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Bond traders await US inflation data to reinforce bullish wagers
INDUSTRY NEWS AUG 14, 2024
Bond traders await US inflation data to reinforce bullish wagers

Higher CPI would suggest a more dovish Fed.

By Bloomberg
Is Google about to be broken up by US justice department?
INDUSTRY NEWS AUG 14, 2024
Is Google about to be broken up by US justice department?

Either way, its search business will never be quite the same again.

By Bloomberg
Trading platform could be the K-pop of online brokerages
INDUSTRY NEWS AUG 14, 2024
Trading platform could be the K-pop of online brokerages

South Korean firm wants to disrupt US market.

By Bloomberg
Advisor leaves RayJay, going indy with $1B AUM
RIAS AUG 13, 2024
Advisor leaves RayJay, going indy with $1B AUM

Travis Alexander started his firm in 2016, and it became one of the top revenue producers at Raymond James.

By Emile Hallez
Advisor booted after taking cash from fraternal order for own use
BROKER DEALERS AUG 13, 2024
Advisor booted after taking cash from fraternal order for own use

The advisor "converted approximately $9,000 of chapter funds for his personal use," according to Finra.

By Bruce Kelly
Summit gains strength with Meeder wealth deal
RIAS AUG 13, 2024
Summit gains strength with Meeder wealth deal

The leading RIA has secured an equity interest in the Ohio-based firm’s $400M wealth division through a strategic partnership.

By Leo Almazora
Barred broker, phony hedge fund manager faces final judgment
REGULATION AND LEGISLATION AUG 13, 2024
Barred broker, phony hedge fund manager faces final judgment

The ex-broker cheated a senior investor out of more than $700k and attempted to hide it in Ponzi-like fashion, according to the SEC.

By Leo Almazora
Trump, Harris vie for votes with tax policy tit-for-tat
INDUSTRY NEWS AUG 13, 2024
Trump, Harris vie for votes with tax policy tit-for-tat

The warring Democratic and Republican camps have floated a generous child tax break and ending taxes on Social Security, among other proposals.

By Bloomberg
Raymond James stretches recruitment streak with ex-JPMorgan advisor
ADVISOR MOVES AUG 13, 2024
Raymond James stretches recruitment streak with ex-JPMorgan advisor

The independent giant’s latest addition in Texas, a 20-year veteran breakaway advisor, reportedly managed $150M in client assets.

By Leo Almazora
World Investment Advisors bolsters leadership with new CFO
INDUSTRY NEWS AUG 13, 2024
World Investment Advisors bolsters leadership with new CFO

The firm recently known as Pensionmark is looking to its next phase of growth with a leader experienced in complex M&A transactions.

By Leo Almazora
Ameriprise lands $1.5B powerhouse group from UBS
BROKER DEALERS AUG 13, 2024
Ameriprise lands $1.5B powerhouse group from UBS

The elite five-advisor team with a focus on HNW clients and retirement planning is extending the IBD giant’s recruitment streak in Texas

By Leo Almazora
$630M superteam from Osaic departs to Commonwealth
RIAS AUG 13, 2024
$630M superteam from Osaic departs to Commonwealth

The family-owned ensemble led by sibling advisors adds to the fast-growing RIA's footprint in Arizona.

By Leo Almazora
Stocks climb as July PPI stokes Fed speculation
INDUSTRY NEWS AUG 13, 2024
Stocks climb as July PPI stokes Fed speculation

The latest read from the Bureau of Labor Statistics shows muted gains in producer prices, supporting hopes of a September cut.

By Bloomberg
Janus Henderson acquires majority stake in $6B global private credit manager
INDUSTRY NEWS AUG 13, 2024
Janus Henderson acquires majority stake in $6B global private credit manager

Firm says asset-backed lending is a significant market opportunity.

By Steve Randall
State Street names leader for its largest business, Investment Services
INDUSTRY NEWS AUG 13, 2024
State Street names leader for its largest business, Investment Services

Internal appointment recognizes role in driving business success.

By Steve Randall
Wealthtech firms partner up to help advisors enhance tech capabilities
INDUSTRY NEWS AUG 13, 2024
Wealthtech firms partner up to help advisors enhance tech capabilities

Firms have a shared vision for 'democratizing access to wealth management tools.'

By Steve Randall
Investors still bullish on big tech despite market volatility
INDUSTRY NEWS AUG 13, 2024
Investors still bullish on big tech despite market volatility

BofA survey also shows continued expectation of a soft landing for US.

By Bloomberg
Oil prices could ease as IEA data suggests surplus ahead
INDUSTRY NEWS AUG 13, 2024
Oil prices could ease as IEA data suggests surplus ahead

It all depends on OPEC+ plan to hike supplies.

By Bloomberg
B. Riley misses report to regulators as it struggles to value assets
INDUSTRY NEWS AUG 13, 2024
B. Riley misses report to regulators as it struggles to value assets

Investment firm is under SEC investigation.

By Bloomberg
Worried about the job market? It's time to build emergency savings
INDUSTRY NEWS AUG 12, 2024
Worried about the job market? It's time to build emergency savings

While a healthcare worker might not spend very long being unemployed, the same might not be the case for a tech worker, and there is a case for up to 18 months' of savings.

By Emile Hallez