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White House unlikely to support SALT cap hikes as tax fight looms
REGULATION AND LEGISLATION JUN 13, 2024
White House unlikely to support SALT cap hikes as tax fight looms

A second term for President Joe Biden would mean focusing on higher taxes for corporations and billionaires, says top economic advisor.

By Bloomberg
A look at 401(k) Transamerica fees 
JUN 13, 2024
A look at 401(k) Transamerica fees 

Is the 401(k) from Transamerica a good retirement plan or should you skip it and choose other 401(k) providers? Find out more in this article

By Ramon Berenguer
What is the SEC? 
JUN 13, 2024
What is the SEC? 

Few people realize what the SEC is and how important it is. Get to know more about the SEC and how it safeguards investors, financial markets, and the nation at large

By Ramon Berenguer
Kestra adds $400M firm to expand New York presence
BROKER DEALERS JUN 13, 2024
Kestra adds $400M firm to expand New York presence

The independent wealth giant is getting another foothold in the Empire State with high-net-worth practice led by two dedicated advisors.

By Leo Almazora
Wirehouse sacks staff after investigating allegations of faking work
INDUSTRY NEWS JUN 13, 2024
Wirehouse sacks staff after investigating allegations of faking work

More than a dozen staffers fired over alleged 'simulation of keyboard activity,' according to Finra disclosures.

By Bloomberg
M&A on a tear, and women advisors going solo, IN study shows
RIAS JUN 13, 2024
M&A on a tear, and women advisors going solo, IN study shows

Valuations are up to 10 times EBITDA, and women are most highly represented in the industry in solo firms, the data show.

By Emile Hallez
Veteran advisor duo skips from Stifel to LPL
BROKER DEALERS JUN 13, 2024
Veteran advisor duo skips from Stifel to LPL

The two advisors, who reported managing $300M in assets, are launching their own independent practice based in Illinois.

By Leo Almazora
Wells Fargo says five pivot points in the US economy will drive growth for 18 months
WIREHOUSES JUN 13, 2024
Wells Fargo says five pivot points in the US economy will drive growth for 18 months

CIO sees growth for both equities and fixed income, with the right choices.

By Steve Randall
SEC says firm, founder lost or spent $3M of investors' money in fraud
INDUSTRY NEWS JUN 13, 2024
SEC says firm, founder lost or spent $3M of investors' money in fraud

The agency's action is alongside criminal charges by New Jersey’s state attorney.

By Steve Randall
Bond traders unconvinced the Fed will only cut once
INDUSTRY NEWS JUN 13, 2024
Bond traders unconvinced the Fed will only cut once

Markets believe data still suggests additional changes.

By Bloomberg
JPMorgan sees AI early-adopters' advantage for companies
INDUSTRY NEWS JUN 13, 2024
JPMorgan sees AI early-adopters' advantage for companies

Those that use transformative tech could be see next investment surge.

By Bloomberg
Musk says shareholders hugely in favor of his $56B Tesla pay
INDUSTRY NEWS JUN 13, 2024
Musk says shareholders hugely in favor of his $56B Tesla pay

He also said they back the firm's move to Texas.

By Bloomberg
Prosecutor claims GPB 'was built on lies'
ALTERNATIVES JUN 12, 2024
Prosecutor claims GPB 'was built on lies'

GPB executives used phony, back-dated documents as part of a scheme to defraud investors, federal prosecutor claims.

By Bruce Kelly
Asset managers to square off at global chess championship
INDUSTRY NEWS JUN 12, 2024
Asset managers to square off at global chess championship

Representatives from Goldman Sachs and BlackRock are clashing with other blue-chip firms to see who can capture victory in the 64 squares.

By Leo Almazora
Nine-tenths of parents value college, but less than half ready for the first tuition payment
INDUSTRY NEWS JUN 12, 2024
Nine-tenths of parents value college, but less than half ready for the first tuition payment

Survey unravels diverse approaches to paying for college, including 529 accounts, student loans, and dipping into retirement savings.

By Leo Almazora
Coldstream broadens its capabilities with new risk planning division
INDUSTRY NEWS JUN 12, 2024
Coldstream broadens its capabilities with new risk planning division

The new unit’s risk and insurance capabilities will be integrated with the Seattle-based independents tax and wealth management services.

By Leo Almazora
New report projects $31T wealth transfer among world’s richest by 2033
INDUSTRY NEWS JUN 12, 2024
New report projects $31T wealth transfer among world’s richest by 2033

The report offers a generational and geographic breakdown of the trend, as well as crucial shifts in drivers and motivators for inheritance.

By Leo Almazora
Federal Reserve reveals June rate decision
INDUSTRY NEWS JUN 12, 2024
Federal Reserve reveals June rate decision

Central bank signals new speed of cuts as it adjusts language in its post-meeting statement.

By Bloomberg
Equitable Advisors welcomes $326M advisor pair from Truist
ADVISOR MOVES JUN 12, 2024
Equitable Advisors welcomes $326M advisor pair from Truist

Based in Virginia, the veteran advisors each bring over 20 years of experience as they join the wealth management giant.

By Leo Almazora
Summit Trail goes national with $3B high-end team
RIAS JUN 12, 2024
Summit Trail goes national with $3B high-end team

The team, formerly with BNP Paribas/Bank of the West, includes 10 seasoned professionals from across the US.

By Leo Almazora