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Recruiting is all in the family for Jodie Papike
BROKER DEALERS SEP 03, 2024
Recruiting is all in the family for Jodie Papike

"I have small firm roots, just look at my dad," Jodie Papike said.

By Bruce Kelly
Which Wall Street leader is the only one to be among America's big bonus CEOs?
INDUSTRY NEWS SEP 03, 2024
Which Wall Street leader is the only one to be among America's big bonus CEOs?

New analysis reveals which companies pay the biggest bonuses to their leaders.

By Steve Randall
LPL bats for advisors with new political action chief
BROKER DEALERS SEP 03, 2024
LPL bats for advisors with new political action chief

The broker-dealer giant's new chief advocacy officer boasts more than 25 years of experience in government relations lobbying for financial services companies.

By Leo Almazora
Mesirow snaps up Florida-based Price Wealth Management
RIAS SEP 03, 2024
Mesirow snaps up Florida-based Price Wealth Management

The employee-owned financial giant is looking to expand in the Southeast as part of a broader master plan for strategic growth.

By Leo Almazora
Former RIA to pay $225k over crypto custody failures
ALTERNATIVES SEP 03, 2024
Former RIA to pay $225k over crypto custody failures

Around half of the assets held by a private fund advised by the Florida-based firm were lost in 2022 amid the collapse of FTX, according to the SEC.

By Leo Almazora
Mercer expands in Connecticut with $412M acquisition
RIAS SEP 03, 2024
Mercer expands in Connecticut with $412M acquisition

The national RIA is broadening its presence in the Northeast with a veteran-led planning practice for high-net-worth clients.

By Leo Almazora
Global markets await US economic data
INDUSTRY NEWS SEP 03, 2024
Global markets await US economic data

Several key indicators are due over the next few days.

Thousands of church workers closer to recouping $90M in misappropriated retirement funds
INDUSTRY NEWS SEP 03, 2024
Thousands of church workers closer to recouping $90M in misappropriated retirement funds

The workers and retirees lost out as retirement plan duties were not honored.

By Steve Randall
Advisor satisfaction high even as market fears grow, survey says
INDUSTRY NEWS SEP 03, 2024
Advisor satisfaction high even as market fears grow, survey says

A new investor survey from Janus Henderson shows the upcoming election is unnerving clients.

By Gregg Greenberg
RBC grows mid-Atlantic footprint with double-team addition from Wells Fargo
BROKER DEALERS AUG 30, 2024
RBC grows mid-Atlantic footprint with double-team addition from Wells Fargo

RBC Wealth Management’s latest hires in Pennsylvania and Virginia reportedly managed $801M in client assets combined.

By Leo Almazora
Cetera extends reach in Ohio with 42-year veteran advisor
INDUSTRY NEWS AUG 30, 2024
Cetera extends reach in Ohio with 42-year veteran advisor

The independent broker-dealer’s latest addition reportedly managed $108M in AUA at Lincoln Financial Advisors.

By Leo Almazora
Fed's favored inflation metric sets the table for September
INDUSTRY NEWS AUG 30, 2024
Fed's favored inflation metric sets the table for September

Latest federal data on prices and consumer spending add further support to the case for rate cuts.

Government 'mystery shopper' finds IRA fiduciary oversight is lacking
REGULATION AND LEGISLATION AUG 30, 2024
Government 'mystery shopper' finds IRA fiduciary oversight is lacking

Recommendations include new process to identify prohibited transactions.

By Steve Randall
Bullishness remains elevated despite volatility as investors see sunnier times
INDUSTRY NEWS AUG 30, 2024
Bullishness remains elevated despite volatility as investors see sunnier times

Two polls of investor sentiment reveals mostly optimism.

By Steve Randall
Treasuries poised for longest winning streak in three years
INDUSTRY NEWS AUG 30, 2024
Treasuries poised for longest winning streak in three years

Traders are focusing on Fed rate cuts rather than data releases.

By Bloomberg
Goldman says dollar-to-yuan 'avalanche' is overstated
INDUSTRY NEWS AUG 30, 2024
Goldman says dollar-to-yuan 'avalanche' is overstated

Firm says Chinese companies are not yet ready to abandon the greenback.

By Bloomberg
Musk, Tesla win dismissal of Dogecoin 'pyramid scheme' suit
INDUSTRY NEWS AUG 30, 2024
Musk, Tesla win dismissal of Dogecoin 'pyramid scheme' suit

Court said 'no reasonable investor' could rely on Musk's crypto views.

By Bloomberg
Are governments about to dump crypto holdings?
INDUSTRY NEWS AUG 30, 2024
Are governments about to dump crypto holdings?

Market concerned about impact on supply overhang.

By Bloomberg
$300M Northwestern Mutual team decamps to RayJay
BROKER DEALERS AUG 29, 2024
$300M Northwestern Mutual team decamps to RayJay

The group led by a trio of advisors is joining the firm’s independent advisor channel in Colorado.

By Leo Almazora
Elizabeth Warren presses for details on Finra's enforcement slowdown
INDUSTRY NEWS AUG 29, 2024
Elizabeth Warren presses for details on Finra's enforcement slowdown

Decline in actions appears to indicate "a deliberate deregulatory effort," the Democratic senator said in a letter.

By Bloomberg