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Lower-grade debt a hot area for CLO ETFs, asset managers say
ETFS FEB 21, 2025
Lower-grade debt a hot area for CLO ETFs, asset managers say

The AAA-rated collateralized loan obligation ETF space is getting crowded. ETF sponsors have been building out products focused on lower credit ratings, with the potential for higher yields.

Wealth firms eye tech, AI to drive growth in 2025
PRACTICE MANAGEMENT FEB 21, 2025
Wealth firms eye tech, AI to drive growth in 2025

Report finds three-fifths of leading executives prioritize improving data analytics and customer engagement, but costs and data security pose concerns.

By Leo Almazora
Wealthy Americans buck a wider trend on savings intentions, but that may change
INDUSTRY NEWS FEB 21, 2025
Wealthy Americans buck a wider trend on savings intentions, but that may change

US retailers may face additional challenges as consumer spending eases.

By Steve Randall
It turns out most people don't think real estate is the best long-term investment
INDUSTRY NEWS FEB 21, 2025
It turns out most people don't think real estate is the best long-term investment

New report also reveals which asset makes people uncomfortable.

By Steve Randall
Trump ramps up tariff cheerleading with $4.5T tax cuts at risk
INDUSTRY NEWS FEB 21, 2025
Trump ramps up tariff cheerleading with $4.5T tax cuts at risk

Evidence that tariffs will generate revenue is key to Congress agreement.

By Bloomberg
What is the 'Mar-a-Lago Accord' and why is Wall Street taking notice?
INDUSTRY NEWS FEB 21, 2025
What is the 'Mar-a-Lago Accord' and why is Wall Street taking notice?

Trump is likely to take aim at financial system status quo says Jim Bianco.

By Bloomberg
BlackRock resumes talks after digesting new SEC guidelines
INDUSTRY NEWS FEB 21, 2025
BlackRock resumes talks after digesting new SEC guidelines

Asset manager paused investment stewardship meetings last week.

By Bloomberg
Houston, we have a problem: NASA is latest in line for Musk cuts
INDUSTRY NEWS FEB 21, 2025
Houston, we have a problem: NASA is latest in line for Musk cuts

Billionaire boldly goes where he sees potential federal cash savings.

By Bloomberg
Vermont selects Vestwell to administer 529 savings program
INDUSTRY NEWS FEB 20, 2025
Vermont selects Vestwell to administer 529 savings program

Building on existing partnerships in auto-IRA and disability savings, the deal solidifies the fintech platform's role supporting investors in the state.

By Leo Almazora
Billionaire Perot cites 'big concern' on Trump tariff threats
INDUSTRY NEWS FEB 20, 2025
Billionaire Perot cites 'big concern' on Trump tariff threats

The second-term president's "inflationary and confusing" pronouncements notwithstanding, the Texas real estate tycoon and longtime Republican backer said he feels no voter's remorse.

By Bloomberg
LPL amps up alts capabilities with new centralized platform
ALTERNATIVES FEB 20, 2025
LPL amps up alts capabilities with new centralized platform

The broker-dealer behemoth is addressing demand from high-net-worth advisors and investors with a new partnership, while deepening its collaboration with SS&C and iCapital.

By Leo Almazora
Finra bars ex-Morgan Stanley broker previously charged with mail fraud
BROKER DEALERS FEB 20, 2025
Finra bars ex-Morgan Stanley broker previously charged with mail fraud

According to his BrokerCheck report, Roger A. Gallagher was charged last August with two felony counts and he pleaded not guilty to both.

By Bruce Kelly
Fidelity strengthens ETF portfolio focus with new suites
ETFS FEB 20, 2025
Fidelity strengthens ETF portfolio focus with new suites

The investing giant's newest model portfolio offerings blend active, passive, and third-party ETFs to target a range of risk and asset allocation profiles.

By Leo Almazora
Where RIAs stand on the full-time, return-to-office trend
RIAS FEB 20, 2025
Where RIAs stand on the full-time, return-to-office trend

Washington and Wall Street are demanding employees work in the office five days a week. Here's what RIAs are saying.

By Gregg Greenberg
Dynasty adds CIBC breakaways as Sanctuary unveils first strategic capital partnership
RIAS FEB 20, 2025
Dynasty adds CIBC breakaways as Sanctuary unveils first strategic capital partnership

Sanctuary Wealth's latest minority investment marks a new phase in the RIA aggregator's efforts to support independent advisor growth on its platform.

By Leo Almazora
Trump's first month sees traders dumping America-first wagers
EQUITIES FEB 20, 2025
Trump's first month sees traders dumping America-first wagers

The initial euphoria around the second-term president's arrival has faded, with rallies in US stocks and cryptocurrencies giving way to bearish sentiment.

By Bloomberg
Trump executive order gives White House influence over SEC rulemaking
REGULATION AND LEGISLATION FEB 20, 2025
Trump executive order gives White House influence over SEC rulemaking

The order weighing on the federal agency's independence could also have implications on enforcement activity, concerned observers say.

By Leo Almazora
New ETFs from JPMorgan, Invesco among recent launches
INDUSTRY NEWS FEB 20, 2025
New ETFs from JPMorgan, Invesco among recent launches

Growing cohort of exchange-traded funds enhances options for investors.

By Steve Randall
LPL Financial picks up $900M team from Raymond James
INDUSTRY NEWS FEB 20, 2025
LPL Financial picks up $900M team from Raymond James

New recruits join the firm's broker-dealer, RIA, and custodial platforms.

By Steve Randall
VestGen c-suite includes seasoned industry execs from LPL, Hightower
INDUSTRY NEWS FEB 20, 2025
VestGen c-suite includes seasoned industry execs from LPL, Hightower

Fledgling $5.3B RIA platform has ambitious growth plans.

By Steve Randall