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Why activist investors are set to pull back on ESG campaigns
ESG JAN 09, 2024
Why activist investors are set to pull back on ESG campaigns

It's all about effectiveness, says consulting firm.

By Bloomberg
Investing for beginners 
JAN 09, 2024
Investing for beginners 

Those new to investing can find it daunting. But is it truly as intimidating as it seems?

Raymond James' Reilly sees comp soar in 2023
BROKER DEALERS JAN 08, 2024
Raymond James' Reilly sees comp soar in 2023

Total compensation for the IBD's CEO hit $34.9 million in the company's fiscal year ended Sept. 30.

By Bruce Kelly
Bitcoin-ETF issuers hope for long-awaited SEC OK this week
ETFS JAN 08, 2024
Bitcoin-ETF issuers hope for long-awaited SEC OK this week

The SEC has until Wednesday to take action on at least one of the applications for bitcoin ETFs.

By Bloomberg
Envestnet co-founder Crager to step down as CEO
FINTECH JAN 08, 2024
Envestnet co-founder Crager to step down as CEO

Bill Crager has led the firm since 2019, and his departure follows more than a year of significant developments at the fintech.

By Emile Hallez
Congressional deal on spending cap eases risk of shutdown
REGULATION AND LEGISLATION JAN 08, 2024
Congressional deal on spending cap eases risk of shutdown

The agreement, negotiated by Senate Majority Leader Chuck Schumer and House Speaker Mike Johnson, sets the cap for the 12 annual spending bills at $1.59T.

By Bloomberg
Americans facing dual challenge of trying to save while managing credit card debt
INDUSTRY NEWS JAN 08, 2024
Americans facing dual challenge of trying to save while managing credit card debt

Higher income individuals recorded larger increases in card balances in 2023.

By Steve Randall
Hub International adds new acquisition to its South Florida practice
RIAS JAN 08, 2024
Hub International adds new acquisition to its South Florida practice

Latest deal will help expand the firm's reach and capabilities in the region.

By Steve Randall
High-yield munis had a great 2023, but this year may disappoint
FIXED INCOME JAN 08, 2024
High-yield munis had a great 2023, but this year may disappoint

Money managers are bearish on continued gains for the US debt assets.

By Bloomberg
Will US banks be overshadowed by European peers in 2024?
INDUSTRY NEWS JAN 08, 2024
Will US banks be overshadowed by European peers in 2024?

Undervalued European lenders may be heading for a stellar year.

By Bloomberg
UBS is expanding its China onshore wealth business
WIREHOUSES JAN 08, 2024
UBS is expanding its China onshore wealth business

Despite tough conditions in the region, the wealth and asset manager sees potential.

By Bloomberg
Advisors expect record federal debt to result in higher taxes
REGULATION AND LEGISLATION JAN 05, 2024
Advisors expect record federal debt to result in higher taxes

'As an advisor, the national debt is a very concerning issue, especially with younger clients that have a longer time horizon, because the bill is eventually going to come due,' an advisor says.

By Mark Schoeff Jr.
Bitcoin ETF issuers clear hurdle on path to SEC approval
ETFS JAN 05, 2024
Bitcoin ETF issuers clear hurdle on path to SEC approval

SEC staff members asked some exchanges and issuers seeking to list the ETFs to submit the final version of a key document as soon as Friday, sources said.

By Bloomberg
Wrong birthday info led to $130K in RMD penalties, plaintiffs say
RETIREMENT PLANNING JAN 05, 2024
Wrong birthday info led to $130K in RMD penalties, plaintiffs say

A Wells Fargo client who was born in 1939 had his birthdate incorrectly recorded as 2001, according to a lawsuit.

By Emile Hallez
RBC nabs $610M team from Truist
BROKER DEALERS JAN 05, 2024
RBC nabs $610M team from Truist

The Cypress Group will operate out of RBC’s office in Wilmington, North Carolina.

By InvestmentNews
Solid payroll gains seen cutting chances for March rate cut
FIXED INCOME JAN 05, 2024
Solid payroll gains seen cutting chances for March rate cut

Futures are now pricing about 135 basis points of Fed rate cuts this year, down from more than 150 basis points earlier in the week.

By Bloomberg
Savant Wealth Management expands into Florida with acquisition of $440M firm
RIAS JAN 05, 2024
Savant Wealth Management expands into Florida with acquisition of $440M firm

Fee-only RIA completed its 11th deal of 2023 at the end of December.

By Steve Randall
Alger to add Redwood to $22B fund management business
INDUSTRY NEWS JAN 05, 2024
Alger to add Redwood to $22B fund management business

New York-based firm is betting on global equities rather than bonds, alts.

By Bloomberg
Asia's richest man back on top with $97B amid court probe reprieve
INDUSTRY NEWS JAN 05, 2024
Asia's richest man back on top with $97B amid court probe reprieve

Gautam Adani's firm had lost as much as $150B in market value at one point last year.

By Bloomberg
Best uses of an irrevocable trust 
JAN 05, 2024
Best uses of an irrevocable trust 

What are irrevocable trusts good for? Find out here.

By Ramon Berenguer