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Total US homeowner equity reached $17.6T in the second quarter
INDUSTRY NEWS SEP 13, 2024
Total US homeowner equity reached $17.6T in the second quarter

But the average homeowner saw year-over-year increase decrease.

By Steve Randall
Focus Financial, CAIS expand relationship to scale alternative investments offerings
INDUSTRY NEWS SEP 13, 2024
Focus Financial, CAIS expand relationship to scale alternative investments offerings

The firms have been working together for more than a decade.

By Steve Randall
Former Fed president sees strong case for 50-point cut next week
INDUSTRY NEWS SEP 13, 2024
Former Fed president sees strong case for 50-point cut next week

William Dudley says softening labor market is prime concern.

BofA's Hartnett says jobs data is key to equities movement
INDUSTRY NEWS SEP 13, 2024
BofA's Hartnett says jobs data is key to equities movement

Until there is clarity, stocks are set for sideways trading.

Wealthy seeing fastest rising risk from climate change
INDUSTRY NEWS SEP 13, 2024
Wealthy seeing fastest rising risk from climate change

Study says poorest will still be most impacted but rich face challenges.

Trading platform eToro agrees to $1.5M penalty in SEC settlement
ALTERNATIVES SEP 12, 2024
Trading platform eToro agrees to $1.5M penalty in SEC settlement

The retail investing firm is scaling back its crypto offerings after allegedly crossing regulatory lines as an unregistered broker.

By Bloomberg
Wells Fargo slapped with $3M in sanctions for trading supervision shortfalls
REGULATION AND LEGISLATION SEP 12, 2024
Wells Fargo slapped with $3M in sanctions for trading supervision shortfalls

The Wall Street bank's main broker-dealer failed to adequately oversee reps who recommended losing short-term trades in closed-end funds, medium-term notes, and syndicate preferred stocks, according to Finra.

By Leo Almazora
Merrill bags $2.2B advisor duo from Morgan Stanley
WIREHOUSES SEP 12, 2024
Merrill bags $2.2B advisor duo from Morgan Stanley

The two elite advisors, including a 30-year industry veteran, extend the firm's reach in Illinois and North Carolina.

By Leo Almazora
After split with LPL, Merit Financial taps Purshe Kaplan Sterling as new B-D
BROKER DEALERS SEP 12, 2024
After split with LPL, Merit Financial taps Purshe Kaplan Sterling as new B-D

“It made the most sense for us to make this decision,” says Merit's president Kay Lynn Mayhue.

By Bruce Kelly
Is your company an employer of choice?
INDUSTRY NEWS SEP 12, 2024
Is your company an employer of choice?

InvestmentNews' search for the top employers in the industry is underway.

By InvestmentNews
Faith-based advisor and minister defrauds clients in Tennessee, SEC charges
REGULATION AND LEGISLATION SEP 12, 2024
Faith-based advisor and minister defrauds clients in Tennessee, SEC charges

"There are many psychological factors that go into such a fraud,” attorney says.

By Bruce Kelly
The transparency choice for ETFs
ETFS SEP 12, 2024
The transparency choice for ETFs

Money has been pouring into actively managed ETFs and out of active mutual funds, but the future for the products, including semi-transparent ones, is hardly certain.

By Emile Hallez
Cetera OSJ Wilde Wealth welcomes $400M advisor from UBS
BROKER DEALERS SEP 12, 2024
Cetera OSJ Wilde Wealth welcomes $400M advisor from UBS

The veteran with nearly three decades of experience will lead the Arizona-based firm's newly established family office division.

By Leo Almazora
Hightower takes strategic stake in $2.3B Charles D. Hyman & Co.
RIAS SEP 12, 2024
Hightower takes strategic stake in $2.3B Charles D. Hyman & Co.

The national RIA extends its reach in Florida with the addition of a five-person multigenerational planning team to its advisor network.

By Leo Almazora
Voya to buy $60B retirement plan business from OneAmerica
RETIREMENT PLANNING SEP 12, 2024
Voya to buy $60B retirement plan business from OneAmerica

The company's deal to pick up the defined contribution business is one of the bigger ones in recent years, in an industry that keeps consolidating.

AI-boom has advisors looking for power plays
EQUITIES SEP 12, 2024
AI-boom has advisors looking for power plays

Soaring power usage due to the AI-revolution is causing wealth managers to look far and wide for energy investments.

By Gregg Greenberg
Grieving clients need a patient and empathetic advisor
PRACTICE MANAGEMENT SEP 12, 2024
Grieving clients need a patient and empathetic advisor

Tricia Mulcare shares the touch points that work for her when a client loses a loved one.

By Josh Welsh
Digital family office hires heads of wealth management, advisory operations
INDUSTRY NEWS SEP 12, 2024
Digital family office hires heads of wealth management, advisory operations

Strategic hires made as firm achieves significant AUM milestone.

By Steve Randall
Easterly Asset Management hires private market sales leaders
INDUSTRY NEWS SEP 12, 2024
Easterly Asset Management hires private market sales leaders

Duo will drive growth and diversification of firm’s alternatives solutions offering.

By Steve Randall
BlackRock, Partners team up for retail private markets offering
INDUSTRY NEWS SEP 12, 2024
BlackRock, Partners team up for retail private markets offering

Firms to offer 'one stop portfolio' solution.