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Nominations for Hot List end this week
INDUSTRY NEWS SEP 06, 2023
Nominations for Hot List end this week

Submissions for InvestmentNews’ inaugural hottest showcase close this Friday.

By InvestmentNews
Wall Street fights over tab for audit-trail system
REGULATION AND LEGISLATION SEP 06, 2023
Wall Street fights over tab for audit-trail system

The cost of the new system was estimated at $500 million at the end of last year.

By Bloomberg
RIA team running 401K to promote 401(k) plans
RETIREMENT PLANNING SEP 06, 2023
RIA team running 401K to promote 401(k) plans

Chuck Smith and his team at Qualified Plan Advisors will be running 401K, or 250 miles, in honor of National 401(k) Day Friday.

By Gregg Greenberg
Implications of the SEC rulemaking agenda
OPINION SEP 06, 2023
Implications of the SEC rulemaking agenda

The more than a dozen major new rules the agency has proposed or finalized will create significant disruption for investment advisors, with substantial long-term implications.

By Karen Barr
Wealth management firms need scale to help advisors thrive
OPINION SEP 06, 2023
Wealth management firms need scale to help advisors thrive

Scale offers the solutions, capital and expertise entrepreneurial financial advisors need to serve their clients with distinction and build strong businesses.

By Greg Cornick
Three wealth firms complete M&A to boost assets by more than $16B
RIAS SEP 06, 2023
Three wealth firms complete M&A to boost assets by more than $16B

Hundreds of advisors are now with new firms following the transactions.

By Steve Randall
Raymond James adds $317M wealth advisory team
BROKER DEALERS SEP 06, 2023
Raymond James adds $317M wealth advisory team

The three financial advisors and four associates join the firm from Avantax.

By Steve Randall
Men dominate most lucrative college degrees, Bankrate study reveals
INDUSTRY NEWS SEP 06, 2023
Men dominate most lucrative college degrees, Bankrate study reveals

Despite efforts to improve gender equality, women are less likely to hold highest earning degrees.

By Steve Randall
Dollar remains strong but euro gains amid rate hike signal
INDUSTRY NEWS SEP 06, 2023
Dollar remains strong but euro gains amid rate hike signal

Oil prices are also elevated as producers extend output cuts.

By Bloomberg
Why Morgan Stanley has resumed bearish view on EMs
INDUSTRY NEWS SEP 06, 2023
Why Morgan Stanley has resumed bearish view on EMs

Wall Street stalwart points to China growth risks.

By Bloomberg
Climate goals need $18T investment, but red tape is in the way
INDUSTRY NEWS SEP 06, 2023
Climate goals need $18T investment, but red tape is in the way

BCG says the speed of greener energy must speed up.

By Bloomberg
Who are the powerbrokers controlling $3T of global wealth?
INDUSTRY NEWS SEP 06, 2023
Who are the powerbrokers controlling $3T of global wealth?

Middle East based investment funds are key players in global dealmaking.

By Bloomberg
Ex-DRW trader allegedly stole quant strategy code
INDUSTRY NEWS SEP 06, 2023
Ex-DRW trader allegedly stole quant strategy code

Lawsuit accuses the trader and analyst of copying proprietary software code.

By Bloomberg
Tax and financial planning questions raised by Diddy's song rights transfer
RETIREMENT PLANNING SEP 05, 2023
Tax and financial planning questions raised by Diddy's song rights transfer

Creative control, income and capital gains are among the considerations for songwriters and recording artists.

By Emile Hallez
Schwab execs declare RIA transition from TD a success
FINTECH SEP 05, 2023
Schwab execs declare RIA transition from TD a success

Despite some minor glitches and some email outreach confusion, most advisors are handling the change well.

By Ryan W. Neal
Brokerages make progress, but still fall short on Reg BI compliance: State regulators
REGULATION AND LEGISLATION SEP 05, 2023
Brokerages make progress, but still fall short on Reg BI compliance: State regulators

'Efforts to address the standard of care concepts established by Reg BI remain perfunctory,' the NASAA report states.

By Mark Schoeff Jr.
Ex-Wells chief Kowach's new firm buys Tennessee  broker-dealer
RIAS SEP 05, 2023
Ex-Wells chief Kowach's new firm buys Tennessee broker-dealer

The firm, Wiley Bros.-Aintree Capital, is based in Nashville and has been in business since 1945.

By Bruce Kelly
$4.5B team from Bank of America Private Bank joins RIA
RIAS SEP 05, 2023
$4.5B team from Bank of America Private Bank joins RIA

The five-member team joining Fidelis Capital will operate from an office in Washington, D.C.

By InvestmentNews
Former Wells Fargo exec Tolstedt deserves prison in accounts scandal, US says
WIREHOUSES SEP 05, 2023
Former Wells Fargo exec Tolstedt deserves prison in accounts scandal, US says

Carrie Tolstedt, the bank's former head of retail banking, pled guilty this year to obstructing the investigation of the bank's fake accounts.

By Bloomberg
Want to invest in part of a luxury auto? There's a new platform for that
INDUSTRY NEWS SEP 05, 2023
Want to invest in part of a luxury auto? There's a new platform for that

Investors can now own a piece of rare, luxury, investment-grade vehicles.

By Steve Randall