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Hedge funds are expanding basis trades, data suggests
INDUSTRY NEWS AUG 30, 2023
Hedge funds are expanding basis trades, data suggests

Surge in short sales of US Treasury futures hints at a return of the tactic.

By Bloomberg
More low-income Americans are skipping meals, missing rent
INDUSTRY NEWS AUG 30, 2023
More low-income Americans are skipping meals, missing rent

The cost-of-living crisis is biting hard in America's poorest households.

By Bloomberg
Countering the counterfeits: How to spot a fake Prada
INDUSTRY NEWS AUG 30, 2023
Countering the counterfeits: How to spot a fake Prada

Blockchain tech is being used in the battle against fake luxury products.

By Bloomberg
Goldman pays $5.5M over allegation it didn't record calls
REGULATION AND LEGISLATION AUG 29, 2023
Goldman pays $5.5M over allegation it didn't record calls

The Commodity Futures Trading Commission alleged that two outside systems Goldman relied on to record conversations sometimes failed in 2020.

By Bloomberg
SEC’s first NFT enforcement action should give advisors pause, experts say
ALTERNATIVES AUG 29, 2023
SEC’s first NFT enforcement action should give advisors pause, experts say

'This is further indication that NFT trading by advisors is not ready for prime time,' Ric Edelman says.

By Mark Schoeff Jr.
Spot bitcoin ETF inches ahead with SEC's court loss
ALTERNATIVES AUG 29, 2023
Spot bitcoin ETF inches ahead with SEC's court loss

Advisors have a range of stances on cryptocurrency, even in ETF form.

By Emile Hallez
Schwab, TD sued for failing to protect customer data from MOVEit hack
FINTECH AUG 29, 2023
Schwab, TD sued for failing to protect customer data from MOVEit hack

The class-action complaint alleges the hack exposed personal information of 61,000 TD customers.

By Ryan W. Neal
Baird adds trio who managed $500M at Zions
ADVISOR MOVES AUG 29, 2023
Baird adds trio who managed $500M at Zions

The three advisors have joined Baird’s office in Salt Lake City.

By Lauren Johnson
Tax cuts vs. debt reduction: GOP presidential debate illustrates conundrum
REGULATION AND LEGISLATION AUG 29, 2023
Tax cuts vs. debt reduction: GOP presidential debate illustrates conundrum

'We need to address the looming debt and quit kicking the can down the road,' one advisor says.

By Mark Schoeff Jr.
Pre-retirees favor advisors with national firm affiliation
RETIREMENT PLANNING AUG 29, 2023
Pre-retirees favor advisors with national firm affiliation

Cerulli Associates research reveals how reliance on advisors rises as retirement approaches.

By Steve Randall
Female-led $325M duo launch sports and entertainment focused firm with LPL
BROKER DEALERS AUG 29, 2023
Female-led $325M duo launch sports and entertainment focused firm with LPL

New independent wealth firm also specializes in helping women in transition.

By Steve Randall
Ultimate status symbol? The 'billionaire's handshake' watch
INDUSTRY NEWS AUG 29, 2023
Ultimate status symbol? The 'billionaire's handshake' watch

At an average $51K each, could these timepieces prove to be a good investment?

By Bloomberg
Why psychology-driven financial planner believes industry is ripe for change
WOMEN ADVISOR COMMUNITY AUG 28, 2023
Why psychology-driven financial planner believes industry is ripe for change

InvestmentNews Women to Watch judge Sonya Lutter says it’s vital for other women to see female leadership

By Manal Ali
IRS catch-up guidance a relief to 401(k) sponsors, advisors
RETIREMENT PLANNING AUG 28, 2023
IRS catch-up guidance a relief to 401(k) sponsors, advisors

Plans now have until 2026 to add Roth accounts that will allow high earners to make catch-up contributions.

By Emile Hallez
Helping clients overcome their lack of 'longevity literacy'
RETIREMENT PLANNING AUG 28, 2023
Helping clients overcome their lack of 'longevity literacy'

Advisors say they're constantly forced to educate clients about the dangers of outlasting their money, no matter their age.

By Gregg Greenberg
Goldman retreat from RIA market shows pitfalls of chasing varied clients
RIAS AUG 28, 2023
Goldman retreat from RIA market shows pitfalls of chasing varied clients

Bank's decision to refocus on super-rich shows how tough change can be for an institution like Goldman, say industry sources.

By Bruce Kelly
Goldman to sell RIA group to Creative Planning
RIAS AUG 28, 2023
Goldman to sell RIA group to Creative Planning

The RIA unit, with about $29 billion in assets, was known as United Capital when Goldman acquired it in 2019.

By Bruce Kelly
Raymond James adds $2.6B team from Securian
BROKER DEALERS AUG 28, 2023
Raymond James adds $2.6B team from Securian

San Ramon, California-based Summit Financial Group includes 16 financial advisors.

By InvestmentNews
Retirement plan confusion creating advisor opportunities
RETIREMENT PLANNING AUG 28, 2023
Retirement plan confusion creating advisor opportunities

Although 76% of sponsors were extremely satisfied with their current plan advisor, 22% reported they were actively looking to switch.

By Gregg Greenberg
Almost half of retirees want to go back to work, not always for money
RETIREMENT PLANNING AUG 28, 2023
Almost half of retirees want to go back to work, not always for money

And millions of Americans are set to delay retirement, according to a new survey.

By Steve Randall