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Invesco demands $100M in Robertshaw bankruptcy
INDUSTRY NEWS JUL 16, 2024
Invesco demands $100M in Robertshaw bankruptcy

Firm wants compensation for losing its senior position in reorganization.

By Bloomberg
Under inflation pressure, four in five Americans finding it harder to pay medical bills
INDUSTRY NEWS JUL 15, 2024
Under inflation pressure, four in five Americans finding it harder to pay medical bills

Survey finds more US adults living with medical debt, with some avoiding health care to stretch their budgets.

By Leo Almazora
Recent readings bolster Fed’s inflation confidence, says Powell
INDUSTRY NEWS JUL 15, 2024
Recent readings bolster Fed’s inflation confidence, says Powell

The Federal Reserve chair sees a clearer path to the central bank’s 2 percent target following Q2 inflation measures and latest jobs data.

By Leo Almazora
Nationwide names next leader for annuity business
LIFE INSURANCE AND ANNUITIES JUL 15, 2024
Nationwide names next leader for annuity business

Industry veteran Craig Hawley set to take over as leader of Nationwide Annuity pushes through with retirement.

By Leo Almazora
How to implement a successful transition
OPINION JUL 15, 2024
How to implement a successful transition

Key things to consider when transitioning out of profession.

By Scott Hanson
Wells Fargo discloses problems with fees on cash
BROKER DEALERS JUL 15, 2024
Wells Fargo discloses problems with fees on cash

"Do these disclosure issues and conflicts at Wells Fargo also exist at peers," one industry executive asked.

By Bruce Kelly
After shooting horror, advisors weigh impact of Republican platform on client portfolios
INDUSTRY NEWS JUL 15, 2024
After shooting horror, advisors weigh impact of Republican platform on client portfolios

Americans from coast-to-coast will be tuning into this week's GOP convention. Wealth managers will be watching too.

By Gregg Greenberg
The biggest hits (and misses) of 2024
INDUSTRY NEWS JUL 15, 2024
The biggest hits (and misses) of 2024

Advisors recount their successes of the first half, as well as their failures, because nobody at the track trusts a guy that shows you only his winning tickets!

By Gregg Greenberg
Kitces virtual event puts spotlight on IAR CE requirements
PRACTICE MANAGEMENT JUL 15, 2024
Kitces virtual event puts spotlight on IAR CE requirements

Full-day educational program will help investment advisers fulfill new ethical requirements as NASAA model rule reaches two key hotspots.

By Leo Almazora
LPL scores $750M team from Osaic
ADVISOR MOVES JUL 15, 2024
LPL scores $750M team from Osaic

The wealth juggernaut extends its recruiting streak in Connecticut with a veteran advisor ensemble.

By Leo Almazora
Goldman Sachs posts earnings beat as traders outpace estimates
INDUSTRY NEWS JUL 15, 2024
Goldman Sachs posts earnings beat as traders outpace estimates

Q2 earnings rose 2.5 times above the same period last year, but results from its merger business fell short of analyst estimates.

By Bloomberg
ETF flows push BlackRock to $10.6T AUM summit
ALTERNATIVES JUL 15, 2024
ETF flows push BlackRock to $10.6T AUM summit

The world’s largest asset manager reported $82B in net inflows as ebullient markets and key alts bets brighten outlook.

By Leo Almazora
The AI invasion has begun, and we are not ready
RIAS JUL 15, 2024
The AI invasion has begun, and we are not ready

To survive, advisors must use the technology as an ally, says columnist Joe Duran.

By Joe Duran
Medic-focused firm gets $200M growth equity shot in the arm, makes acquisition  
INDUSTRY NEWS JUL 15, 2024
Medic-focused firm gets $200M growth equity shot in the arm, makes acquisition  

Firm aims to redefine financial services for healthcare professionals.

By Steve Randall
Goldman Sachs and the three themes: firm shares mid-year outlook
INDUSTRY NEWS JUL 15, 2024
Goldman Sachs and the three themes: firm shares mid-year outlook

Wall Street investment experts see a complex mix of opportunities, risks.

By Steve Randall
'Trump trade' intensifies in global markets
INDUSTRY NEWS JUL 15, 2024
'Trump trade' intensifies in global markets

Expectation rises of return to White House for former president.

By Bloomberg
US futures little changed amid latest geopolitical shock
INDUSTRY NEWS JUL 15, 2024
US futures little changed amid latest geopolitical shock

Increased near-term volatility is likely though.

By Bloomberg
Gunman appeared in BlackRock commercial
INDUSTRY NEWS JUL 15, 2024
Gunman appeared in BlackRock commercial

Firm says it will remove the 2022 ad from circulation.

By Bloomberg
Wall Street says climate activists' arguments are flawed
INDUSTRY NEWS JUL 15, 2024
Wall Street says climate activists' arguments are flawed

Finance firms insist they are driving the transition to clean energy.

By Bloomberg
REIT index returns show continued pain in real estate
INDUSTRY NEWS JUL 12, 2024
REIT index returns show continued pain in real estate

Q2 performance figures show losses in the REIT space, led by casualties in the industrial and hotel sectors.

By Leo Almazora