SEC sues two firms over bogus AI claims
Delphia and Global Predictions both made 'false and misleading statements' about their use of artificial intelligence, the SEC says.
B. Riley fails to file audited results
The broker-firm, whose stock has been battered by concerns about its dealings with a former business partner, says it will file 'as soon as reasonably practical.'
Would US investors trust sustainability more if the data were better?
Deloitte study reveals challenge for public companies.
Realta Wealth continues to bolster leadership team since rebrand
Broker-dealer formerly known as CoastalOne changed its name in January.
Markets optimistic ahead of Fed meeting
The central bank will announce its latest rates decision this week.
Bond yields could disrupt equities rally: Morgan Stanley
Strategists warn that the rally faces tests this week.
Commodity trading profits pass $100B globally
Last year marks the second-best year for the industry.
Is a college education still a sound investment?
Study considered the average annual return on a degree versus a high school diploma.
BBVA breaks into US RIA space
The global firm’s first investment advisory office in Miami will initially cater primarily to high-net-worth clients from Latin America.
Orion beefs up tech shelf with new BeFi tool
Fintech unveils new tools focused on behavioral finance, estate planning and client trading oversight.
Retirement accounts surged on strong 2023 markets: Vanguard
The study shows that 43 percent of participants raised their deferral rates last year, marking the highest level since Vanguard began tracking the metric.
Senior secured loans are the next best investment, Bluerock says
The loans offer several benefits for investors, including diversification.
Schlichter’s message to pension sponsors: Be very careful with PRTs
Many pension risk transfers in recent years have gone to Athene, and two recent suits over plans' choice of the insurer suggest more cases will follow.
Concurrent continues to hit growth goals with three new advisors
With the addition of recruits from Wells Fargo and Raymond James, the hybrid has topped its initial 2024 target of $17B in assets under advisement.
Tifin taps ex-BlackRock exec to lead advisor AI platform
Fintech firm names industry veteran to CEO role as conversational AI for investments comes into focus.
Nationwide and Morningstar forge retirement plan partnership
The strategic collaboration will allow more plan participants to benefit from an advisor managed accounts service.
Osaic, Securities America fined by Finra over cybersecurity
The regulator fined the firms $150,000 each for failures related to protecting thousands of clients’ private information and cybersecurity gaffes.
Clients asking more about gold as yellow metal moves higher
Advisors say the stealthy advance in gold is starting to attract more attention from clients. And some strategists believe this is only beginning.
UBS has more diversified business than Morgan Stanley: JPMorgan analysts
The Swiss bank has a better wealth management franchise than Morgan Stanley outside the U.S., JPMorgan analysts say.
Morgan Stanley’s Jeff McMillan named firm’s AI head
Financial services giant seeks to bolster its tech leadership with newly created artificial intelligence role.