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US is 'leading the way' into 2024, BofA says
EQUITIES DEC 15, 2023
US is 'leading the way' into 2024, BofA says

BofA execs discuss market timing and the outlook for US growth next year at a roundtable.

By Josh Welsh
'Ponzi-like' private placement mess GPB slides into receivership
ALTERNATIVES DEC 15, 2023
'Ponzi-like' private placement mess GPB slides into receivership

GPB's founder was an accountant who couldn't do the firm's accounting.

By Bruce Kelly
Equities heading to fifth weekly gain following Fed comments
EQUITIES DEC 15, 2023
Equities heading to fifth weekly gain following Fed comments

Likelihood of a soft landing for the US economy sparked a market frenzy.

By Bloomberg
Citi shuts once-envied muni business
INDEPENDENT BROKER DEALERS DEC 15, 2023
Citi shuts once-envied muni business

Wall Street firm says the unit is no longer viable.

By Bloomberg
Osaic nabs Lincoln Financial Advisors in latest purchase
INDEPENDENT BROKER DEALERS DEC 14, 2023
Osaic nabs Lincoln Financial Advisors in latest purchase

The 1,450 financial advisors involved in the transaction oversee approximately $108 billion in assets.

By Bruce Kelly
Wall Street traders agree that policy pivot is ahead in 2024
FIXED INCOME DEC 14, 2023
Wall Street traders agree that policy pivot is ahead in 2024

Broad consensus expects soft landing for US economy.

By Bloomberg
Apple's market value almost as big as France's stock market
EQUITIES DEC 14, 2023
Apple's market value almost as big as France's stock market

The firm's rally continues seemingly unabated.

By Bloomberg
DOL hearing parses intersection of ‘best interest’ and annuity sales
RETIREMENT PLANNING DEC 13, 2023
DOL hearing parses intersection of ‘best interest’ and annuity sales

'It’s crystal clear for the prospective client that the insurance producer is selling,' says an insurance industry representative.

By Mark Schoeff Jr.
Fed opens the door to rate cuts
FIXED INCOME DEC 13, 2023
Fed opens the door to rate cuts

After a relentless stock rally, central bank makes its final policy announcement of 2023.

By InvestmentNews
Are we nearing the end of the inverted yield curve?
FIXED INCOME DEC 13, 2023
Are we nearing the end of the inverted yield curve?

Survey reveals most advisors think 2-year US Treasury has peaked as clients shift more assets into fixed income.

By InvestmentNews
Stocks stable ahead of Fed's rate decision
EQUITIES DEC 13, 2023
Stocks stable ahead of Fed's rate decision

Markets expect a hold, but this week's CPI data adds complication.

By Bloomberg
Even the world's No. 1 ESG fund has boosted oil, gas exposure
MUTUAL FUNDS DEC 13, 2023
Even the world's No. 1 ESG fund has boosted oil, gas exposure

$5T fund has made a significant increase in fossil fuels since new regs were introduced.

By Bloomberg
Wells Fargo Advisors highlights bump in  compensation for $1M producers
ALTERNATIVES DEC 12, 2023
Wells Fargo Advisors highlights bump in compensation for $1M producers

The wirehouse is emphasizing better pay for advisors who sell alternative investments and offer loans to clients.

By Bruce Kelly
Consumer prices pick up in bumpy path down for inflation
FIXED INCOME DEC 12, 2023
Consumer prices pick up in bumpy path down for inflation

New data reinforces Fed’s determination to keep interest rates elevated.

By Bloomberg
Is there an ETF version of that? Mutual funds fall out of favor with advisors
ETFS DEC 11, 2023
Is there an ETF version of that? Mutual funds fall out of favor with advisors

Tax efficient and usually cheaper, ETFs are gaining ground in portfolios, including active products.

By Emile Hallez
Goldman revamps private credit leadership
ALTERNATIVES DEC 11, 2023
Goldman revamps private credit leadership

The firm is focusing more resources on the sector as it seeks to double the size of its business.

By Bloomberg
High-net-worth individuals and families have worrying gaps in their financial security
RETIREMENT PLANNING DEC 11, 2023
High-net-worth individuals and families have worrying gaps in their financial security

New report shows lack of protection for possessions, data and reputation.

By Steve Randall
Jobs market strengthens in November, defying forecasts
FIXED INCOME DEC 08, 2023
Jobs market strengthens in November, defying forecasts

The report undermines hopes the Federal Reserve will cut interest rates early next year.

By Bloomberg
Individual annuity sales to surpass $300B annually, says Limra
RETIREMENT PLANNING DEC 08, 2023
Individual annuity sales to surpass $300B annually, says Limra

Sales will escalate in 2024 and 2025 according to a new forecast.

By Steve Randall
Most people value a financial advisor; the challenge is signing them up
RETIREMENT PLANNING DEC 08, 2023
Most people value a financial advisor; the challenge is signing them up

Allianz study reveals substantial gap between aspiration and action.

By Steve Randall