News

Displaying 43074 results
Most parents have made a financial sacrifice to help their adult children
INDUSTRY NEWS MAY 31, 2024
Most parents have made a financial sacrifice to help their adult children

Emergency savings, debt payments, even retirement savings are at risk.

By Steve Randall
Global bonds fall again amid stubborn inflation outlook
INDUSTRY NEWS MAY 31, 2024
Global bonds fall again amid stubborn inflation outlook

Traders expect to be dealing with the challenge for some time yet.

By Bloomberg
Wall Street is prepping for Trump-Biden bumpy ride
INDUSTRY NEWS MAY 31, 2024
Wall Street is prepping for Trump-Biden bumpy ride

What will be the likely market impacts of the election?

By Bloomberg
Big banks are allocating more to private credit
INDUSTRY NEWS MAY 31, 2024
Big banks are allocating more to private credit

Goldman, Citi, Wells Fargo among those increasing allocations.

By Bloomberg
Where the DOL's fiduciary rule intersects with HSAs
RETIREMENT PLANNING MAY 30, 2024
Where the DOL's fiduciary rule intersects with HSAs

For those who want to avoid becoming fiduciaries, be wary of the line between education and advice, lawyers warn.

By Emile Hallez
Trump guilty on all counts, finds jury at hush-money trial
INDUSTRY NEWS MAY 30, 2024
Trump guilty on all counts, finds jury at hush-money trial

The former US president faces up to four years in prison, creating a challenging path for his reelection campaign.

By Bloomberg
Arete Wealth strikes deal for California-based Portsmouth Financial Services
ALTERNATIVES MAY 30, 2024
Arete Wealth strikes deal for California-based Portsmouth Financial Services

The leading broker-dealer and RIA is adding over $800M in AUM along with a new San Francisco branch office.

By Leo Almazora
LPL expands in Virginia with $400M wealth firm
ADVISOR MOVES MAY 30, 2024
LPL expands in Virginia with $400M wealth firm

The firm, led by a three-decade industry veteran, is hopping to LPL after affiliating with Momentum Independent Network.

By Leo Almazora
High-risk alts burn client in $1.2 million arbitration
ALTERNATIVES MAY 30, 2024
High-risk alts burn client in $1.2 million arbitration

'The positive thing about this award is that it is roughly 10 times the net out of pocket losses to the client,' says the client's attorney.

By Bruce Kelly
Schwab study explains forces behind advisor moves to independence
RIAS MAY 30, 2024
Schwab study explains forces behind advisor moves to independence

98 percent of recently independent advisors said the ability to provide more personalized service was a leading motivator for breaking away.

By Gregg Greenberg
Realta Wealth taps industry vet John Barragan to COO role
INDUSTRY NEWS MAY 30, 2024
Realta Wealth taps industry vet John Barragan to COO role

The independent wealth platform’s newest leadership hire brings extensive experience from Kestra, Goldman Sachs, and Cetera.

By Leo Almazora
Raymond James bags nearly $1B in assets with ex-Truist team
BROKER DEALERS MAY 30, 2024
Raymond James bags nearly $1B in assets with ex-Truist team

Joining the financial institutions division, the group of advisors and branch professionals strengthens the wealth giant’s presence in Florida.

By Leo Almazora
Morgan Stanley helped Musk conceal Twitter stock buying, suit says
INDUSTRY NEWS MAY 30, 2024
Morgan Stanley helped Musk conceal Twitter stock buying, suit says

Oklahoma pension fund alleges the "secret" scheme to consolidate ownership stakes led to almost $1.5M in commissions.

By Bloomberg
Dynasty Financial welcomes breakaway team in Virginia
RIAS MAY 30, 2024
Dynasty Financial welcomes breakaway team in Virginia

The newly launched independent firm, previously managing $750 million at Wells Fargo, extends Dynasty’s reach in the East.

By Leo Almazora
Graduates want a career in finance industry, happy to work with AI
INDUSTRY NEWS MAY 30, 2024
Graduates want a career in finance industry, happy to work with AI

CFA Institute study highlights attractiveness of working with wealth.

By Steve Randall
Investor who lost $1.5M uses AI platform to recover $100M for others
INDUSTRY NEWS MAY 30, 2024
Investor who lost $1.5M uses AI platform to recover $100M for others

Platform gets backing of experienced investors in $2M seed round.

By Steve Randall
Outsourced trading boosts investment performance for asset managers: State Street
INDUSTRY NEWS MAY 30, 2024
Outsourced trading boosts investment performance for asset managers: State Street

Report found widespread performance gains across North America, globally.

By Steve Randall
Record-breaking summer heat set to spark commodities volatility
INDUSTRY NEWS MAY 30, 2024
Record-breaking summer heat set to spark commodities volatility

From natural gas to soy, prices are already rising globally.

By Bloomberg
UBS appoints new US business leader, joint head of wealth
INDUSTRY NEWS MAY 30, 2024
UBS appoints new US business leader, joint head of wealth

Management shakeup sets up CEO succession plan.

By Bloomberg
Are US banks too exposed to CRE when REITs are considered?
INDUSTRY NEWS MAY 30, 2024
Are US banks too exposed to CRE when REITs are considered?

Study suggests regulators may not appreciate the risk.

By Bloomberg