News

Displaying 42962 results
Vermont selects Vestwell to administer 529 savings program
INDUSTRY NEWS FEB 20, 2025
Vermont selects Vestwell to administer 529 savings program

Building on existing partnerships in auto-IRA and disability savings, the deal solidifies the fintech platform's role supporting investors in the state.

By Leo Almazora
Billionaire Perot cites 'big concern' on Trump tariff threats
INDUSTRY NEWS FEB 20, 2025
Billionaire Perot cites 'big concern' on Trump tariff threats

The second-term president's "inflationary and confusing" pronouncements notwithstanding, the Texas real estate tycoon and longtime Republican backer said he feels no voter's remorse.

By Bloomberg
LPL amps up alts capabilities with new centralized platform
ALTERNATIVES FEB 20, 2025
LPL amps up alts capabilities with new centralized platform

The broker-dealer behemoth is addressing demand from high-net-worth advisors and investors with a new partnership, while deepening its collaboration with SS&C and iCapital.

By Leo Almazora
Finra bars ex-Morgan Stanley broker previously charged with mail fraud
BROKER DEALERS FEB 20, 2025
Finra bars ex-Morgan Stanley broker previously charged with mail fraud

According to his BrokerCheck report, Roger A. Gallagher was charged last August with two felony counts and he pleaded not guilty to both.

By Bruce Kelly
Fidelity strengthens ETF portfolio focus with new suites
ETFS FEB 20, 2025
Fidelity strengthens ETF portfolio focus with new suites

The investing giant's newest model portfolio offerings blend active, passive, and third-party ETFs to target a range of risk and asset allocation profiles.

By Leo Almazora
Where RIAs stand on the full-time, return-to-office trend
RIAS FEB 20, 2025
Where RIAs stand on the full-time, return-to-office trend

Washington and Wall Street are demanding employees work in the office five days a week. Here's what RIAs are saying.

By Gregg Greenberg
Dynasty adds CIBC breakaways as Sanctuary unveils first strategic capital partnership
RIAS FEB 20, 2025
Dynasty adds CIBC breakaways as Sanctuary unveils first strategic capital partnership

Sanctuary Wealth's latest minority investment marks a new phase in the RIA aggregator's efforts to support independent advisor growth on its platform.

By Leo Almazora
Trump's first month sees traders dumping America-first wagers
EQUITIES FEB 20, 2025
Trump's first month sees traders dumping America-first wagers

The initial euphoria around the second-term president's arrival has faded, with rallies in US stocks and cryptocurrencies giving way to bearish sentiment.

By Bloomberg
Trump executive order gives White House influence over SEC rulemaking
REGULATION AND LEGISLATION FEB 20, 2025
Trump executive order gives White House influence over SEC rulemaking

The order weighing on the federal agency's independence could also have implications on enforcement activity, concerned observers say.

By Leo Almazora
New ETFs from JPMorgan, Invesco among recent launches
INDUSTRY NEWS FEB 20, 2025
New ETFs from JPMorgan, Invesco among recent launches

Growing cohort of exchange-traded funds enhances options for investors.

By Steve Randall
LPL Financial picks up $900M team from Raymond James
INDUSTRY NEWS FEB 20, 2025
LPL Financial picks up $900M team from Raymond James

New recruits join the firm's broker-dealer, RIA, and custodial platforms.

By Steve Randall
VestGen c-suite includes seasoned industry execs from LPL, Hightower
INDUSTRY NEWS FEB 20, 2025
VestGen c-suite includes seasoned industry execs from LPL, Hightower

Fledgling $5.3B RIA platform has ambitious growth plans.

By Steve Randall
US equities rally may be peaking, Citi strategists suggest
INDUSTRY NEWS FEB 20, 2025
US equities rally may be peaking, Citi strategists suggest

While Trump may boost business, there are short-term risks from policies.

By Bloomberg
Another fresh high for gold as geopolitical fears escalate
INDUSTRY NEWS FEB 20, 2025
Another fresh high for gold as geopolitical fears escalate

Bullion is headed to $3K as more investors take shelter.

By Bloomberg
Dealers under pressure as traders pile into VIX calls
INDUSTRY NEWS FEB 20, 2025
Dealers under pressure as traders pile into VIX calls

Strategist warns of potential for destabilizing force.

By Bloomberg
Deloitte highlights regulatory concerns for wealth firms in 2025
PRACTICE MANAGEMENT FEB 19, 2025
Deloitte highlights regulatory concerns for wealth firms in 2025

Despite a laxer regulatory direction under the Trump administration, the consultancy is warning RIAs against marketing rule and fiduciary standard complacency.

By Leo Almazora
What's next for crypto ETFs: Litecoin, XRP, Solana, and Dogecoin
ALTERNATIVES FEB 19, 2025
What's next for crypto ETFs: Litecoin, XRP, Solana, and Dogecoin

The SEC is reviewing ETF applications and proposed rule changes at various exchanges for alternatives to bitcoin and Ether. Approval for some may be likely, but whether investors want the options is a question.

By Emile Hallez
Amid continued DOGE efforts, Musk turns focus to centenarians in Social Security
RETIREMENT PLANNING FEB 19, 2025
Amid continued DOGE efforts, Musk turns focus to centenarians in Social Security

Evidence showing millions of records of individuals aged 100 or older overstate the real risk of fraud, sources say.

By Leo Almazora
Fed on hold until inflation picture improves, minutes show
BROKER DEALERS FEB 19, 2025
Fed on hold until inflation picture improves, minutes show

Notes from the January meeting show Federal Reserve officials are staying cautious after 2024 cuts, with several hoping for further progress towards 2 percent.

By Bloomberg
Convicted of fraud, GPB executives object to plans to return money to investors
ALTERNATIVES FEB 19, 2025
Convicted of fraud, GPB executives object to plans to return money to investors

Gentile and Schneider were convicted of fraud and conspiracy after a seven week trial in federal court in Brooklyn.

By Bruce Kelly