Advisor News

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JPMorgan Asset Management thinks Fed cuts could be deeper
INDEPENDENT BROKER DEALERS JAN 11, 2024
JPMorgan Asset Management thinks Fed cuts could be deeper

Wall Street firm believes that while 1.5% of cuts is probably correct, there could be more easing needed.

By Bloomberg
Spot bitcoin ETFs will be in SEC's crosshairs
ETFS JAN 10, 2024
Spot bitcoin ETFs will be in SEC's crosshairs

The products, which could begin trading Thursday, will be closely scrutinized by the regulator, which did not approve them willingly, a lawyer says.

By Emile Hallez
Most Democrats support DOL advice proposal in House hearing
RETIREMENT PLANNING JAN 10, 2024
Most Democrats support DOL advice proposal in House hearing

'We ought to require the best interests of the investor to be protected and we’ve got some loopholes to fill,' says top Democrat on the panel.

By Mark Schoeff Jr.
SEC OKs 11 spot bitcoin ETFs in milestone for digital assets
ETFS JAN 10, 2024
SEC OKs 11 spot bitcoin ETFs in milestone for digital assets

The exchange-traded funds will greatly increase access to the largest cryptocurrency.

By Bloomberg
Cambridge launches fee-only RIA
RIA NEWS JAN 10, 2024
Cambridge launches fee-only RIA

BridgePort Financial Solutions can provide smaller RIAs with support in areas such as technology, practice management and outsourcing.

By InvestmentNews
3 ways to jump-start your growth in 2024
OPINION JAN 10, 2024
3 ways to jump-start your growth in 2024

As the new year begins, it’s beneficial to challenge yourself – and your practice – and set strategic goals for the future.

By Kristine McManus
Bond market has a $2T debt problem that's fast approaching
FIXED INCOME JAN 10, 2024
Bond market has a $2T debt problem that's fast approaching

As governments prepare to ramp up supply, will investors want to take the risk?

By Bloomberg
Advisors worry about losing independence under DOL contractor rule
PRACTICE MANAGEMENT JAN 09, 2024
Advisors worry about losing independence under DOL contractor rule

'We're small business owners; we’re entrepreneurs,' advisor says. 'I don't know what that would look like if we're suddenly employees of a broker-dealer.'

By Mark Schoeff Jr.
The biggest TAMP is looking for a CEO. Could an outsider satisfy investors?
FINTECH JAN 09, 2024
The biggest TAMP is looking for a CEO. Could an outsider satisfy investors?

As Envestnet searches for a new leader, it may also be exploring a sale of Yodlee, its data aggregator.

By Emile Hallez
Finra watching crypto assets, brokers in 2024
INDEPENDENT BROKER DEALERS JAN 09, 2024
Finra watching crypto assets, brokers in 2024

Finra reveals it's keeping tabs on salespeople and financial advisors who are involved in the marketing and sale of digital assets.

By Bruce Kelly
SEC denies bitcoin ETF approval after X account compromised
ALTERNATIVES JAN 09, 2024
SEC denies bitcoin ETF approval after X account compromised

Chair Gary Gensler denounces unauthorized social media post.

By James Burton
Understanding the behavioral benefits of annuities
OPINION JAN 09, 2024
Understanding the behavioral benefits of annuities

Financial professionals tend to emphasize the strong quantitative benefits annuities provide, yet it’s the emotional and behavioral benefits that often make them the ideal choice for consumers.

By Philip E. Caminiti
'Wall Street South' beckons financial services firms
OPINION JAN 09, 2024
'Wall Street South' beckons financial services firms

Why hedge fund managers, advisory firms and other financial services firms are basking in the sun in Miami.

By Michael Nessim
Real estate takes top spot in estate planning survey
RETIREMENT PLANNING JAN 09, 2024
Real estate takes top spot in estate planning survey

Advisor explains how to guard against pitfalls and family tensions when clients pass on their family home.

By Gregg Greenberg
Is today the day for spot bitcoin ETF approval?
ETFS JAN 09, 2024
Is today the day for spot bitcoin ETF approval?

The cryptocurrency has eased from a $47K high but is up 10% so far this year.

By Bloomberg
3M to freeze its pension plan
RETIREMENT PLANNING JAN 08, 2024
3M to freeze its pension plan

The move follows a significant rise in the funded status of corporate defined-benefit plans.

By Emile Hallez
Raymond James' Reilly sees comp soar in 2023
INDEPENDENT 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