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How much income does the average American believe means financial security?
INDUSTRY NEWS JUL 02, 2024
How much income does the average American believe means financial security?

Spoiler alert: it's way more than most people make.

By Steve Randall
Wall Street weighs impact on bonds if Trump wins
INDUSTRY NEWS JUL 02, 2024
Wall Street weighs impact on bonds if Trump wins

Strategists urge investors to hedge against inflation.

By Bloomberg
More American homeowners locked into mortgage rates above 5%
INDUSTRY NEWS JUL 02, 2024
More American homeowners locked into mortgage rates above 5%

Older loans at lower rates are being replaced by costlier borrowing.

By Bloomberg
Take profits on five-year Treasuries now says JPMorgan
INDUSTRY NEWS JUL 02, 2024
Take profits on five-year Treasuries now says JPMorgan

Selling pressures are elevated due to multiple risk events.

By Bloomberg
SEC updates annuity disclosure rules for RILAs, MVAs
LIFE INSURANCE AND ANNUITIES JUL 01, 2024
SEC updates annuity disclosure rules for RILAs, MVAs

The amendments aimed at fostering a more tailored approach to disclosure for non-variable annuities sparked concerns for one dissenting commissioner.

By Leo Almazora
'Roaring Kitty' orchestrated GameStop pump and dump, class action alleges
INDUSTRY NEWS JUL 01, 2024
'Roaring Kitty' orchestrated GameStop pump and dump, class action alleges

A federal lawsuit against the famed meme stock influencer alleges he purchased 120,000 options before re-emerging to post about the company in May.

By Bloomberg
RayJay amplifies Las Vegas presence with wirehouse superteam
ADVISOR MOVES JUL 01, 2024
RayJay amplifies Las Vegas presence with wirehouse superteam

The ensemble joins the broker-dealer giant’s employee advisor channel after managing more than $1B at Morgan Stanley.

By Leo Almazora
SEC boots California RIA linked to crypto, private funds
RIAS JUL 01, 2024
SEC boots California RIA linked to crypto, private funds

"Nobody knows what’s happening internally in these pooled funds at the retail level," said one plaintiff's attorney.

By Bruce Kelly
EP Wealth scoops $700M Texas practice
INDUSTRY NEWS JUL 01, 2024
EP Wealth scoops $700M Texas practice

The fast-growing RIA boosts its assets in the state past $1B as it welcomes a 23-year planning and investment veteran as its new regional director.

By Leo Almazora
Errant ex-advisor who lost clients almost $2M hit with 10-year prohibition
REGULATION AND LEGISLATION JUL 01, 2024
Errant ex-advisor who lost clients almost $2M hit with 10-year prohibition

Former advisor reportedly put his clients in unsuitable private placements and misappropriated part of a senior client’s $675K investment, among other breaches.

By Leo Almazora
LPL lands father-daughter advisor pair from Morgan Stanley
ADVISOR MOVES JUL 01, 2024
LPL lands father-daughter advisor pair from Morgan Stanley

The independent wealth giant adds the two breakaway advisors, who managed roughly $290M at the wirehouse, in Washington DC.

By Leo Almazora
Asset manager taps former Vanguard $274B PM to lead ETF operations
ETFS JUL 01, 2024
Asset manager taps former Vanguard $274B PM to lead ETF operations

After 14 years with Vanguard, Awais Khan has a new role.

By Steve Randall
Private Advisor Group picks up $155M advisor in Rochester, New York
RIAS JUL 01, 2024
Private Advisor Group picks up $155M advisor in Rochester, New York

The practice works with investors at some big-name organizations.

By Steve Randall
Investors increasingly seeking alts but education is key, says Crewe CIO
ALTERNATIVES JUL 01, 2024
Investors increasingly seeking alts but education is key, says Crewe CIO

Dustin Thackeray, CFA, shares his insights on the alternatives investment space.

By Steve Randall
BlackRock enhances alts data with $3.2B Preqin acquisition
INDUSTRY NEWS JUL 01, 2024
BlackRock enhances alts data with $3.2B Preqin acquisition

Asset manager will gain valuable insights into risks, opportunities.

By Bloomberg
Schroders, UBS Global Wealth both see growth of the same haven
INDUSTRY NEWS JUL 01, 2024
Schroders, UBS Global Wealth both see growth of the same haven

With geopolitical uncertainty, fiscal risk the firms expect rocky H2 2024.

By Bloomberg
EM bonds totaled $321B in first half of 2024, but slowdown is ahead
INDUSTRY NEWS JUL 01, 2024
EM bonds totaled $321B in first half of 2024, but slowdown is ahead

JPMorgan, BofA both see heavy braking for the market.

By Bloomberg
Her perspective is different, her objective is the same — a secure retirement
INDUSTRY NEWS JUL 01, 2024
Her perspective is different, her objective is the same — a secure retirement

Discover how women’s unique life experiences shape their approach to saving and investing. As they prepare for a secure retirement, understanding these nuances can help you guide your clients more effectively.

By Courtney Ellis
Supreme Court muddies regulatory authority of SEC and DOL
REGULATION AND LEGISLATION JUN 28, 2024
Supreme Court muddies regulatory authority of SEC and DOL

Federal agencies could be more easily defeated in court over their interpretations of laws passed by Congress.

By Emile Hallez
Michael Jackson passed away more than $500M in the red
INDUSTRY NEWS JUN 28, 2024
Michael Jackson passed away more than $500M in the red

Court filings by executors of his now $2B estate reveal the King of Pop’s dire financial straits at the time of his death in 2009.

By Leo Almazora