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World economic outlook looks better, avoids stagflation
INDUSTRY NEWS MAY 02, 2024
World economic outlook looks better, avoids stagflation

OECD says inflation should prove less of a problem for many economies.

By Bloomberg
Why global money is buying Hong Kong stocks right now
INDUSTRY NEWS MAY 02, 2024
Why global money is buying Hong Kong stocks right now

Fed's interest rate decision has further fueled Hang Seng Index.

By Bloomberg
Does bitcoin slump suggest trouble ahead in global markets?
INDUSTRY NEWS MAY 02, 2024
Does bitcoin slump suggest trouble ahead in global markets?

Crypto 'canary' may signal future shocks.

By Bloomberg
LPL shares hit fresh high after strong earnings
BROKER DEALERS MAY 01, 2024
LPL shares hit fresh high after strong earnings

"Recruiting is as strong as ever" at LPL, one analyst noted.

By Bruce Kelly
If the Fed cut rates in the forest, would advisors notice?
INDUSTRY NEWS MAY 01, 2024
If the Fed cut rates in the forest, would advisors notice?

Despite all the conversation and consternation on Wall Street, the Fed has not moved interest rates since last July.

By Gregg Greenberg
How much are parents willing to cover for their kids’ college?
INDUSTRY NEWS MAY 01, 2024
How much are parents willing to cover for their kids’ college?

Northwestern Mutual poll reveals their expectations around splitting education costs, as well as Americans’ broader financial preparedness.

By Leo Almazora
Lack of progress on inflation forces hawkish Fed hold
FIXED INCOME MAY 01, 2024
Lack of progress on inflation forces hawkish Fed hold

Policymakers at the US central bank raise fresh concerns around price pressures.

By Bloomberg
Wealth management must sell itself again
OPINION MAY 01, 2024
Wealth management must sell itself again

We are living in a golden age for our industry, but challenges lie in wait and we must proudly tout the value of our services.

By Josh Harris
LPL swipes two former Cambridge advisors in Iowa
BROKER DEALERS MAY 01, 2024
LPL swipes two former Cambridge advisors in Iowa

The broker-dealer behemoth’s recruitment drive continues unabated as it welcomes the pair who reported managing around $200M in assets.

By Leo Almazora
Sanctuary obtains tru Independence in Oregon
RIAS MAY 01, 2024
Sanctuary obtains tru Independence in Oregon

The fast-growing RIA giant is bolstering its appeal to breakaway advisors as it absorbs a $12.5B wealth advisory network.

By Leo Almazora
JP Morgan data breach hits 451,000 retirement plan members
REGULATION AND LEGISLATION MAY 01, 2024
JP Morgan data breach hits 451,000 retirement plan members

The financial services giant reported a years-long system failure that exposed names, addresses, Social Security numbers, and other sensitive info.

By Leo Almazora
Eton Advisors taps Brian Hughes as new president
INDUSTRY NEWS MAY 01, 2024
Eton Advisors taps Brian Hughes as new president

The North Carolina-based multi-family office practice within Focus Financial expects the industry veteran will usher in a new chapter of growth.

By Leo Almazora
Bank of America sounds warning on options-ETF boom
INDUSTRY NEWS MAY 01, 2024
Bank of America sounds warning on options-ETF boom

Skeptics says products often fare worse than simpler alternatives.

By Bloomberg
Avantax strikes deal for $760M wealth business
RIAS MAY 01, 2024
Avantax strikes deal for $760M wealth business

The firm best known for its integrated tax expertise is expanding its book as it snaps up a like-minded practice in Texas.

By Leo Almazora
Fed set to keep rates on hold, delay cuts in the near future
INDUSTRY NEWS MAY 01, 2024
Fed set to keep rates on hold, delay cuts in the near future

FOMC will announce rate decision at 2pm ET.

By Bloomberg
JPMorgan Asset Management’s $169B ETF business chief exits
INDUSTRY NEWS MAY 01, 2024
JPMorgan Asset Management’s $169B ETF business chief exits

Global head of ETF solutions, Bryon Lake, has left the firm.

By Bloomberg
Franklin Templeton wants to transform the industry through Microsoft AI partnership
INDUSTRY NEWS MAY 01, 2024
Franklin Templeton wants to transform the industry through Microsoft AI partnership

The collab will use AI to power-up digital transformation at scale.

By Steve Randall
ESG investors prefer passive as active funds ‘bleed money’
INDUSTRY NEWS MAY 01, 2024
ESG investors prefer passive as active funds ‘bleed money’

Morningstar data shows a recalibration of ESG investing space.

By Bloomberg
FX markets pivot as rate-hikes in some EMs look more likely
INDUSTRY NEWS MAY 01, 2024
FX markets pivot as rate-hikes in some EMs look more likely

Buying local currency becomes riskier as rate cut bets fade.

By Bloomberg
Cetera's Durbin says IPO clock has yet to tick
RIAS APR 30, 2024
Cetera's Durbin says IPO clock has yet to tick

"Every private equity deal we have seen in the brokerage industry has lasted five to seven years," one executive said.

By Bruce Kelly