Advisor News

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Starwood latest nontraded REIT with concerns
ALTERNATIVES MAY 24, 2024
Starwood latest nontraded REIT with concerns

Nontraded REITs are facing hurdles, higher interest rates, headlines about half-empty office buildings, and investors pulling their money from products.

By Bruce Kelly
Raymond James unveils new CFO in C-suite shakeup
INDEPENDENT BROKER DEALERS MAY 24, 2024
Raymond James unveils new CFO in C-suite shakeup

The broker-dealer giant has revealed new details of leadership changes as part of its long-term succession strategy.

By Leo Almazora
Lawmakers get their wish as SEC gives Ether ETFs the green light
ALTERNATIVES MAY 23, 2024
Lawmakers get their wish as SEC gives Ether ETFs the green light

Citing bitcoin ETFs, a bipartisan group of house representatives issued the call ahead of the federal securities regulator’s pivotal decision.

By Leo Almazora
Retirement savings account balances hit two-year high: Fidelity
RETIREMENT PLANNING MAY 23, 2024
Retirement savings account balances hit two-year high: Fidelity

Data from more than 45 million 401(k), 403(b) and IRA accounts show steady contributions even as "vibecession" weighs on savers.

By Leo Almazora
Raymond James snags $435M Merrill Lynch team
INDEPENDENT BROKER DEALERS MAY 23, 2024
Raymond James snags $435M Merrill Lynch team

The brokerage giant extends its reach in Massachusetts with a group that includes a father-son advisor duo.

By Leo Almazora
$10M penalty vs. NYSE parent goes too far, say SEC commissioners
REGULATION AND LEGISLATION MAY 23, 2024
$10M penalty vs. NYSE parent goes too far, say SEC commissioners

Two dissenting voices from the federal regulator warned the penalty could create "a counter-productive dynamic" with its regulated entities.

By Leo Almazora
iCapital breaks in its distributed ledger capabilities
ALTERNATIVES MAY 23, 2024
iCapital breaks in its distributed ledger capabilities

The fintech's first DLT-enabled fund, launched jointly with UBS, will be the first proof point of its efficiency-boosting technology.

By Leo Almazora
Schwab to offer alternative investments for qualified investors
ALTERNATIVES MAY 23, 2024
Schwab to offer alternative investments for qualified investors

Executives at the online brokerage giant unveiled plans to roll out a platform that includes private credit, PE, VC, and long-short funds.

By Bloomberg
New digital assets legislation is unfit to maintain investor protection, SEC chair warns
REGULATION AND LEGISLATION MAY 23, 2024
New digital assets legislation is unfit to maintain investor protection, SEC chair warns

Financial Innovation and Technology for the 21st Century Act passed by the House.

By Steve Randall
Finra refutes firms' claims that it is forcing them to get workers back into the office
REGULATION AND LEGISLATION MAY 23, 2024
Finra refutes firms' claims that it is forcing them to get workers back into the office

Regulator says that claims of 'stringent' new rules are incorrect.

By Steve Randall
Rise of online brokerages a trend to watch, says Broadridge
FINTECH MAY 22, 2024
Rise of online brokerages a trend to watch, says Broadridge

Landmark study of more than 40 million investors shows shifts in self-directed investing, with balance of power tipping away from mutual funds.

By Leo Almazora
Amid mixed economic outlook, RIAs eye guaranteed investment solutions
RIA NEWS MAY 22, 2024
Amid mixed economic outlook, RIAs eye guaranteed investment solutions

Research lifts lid on RIAs' use of annuities, growth strategies, and opportunity to take wallet share from banks.

By Leo Almazora
New survey highlights caregivers’ retirement conundrum
RETIREMENT PLANNING MAY 22, 2024
New survey highlights caregivers’ retirement conundrum

With two-fifths of US adults worried long-term care costs would keep them from retiring, many are placing their hopes on AI.

By Leo Almazora
US individual annuities see record-breaking first quarter, says Limra
RETIREMENT PLANNING MAY 22, 2024
US individual annuities see record-breaking first quarter, says Limra

Latest survey reveals all-time high of $106.7B in Q1 sales, with winning streaks in fixed-rate deferred annuities, FIAs, and RILAs.

By Leo Almazora
We could still be at the start of a fixed income golden age
OPINION MAY 22, 2024
We could still be at the start of a fixed income golden age

Rate-cutting cycles happen only every few years - investors should position themselves to take advantage.

By Brendan Murphy
SEC slaps NYSE parent firm with $10M penalty for cyber reporting failure
REGULATION AND LEGISLATION MAY 22, 2024
SEC slaps NYSE parent firm with $10M penalty for cyber reporting failure

The federal securities regulator says the exchange giant took four days to report a vulnerability in its network, violating its internal procedures.

By Leo Almazora
LPL bags $4.6B mega-advisor team in North Carolina
INDEPENDENT BROKER DEALERS MAY 22, 2024
LPL bags $4.6B mega-advisor team in North Carolina

The broker-dealer supercharges its network in the east with a roughly 100 advisor team formerly from Lincoln.

By Leo Almazora
Annuity data firm Cannex inks partnership with Luma
FINTECH MAY 22, 2024
Annuity data firm Cannex inks partnership with Luma

The lifetime income research provider’s collaboration brings a new tech platform to empower advisors using annuities.

By Leo Almazora
American workers are feeling more confident about their financial wellbeing: BofA
RETIREMENT PLANNING MAY 22, 2024
American workers are feeling more confident about their financial wellbeing: BofA

Concern about current conditions weakening retirement savings has eased.

By Steve Randall
Focus on outcomes, not mythical legal jargon, says Finseca CEO
REGULATION AND LEGISLATION MAY 21, 2024
Focus on outcomes, not mythical legal jargon, says Finseca CEO

Marc Cadin responds to a recent InvestmentNews editorial and explains why he believes the DOL process and pro-fiduciary rule argument are both flawed.

By James Burton