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Are investors souring on elite soccer assets?
INDUSTRY NEWS AUG 21, 2024
Are investors souring on elite soccer assets?

Investing in the UK's premier league isn't the game it once was.

By Bloomberg
IRS offers clarity around 401(k) matches to student loan payments
RETIREMENT PLANNING AUG 20, 2024
IRS offers clarity around 401(k) matches to student loan payments

New interim guidance addresses concerns around the retirement savings work perk set out in the SECURE 2.0 Act.

By Leo Almazora
Large IBDs more likely to feel cash sweep pain: Moody's
BROKER DEALERS AUG 20, 2024
Large IBDs more likely to feel cash sweep pain: Moody's

"Highly leveraged wealth managers face the greatest competitive risk from an increase in rates paid to clients," according to Moody's.

By Bruce Kelly
Gold shrinks from new record as investors look ahead to Jackson Hole
INDUSTRY NEWS AUG 20, 2024
Gold shrinks from new record as investors look ahead to Jackson Hole

The haven asset "remains in record-setting mode" as numerous data reports lead up to Federal Reserve Chair Powell's anticipated address.

By Bloomberg
Trump nears all-clear to cash in on his social media empire
INDUSTRY NEWS AUG 20, 2024
Trump nears all-clear to cash in on his social media empire

There's just a month to go before he can sell his stake of the volatile Trump Media stock ... but will he?

By Bloomberg
SEC fines Texas investment adviser $95k for “pay to play” rule breach
REGULATION AND LEGISLATION AUG 20, 2024
SEC fines Texas investment adviser $95k for “pay to play” rule breach

The firm reportedly violated a two-year “time out” that was triggered when an employee made a campaign contribution to a key government official.

By Leo Almazora
Rise Growth Partners strikes inaugural RIA partnership
RIAS AUG 20, 2024
Rise Growth Partners strikes inaugural RIA partnership

Joe Duran’s vision to support growth-minded RIAs is taking flight as it acquires a minority stake in a $10B wealth firm.

By Leo Almazora
SEC marketing rule is "challenging" to navigate, say advisors
INDUSTRY NEWS AUG 20, 2024
SEC marketing rule is "challenging" to navigate, say advisors

Rule was designed to be more permissive but advisors remain cautious about touting returns and hypothetical performance.

By Josh Welsh
Gen AI takes priority for asset managers as ESG excitement cools
ALTERNATIVES AUG 20, 2024
Gen AI takes priority for asset managers as ESG excitement cools

Index Industry Association survey reveals growing adoption of AI tools, tempered ESG expectations, and evolving demands for index providers.

By Leo Almazora
Wisconsin $120M advisor joins established Ameriprise independent practice
ADVISOR MOVES AUG 20, 2024
Wisconsin $120M advisor joins established Ameriprise independent practice

Move from Raymond James follows consideration of several broker-dealers.

By Steve Randall
Cutting back is the new splashing out as American reach 'peak price rises'
INDUSTRY NEWS AUG 20, 2024
Cutting back is the new splashing out as American reach 'peak price rises'

Thriftiness is impacting everything from grocery shopping to a cup of joe.

By Steve Randall
Northern Trust partners with fintech to help kids of HNW clients learn financial literacy
INDUSTRY NEWS AUG 20, 2024
Northern Trust partners with fintech to help kids of HNW clients learn financial literacy

Platform encourages families to take meaningful steps in financial education.

By Steve Randall
Morgan Stanley International chair among missing after yacht disaster
INDUSTRY NEWS AUG 20, 2024
Morgan Stanley International chair among missing after yacht disaster

Jonathan Bloomer was on the luxury vessel that sank off Sicily.

By Bloomberg
Global stocks on track for 2024's best winning streak
INDUSTRY NEWS AUG 20, 2024
Global stocks on track for 2024's best winning streak

Monday continued gains for US, international indexes.

By Bloomberg
Why Wall Street strategists are betting on European equities
INDUSTRY NEWS AUG 20, 2024
Why Wall Street strategists are betting on European equities

Survey of experts reveals optimism for new record highs.

By Bloomberg
Why technology has changed asset allocation fundamentally
OPINION AUG 19, 2024
Why technology has changed asset allocation fundamentally

Discussion around the “pensionization” of 401(k)s is emerging, which requires a different asset allocation mindset.

By Anna Garcia
Middle-market Americans feel fine on finances, but economic worries remain
INDUSTRY NEWS AUG 19, 2024
Middle-market Americans feel fine on finances, but economic worries remain

Most survey respondents are saving less because of inflation and taxes, but less than half have turned to advisors for help.

By Leo Almazora
Wall Street extends stocks' $3T winning streak
INDUSTRY NEWS AUG 19, 2024
Wall Street extends stocks' $3T winning streak

Investor hopes for a Fed rate cut build as the central bank's pivotal meeting at Jackson Hole approaches.

By Bloomberg
Gold keeps glittering. But are financial advisors buying?
INDUSTRY NEWS AUG 19, 2024
Gold keeps glittering. But are financial advisors buying?

Gold continues to flirt with new highs, but not all advisors have been lured in by the shiny metal.

By Gregg Greenberg
SEC "took advantage of what they could" in case against Icahn
REGULATION AND LEGISLATION AUG 19, 2024
SEC "took advantage of what they could" in case against Icahn

The regulator has been interested in Carl Icahn and his company for a long time, one compliance expert noted.

By Emile Hallez