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Texas anti-ESG laws costing state more than $700M, study says
ESG MAR 18, 2024
Texas anti-ESG laws costing state more than $700M, study says

The restrictions have negative economic consequences, according to research supported by business groups.

By Emile Hallez
Rising oil has advisors adjusting energy allocations
INDUSTRY NEWS MAR 18, 2024
Rising oil has advisors adjusting energy allocations

Portfolio manager recommends 70/30 split between traditional and alternative energy over next few decades.

By Gregg Greenberg
SEC sues two firms over bogus AI claims
REGULATION AND LEGISLATION MAR 18, 2024
SEC sues two firms over bogus AI claims

Delphia and Global Predictions both made 'false and misleading statements' about their use of artificial intelligence, the SEC says.

By Bloomberg
B. Riley fails to file audited results
BROKER DEALERS MAR 18, 2024
B. Riley fails to file audited results

The broker-firm, whose stock has been battered by concerns about its dealings with a former business partner, says it will file 'as soon as reasonably practical.'

By Bloomberg
Realta Wealth continues to bolster leadership team since rebrand
INDUSTRY NEWS MAR 18, 2024
Realta Wealth continues to bolster leadership team since rebrand

Broker-dealer formerly known as CoastalOne changed its name in January.

By Steve Randall
Markets optimistic ahead of Fed meeting
INDUSTRY NEWS MAR 18, 2024
Markets optimistic ahead of Fed meeting

The central bank will announce its latest rates decision this week.

By Bloomberg
Commodity trading profits pass $100B globally
INDUSTRY NEWS MAR 18, 2024
Commodity trading profits pass $100B globally

Last year marks the second-best year for the industry.

By Bloomberg
Is a college education still a sound investment?
INDUSTRY NEWS MAR 18, 2024
Is a college education still a sound investment?

Study considered the average annual return on a degree versus a high school diploma.

By Steve Randall
BBVA breaks into US RIA space
RIAS MAR 15, 2024
BBVA breaks into US RIA space

The global firm’s first investment advisory office in Miami will initially cater primarily to high-net-worth clients from Latin America.

By Leo Almazora
Concurrent continues to hit growth goals with three new advisors
ADVISOR MOVES MAR 15, 2024
Concurrent continues to hit growth goals with three new advisors

With the addition of recruits from Wells Fargo and Raymond James, the hybrid has topped its initial 2024 target of $17B in assets under advisement.

By Leo Almazora
Osaic, Securities America fined by Finra over cybersecurity
BROKER DEALERS MAR 15, 2024
Osaic, Securities America fined by Finra over cybersecurity

The regulator fined the firms $150,000 each for failures related to protecting thousands of clients’ private information and cybersecurity gaffes.

By Bruce Kelly
UBS has more diversified business than Morgan Stanley: JPMorgan analysts
WIREHOUSES MAR 15, 2024
UBS has more diversified business than Morgan Stanley: JPMorgan analysts

The Swiss bank has a better wealth management franchise than Morgan Stanley outside the U.S., JPMorgan analysts say.

By Bloomberg
A beginner’s guide to tax lien investing 
MAR 15, 2024
A beginner’s guide to tax lien investing 

Tax lien investing is an oft overlooked and rarely discussed type of investment. So is it worth your attention? Read on to find out.

By Ramon Berenguer
Morgan Stanley's Jeff McMillan named firm's AI head
FINTECH MAR 15, 2024
Morgan Stanley's Jeff McMillan named firm's AI head

Financial services giant seeks to bolster its tech leadership with newly created artificial intelligence role.

By Leo Almazora
Want to retire happy from an advisory career? Start planning now
OPINION MAR 15, 2024
Want to retire happy from an advisory career? Start planning now

65 percent of financial advisors surveyed said simply identifying a successor was key to creating a succession plan.

By Robert Goff
What do clients really want? And what is their biggest dissatisfaction?  
PRACTICE MANAGEMENT MAR 15, 2024
What do clients really want? And what is their biggest dissatisfaction?  

Top demands vary between millionaires and the mass market.

By Steve Randall
Investors shun stagflation fears with record inflows to US equities
INDUSTRY NEWS MAR 15, 2024
Investors shun stagflation fears with record inflows to US equities

BofA strategists says $56 billion flowed into US equity funds in week ended March 13.

By Bloomberg
Millennium-backed fund bolsters fixed-income team with BofA hire
INDUSTRY NEWS MAR 15, 2024
Millennium-backed fund bolsters fixed-income team with BofA hire

Ilana Kaufman is reported to have been hired as a portfolio manager.

By Bloomberg
Special benefits for special needs clients
RIAS MAR 14, 2024
Special benefits for special needs clients

Advisor who focuses on special needs planning highlights two ‘life changing’ government programs available to those who have a disability.

By Josh Welsh
JPMorgan fined $348M for falling short on trading surveillance
BROKER DEALERS MAR 14, 2024
JPMorgan fined $348M for falling short on trading surveillance

The firm's trade-surveillance program has operated with certain deficiencies since at least 2019, according to the OCC.

By Bloomberg