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Wall Street adopts new defense against attacks on ESG
ESG JAN 19, 2024
Wall Street adopts new defense against attacks on ESG

Climate alliances are changing their language to counter GOP allegations that climate alliances represent a form of collusion that warrants antitrust lawsuits.

By Bloomberg
Want to make a 'few billion dollars'? Entrepreneur explains how
INDUSTRY NEWS JAN 19, 2024
Want to make a 'few billion dollars'? Entrepreneur explains how

Billionaire Brad Jacobs offers tips from his experience founding seven billion-dollar companies.

By Gregg Greenberg
Bullishness is rising with rate cut expectations, reveals Morgan Stanley poll
INDUSTRY NEWS JAN 19, 2024
Bullishness is rising with rate cut expectations, reveals Morgan Stanley poll

Investors have increased confidence in rate cuts, soft landing for the US economy.

By Steve Randall
Citi launches $2B private lending solution with LuminArx Capital
ALTERNATIVES JAN 19, 2024
Citi launches $2B private lending solution with LuminArx Capital

The two firms' capabilities aim to provide a differentiated offering.

By Steve Randall
Blackstone CEO says 'animal spirits' are returning to markets
INDUSTRY NEWS JAN 19, 2024
Blackstone CEO says 'animal spirits' are returning to markets

Steve Schwarzman says expectations of Fed rate cuts are enticing investors.

By Bloomberg
Almost 74,000 to benefit as Biden cancels $5B student debt
INDUSTRY NEWS JAN 19, 2024
Almost 74,000 to benefit as Biden cancels $5B student debt

Public servants make up the bulk of beneficiaries.

By Bloomberg
JPMorgan's Jamie Dimon is getting a hefty pay rise
BROKER DEALERS JAN 19, 2024
JPMorgan's Jamie Dimon is getting a hefty pay rise

CEO to benefit from 5% increase amid firm's strong profits.

By Bloomberg
How one emerging-market money manager is beating 99% of his peers
INDUSTRY NEWS JAN 19, 2024
How one emerging-market money manager is beating 99% of his peers

Looking beyond the Fed is paying off for Canadian fund manager.

By Bloomberg
What you need to know about Fidelity Roth conversions 
JAN 19, 2024
What you need to know about Fidelity Roth conversions 

In this article, we’ll discuss how Roth conversions work, focusing on Roth IRA accounts with Fidelity. We’ll go over when to do conversions, when not to, and what to expect. Read on for more

By Ramon Berenguer
UBS lands $2B team from Merrill Lynch
WIREHOUSES JAN 18, 2024
UBS lands $2B team from Merrill Lynch

New York City-based GKB & Associates includes five advisors.

By InvestmentNews
Reg BI enforcement poised to take next step 
REGULATION AND LEGISLATION JAN 18, 2024
Reg BI enforcement poised to take next step 

Brokers have been wondering whether they’re complying correctly with the standard of conduct. Enforcement cases this year may shed more light than ever before.  

By Mark Schoeff Jr.
Robinhood to pay $7.5M to settle Massachusetts charges
REGULATION AND LEGISLATION JAN 18, 2024
Robinhood to pay $7.5M to settle Massachusetts charges

'We reject the premise that any part of our app, past or present, is 'gamified,'' a Robinhood spokesperson notes.

By Bruce Kelly
Captrust acquires $770M Texas RIA
RIAS JAN 18, 2024
Captrust acquires $770M Texas RIA

Engrave Wealth Partners, based in The Woodlands, has 10 team members.

By InvestmentNews
RIA M&A is here for the longer term, says Fidelity
RIAS JAN 18, 2024
RIA M&A is here for the longer term, says Fidelity

Strong activity in the third quarter of 2023 continued into the fourth quarter.

By Steve Randall
Stocks drop, bonds rise as Fed rate bets ease
INDUSTRY NEWS JAN 18, 2024
Stocks drop, bonds rise as Fed rate bets ease

Strong US economy could keep policymakers on the sidelines.

By Bloomberg
JPMorgan warns of increased hacker threats
INDUSTRY NEWS JAN 18, 2024
JPMorgan warns of increased hacker threats

The firm has seen an increase in hackers targeting its systems.

By Bloomberg
RBC chief eyes 'significant opportunities' in US capital markets
BROKER DEALERS JAN 18, 2024
RBC chief eyes 'significant opportunities' in US capital markets

Canadian bank's CEO aims to expand the firm’s share of the market.

By Bloomberg
Rockefeller continues roll in hiring advisors as 2024 kicks off
ADVISOR MOVES JAN 17, 2024
Rockefeller continues roll in hiring advisors as 2024 kicks off

Rockefeller Capital's broker-dealer has seen a net gain of 271 financial advisors since 2020.

By Bruce Kelly
Despite SEC’s novel alignment on bitcoin ETF, it’s business as usual in regulatory politics
REGULATION AND LEGISLATION JAN 17, 2024
Despite SEC’s novel alignment on bitcoin ETF, it’s business as usual in regulatory politics

'This vote is not going to usher in a new era of strange alliances on votes on rulemakings or other applications to list and trade products,' says a securities lawyer. But staving off potential court intervention may shape upcoming final rules.

By Mark Schoeff Jr.
DOL gives go-ahead to auto enrollment in emergency accounts
RETIREMENT PLANNING JAN 17, 2024
DOL gives go-ahead to auto enrollment in emergency accounts

The regulator issued a set of answers to frequently asked questions addressing contributions, limits and investment types.

By Emile Hallez