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UBS CEO's compensation elicits concern from Swiss finance minister
WIREHOUSES APR 10, 2024
UBS CEO's compensation elicits concern from Swiss finance minister

Sergio Ermotti, who has been leading UBS' integration of Credit Suisse, was paid $16 million for his first nine months on the job.

By Bloomberg
Higher-than-expected core CPI likely pushes back Fed rate cuts
INDUSTRY NEWS APR 10, 2024
Higher-than-expected core CPI likely pushes back Fed rate cuts

The 0.4% rise in March's core consumer price index adds to evidence that progress on taming inflation may be stalling.

By Bloomberg
Fortis Capital Advisors acquires Chicago-based father-daughter firm
RIAS APR 10, 2024
Fortis Capital Advisors acquires Chicago-based father-daughter firm

New addition expands the RIA firm’s national footprint.

By Steve Randall
Global VC funding down 30% amid investor concerns
INDUSTRY NEWS APR 10, 2024
Global VC funding down 30% amid investor concerns

Venture capital funding dropped 29% in the US, 40% in China, as slower economies, inflation weigh.

By Bloomberg
NYSE aims to attract 'exciting' Asian firms to list in US
EQUITIES APR 10, 2024
NYSE aims to attract 'exciting' Asian firms to list in US

Firms from Japan, South Korea, Indonesia, and Singapore could appear.

By Bloomberg
The undeniable value of niche advising
OPINION APR 09, 2024
The undeniable value of niche advising

If you want to grow your advisory practice, don't try to be all things to all people. Specialize in a few areas and build your own niche.

By Scott Hanson
Saver's Match provides big incentive for 401(k) contributions
RETIREMENT PLANNING APR 09, 2024
Saver's Match provides big incentive for 401(k) contributions

A new survey builds on research showing the provision's potential reach and effect on retirement security.

By Emile Hallez
Blackstone deal for apartment REIT signals opportunities
ALTERNATIVES APR 09, 2024
Blackstone deal for apartment REIT signals opportunities

'It looks like Blackstone is value-investing and hunting,' a senior industry executive says.

By Bruce Kelly
Gen Z, millennials as likely to own crypto as real estate
INDUSTRY NEWS APR 09, 2024
Gen Z, millennials as likely to own crypto as real estate

Online poll of 4,000 adults reveals younger generations’ approaches to wealth-building, financial 'hacks,' and trusted financial sources.

By Leo Almazora
Three-fifths of millennials don't have a will or trust: Study
INDUSTRY NEWS APR 09, 2024
Three-fifths of millennials don't have a will or trust: Study

Survey of 15,000 millennials reveal a gap in generational planning as caregiving duties and homebuying struggles take their toll.

By Leo Almazora
Most US adults fear outliving their money more than death
RETIREMENT PLANNING APR 09, 2024
Most US adults fear outliving their money more than death

Concerns about inflation, Social Security, and taxes are stoking Americans’ financial anxiety, Allianz Life survey shows.

By Leo Almazora
Ron Carson stepping down as CEO of namesake RIA
RIAS APR 09, 2024
Ron Carson stepping down as CEO of namesake RIA

The founder of the national wealth firm is handing over the reins to Burt White, former chief investment officer at LPL.

By Leo Almazora
West Virginia stops banking with Citi, Northern Trust, over fossil fuels
ESG APR 09, 2024
West Virginia stops banking with Citi, Northern Trust, over fossil fuels

The state treasurer added four financial services firms to a list of those ineligible to provide banking services to the state because he says they 'boycott' the fossil fuels industry.

By Bloomberg
Wealth Enhancement Group announces new leaders as client assets surpass $81B
INDUSTRY NEWS APR 09, 2024
Wealth Enhancement Group announces new leaders as client assets surpass $81B

BlackRock's former head of income investing is among the appointments.

By Steve Randall
Mesirow eyes organic growth, new products with strategy leader appointment
INDUSTRY NEWS APR 09, 2024
Mesirow eyes organic growth, new products with strategy leader appointment

The firm's plans include further strategic hires and acquisitions.

By Steve Randall
Former Fed president James Bullard expects three rate cuts
INDUSTRY NEWS APR 09, 2024
Former Fed president James Bullard expects three rate cuts

Economic reports already justify cuts, the former central bank executive says.

By Bloomberg
Billionaire Branson's SPAC deals have cost him dearly
INDUSTRY NEWS APR 09, 2024
Billionaire Branson's SPAC deals have cost him dearly

British entrepreneur's net worth has tumbled around $5 billion.

By Bloomberg
Stratos Private Wealth reveals East Coast expansion plans
ADVISOR MOVES APR 09, 2024
Stratos Private Wealth reveals East Coast expansion plans

The firm is rebranding a pair of Stratos-affiliated practices to boost its presence on the East Coast

By Gregg Greenberg
Nearly half of US filers put off tax prep
INDUSTRY NEWS APR 08, 2024
Nearly half of US filers put off tax prep

A survey of more than 1,000 US adults offers glimpses of tax stress and procrastination as the April filing deadline looms.

By Leo Almazora
Wells Fargo Advisors' midyear pay tweaks
BROKER DEALERS APR 08, 2024
Wells Fargo Advisors' midyear pay tweaks

Broker-dealers are increasingly chasing registered investment advisor assets.

By Bruce Kelly