Meanwhile, LPL is launching an effort to pursue wealthier clients.
The FTX breakdown is convenient for plan fiduciaries who were struggling with the prudence of permitting crypto within an employer-sponsored retirement plan.
Bank sales propelled fixed-rate deferred and fixed-indexed annuity sales to hit record levels for the second consecutive quarter.
The Federal Reserve's fight against inflation has turned boring cash accounts into top performers.
A survey by Janus Henderson shows 60% of investors expect the S&P 500 Index to be higher in a year, although 86% are worried about rising prices.
In a rare moment of symmetry, the suppliers of alternative strategies are seeing increasing demand from financial advisers.
The investment firm has tapped Morgan Stanley's wealth management arm as it seeks to raise $6 billion for its next venture fund.
G&P Acquisition Corp.'s announcement that it will liquidate and redeem its shares because of its inability to launch comes after the NYSE said earlier this month that it was delisting the company's warrants.
The Lightstone REITs are asking shareholders to strip away their own rights without any clear plan to liquidity or upside, critics say.
The regulator has launched an exam sweep of brokerages' communications with customers about digital assets, while the House Financial Services Committee plans to hold a hearing on the FTX bankruptcy.
Jim Martin left $4 billion worth of client assets behind when he formed Nordwand Capital, but he says it was all part of the plan.
Hedge fund Impactive Capital is threatening a proxy fight in an effort to secure a seat on Envestnet's board.
While some claim more regulatory clarity could have helped prevent an event like the FTX collapse, others argue new rules take time and might not be what investors are hoping for.
Changing regulations are combining with technology to potentially push $10 trillion into alt strategies by 2030.
Over the past 12 months, the company's shares have fallen from a high of $10.55 to Monday's price of $1.03.
Crypto bulls see the sell-off as a buying opportunity and distinguish the offshore platform from regulated funds and U.S.-based platforms.
Regulators will press on with their climate agendas, as will anti-ESG politicians.
The one-year drop in premiums does not offset the overall inflation in health care costs.
A roundup of the week's top fintech news, including crypto's collapse, Envestnet's custodian plans and SEI adding UMAs.
Martin A. Ruiz took $8 million of client money and spent the vast majority of the funds on personal expenses.
