquisitions
INDEPENDENT BROKER DEALERS MAY 16, 2025
Avantax, Cary Street Partners reveal latest acquisitions

The tax-focused community within Cetera deepens an existing partnership as CSP grows to $10.7 billion in AUM with a new Florida location.

By Leo Almazora
Suspended broker went all in with alternative investment GWG bonds: FINRA
ALTERNATIVES MAY 16, 2025
Suspended broker went all in with alternative investment GWG bonds: FINRA

"It should be literally impossible for a broker to put 96% of a client's money in any investment," said one attorney.

By Bruce Kelly
Wall Street dollar sentiment stays dour amid lingering trade unease
ALTERNATIVES MAY 16, 2025
Wall Street dollar sentiment stays dour amid lingering trade unease

The greenback's wild slide has continued as erratic US policymaking spurs a "love-hate" relationship with international investors.

By Bloomberg