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Active ETF momentum among key themes in 'vibrant' transition of funds
INDUSTRY NEWS FEB 07, 2024
Active ETF momentum among key themes in 'vibrant' transition of funds

Report highlights several trends underlying the continued strength of the ETF industry.

By Steve Randall
'Financial architect' joins $1.7B AUM Angeles Wealth
RIAS FEB 07, 2024
'Financial architect' joins $1.7B AUM Angeles Wealth

Advisor moves to national RIA firm in Santa Monica from LourdMurray.

By Steve Randall
UBS has wasted no time in offering AT1 bonds
WIREHOUSES FEB 07, 2024
UBS has wasted no time in offering AT1 bonds

The bank announced its plans Tuesday and is already offering the notes.

By Bloomberg
Edward Jones paying for advisors' high-level credentials
BROKER DEALERS FEB 06, 2024
Edward Jones paying for advisors' high-level credentials

Change is afoot at the brokerage firm, which reportedly is reimbursing its advisors for the cost of certifications offered by the Investments & Wealth Institute.

By Bruce Kelly
Market bets based on the Super Bowl a Hail Mary pass
INDUSTRY NEWS FEB 06, 2024
Market bets based on the Super Bowl a Hail Mary pass

The Super Bowl indicator has been right more than 70 percent of the time, but there's no causal relationship.

By Emile Hallez
NewEdge Advisors welcomes $262M team from Carson
RIAS FEB 06, 2024
NewEdge Advisors welcomes $262M team from Carson

Nesso Wealth, a Connecticut-based independent practice, is latest to join the growth-oriented RIA.

By Leo Almazora
GOP bill to kill SEC proposal on advisor AI conflicts faces obstacles
REGULATION AND LEGISLATION FEB 06, 2024
GOP bill to kill SEC proposal on advisor AI conflicts faces obstacles

It’s more likely the GOP will make a point about their frustrations with the SEC than actually get the bill through the Democratic-controlled Senate.

By Mark Schoeff Jr.
‘RIAs make wonderful business partners,’ investor says
RIAS FEB 06, 2024
‘RIAs make wonderful business partners,’ investor says

Managing partner at Merchant Investment Management says RIAs’ growth and yield are the main attractions.

By Josh Welsh
SEC to add ‘dealer’ tag to hedge funds trading Treasuries
REGULATION AND LEGISLATION FEB 06, 2024
SEC to add ‘dealer’ tag to hedge funds trading Treasuries

Dozens of firms may face increased scrutiny and compliance costs in regulatory overhaul.

By Bloomberg
LPL signs up hefty Osaic team
INDUSTRY NEWS FEB 06, 2024
LPL signs up hefty Osaic team

Wisconsin-based advisory firm Equity Design Group brings $520 million in assets.

By Leo Almazora
UBS plans up to $1B in buybacks this year
WIREHOUSES FEB 06, 2024
UBS plans up to $1B in buybacks this year

The wirehouse posted its second straight quarterly loss, with pretax profit at the wealth management unit well below estimates.

By Bloomberg
Macquarie hires new head of wealth distribution amid brand consolidation
INDUSTRY NEWS FEB 06, 2024
Macquarie hires new head of wealth distribution amid brand consolidation

The asset manager is bringing all of its US wealth investment brands under one name.

By Steve Randall
Former Goldman Sachs senior leader takes new role at TPG
INDUSTRY NEWS FEB 06, 2024
Former Goldman Sachs senior leader takes new role at TPG

The asset manager sees significant opportunity in infrastructure and real assets.

By Steve Randall
Another central bank holds rates but warns hikes still possible
INDUSTRY NEWS FEB 06, 2024
Another central bank holds rates but warns hikes still possible

It's a further blow to expectations of a swift reduction in global interest rates.

By Bloomberg
Is active fund management investors’ only hope for 2024 outperformance?
INDUSTRY NEWS FEB 05, 2024
Is active fund management investors’ only hope for 2024 outperformance?

Study of North American fund selectors underscores concerns around future of passive strategies, growing interest in model portfolios and SMAs.

By Leo Almazora
Osaic CEO says 'day of reckoning' coming for RIA market
RIAS FEB 05, 2024
Osaic CEO says 'day of reckoning' coming for RIA market

"Will there be more RIAs for sale than there are buyers at the trough?" Jamie Price asks.

By Bruce Kelly
BofA cuts CEO pay following 2023 profit decline
WIREHOUSES FEB 05, 2024
BofA cuts CEO pay following 2023 profit decline

Bank reduces Brian Moynihan’s total compensation after its shares performed the worst among its biggest rivals.

By Bloomberg
Oregon orders Raymond James to pay nearly $200K over ‘unreasonable commissions’
BROKER DEALERS FEB 05, 2024
Oregon orders Raymond James to pay nearly $200K over ‘unreasonable commissions’

State regulator imposes penalties in relation to overcharging exposed by multistate investigation.

By Leo Almazora
UBS advisor jumps to Raymond James
BROKER DEALERS FEB 05, 2024
UBS advisor jumps to Raymond James

The firm welcomes an industry veteran with $165 million in assets and nearly 40 years of experience.

By Leo Almazora
Fed pause means advisors may need to get real with house-hunting clients
INDUSTRY NEWS FEB 05, 2024
Fed pause means advisors may need to get real with house-hunting clients

Potential homebuyers may be looking at a 30-year fixed mortgage above 7 percent long past the spring buying season.

By Gregg Greenberg