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Merrill Lynch $320M duo joins Ameriprise
BROKER DEALERS FEB 29, 2024
Merrill Lynch $320M duo joins Ameriprise

The Tacoma, Washington, team was attracted by advisor-client experience.

By Steve Randall
SEC announces new director for investment division
REGULATION AND LEGISLATION FEB 29, 2024
SEC announces new director for investment division

Natasha Vij Greiner has been with the regulator for two decades.

By Steve Randall
JPMorgan in partnership talks for private credit push
ALTERNATIVES FEB 29, 2024
JPMorgan in partnership talks for private credit push

The Wall Street bank is reportedly in advanced discussions with potential partners.

By Bloomberg
BOJ could be ready to hike, but are the markets?
INDUSTRY NEWS FEB 29, 2024
BOJ could be ready to hike, but are the markets?

Japan's central bank has kept rates negative despite global pressures.

By Bloomberg
Girl just wants to have funds? Cyndi Lauper monetizes catalog
INDUSTRY NEWS FEB 29, 2024
Girl just wants to have funds? Cyndi Lauper monetizes catalog

Grammy-winning star sells rights to ABBA member's firm for undisclosed sum.

By Bloomberg
Former Hightower advisor sues firm over noncompete restrictions
RIAS FEB 28, 2024
Former Hightower advisor sues firm over noncompete restrictions

Case against RIA aggregator seeks relief and damages over allegedly over-broad interpretation of noncompete language.

By Leo Almazora
What are LPL, Cambridge paying for advisors’ businesses?
BROKER DEALERS FEB 28, 2024
What are LPL, Cambridge paying for advisors’ businesses?

'For the next decade, we are going to be in a succession planning landslide,' one industry consultant says.

By Bruce Kelly
Cetera partnership promises 360-degree view of clients’ finances
FINTECH FEB 28, 2024
Cetera partnership promises 360-degree view of clients’ finances

Wealth giant says advisors will benefit from industry-leading data integration across brokerage, trust, and digital banking accounts.

By Leo Almazora
Commonwealth Financial welcomes $384M trio
BROKER DEALERS FEB 28, 2024
Commonwealth Financial welcomes $384M trio

The Pennsylvania-based practice is joining the broker-dealer in an ambitious bid to triple its assets.

By Leo Almazora
Revealed: The best workplaces for US financial advisors in 2024
INDUSTRY NEWS FEB 28, 2024
Revealed: The best workplaces for US financial advisors in 2024

With offerings ranging from team-based cultures to flexible work models and personalized career pathways, these wealth firms are standing out in the race for talent.

By Leo Almazora
Retirement savers finished 2023 on a high note, Fidelity says
RETIREMENT PLANNING FEB 28, 2024
Retirement savers finished 2023 on a high note, Fidelity says

Three-quarters of eligible workers made contributions to their accounts amid near-universal inclusion of Roth options in workplace savings plans.

By Leo Almazora
How to hire new college grads and turn them into great advisors
OPINION FEB 28, 2024
How to hire new college grads and turn them into great advisors

Hiring workers fresh out of college doesn't come without challenges, but we've found that overcoming these challenges has been well worth it.

By Scott Hanson
Pensions vital to solve brewing retirement crisis, says think tank
RETIREMENT PLANNING FEB 28, 2024
Pensions vital to solve brewing retirement crisis, says think tank

Immediate fixes to crumbling workplace pension and Social Security systems required, report says.

By Leo Almazora
Americans are reducing spending, dipping into savings: Wells Fargo
INDUSTRY NEWS FEB 28, 2024
Americans are reducing spending, dipping into savings: Wells Fargo

The cost of living means many are having to make tough choices.

By Steve Randall
Trio of challenges keeping millions from a key part of the American dream
INDUSTRY NEWS FEB 28, 2024
Trio of challenges keeping millions from a key part of the American dream

The will to become a homeowner remains strong, but the way is blocked.

By Steve Randall
Sam Bankman-Fried thinks he should get maximum 6.5 years in jail
INDUSTRY NEWS FEB 28, 2024
Sam Bankman-Fried thinks he should get maximum 6.5 years in jail

FTX co-founder is likely to get at least 10 years, according to experts.

By Bloomberg
The art of long-term investing
INDUSTRY NEWS FEB 28, 2024
The art of long-term investing

Christopher Tsai, founder of Tsai Capital, explains the philosophy behind his laser-focused portfolio and the benefits of art investing for high-net-worth clients.

By Emily Douglas
Time to break the silence on generational wealth: Edward Jones
PRACTICE MANAGEMENT FEB 27, 2024
Time to break the silence on generational wealth: Edward Jones

Research finds nearly half of parents with adult children plan to leave an inheritance, but only a quarter have had the wealth talk.

By Leo Almazora
BlackRock says more active management needed in ‘new regime’
INDUSTRY NEWS FEB 27, 2024
BlackRock says more active management needed in ‘new regime’

Higher interest rates, persistent inflation and more geopolitical risk offer active managers a bigger opportunity to beat simple buy-and-hold portfolios, according to BlackRock analysts.

By Bloomberg
Wells Fargo appoints JPMorgan veteran as vice chairman
WIREHOUSES FEB 27, 2024
Wells Fargo appoints JPMorgan veteran as vice chairman

Doug Braunstein served as chief financial officer at JPMorgan.

By Bloomberg