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Bubble risk in equities, buy bonds and gold says BofA
INDUSTRY NEWS SEP 20, 2024
Bubble risk in equities, buy bonds and gold says BofA

Strategist Michael Hartnett warning over rising risk.

Big three US money managers cut ESG support
INDUSTRY NEWS SEP 20, 2024
Big three US money managers cut ESG support

State Street, Vanguard, BlackRock all rejected more proposals.

RBC reels in $2.8B superteam from UBS
RIAS SEP 19, 2024
RBC reels in $2.8B superteam from UBS

The 15-person multigenerational team adds over 200 years of experience to the firm's advisor pool in Atlanta.

By Leo Almazora
Macquarie RIA subsidiary faces $80M penalty to settle SEC fraud allegations
FIXED INCOME SEP 19, 2024
Macquarie RIA subsidiary faces $80M penalty to settle SEC fraud allegations

Firm attempted to minimize losses in thousands of "odd lot" positions by executing unfavorable cross trades with retail mutual funds and third-party broker-dealers, according to the regulator.

By Leo Almazora
Back to school means back to basics with referrals
OPINION SEP 19, 2024
Back to school means back to basics with referrals

If you aren’t actively discussing referrals at every meeting, it’s time to make a change.

By Kristine McManus
Donald Trump vows to restore SALT write-off at Long Island campaign stop
TAX SEP 19, 2024
Donald Trump vows to restore SALT write-off at Long Island campaign stop

The Republican presidential nominee pledged to restore the deduction that his signature tax law ended up curbing during his administration.

By Bloomberg
BofA bags $2.7B powerhouse advisor from Citi
WIREHOUSES SEP 19, 2024
BofA bags $2.7B powerhouse advisor from Citi

Bank of America Private Bank is boosting its ultra-high-net-worth presence in Atlanta, Georgia and the broader Southeastern region with its latest addition.

By Leo Almazora
LPL welcomes $655M wealth team in Ohio
BROKER DEALERS SEP 19, 2024
LPL welcomes $655M wealth team in Ohio

The brokerage giant is enlarging its network of affiliations yet again with the veteran-led practice coming in from Osaic.

By Leo Almazora
Kestra makes a move in Maryland with $200M Osaic team
ADVISOR MOVES SEP 19, 2024
Kestra makes a move in Maryland with $200M Osaic team

The five-person group operating in Montgomery County adds to the Texas-based wealth platform's 2024 expansion streak.

By Leo Almazora
No need for a series of large interest rate cuts, says fixed income expert
FIXED INCOME SEP 19, 2024
No need for a series of large interest rate cuts, says fixed income expert

"Recession is not a base case scenario over the quarters ahead."

By Josh Welsh
BlackRock strategists taking defensive measures ahead of rising volatility
EQUITIES SEP 19, 2024
BlackRock strategists taking defensive measures ahead of rising volatility

A pair of BlackRock portfolio specialists explain why they are dialing down risk in their model portfolios.

By Gregg Greenberg
Younger planners more willing to adapt to client needs
PRACTICE MANAGEMENT SEP 19, 2024
Younger planners more willing to adapt to client needs

Industry has slowly evolved into less tangible aspects, says advisor after FPA report.

By Emile Hallez
Broker-dealer charged by SEC over Reg BI violations agrees $325K civil penalty
INDUSTRY NEWS SEP 19, 2024
Broker-dealer charged by SEC over Reg BI violations agrees $325K civil penalty

Charges relate to recommendations of a specific type of derivative security.

By Steve Randall
Citi Private Bank study reveals priorities for family offices
INDUSTRY NEWS SEP 19, 2024
Citi Private Bank study reveals priorities for family offices

Seven key themes have emerged from the new research.

By Steve Randall
Wall Street got the cut it expected but uncertainties still rule
INDUSTRY NEWS SEP 19, 2024
Wall Street got the cut it expected but uncertainties still rule

Stocks and bonds gained post-Fed but quickly eased.

Investors confident that stock rally will endure to year end
INDUSTRY NEWS SEP 19, 2024
Investors confident that stock rally will endure to year end

But it's unlikely the S&P 500 will rise above 6000, poll suggests.

Asian currencies index highest since July 2023 after Fed cut
INDUSTRY NEWS SEP 19, 2024
Asian currencies index highest since July 2023 after Fed cut

Further appreciation is anticipated by strategists.

Green bonds are failing to drive real change, report claims
INDUSTRY NEWS SEP 19, 2024
Green bonds are failing to drive real change, report claims

Global market is worth $4 trillion, but how much difference does it make?

How does early retirement affect Social Security benefits?
SEP 19, 2024
How does early retirement affect Social Security benefits?

Early retirement can impact your Social Security payouts in many ways. This guide explores the different scenarios that can affect your benefits

By Mark Rosanes
Welcome to the big leagues: The rise of private equity in professional sports
OPINION SEP 18, 2024
Welcome to the big leagues: The rise of private equity in professional sports

From sidelines to center court, a new playbook is here, and there are likely to be even more creative and complex deals to come.