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Our responsibility to improve the reputation of our profession
OPINION OCT 11, 2023
Our responsibility to improve the reputation of our profession

Financial advisors labor against an industrywide reputation that’s as poor as that of the legal profession, which means that far too many people who could use our help don't trust us.

By Scott Hanson
Cetera affiliate Totus Wealth Management adds $327M team
ADVISOR MOVES OCT 11, 2023
Cetera affiliate Totus Wealth Management adds $327M team

The advisors come from MML Investors Services and Capstone Financial.

By Steve Randall
How can advisors better serve America's youngest adults?
INDUSTRY NEWS OCT 11, 2023
How can advisors better serve America's youngest adults?

Edward Jones study finds those aged 18-34 are struggling but optimistic.

By Steve Randall
BMO Capital Markets announces new CEO as Dan Barclay retires
INDUSTRY NEWS OCT 11, 2023
BMO Capital Markets announces new CEO as Dan Barclay retires

The group will have a new leader at the start of next month.

By Steve Randall
IMF says US Treasuries dynamic is 'very unfavorable'
INDUSTRY NEWS OCT 11, 2023
IMF says US Treasuries dynamic is 'very unfavorable'

It says US fiscal path is unsustainable and forecasts ongoing debt growth.

By Bloomberg
Can earnings continue to resist impact of rate hikes?
INDUSTRY NEWS OCT 11, 2023
Can earnings continue to resist impact of rate hikes?

As Q3 earnings season begins, questions will be asked.

By Bloomberg
EM stocks tumble to lowest level since 1987
INDUSTRY NEWS OCT 11, 2023
EM stocks tumble to lowest level since 1987

Developing nation equities have suffered significant pullbacks from investors.

By Bloomberg
Judge lets Finra proceed with enforcement action against broker
REGULATION AND LEGISLATION OCT 10, 2023
Judge lets Finra proceed with enforcement action against broker

'If Finra doesn’t have the ability to enforce its own rules and discipline its members, then chaos will reign,' says PIABA President Hugh Berkson.

By Mark Schoeff Jr.
Finra tags advisor for sales of GPB alternatives
ALTERNATIVES OCT 10, 2023
Finra tags advisor for sales of GPB alternatives

"It’s frustrating to see Finra charging brokers after the nail is in the coffin of [clients'] portfolios," one attorney says.

By Bruce Kelly
Americans saved hundreds of billions more than previously thought
INDUSTRY NEWS OCT 10, 2023
Americans saved hundreds of billions more than previously thought

The fact that households are in better shape financially could make a recession less likely.

By Bloomberg
LPL nabs team managing $900M at RBC
BROKER DEALERS OCT 10, 2023
LPL nabs team managing $900M at RBC

The four advisors are launching Sides Wealth Advisory Group in York, Pennsylvania.

By InvestmentNews
Philanthropist Chuck Feeney dies aged 92, with $8B 'giving while living' legacy
INDUSTRY NEWS OCT 10, 2023
Philanthropist Chuck Feeney dies aged 92, with $8B 'giving while living' legacy

The entrepreneur was the ultimate example of using wealth to do good.

By Steve Randall
Stratos Wealth aims to boost national reach with new executive hire
INDUSTRY NEWS OCT 10, 2023
Stratos Wealth aims to boost national reach with new executive hire

The firm has hired a former MassMutual and MetLife business development specialist.

By Steve Randall
Stocks gain after Fed's 'change of tone'
INDUSTRY NEWS OCT 10, 2023
Stocks gain after Fed's 'change of tone'

But UBS says fixed income is a better bet than equities right now.

By Bloomberg
IMF, World Bank meetings begin but what's on the agenda?
INDUSTRY NEWS OCT 10, 2023
IMF, World Bank meetings begin but what's on the agenda?

The masters of the world's money have plenty to talk about.

By Bloomberg
Conflict in Middle East adds new concern for EM investors
INDUSTRY NEWS OCT 10, 2023
Conflict in Middle East adds new concern for EM investors

The Hamas attack on Israel has compounded concerns about developing nations investments.

By Bloomberg
US equities sell-off is easing, says Citi strategist
INDUSTRY NEWS OCT 10, 2023
US equities sell-off is easing, says Citi strategist

However, it's too soon for the bulls to take center stage.

By Bloomberg
SEC AI proposal would hurt retirement savers, industry group warns
REGULATION AND LEGISLATION OCT 09, 2023
SEC AI proposal would hurt retirement savers, industry group warns

Some trade associations want the SEC to withdraw the measure. 'There is nothing for the chairman to do other than throw it in the garbage,' says the head of the American Securities Association.

By Mark Schoeff Jr.
Do half-empty office buildings offer opportunities for investors?
INDUSTRY NEWS OCT 09, 2023
Do half-empty office buildings offer opportunities for investors?

Don't write off commercial real estate just yet, fund managers say.

By Gregg Greenberg
RBC Wealth adds $630M teams from Morgan Stanley, Wells Fargo
ADVISOR MOVES OCT 09, 2023
RBC Wealth adds $630M teams from Morgan Stanley, Wells Fargo

The firm has added advisors in New York, Pennsylvania and Minnesota.

By Steve Randall