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Displaying 43024 results
Bad day for Bitcoin, net $218M withdrawn from ETFs
INDUSTRY NEWS APR 26, 2024
Bad day for Bitcoin, net $218M withdrawn from ETFs

Hong Kong will become latest market to launch crypto ETFs.

By Bloomberg
UBS share buybacks may be at risk from regulators
INDUSTRY NEWS APR 26, 2024
UBS share buybacks may be at risk from regulators

The banking group may need an extra $20B buffer under new rules.

By Bloomberg
‘Make sure clients know what they own and why’
INDUSTRY NEWS APR 25, 2024
‘Make sure clients know what they own and why’

Industry executives discuss being highly selective in private credit and the rise of hybrid ETFs.

By Josh Welsh
Fed will cut once before presidential election, says Howard Lutnick
INDUSTRY NEWS APR 25, 2024
Fed will cut once before presidential election, says Howard Lutnick

Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.

By Bloomberg
Raymond James' CEO shrugs off DOL rule
BROKER DEALERS APR 25, 2024
Raymond James' CEO shrugs off DOL rule

"It doesn't look too problematic at all," Paul Reilly said.

By Bruce Kelly
Wealth Enhancement Group lands $502M powerhouse team
ADVISOR MOVES APR 25, 2024
Wealth Enhancement Group lands $502M powerhouse team

The national wealth firm is snapping up a hybrid RIA from Raymond James, establishing its fourth foothold in Maryland.

By Leo Almazora
Tech stocks tumble after Meta misses on earnings
INDUSTRY NEWS APR 25, 2024
Tech stocks tumble after Meta misses on earnings

The Nasdaq 100 shed $400B, the Facebook parent slumped by as much as 16%, and AI believers are left on tenterhooks.

By Bloomberg
Cetera names new head of corporate development
RIAS APR 25, 2024
Cetera names new head of corporate development

With a successful record at Avantax, Wall Street veteran Michael Molnar is set to lead the RIA's M&A and advisor succession planning strategy.

By Leo Almazora
Distressed investors finding opportunities despite bull market, strong economy
INDUSTRY NEWS APR 25, 2024
Distressed investors finding opportunities despite bull market, strong economy

"Interest rates have skyrocketed in the last 24 months and because of that, you're seeing more and more distress,” said one fund manager.

By Gregg Greenberg
LPL welcomes $190M boomerang advisor
BROKER DEALERS APR 25, 2024
LPL welcomes $190M boomerang advisor

The broker-dealer broadened its advisory footprint in North Carolina as industry veteran returns from Benjamin F. Edwards & Co.

By Leo Almazora
US investment firms have seen 9% rise in financial impact of fraud
INDUSTRY NEWS APR 25, 2024
US investment firms have seen 9% rise in financial impact of fraud

LexisNexis report highlights increased risk as digital channels expand.

By Steve Randall
IRS wants to streamline tax disputes with new focus on alternative programs
INDUSTRY NEWS APR 25, 2024
IRS wants to streamline tax disputes with new focus on alternative programs

Alternative Dispute Resolution Program Management Office formed.

By Steve Randall
Tech stocks drag US futures as GDP stats awaited
INDUSTRY NEWS APR 25, 2024
Tech stocks drag US futures as GDP stats awaited

Meta dropped 15% in premarket trading Thursday.

By Bloomberg
ESG mandated US funds posted $9B outflows in Q1
INDUSTRY NEWS APR 25, 2024
ESG mandated US funds posted $9B outflows in Q1

First three months of 2024 was challenging for sustainable funds.

By Bloomberg
International exporters to US set to win amid dollar gains
INDUSTRY NEWS APR 25, 2024
International exporters to US set to win amid dollar gains

While other international stocks are pressured, exporters should win.

By Bloomberg
Two words that turned $8.99 into a cool million dollars
INDUSTRY NEWS APR 25, 2024
Two words that turned $8.99 into a cool million dollars

A think tank intern's crypto bet was a most unusual 'investment'.

By Bloomberg
Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule
COMPLIANCE APR 24, 2024
Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule

A growing sentiment against restricting employee moves could affect non-solicitation, too.

By Mark Schoeff Jr.
Concurrent invests in tomorrow with leadership hires
PRACTICE MANAGEMENT APR 24, 2024
Concurrent invests in tomorrow with leadership hires

The hybrid RIA appoints industry vets to its bench as it emphasizes commitment to growth, next-gen talent, and succession.

By Leo Almazora
New DOL rule no big deal, says Stifel's Kruszewski
BROKER DEALERS APR 24, 2024
New DOL rule no big deal, says Stifel's Kruszewski

"It appears to be less restrictive than what was proposed," says CEO.

By Bruce Kelly
Concord ups the ante on Hipgnosis takeover battle
ALTERNATIVES APR 24, 2024
Concord ups the ante on Hipgnosis takeover battle

The music rights investor increased its bid to own the London-listed company’s enviable library of songs from iconic acts.

By Bloomberg