Ex-UBS wealth chief Tom Naratil joins Lightyear Capital
Naratil, a 39-year veteran of UBS, last fall stepped down from his senior roles at the wirehouse.
Goldman Sachs attracts Creative Planning to its RIA custody business
With $210 billion in AUM, Creative Planning marks one of the largest RIAs to join Goldman's custodian.
Cetera sees 9% of Securian advisors bolt after acquisition
Meanwhile, Cetera is offering tailored retention bonuses to Securian advisors who manage offices.
In surprise announcement, IRS says it will stop unannounced tax visits
Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.
UBS to pay $387M in fines linked to Credit Suisse’s dealings with Archegos
The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.
Take off, TikTok! Advisors still Americans’ top source for financial advice
Millennials in a Northwestern Mutual study say they turn to flesh-and-blood financial advisors for guidance over all other sources.
Kingsview Partners expands on Texas Panhandle with $600M Edward Jones advisors
A family of three advisors has joined the firm, its second expansion in the region in the past two months at the expense of Edward Jones.
Most Americans have a financial regret but what’s most prevalent?
With personal finances under strain for millions of Americans, most are wishing they had done things differently.
Poor start for equities ahead of rate decisions, earnings
Weaker-than-expected data is adding to the negative sentiment early Monday.
Companies with $27T market value report earnings this week
What will the high-value corporate earnings season do to stock markets?
Bypassing Wall Street proves costly for P2P crypto exchanges
The peer-to-peer trading digital asset trading platforms are struggling to achieve their decentralized dreams.
Sustainable fund outflows aren’t fazing advisors
Performance has turned around for ESG-themed funds in recent months.
Should you tell your kids how much they’ll inherit?
The Great Wealth Transfer is underway, but advisors say open dialogue within families is crucial to success.
Trump-linked SPAC to pay $18M fine to SEC over ‘material misrepresentations’
Share price soars on news.
Goldman Sachs, Morgan Stanley and others spend $1 billion on redundancies
More job cuts to come, meanwhile JPMorgan is hiring.
Investors are bullish but expect continued market volatility, says Morgan Stanley
Investor sentiment is rising along with expectation of the Fed navigating a soft landing.
Former $245M Wells Fargo advisors launch own firm with LPL Financial
Duo joins the employee advisor channel, while another $250M team chooses LPL’s platforms.
Corporate earnings in focus, Fed direction remains uncertain
Markets start Friday subdued as data suggests rate rises may continue.
Elon Musk loses $20B but remains world’s wealthiest
Tesla stock declined Thursday putting Musk just $33B ahead of luxury goods tycoon Bernard Arnault in the rich list.
FTX lawsuit alleges big bonuses, abuse of power, and a private island
The list of complaints against the collapsed crypto exchange executives is building.
