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Hedge fund billionaire accused of hiding assets during divorce
INDUSTRY NEWS SEP 22, 2023
Hedge fund billionaire accused of hiding assets during divorce

Lawsuit alleges John Paulson used a sham home sale to gain $10M from family trust.

By Bloomberg
China may change foreign cap to entice global funds
INDUSTRY NEWS SEP 22, 2023
China may change foreign cap to entice global funds

Beijing is considering ways to boost trading on three key markets.

By Bloomberg
China's ultra-rich head home as tensions with US increase
INDUSTRY NEWS SEP 22, 2023
China's ultra-rich head home as tensions with US increase

Wealthy Gen Zs are mulling whether to stay in the West or return to Asia to build their wealth.

By Bloomberg
Altruist eliminates software fees for RIAs
FINTECH SEP 21, 2023
Altruist eliminates software fees for RIAs

Advisors who custody exclusively with Altruist will receive free software, while firms that work other custodians will get the first 100 accounts for free.

By Ryan W. Neal
Political clock ticks as Labor readies next version of fiduciary rule
RETIREMENT PLANNING SEP 21, 2023
Political clock ticks as Labor readies next version of fiduciary rule

The measure is likely to make a rollover recommendation a fiduciary act. But if the agency doesn't complete the measure soon, it's vulnerable to being overturned by the next Congress and White House.

By Mark Schoeff Jr.
Former Merrill star manager Oden jumps to  HSBC
PRACTICE MANAGEMENT SEP 21, 2023
Former Merrill star manager Oden jumps to HSBC

But big banks can fall flat when it comes to building a home for financial advisors.

By Bruce Kelly
Securitized products offer safe alternatives to Treasuries, says Janus Henderson strategist
INDUSTRY NEWS SEP 21, 2023
Securitized products offer safe alternatives to Treasuries, says Janus Henderson strategist

Economy remains resilient despite interest-rate hikes, and mortgages are very cheap right now, says John Kerschner.

By Gregg Greenberg
BlackRock, State Street among asset managers closing ESG funds
ESG SEP 21, 2023
BlackRock, State Street among asset managers closing ESG funds

Fund companies unwound more than two dozen ESG funds this year, according to Morningstar data.

By Bloomberg
Why you should be offering 'unretirement' planning solutions
RETIREMENT PLANNING SEP 21, 2023
Why you should be offering 'unretirement' planning solutions

Millions of Americans plan to return to work for financial or social reasons.

By Steve Randall
Fed may have to hike again, says JPMorgan chief
INDUSTRY NEWS SEP 21, 2023
Fed may have to hike again, says JPMorgan chief

Jamie Dimon says the central bank was "a day late and a dollar short" in beginning hikes and may have to do more.

By Bloomberg
Bond traders expect higher yields after Fed signals
INDUSTRY NEWS SEP 21, 2023
Bond traders expect higher yields after Fed signals

Short-term underperformance should be expected.

By Bloomberg
Investors urge policymakers to aid $275T for net zero
ESG SEP 21, 2023
Investors urge policymakers to aid $275T for net zero

Influential group says barriers to investment in clean energy must be removed.

By Bloomberg
Value shares are popular again on global markets
INDUSTRY NEWS SEP 21, 2023
Value shares are popular again on global markets

The quant trade was big news in 2022 but this time things are a bit different.

By Bloomberg
New strategy in 401(k) litigation: Ask for settlement before suit is filed
RETIREMENT PLANNING SEP 20, 2023
New strategy in 401(k) litigation: Ask for settlement before suit is filed

Law firm Lieff Cabraser is reportedly busy sending letters to plan sponsors.

By Emile Hallez
SEC expands rule to ensure fund portfolios match their names
ESG SEP 20, 2023
SEC expands rule to ensure fund portfolios match their names

The final regulation targets 'greenwashing' but strips out what would have been 'a more onerous' ESG provision, a lawyer says.

By Mark Schoeff Jr.
Don't expect another bull run anytime soon, says Morgan Stanley strategist
EQUITIES SEP 20, 2023
Don't expect another bull run anytime soon, says Morgan Stanley strategist

'We really hit a wall at the end of July, and that's when the market really put in its year-to-date highs,' says Lisa Shalett.

By Gregg Greenberg
UBS advisor managing $435M moves to RBC Wealth Management
WIREHOUSES SEP 20, 2023
UBS advisor managing $435M moves to RBC Wealth Management

Marin County, California-based Brian Wells has 25 years of experience.

By InvestmentNews
Fed reveals latest rate decision, signals one more hike this year
INDUSTRY NEWS SEP 20, 2023
Fed reveals latest rate decision, signals one more hike this year

Updated projections show that 12 of 19 officials favor another rate hike this year and that Fed officials also see less easing next year.

By Bloomberg
Goldman Sachs to back further away from consumers
INDUSTRY NEWS SEP 20, 2023
Goldman Sachs to back further away from consumers

Half-billion-dollar sale will see financial giant take a billion-dollar hit.

By Matthew Sellers
Edward Jones welcomes back $167M advisor who began his career with the firm
BROKER DEALERS SEP 20, 2023
Edward Jones welcomes back $167M advisor who began his career with the firm

The Seattle-based advisor will focus on retirement plans.

By Steve Randall