Industry News

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CFPB says divorced, widowed clients may be pushed into unaffordable home loans
NEWS INDUSTRY NEWS DEC 18, 2024
CFPB says divorced, widowed clients may be pushed into unaffordable home loans

Report finds that mortgage servicers may pile on pressure during vulnerability.

Sailor-turned-$300M advisor Jeffery Grange jumps ship to LPL's Linsco
NEWS INDUSTRY NEWS DEC 18, 2024
Sailor-turned-$300M advisor Jeffery Grange jumps ship to LPL's Linsco

Advisor moves from D.A. Davidson to expand Linsco in Santa Barbara.

Fed expected to announce rate cut today, but what next?
NEWS INDUSTRY NEWS DEC 18, 2024
Fed expected to announce rate cut today, but what next?

Fed likely to signal a slower pace of cuts in 2025.

Megacap tech stocks are overpowering Nasdaq again
NEWS INDUSTRY NEWS DEC 18, 2024
Megacap tech stocks are overpowering Nasdaq again

Weightings likely to be adjusted this week.

US government funding deal likely to be last minute
NEWS INDUSTRY NEWS DEC 18, 2024
US government funding deal likely to be last minute

Narrow margins make agreement between House Republicans tough.

Record demand for coal until at least 2027, IEA reveals
NEWS INDUSTRY NEWS DEC 18, 2024
Record demand for coal until at least 2027, IEA reveals

Net zero ambitions at risk as major economies remain fossil fuel dependent.

Treasury yields hover near highs as markets eye another rate cut
NEWS FIXED INCOME DEC 17, 2024
Treasury yields hover near highs as markets eye another rate cut

Bond investors' bets of a quarter-point reduction by the Fed Wednesday were only slightly disrupted by mixed economic data from November.

Baird wins $4.6 million raiding claim against Raymond James
NEWS BROKER DEALERS DEC 17, 2024
Baird wins $4.6 million raiding claim against Raymond James

For more than a decade, Raymond James has been one of the most aggressive firms to hire financial advisors from competitors.

$11.84B Merit strikes deal for Roth Asset Management
NEWS RIAS DEC 17, 2024
$11.84B Merit strikes deal for Roth Asset Management

The PE-backed hybrid RIA is expanding its reach in the Pacific Northwest while increasing its assets by $773 million.

Waverly debuts in Pennsylvania with Planning Capital acquisition
NEWS RIAS DEC 17, 2024
Waverly debuts in Pennsylvania with Planning Capital acquisition

The RIA firm's latest partnership extends its reach to 12 states while boosting its assets to $15.9 billion.

NEPC caps off year of growth with new partner and principal appointments
NEWS RIAS DEC 17, 2024
NEPC caps off year of growth with new partner and principal appointments

The OCIO giant's latest promotions 'highlight its focus on continuity, innovation, and a client-first ethos,' says managing partner.

Beacon Pointe seizes $40B victory with dual acquisitions
NEWS RIAS DEC 17, 2024
Beacon Pointe seizes $40B victory with dual acquisitions

The prominent woman-led RIA's latest deals add $613 million in assets as well as new footholds in Boston and Dallas.

Revealed: The top financial professionals in the US for 2024
NEWS INDUSTRY NEWS DEC 17, 2024
Revealed: The top financial professionals in the US for 2024

From RIAs to investment advisory, financial planning firms, and service providers, this year's crop of veterans and executives are defining what it means to lead in the world of wealth.

Corient set to snap up mega-RIA $7.9B H.M. Payson
NEWS RIAS DEC 17, 2024
Corient set to snap up mega-RIA $7.9B H.M. Payson

The deal to acquire Maine's largest RIA gives CI Financial's US wealth subsidiary its first-ever location in the Northeastern state.

Savant Wealth continues specialist acquisitions with $536M AUM boutique RIA
NEWS INDUSTRY NEWS DEC 17, 2024
Savant Wealth continues specialist acquisitions with $536M AUM boutique RIA

Acquisition marks the national firm's first entry into New York State.

How to drive organic growth for your wealth management practice in 2025
NEWS PRACTICE MANAGEMENT DEC 17, 2024
How to drive organic growth for your wealth management practice in 2025

Why the key to growing your practice is not about market performance.

Stocks ease ahead of Fed's last meeting of 2024
NEWS INDUSTRY NEWS DEC 17, 2024
Stocks ease ahead of Fed's last meeting of 2024

Rate cut expectations remain high but what will come next?

Treasuries could reach 6% amid fiscal risks, warns T. Rowe Price
NEWS INDUSTRY NEWS DEC 17, 2024
Treasuries could reach 6% amid fiscal risks, warns T. Rowe Price

It would be a more than 20-year high at that level.

Gold steadies after modest gains in previous sessions
NEWS INDUSTRY NEWS DEC 17, 2024
Gold steadies after modest gains in previous sessions

Traders are awaiting the latest US interest rate announcement.

Former UBS banker sets up Delaware based credit fund
NEWS INDUSTRY NEWS DEC 17, 2024
Former UBS banker sets up Delaware based credit fund

Ramzi Issa made his name with pioneering debt-for-nature swaps.