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Most financial services firms preempting crypto regulations with employee policies
ALTERNATIVES FEB 21, 2024
Most financial services firms preempting crypto regulations with employee policies

Almost half of firms say they already have a policy, and more intend to add one this year.

By Steve Randall
Emerging-market stocks set to erase losses as valuations entice investors
INDUSTRY NEWS FEB 21, 2024
Emerging-market stocks set to erase losses as valuations entice investors

After a $1 trillion wipeout, emerging markets are back in favor.

By Bloomberg
Hedge funds have cut back on Magnificent Seven holdings
EQUITIES FEB 21, 2024
Hedge funds have cut back on Magnificent Seven holdings

Funds were net sellers of big tech stocks in the fourth quarter.

By Bloomberg
HSBC commits to slashing carbon footprint in capital markets
ESG FEB 21, 2024
HSBC commits to slashing carbon footprint in capital markets

The global banking group becomes one of the first to set targets.

By Bloomberg
‘Sobering’ report shows increasing reach of fintech over traditional firms
FINTECH FEB 21, 2024
‘Sobering’ report shows increasing reach of fintech over traditional firms

About a quarter of Americans have tried a tech-based savings or investing service, and companies with scale are getting the most business, a report from Hearts & Wallets finds.

By Emile Hallez
Black, Hispanic investors younger, more open to risk: Report
INDUSTRY NEWS FEB 20, 2024
Black, Hispanic investors younger, more open to risk: Report

Minority investors are more likely to engage in risky investments such as meme stocks, cryptocurrencies, and options, according to a report from the Finra Investor Education Foundation.

By Bruce Kelly
Number of CFPs hits new global high
INDUSTRY NEWS FEB 20, 2024
Number of CFPs hits new global high

The latest numbers point to four booming markets for financial planning professionals, including two double-digit growth hotspots.

By Leo Almazora
Finra names new members to its board
REGULATION AND LEGISLATION FEB 20, 2024
Finra names new members to its board

Finra's new governors include Vanguard’s first-ever global CIO and the president of UBS Americas.

By Leo Almazora
An inside look into Principal Financial Group 401(k) 
FEB 20, 2024
An inside look into Principal Financial Group 401(k) 

As a 401(k) provider, how does Principal Financial Group fare? Is it advisable to get a 401(k) plan from them? Find out more here

By Ramon Berenguer
Mega-RIAs still winning out amid advisor growth surge: Cerulli
RIAS FEB 20, 2024
Mega-RIAs still winning out amid advisor growth surge: Cerulli

Even as the pace of advisor growth doubled, challenges continued for the overwhelming majority of smaller firms.

By Leo Almazora
LPL is stepping up support for high-net-worth advisors
BROKER DEALERS FEB 20, 2024
LPL is stepping up support for high-net-worth advisors

New high-net-worth services offering provides access to advisory dream team of attorneys, CPAs, and advanced planning specialists.

By Leo Almazora
Dynasty Financial taps industry veteran Tim Oden
RIAS FEB 20, 2024
Dynasty Financial taps industry veteran Tim Oden

The platform continues to elevate its appeal to RIAs with the appointment of the longtime Schwab executive.

By Leo Almazora
Gensler cites risks where banks and non-banks meet
REGULATION AND LEGISLATION FEB 20, 2024
Gensler cites risks where banks and non-banks meet

The SEC chair talks about the outlook for implementing the rest of his regulatory agenda.

By Bloomberg
Prospera adds $650M AUM firm in Redlands, California
ADVISOR MOVES FEB 20, 2024
Prospera adds $650M AUM firm in Redlands, California

The team was attracted to the boutique wealth management firm's 'family-like' culture.

By Steve Randall
8 in 10 Americans admit regrets about their financial choices
INDUSTRY NEWS FEB 20, 2024
8 in 10 Americans admit regrets about their financial choices

Survey reveals the most common things that people wish they had done.

By Steve Randall
China economy fears outweigh earnings in early trading
EQUITIES FEB 20, 2024
China economy fears outweigh earnings in early trading

European and Asian markets started Tuesday in decline.

By Bloomberg
Capital One to pay $35B for Discover in 2024's largest deal so far
INDUSTRY NEWS FEB 20, 2024
Capital One to pay $35B for Discover in 2024's largest deal so far

Combined entity will be largest US credit card firm by loan volume.

By Bloomberg
Why are investors souring on Indian equities?
INDUSTRY NEWS FEB 20, 2024
Why are investors souring on Indian equities?

Headwinds pose risk to elevated valuations, sparking profit-taking.

By Bloomberg
Stock market firm to boost parental leave to 26 weeks
INDUSTRY NEWS FEB 20, 2024
Stock market firm to boost parental leave to 26 weeks

It will escalate benefit for US workers and surpass many industry rivals.

By Bloomberg
Social Security fixes include raising retirement age, taxable income cap: Conference Board
RETIREMENT PLANNING FEB 19, 2024
Social Security fixes include raising retirement age, taxable income cap: Conference Board

Report from policy think tank details the program's financial problems and suggests a number of reforms.

By Leo Almazora