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David Kowach's &Partners starts hiring advisors
PRACTICE MANAGEMENT OCT 05, 2023
David Kowach's &Partners starts hiring advisors

The new firm picks up advisors from Edward Jones and Wells Fargo.

By Bruce Kelly
LPL adds California team managing $150 million
BROKER DEALERS OCT 05, 2023
LPL adds California team managing $150 million

The Sacramento-based firm, Bradford Capital Group, was previously affiliated with Securities America.

By InvestmentNews
UBS nabs two teams from Bernstein Private Wealth
WIREHOUSES OCT 05, 2023
UBS nabs two teams from Bernstein Private Wealth

The teams, both in Philadelphia, collectively manage $1.7 billion in assets.

By InvestmentNews
Former $200M UBS team joins Snowden Lane Partners
ADVISOR MOVES OCT 05, 2023
Former $200M UBS team joins Snowden Lane Partners

The hybrid firm has added $4B in client assets in the past two years.

By Steve Randall
Dollar loses ahead of payroll data, but strategists see gains ahead
INDUSTRY NEWS OCT 05, 2023
Dollar loses ahead of payroll data, but strategists see gains ahead

Greenback weaker than most of its peers in early trading Thursday.

By Bloomberg
US IPOs buoyed by world's largest sovereign wealth fund
INDUSTRY NEWS OCT 05, 2023
US IPOs buoyed by world's largest sovereign wealth fund

The IPO market has seen a recent resurgence after poor run.

By Bloomberg
Citi believes China's economy has bottomed out and has boosted forecast
INDUSTRY NEWS OCT 05, 2023
Citi believes China's economy has bottomed out and has boosted forecast

Its analysts now expect growth of 5% for the world's second largest ecomomy.

By Bloomberg
Goldman says India equities are 'expensive' and advises caution
INDUSTRY NEWS OCT 05, 2023
Goldman says India equities are 'expensive' and advises caution

The country's elections are next year and valuations are elevated.

By Bloomberg
Courting wealthy individuals isn't all good news for communities
INDUSTRY NEWS OCT 05, 2023
Courting wealthy individuals isn't all good news for communities

Milan has discovered a key downside to being a mecca for the rich.

By Bloomberg
Employers racing to offload pensions to insurers
RETIREMENT PLANNING OCT 04, 2023
Employers racing to offload pensions to insurers

The trend is a boon for the insurance business, but there are questions about protections for retirees and workers.

By Emile Hallez
Cetera to offer Avantax advisors slim bonuses to none at all
BROKER DEALERS OCT 04, 2023
Cetera to offer Avantax advisors slim bonuses to none at all

Meanwhile, Cetera's owner Genstar is reinvesting in the firm.

By Bruce Kelly
House turmoil not likely to quiet GOP critics of SEC rule proposals        
REGULATION AND LEGISLATION OCT 04, 2023
House turmoil not likely to quiet GOP critics of SEC rule proposals        

'This is a transition of leadership,' says a former Democratic Senate staffer. 'It's business as usual with respect to oversight of the SEC.'

By Mark Schoeff Jr.
Target-date funds: Low fee doesn't equal low risk
OPINION OCT 04, 2023
Target-date funds: Low fee doesn't equal low risk

Three reasons why passive TDFs aren’t automatically the safer choice for DC plan fiduciaries

By Emily Cao
Parent of Sigma Financial rebrands as Axtella
RIAS OCT 04, 2023
Parent of Sigma Financial rebrands as Axtella

The company formerly known as SPS Family also owns Parkland Securities and RIA Sigma Planning.

By InvestmentNews
Hightower announces layoffs after summer of deals
RIAS OCT 04, 2023
Hightower announces layoffs after summer of deals

The cutbacks affecting roughly 5% of its employees are aimed at ensuring the long-term success of its business, Hightower says.

By Gregg Greenberg
Independent alpha: Making the breakaway math add up
OPINION OCT 04, 2023
Independent alpha: Making the breakaway math add up

Advisors who make the move to independence are forgoing massive recruitment bonuses. How can they justify this leap?

By Louis Diamond
Veritable, Empower advisors join Savvy Advisors as principal wealth managers
ADVISOR MOVES OCT 04, 2023
Veritable, Empower advisors join Savvy Advisors as principal wealth managers

The duo have partnered with the digital-first platform in the Philadelphia area.

By Steve Randall
Millions of Americans face a retirement income shortfall, Vanguard research warns
RETIREMENT PLANNING OCT 04, 2023
Millions of Americans face a retirement income shortfall, Vanguard research warns

The gap between need and ability is highlighted in inaugural report.

By Steve Randall
SEC's 'cryptos are securities' court appeal denied
ALTERNATIVES OCT 04, 2023
SEC's 'cryptos are securities' court appeal denied

Regulator cannot challenge federal court judge’s ruling on Ripple Labs’ digital currency.

By Bloomberg
How to go from ethics awardee to $300K insider trading claims
REGULATION AND LEGISLATION OCT 04, 2023
How to go from ethics awardee to $300K insider trading claims

Goldman Sachs trader denies sharing tips with friends and family.

By Bloomberg