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US sees uptick of homes 'seriously underwater'
INDUSTRY NEWS MAY 09, 2024
US sees uptick of homes 'seriously underwater'

Around 1 in 37 have loan balances at least 25% more than their value.

By Bloomberg
Wheat concerns as weather, geopolitics weaken stockpiles
INDUSTRY NEWS MAY 09, 2024
Wheat concerns as weather, geopolitics weaken stockpiles

US government reports on outlook as futures gain.

By Bloomberg
Has the bitcoin rebound peaked?
INDUSTRY NEWS MAY 09, 2024
Has the bitcoin rebound peaked?

The crypto is headed for its longest losing streak since October.

By Bloomberg
Hipgnosis song fund set to be acquired by Blackstone
INDUSTRY NEWS MAY 09, 2024
Hipgnosis song fund set to be acquired by Blackstone

Concord has said it will not raise its bid any further.

By Bloomberg
Blackstone REIT in media cross hairs over valuation
ALTERNATIVES MAY 08, 2024
Blackstone REIT in media cross hairs over valuation

Sketchy math dogs private market investments sold to retail investors.

By Bruce Kelly
Former Nuveen trader behind $47M insider scheme seeks leniency
REGULATION AND LEGISLATION MAY 08, 2024
Former Nuveen trader behind $47M insider scheme seeks leniency

Defense attorneys for the disgraced trader argue his criminal behavior was spurred by trauma and phobia about financial insecurity.

By Bloomberg
The RIA M&A trend started off strong in Q1 2024
INDUSTRY NEWS MAY 08, 2024
The RIA M&A trend started off strong in Q1 2024

Devoe & Company research reveals uptick in transactions as succession challenges, quest for talent, and growth ambitions persist.

By Leo Almazora
Price tag for Trump tax cuts swells to $4.6T
TAX MAY 08, 2024
Price tag for Trump tax cuts swells to $4.6T

Estimates from Congressional Budget Office project renewed fiscal measures will more than double the cost of the original 2017 cuts.

By Bloomberg
Financial advisors pipe up on private credit allocations
INDUSTRY NEWS MAY 08, 2024
Financial advisors pipe up on private credit allocations

Advisors say private credit is a great way to add to diversification to a client portfolio, despite often lacking liquidity.

By Gregg Greenberg
Wealthspire to snap up all-women practice in Ohio
RIAS MAY 08, 2024
Wealthspire to snap up all-women practice in Ohio

The New York-based RIA is extending its Midwestern presence with plans to acquire the $420M independent serving multigenerational clients.

By Leo Almazora
Raymond James boosts Northeast presence with $800M team
ADVISOR MOVES MAY 08, 2024
Raymond James boosts Northeast presence with $800M team

The five-advisor group based in Massachusetts has joined the firm’s independent advisor unit after being affiliated with Commonwealth.

By Leo Almazora
AdvicePay eyes next growth chapter with new president
FINTECH MAY 08, 2024
AdvicePay eyes next growth chapter with new president

The fintech platform catering to fee-for-service financial planners has elevated a key team member to its executive leadership.

By Leo Almazora
LPL completes deal for Crown Capital’s $5B wealth business
RIAS MAY 08, 2024
LPL completes deal for Crown Capital’s $5B wealth business

The deal for the Orange County, California-based firm’s wealth business is set to add around 125 advisors to LPL.

By Leo Almazora
The return of client events
OPINION MAY 08, 2024
The return of client events

Events are a great way to strengthen your bond with clients, and registrations and attendance have come roaring back.

By Scott Hanson
Fossil fuels, food, and farming - investors need to look through the same lens
OPINION MAY 08, 2024
Fossil fuels, food, and farming - investors need to look through the same lens

The travails of meatpacking company JBS is a warning to investors, who must stay attuned to the risks associated with similar stock.

By Annie Sanders
Wealth Enhancement Group adds $809M California advisor team
ADVISOR MOVES MAY 08, 2024
Wealth Enhancement Group adds $809M California advisor team

Fourth firm to join WEG this year takes its total AUM to near $83B.

By Steve Randall
'Federal law is not a suggestion' CFPB warns as fintech to pay $4.55M
INDUSTRY NEWS MAY 08, 2024
'Federal law is not a suggestion' CFPB warns as fintech to pay $4.55M

The agency has issued a stark warning to financial firms.

By Steve Randall
FTX victims could recoup total losses plus interest
INDUSTRY NEWS MAY 08, 2024
FTX victims could recoup total losses plus interest

Collapsed crypto exchange has more cash than it needs for creditors.

By Bloomberg
Morgan Stanley cautious about China stock rally
INDUSTRY NEWS MAY 08, 2024
Morgan Stanley cautious about China stock rally

Wall Street strategists favor individual, thematics rather than index.

By Bloomberg
Real estate investors gain as rents stay higher for longer
INDUSTRY NEWS MAY 08, 2024
Real estate investors gain as rents stay higher for longer

US, Canada among markets where rents are likely to be last to fall.

By Bloomberg