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Bond bulls at JPMorgan, Allianz staying the course despite pain
INDUSTRY NEWS AUG 21, 2023
Bond bulls at JPMorgan, Allianz staying the course despite pain

Loading up on government bonds hasn't paid off, yet.

By Bloomberg
Grantham: 'Fed almost guaranteed to be wrong' on recession
INDUSTRY NEWS AUG 21, 2023
Grantham: 'Fed almost guaranteed to be wrong' on recession

Veteran investor Jeremey Grantham says the central bank is kidding itself if it thinks the economy will stay positive.

By Bloomberg
"Anti-ESG" investment firm hit with lawsuits
INDUSTRY NEWS AUG 21, 2023
"Anti-ESG" investment firm hit with lawsuits

GOP presidential hopeful also named as defendent.

By Matthew Sellers
Supporting the Sandwich Generation
INDUSTRY NEWS AUG 21, 2023
Supporting the Sandwich Generation

Join retirement expert Mary Beth Franklin and experts from Athene and Whealthcare Solutions as they focus on understanding the unique multi-generational challenges your clients can face.

By Athene
'Personal affinity' spurs advisor to help Maui wildfire recovery
INDUSTRY NEWS AUG 18, 2023
'Personal affinity' spurs advisor to help Maui wildfire recovery

A Wealthspire advisor launches campaign that has so far raised $30,000 for the island.

By Mark Schoeff Jr.
RBC snags giant $5.5 billion team from UBS in Atlanta
PRACTICE MANAGEMENT AUG 18, 2023
RBC snags giant $5.5 billion team from UBS in Atlanta

The ESOP Group, founded in 1989, specializes in working with business owners on the sale of their businesses.

By Bruce Kelly
Largest federal union backs O'Malley for Social Security commissioner
REGULATION AND LEGISLATION AUG 18, 2023
Largest federal union backs O'Malley for Social Security commissioner

The AFGE represents 43,000 employees of the Social Security Administration.

By Gregg Greenberg
US poised to greenlight new wave of crypto ETFs in the fall
ALTERNATIVES AUG 18, 2023
US poised to greenlight new wave of crypto ETFs in the fall

Unnamed SEC sources signal the regulator is considering approval of new funds.

By Bloomberg
Market performance pushes DB pension plans further into positive territory
INDUSTRY NEWS AUG 18, 2023
Market performance pushes DB pension plans further into positive territory

Milliman reports a further rise in defined-benefit plans' funded ratio.

By Steve Randall
Almost half of student loan debtors want more help to ease 'national crisis'
INDUSTRY NEWS AUG 18, 2023
Almost half of student loan debtors want more help to ease 'national crisis'

Even among those without outstanding education borrowing, a sizable share say it's a crisis.

By Steve Randall
Advisors shouldn't talk to clients about aging, most don't like it
RETIREMENT PLANNING AUG 18, 2023
Advisors shouldn't talk to clients about aging, most don't like it

Growing old ain't what it used to be, and neither is retirement planning.

By Steve Randall
Risk assets tumble as Fed, China cause concern
INDUSTRY NEWS AUG 18, 2023
Risk assets tumble as Fed, China cause concern

Markets being hit by a 'perfect storm' says Barclays analyst.

By Bloomberg
Bitcoin plunge as Musk SpaceX sale is reported
INDUSTRY NEWS AUG 18, 2023
Bitcoin plunge as Musk SpaceX sale is reported

Cryptocurrency falls up to 8% in trading.

By Bloomberg
401(k) millionaires stage comeback in Q2 with market gains
RETIREMENT PLANNING AUG 17, 2023
401(k) millionaires stage comeback in Q2 with market gains

This year's double-digit gains in the S&P 500 have helped swell retirement balances, Fidelity says.

By Bloomberg
Frustrated large RIAs want more from custodians
INDUSTRY NEWS AUG 17, 2023
Frustrated large RIAs want more from custodians

In a poll of 29 firms representing a collective $6 trillion in assets, fewer than half reported feeling satisfied with native tools.

By Ryan W. Neal
Finra arbitrators order former advisor to pay $664,901 for unsuitable options strategy
ALTERNATIVES AUG 17, 2023
Finra arbitrators order former advisor to pay $664,901 for unsuitable options strategy

Alabama-based advisor denies he did anything wrong in a statement on his IAPD profile.

By Mark Schoeff Jr.
Ex-Wells chief Kowach wants 100 advisors at new firm &Partners
INDUSTRY NEWS AUG 17, 2023
Ex-Wells chief Kowach wants 100 advisors at new firm &Partners

The new firm's pay 'is significantly enhanced from the industry norms,' according to an investor presentation.

By Bruce Kelly
Back off, Burry! Advisors not buying into ‘Big Short’ fund manager’s bearish call
INDUSTRY NEWS AUG 17, 2023
Back off, Burry! Advisors not buying into ‘Big Short’ fund manager’s bearish call

Burry's $1.6 billion bet on Wall Street collapse has been branded 'carnival barking' by a guy who 'got just one thing right, once.'

By Gregg Greenberg
House Republicans take anti-ESG campaign to CalPERS
RETIREMENT PLANNING AUG 17, 2023
House Republicans take anti-ESG campaign to CalPERS

The California Public Employees’ Retirement System has turned over thousands of pages of documents in recent months to Congress.

By Bloomberg
Edward Jones to offer banking services
INDUSTRY NEWS AUG 17, 2023
Edward Jones to offer banking services

The wealth management firm will offer its clients checking and savings accounts and potentially other banking products.

By Steve Randall