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Equity bulls show highest sentiment in 30 months, says AAII
EQUITIES DEC 22, 2023
Equity bulls show highest sentiment in 30 months, says AAII

Meanwhile, pessimism is unusually low according to investor poll.

By Steve Randall
Markets await US inflation data for rate cut signal
INDUSTRY NEWS DEC 22, 2023
Markets await US inflation data for rate cut signal

Personal consumption expenditure gauge is expected to decrease.

By Bloomberg
Why are large investors returning to bank stocks now?
INDUSTRY NEWS DEC 22, 2023
Why are large investors returning to bank stocks now?

Fidelity, Wilmington among the institutions loading up on financial stocks.

By Bloomberg
Zero-day options not to blame for sell-off, says Cboe
INDUSTRY NEWS DEC 22, 2023
Zero-day options not to blame for sell-off, says Cboe

Exchange says hedging activity more likely to be a stabilizer.

By Bloomberg
Elon Musk slams indexing, regulators in public markets rant
INDUSTRY NEWS DEC 22, 2023
Elon Musk slams indexing, regulators in public markets rant

Speaking to Cathie Wood, the billionaire also criticized shareholders.

By Bloomberg
Insurance industry seeks carve out from Massachusetts ‘junk fees’ proposal
REGULATION AND LEGISLATION DEC 21, 2023
Insurance industry seeks carve out from Massachusetts ‘junk fees’ proposal

Separately, Empower joins industry chorus calls on DOL to withdraw its retirement security proposal.

By Mark Schoeff Jr.
Finra bars ex-Wells Fargo broker previously charged with fraud
ALTERNATIVES DEC 21, 2023
Finra bars ex-Wells Fargo broker previously charged with fraud

Louis Goff and others had been charged with raising $2.1 million from investors in a fraud from 2019 and 2020.

By Bruce Kelly
How private market investments can bolster 60/40 strategy
INDUSTRY NEWS DEC 21, 2023
How private market investments can bolster 60/40 strategy

Half of advisors surveyed in iCapital study say client interest in alts has increased.

By Josh Welsh
Aon buys wealth manager for $13.4B
RETIREMENT PLANNING DEC 21, 2023
Aon buys wealth manager for $13.4B

The deal for NFP will bring together a shared commitment to client excellence, the companies say.

By InvestmentNews
Most Americans are not expecting improved finances in 2024
INDUSTRY NEWS DEC 21, 2023
Most Americans are not expecting improved finances in 2024

A quarter of those surveyed by Bankrate think worse is to come.

By Steve Randall
Kestra PWS attracts $181M breakaway team in Texas
ADVISOR MOVES DEC 21, 2023
Kestra PWS attracts $181M breakaway team in Texas

Flexibility cited as key reason to shift from the wirehouse model.

By Steve Randall
Institutional investors have a positive outlook for the economy, CEOs are not convinced
INDUSTRY NEWS DEC 21, 2023
Institutional investors have a positive outlook for the economy, CEOs are not convinced

Global survey of business leaders and portfolio managers reveals split opinion.

By Steve Randall
Investors should prepare to buy the dip as rally eases
INDUSTRY NEWS DEC 21, 2023
Investors should prepare to buy the dip as rally eases

Strategists see potential of 8.5% gain for S&P 500 by end of 2024.

By Bloomberg
Citigroup to exit distressed debt business
INDUSTRY NEWS DEC 21, 2023
Citigroup to exit distressed debt business

Wall Street firm is undertaking restructuring to revive investor confidence.

By Bloomberg
Major US bank becomes first to have a unionized branch
INDUSTRY NEWS DEC 21, 2023
Major US bank becomes first to have a unionized branch

Workers in Albuquerque vote to join union, Alaska branch could be next.

By Bloomberg
Which stock gained 600% this year to become world's top performer?
INDUSTRY NEWS DEC 21, 2023
Which stock gained 600% this year to become world's top performer?

Bloomberg data reveals how influencers helped spark interest in the firm.

By Bloomberg
Employment stress leads to boost in arbitration cases
REGULATION AND LEGISLATION DEC 20, 2023
Employment stress leads to boost in arbitration cases

'If there are layoffs, arbitration naturally follows,' says George Friedman, editor of the Securities Arbitration Alert.

By Mark Schoeff Jr.
Broker-dealer index stays on pace with S&P 500 this year
BROKER DEALERS DEC 20, 2023
Broker-dealer index stays on pace with S&P 500 this year

'The broker-dealers are the toll collectors of trading volume.'

By Bruce Kelly
Advising armed forces members past and present
RIAS DEC 20, 2023
Advising armed forces members past and present

Andrew King, co-head of Tax Policy & Research for Goldman Sachs Ayco, explains how to help U.S. service members and veterans avoid a battle with federal bureaucracy to get financial benefits.

By Gregg Greenberg
Navigating the waters of IAR continuing education compliance
OPINION DEC 20, 2023
Navigating the waters of IAR continuing education compliance

It's crucial for investment advisors to recognize the consequences of failing to meet their annual continuing education obligations.

By Alex Krenke