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Vanguard names former BlackRock exec as new CEO
INDUSTRY NEWS MAY 15, 2024
Vanguard names former BlackRock exec as new CEO

The firm has announced the successor to Tim Buckley.

By Steve Randall
New York RIA, founder to pay almost $1M to settle SEC conflict of interest charges
INDUSTRY NEWS MAY 15, 2024
New York RIA, founder to pay almost $1M to settle SEC conflict of interest charges

The firm advised clients to invest in films that its owner received payments for.

By Steve Randall
Americans added $184B to debt mountain in Q1, serious delinquencies increased
INDUSTRY NEWS MAY 15, 2024
Americans added $184B to debt mountain in Q1, serious delinquencies increased

New York Fed says maxed-out borrowers are struggling.

By Steve Randall
US investment firm falls victim to crypto fraudsters
INDUSTRY NEWS MAY 15, 2024
US investment firm falls victim to crypto fraudsters

Funds are reportedly still missing from $1.7B firm's main hedge fund.

By Bloomberg
IEA sees global oil demand softening
INDUSTRY NEWS MAY 15, 2024
IEA sees global oil demand softening

It's the second straight month that the outlook has been cut.

By Bloomberg
Pimco helps Allianz to higher profit in Q1
INDUSTRY NEWS MAY 15, 2024
Pimco helps Allianz to higher profit in Q1

Bond management unit posted best quarter in six years.

By Bloomberg
Osaic chair is ‘raising the stats’ for women advisors
INDUSTRY NEWS MAY 14, 2024
Osaic chair is ‘raising the stats’ for women advisors

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Christina Nash, Knox Grove Financial.

By Josh Welsh
Why multi-generational planning can be a double-edged sword
INDUSTRY NEWS MAY 14, 2024
Why multi-generational planning can be a double-edged sword

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): Kirk Klein, Koss Olinger.

By Josh Welsh
What will the end of noncompete agreements mean for advisors?
RIAS MAY 14, 2024
What will the end of noncompete agreements mean for advisors?

A bill in New York City, in addition to the new FTC rule, could be good news for restless advisors.

By Emile Hallez
Veteran leader Desiree Sii departs Osaic
BROKER DEALERS MAY 14, 2024
Veteran leader Desiree Sii departs Osaic

'Does Osaic really need these redundancies in management,' asked one industry executive.

By Bruce Kelly
Powell preaches patience as he reiterates higher-for-longer stance
INDUSTRY NEWS MAY 14, 2024
Powell preaches patience as he reiterates higher-for-longer stance

The Federal Reserve chair sees continuing need for hawkish rate hold amid sticky inflation and continuing strength in the jobs market.

By Bloomberg
RBC lures two ex-Merrill Lynch teams in the Northeast
ADVISOR MOVES MAY 14, 2024
RBC lures two ex-Merrill Lynch teams in the Northeast

Collectively, the two veteran advisor groups in Maryland are bringing around $900M in client assets to RBC’s wealth advisory business.

By Leo Almazora
William Blair scores $1.2B multigenerational team
ADVISOR MOVES MAY 14, 2024
William Blair scores $1.2B multigenerational team

The firm expands its private wealth presence in Philadelphia, Pennsylvania with a veteran trio of high-net-worth advisors from Raymond James.

By Leo Almazora
Raymond James strengthens San Diego bench with UBS hire
BROKER DEALERS MAY 14, 2024
Raymond James strengthens San Diego bench with UBS hire

The advisor, who reportedly managed $450M in client assets at UBS, is joining the Western division in California.

By Leo Almazora
Family offices have 'dangerous gaps' in risk management, report warns
INDUSTRY NEWS MAY 14, 2024
Family offices have 'dangerous gaps' in risk management, report warns

Teams are facing multiple risks, but lack resources to keep on top of them.

By Steve Randall
GSAM's Petershill program backs $4B real assets investment manager
INDUSTRY NEWS MAY 14, 2024
GSAM's Petershill program backs $4B real assets investment manager

The Wall Street firm's investment will help accelerate strategic development.

By Steve Randall
Clients' kids seeking summer jobs? CFTC warns about 'money mules' recruitment
INDUSTRY NEWS MAY 14, 2024
Clients' kids seeking summer jobs? CFTC warns about 'money mules' recruitment

Students and others seeking extra income could become victims.

By Steve Randall
Stock rally vulnerable to stagflation: BofA strategist
INDUSTRY NEWS MAY 14, 2024
Stock rally vulnerable to stagflation: BofA strategist

This week's CPI data could add to the risk.

By Bloomberg
Goldman Sachs eyes Gulf opportunities for wealthy clients
INDUSTRY NEWS MAY 14, 2024
Goldman Sachs eyes Gulf opportunities for wealthy clients

Wall Street firm plans to launch new strategies focused on the region.

By Bloomberg
US IPOs to pause after raising $1B in five weeks
INDUSTRY NEWS MAY 14, 2024
US IPOs to pause after raising $1B in five weeks

The rest of the year may see a stream rather than a tidal wave.

By Bloomberg