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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
Finra bars broker who forged clients’ annuity switches
BROKER DEALERS AUG 19, 2024
Finra bars broker who forged clients’ annuity switches

"We're seeing more instances of clients being switched out of annuities," says one plaintiff's attorney.

By Bruce Kelly
Multigenerational team from Baird moves to Raymond James
ADVISOR MOVES AUG 19, 2024
Multigenerational team from Baird moves to Raymond James

The advisor trio, a father and his two sons, are joining the firm’s employee advisor unit in Indiana after managing more than $290M.

By Leo Almazora
Mega RIAs still making deals
RIAS AUG 19, 2024
Mega RIAs still making deals

Giant firms may be shunning public markets – but they are exploring other sources of capital, including going private or selling minority stakes to emerging sovereign wealth funds.

By Bruce Kelly
Goldman sees gains ahead as "pain trade" shoots higher for equities
INDUSTRY NEWS AUG 19, 2024
Goldman sees gains ahead as "pain trade" shoots higher for equities

Strategist who correctly called late-summer correction in US stocks is making a tactically bullish turn.

By Bloomberg
Three things to get right to attract HNW clients
OPINION AUG 19, 2024
Three things to get right to attract HNW clients

Moving upstream and gaining more decamillionaires requires a different value proposition compared to simply running a successful wealth management firm.

By Kristine McManus
Fee compression or more services?
OPINION AUG 19, 2024
Fee compression or more services?

Advisors intent on landing new client relationships have a decision to make.

By Scott Hanson
Jay Shah revs up Edelman Financial Engines
RIAS AUG 19, 2024
Jay Shah revs up Edelman Financial Engines

CEO steering the RIA juggernaut has an impressive track record of using technology to scale, but he says the real power is marrying this with people.

By Gregg Greenberg
LPL recruits $375M independent team from Wells Fargo
ADVISOR MOVES AUG 19, 2024
LPL recruits $375M independent team from Wells Fargo

The broker-dealer giant grows in North Carolina as the experienced planning team comes under its supported independence model.

By Leo Almazora
CW Advisors scoops up $1.2B RIA Agili
RIAS AUG 19, 2024
CW Advisors scoops up $1.2B RIA Agili

The Audax-backed RIA in Boston has secured new footholds in the Eastern US with its latest landmark transaction.

By Leo Almazora
Morgan Stanley team joins NewEdge Wealth in Allentown
ADVISOR MOVES AUG 19, 2024
Morgan Stanley team joins NewEdge Wealth in Allentown

It's the second expansion of the firm’s network announced in the last week.

By Steve Randall
Woman charged over alleged Elvis Presley loan fraud scheme  
INDUSTRY NEWS AUG 19, 2024
Woman charged over alleged Elvis Presley loan fraud scheme  

Legendary Graceland home faced foreclosure amid loan repayment demand.

By Steve Randall
Stocks pause ahead of Jackson Hole symposium
INDUSTRY NEWS AUG 19, 2024
Stocks pause ahead of Jackson Hole symposium

This week's meeting should give further signals on rates.

By Bloomberg
Corporate America overestimating sales, warns Goldman Sachs
INDUSTRY NEWS AUG 19, 2024
Corporate America overestimating sales, warns Goldman Sachs

Strategists say firms are downplaying softer US economy, dollar.

By Bloomberg
Asia currencies at seven-month high amid US 'Goldilocks' scenario
INDUSTRY NEWS AUG 19, 2024
Asia currencies at seven-month high amid US 'Goldilocks' scenario

Further gains for currencies could be ahead.

By Bloomberg
Bitcoin fails to capitalize on rising global risk sentiment
INDUSTRY NEWS AUG 19, 2024
Bitcoin fails to capitalize on rising global risk sentiment

Cryptocurrency continuing lower despite improved optimism.

By Bloomberg
Harris pitches new tax credits, subsidies in sweeping "opportunity economy" pledge
INDUSTRY NEWS AUG 16, 2024
Harris pitches new tax credits, subsidies in sweeping "opportunity economy" pledge

The Democratic presidential nominee is courting votes with expanded aid for first-time homebuyers, parental tax perks, and drug price caps.

By Bloomberg
Bryant Riley offers $7 per share to take embattled firm private
BROKER DEALERS AUG 16, 2024
Bryant Riley offers $7 per share to take embattled firm private

"If they do something quickly to stabilize the firm they should be fine," one industry executive said about B. Riley Financial.

By Bruce Kelly