News

Displaying 43059 results
State Street names leader for its largest business, Investment Services
INDUSTRY NEWS AUG 13, 2024
State Street names leader for its largest business, Investment Services

Internal appointment recognizes role in driving business success.

By Steve Randall
Wealthtech firms partner up to help advisors enhance tech capabilities
INDUSTRY NEWS AUG 13, 2024
Wealthtech firms partner up to help advisors enhance tech capabilities

Firms have a shared vision for 'democratizing access to wealth management tools.'

By Steve Randall
Investors still bullish on big tech despite market volatility
INDUSTRY NEWS AUG 13, 2024
Investors still bullish on big tech despite market volatility

BofA survey also shows continued expectation of a soft landing for US.

By Bloomberg
Oil prices could ease as IEA data suggests surplus ahead
INDUSTRY NEWS AUG 13, 2024
Oil prices could ease as IEA data suggests surplus ahead

It all depends on OPEC+ plan to hike supplies.

By Bloomberg
B. Riley misses report to regulators as it struggles to value assets
INDUSTRY NEWS AUG 13, 2024
B. Riley misses report to regulators as it struggles to value assets

Investment firm is under SEC investigation.

By Bloomberg
Worried about the job market? It's time to build emergency savings
INDUSTRY NEWS AUG 12, 2024
Worried about the job market? It's time to build emergency savings

While a healthcare worker might not spend very long being unemployed, the same might not be the case for a tech worker, and there is a case for up to 18 months' of savings.

By Emile Hallez
Downside protected ETF battle continues to heat up
INDUSTRY NEWS AUG 12, 2024
Downside protected ETF battle continues to heat up

Convertible bond specialist Calamos has big plans for its new line of buffer ETFs.

By Gregg Greenberg
Cadaret Grant, LPL's fresh B-D purchase, to pay $6M+ over revenue sharing conflicts
REGULATION AND LEGISLATION AUG 12, 2024
Cadaret Grant, LPL's fresh B-D purchase, to pay $6M+ over revenue sharing conflicts

The Atria subsidiary failed to disclose conflicted payments and mutual fund transaction markups to clients for nearly five years, according to the SEC.

By Leo Almazora
Riley chief tells advisors he's "not naive" to franchise deal fallout
BROKER DEALERS AUG 12, 2024
Riley chief tells advisors he's "not naive" to franchise deal fallout

It's unusual for brokerage chiefs or senior officers to admit any shortcomings in their operations.

By Bruce Kelly
Citi to sell off wealth unit’s trust administration services
INDUSTRY NEWS AUG 12, 2024
Citi to sell off wealth unit’s trust administration services

The banking giant’s decision comes shortly after news that a key member of its leadership is leaving after just four months.

By Leo Almazora
Macro uncertainty, muted earnings outlook to weigh on stocks, warns Morgan Stanley strategist
INDUSTRY NEWS AUG 12, 2024
Macro uncertainty, muted earnings outlook to weigh on stocks, warns Morgan Stanley strategist

S&P 500 seen to stay range-bound as seasonal weakness and Fed fears start to creep in.

By Bloomberg
LPL kicks off biggest-ever conference at Focus 2024
INDUSTRY NEWS AUG 12, 2024
LPL kicks off biggest-ever conference at Focus 2024

The three-day agenda for the San Diego event includes a brand-new visual identity, 200 breakout sessions, and discussions around AI and cybersecurity.

By Leo Almazora
American borrowers leaning on cards as wait for rate cuts continues
INDUSTRY NEWS AUG 12, 2024
American borrowers leaning on cards as wait for rate cuts continues

But those with lower credit ratings may find credit harder to get.

By Steve Randall
Boomerang kids could ease household budgets, assuming they pay their share
INDUSTRY NEWS AUG 12, 2024
Boomerang kids could ease household budgets, assuming they pay their share

Adult children returning home brings multiple financial challenges.

By Steve Randall
CPI stats unlikely to derail Fed rate cut in September
INDUSTRY NEWS AUG 12, 2024
CPI stats unlikely to derail Fed rate cut in September

Small rise in US inflation data expected this week.

By Bloomberg
Bonds back in favor as a hedge as inverse relationship returns
INDUSTRY NEWS AUG 12, 2024
Bonds back in favor as a hedge as inverse relationship returns

Fixed income is helping offset dips for equities, at least for now.

By Bloomberg
Foreign investors in record retreat from China stocks
INDUSTRY NEWS AUG 12, 2024
Foreign investors in record retreat from China stocks

Concern about world's second largest economy heightened.

By Bloomberg
Olympic gold medals worth more than ever
INDUSTRY NEWS AUG 12, 2024
Olympic gold medals worth more than ever

But winning athletes are often gifted more valuable items.

By Bloomberg
Washington RIA takes $430k penalty over misleading advertisements
REGULATION AND LEGISLATION AUG 09, 2024
Washington RIA takes $430k penalty over misleading advertisements

The SEC said Bellevue, Washington-based firm flouted the regulator’s marketing rule when it touted certain performance figures.

By Leo Almazora
BofA Private Bank taps ex-Citi leader to head Miami growth
INDUSTRY NEWS AUG 09, 2024
BofA Private Bank taps ex-Citi leader to head Miami growth

The firm’s latest hire will bring 25 years of experience with hedge funds and family offices as part of a strategic push in South Florida.

By Leo Almazora