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US equities can avoid drop if bond yields stay below 5%, says BofA
INDUSTRY NEWS OCT 13, 2023
US equities can avoid drop if bond yields stay below 5%, says BofA

Strategist Michael Hartnett continues his bearish outlook for stocks.

By Bloomberg
Bank earnings season begins but will investors be convinced?
INDUSTRY NEWS OCT 13, 2023
Bank earnings season begins but will investors be convinced?

Even strong results may not be enough to clam fears.

By Bloomberg
Sharp rise for oil as Middle East tension escalates
INDUSTRY NEWS OCT 13, 2023
Sharp rise for oil as Middle East tension escalates

WTI up 3% this week amid trading volatility.

By Bloomberg
How the other half live: Bezos buys neighbor's $79M mansion
INDUSTRY NEWS OCT 13, 2023
How the other half live: Bezos buys neighbor's $79M mansion

Amazon chief gets a 7% discount on 'Billionaire's Bunker' home.

By Bloomberg
RIA M&A surges back in the third quarter: Report
INDUSTRY NEWS OCT 12, 2023
RIA M&A surges back in the third quarter: Report

The marketplace for registered investment advisors saw 'a rebound to levels of deal activity not seen since early 2022,' according to Echelon Partners.

By Bruce Kelly
House Republican demands SEC turn over ESG documents
REGULATION AND LEGISLATION OCT 12, 2023
House Republican demands SEC turn over ESG documents

House Oversight Committee Chairman James Comer wants to know about US involvement in crafting EU ESG regulations.

By Bloomberg
Allworth Financial names new CEO
INDUSTRY NEWS OCT 12, 2023
Allworth Financial names new CEO

John Bunch’s resume includes stints at Edelman Financial Engines, The Mutual Fund Store, TD Ameritrade and Charles Schwab.

By InvestmentNews
Goldman exec cites 'circular economy' stocks as way to duck hedge fund ESG attacks
INDUSTRY NEWS OCT 12, 2023
Goldman exec cites 'circular economy' stocks as way to duck hedge fund ESG attacks

Investors are looking beyond conventional renewables as profit margins get battered by inflation and supply chain bottlenecks.

By Bloomberg
Be named one of the industry’s Top Advisors
INDUSTRY NEWS OCT 12, 2023
Be named one of the industry’s Top Advisors

Don’t miss the chance to be part of InvestmentNews’ first-ever showcase of Top Advisors.

By InvestmentNews
Fintech launches new AI-driven compliance platform
FINTECH OCT 12, 2023
Fintech launches new AI-driven compliance platform

Avery will track firmwide compliance protocols for RIAs, broker-dealers and banks.

By Josh Welsh
Steward Partners picks up $170M team in Florida from Hightower
INDUSTRY NEWS OCT 12, 2023
Steward Partners picks up $170M team in Florida from Hightower

It's the first team to join the firm’s RIA-only IAR offering.

By Steve Randall
Encouraging more Hispanic advisors: Insights from a $1B firm founder
INDUSTRY NEWS OCT 12, 2023
Encouraging more Hispanic advisors: Insights from a $1B firm founder

What can the investment and wealth management industry do to boost diversity?

By Steve Randall
Wall Street signals profit slump may be over, boosts forecasts
INDUSTRY NEWS OCT 12, 2023
Wall Street signals profit slump may be over, boosts forecasts

Easing inflation is driving expectation of positive earnings.

By Bloomberg
Fed's Collins says rates may have peaked or are close
INDUSTRY NEWS OCT 12, 2023
Fed's Collins says rates may have peaked or are close

But that does not completely rule out further rate hikes.

By Bloomberg
SEC commissioner sounds alarm on syndicated loans risk
INDUSTRY NEWS OCT 12, 2023
SEC commissioner sounds alarm on syndicated loans risk

The investments could pose a risk to the wider financial system, Caroline Crenshaw warns.

By Bloomberg
Still no end to banking deals drought, says Barclays
INDUSTRY NEWS OCT 12, 2023
Still no end to banking deals drought, says Barclays

It's one of the factors weakening industry's earnings outlook.

By Bloomberg
Hillhouse pitches $1B Asia private credit fund to investors
INDUSTRY NEWS OCT 12, 2023
Hillhouse pitches $1B Asia private credit fund to investors

The private credit market in the region is small but growing.

By Bloomberg
SEC orders firm to pay $1.3M for failing to disclose conflicts related to high-cost funds
MUTUAL FUNDS OCT 11, 2023
SEC orders firm to pay $1.3M for failing to disclose conflicts related to high-cost funds

'If you’re an investment advisor and you’re not putting your clients in the lowest-cost share class, then you’re running the risk of a fiduciary failure,' an expert says.

By Mark Schoeff Jr.
Avantax CEO in line to receive $21.6 million golden parachute
INDEPENDENT BROKER DEALERS OCT 11, 2023
Avantax CEO in line to receive $21.6 million golden parachute

'Kudos to those guys for getting the deal done ... but it's jaw-dropping that's what they're getting paid,' one industry executive says.

By Bruce Kelly
Merrill advisors managing $390M jump to LPL Financial
INDEPENDENT BROKER DEALERS OCT 11, 2023
Merrill advisors managing $390M jump to LPL Financial

The Fresno, California-based pair of advisors make the 50th team to join LPL’s Linsco channel.

By InvestmentNews