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Stifel mulls acquisition of embattled investment bank B. Riley Financial's wealth unit
INDUSTRY NEWS SEP 23, 2024
Stifel mulls acquisition of embattled investment bank B. Riley Financial's wealth unit

Riley is under pressure with high debt burden, SEC scrutiny.

By Steve Randall
How finances of women over 50 may prove critical in presidential election
INDUSTRY NEWS SEP 23, 2024
How finances of women over 50 may prove critical in presidential election

Majority of this cohort believe they are ignored by officials, poll reveals.

By Steve Randall
Post-Fed stock rally could fuel 'ugly market events'
INDUSTRY NEWS SEP 23, 2024
Post-Fed stock rally could fuel 'ugly market events'

Gains made since last week's 50bps cut could spark sell off.

US asset manager said to be weighing $5B stake in Intel
INDUSTRY NEWS SEP 23, 2024
US asset manager said to be weighing $5B stake in Intel

Chipmaker's shares have slumped recently but has turnaround plan.

Take profits on defensive stocks, says Morgan Stanley
INDUSTRY NEWS SEP 23, 2024
Take profits on defensive stocks, says Morgan Stanley

Michael Wilson advises action before next jobs report.

How do Fed rate cuts change Wall Street traders' playbook?
INDUSTRY NEWS SEP 23, 2024
How do Fed rate cuts change Wall Street traders' playbook?

New strategy is required, history won't help much.

Bible-themed ETFs weren’t faithful to investment process, SEC says
ETFS SEP 20, 2024
Bible-themed ETFs weren’t faithful to investment process, SEC says

Inspire Investing's ETFs and SMAs held companies that supported causes counter to the biblical values the products advertised, the regulator said in a settlement Thursday.

By Emile Hallez
For all the attention on the Fed, don't forget Congress and fiscal policy counts too
FIXED INCOME SEP 20, 2024
For all the attention on the Fed, don't forget Congress and fiscal policy counts too

All eyes have been on Fed Chairman Powell lately but Congressional spending affects inflation as well.

By Gregg Greenberg
Insurance money tapped out for lead seller of bankrupt GWG L bonds
REGULATION AND LEGISLATION SEP 20, 2024
Insurance money tapped out for lead seller of bankrupt GWG L bonds

“Insurance is paramount in the broker-dealer industry, but you have to have insurance that pays,” a plaintiff's attorney said.

By Bruce Kelly
Equitable expands in Michigan with former Wedbush advisors
ADVISOR MOVES SEP 20, 2024
Equitable expands in Michigan with former Wedbush advisors

The group of professionals, including a father-son duo, come together in Traverse City after managing more than $500M at their former firm.

By Leo Almazora
Raymond James welcomes Wells Fargo advisor in California
BROKER DEALERS SEP 20, 2024
Raymond James welcomes Wells Fargo advisor in California

The 44-year veteran joining the firm's employee advisor channel joins after managing $112M at the wirehouse.

By Leo Almazora
What’s the market pricing in — geopolitical conflict or elections?
OPINION SEP 20, 2024
What’s the market pricing in — geopolitical conflict or elections?

Reactions to recent world-shaping events shows financial markets' focus might be misdirected, suggests Saturna Capital's senior investment analyst and portfolio manager.

Wall Street strategists weigh in after Powell's power move
EQUITIES SEP 20, 2024
Wall Street strategists weigh in after Powell's power move

The financial world reacts to the Federal Reserve's first reduction in rates since 2020.

By Gregg Greenberg
More client complaints settled involving former Triad, now Osaic, broker
REGULATION AND LEGISLATION SEP 20, 2024
More client complaints settled involving former Triad, now Osaic, broker

"I reiterate that I disagree with the allegations made in these suits," says Jim Walesa.

By Bruce Kelly
KPIs, data are critical for a RIA’s practice valuation
PRACTICE MANAGEMENT SEP 20, 2024
KPIs, data are critical for a RIA’s practice valuation

“Understanding what drives value for your business can become powerful information,” says RIA Lab panelist.

By Josh Welsh
GOP 'woke week' advances package of anti-ESG bills
REGULATION AND LEGISLATION SEP 20, 2024
GOP 'woke week' advances package of anti-ESG bills

House Republicans passed legislation this week that would potentially tamp down on sustainable investing options within retirement plans.

By Emile Hallez
Cerity Partners expands again through merger with VC firm
INDUSTRY NEWS SEP 20, 2024
Cerity Partners expands again through merger with VC firm

The deal will enable Cerity to enhance its offering to corporations and businesses.

By Steve Randall
Texas based $3.9B RIA firm True North announces expansion
INDUSTRY NEWS SEP 20, 2024
Texas based $3.9B RIA firm True North announces expansion

The firm has made its first acquisition since securing a strategic growth partnership.

By Steve Randall
Alternatives market set to exceed $30T by 2030, says Preqin forecast
INDUSTRY NEWS SEP 20, 2024
Alternatives market set to exceed $30T by 2030, says Preqin forecast

Secondaries is expected to see fastest growth while PE and VC weaken.

By Steve Randall
European stocks stumble post-Fed amid earnings, economy concerns
INDUSTRY NEWS SEP 20, 2024
European stocks stumble post-Fed amid earnings, economy concerns

Euphoria over rate cuts replaced by reality checks.