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Goldman Sachs partners with Canadian pension plan for private credit opportunity
INDUSTRY NEWS OCT 02, 2023
Goldman Sachs partners with Canadian pension plan for private credit opportunity

The organizations will jointly invest in private credit opportunities in Asia Pacific.

By Steve Randall
Family offices are increasingly professional and that means paying more for top talent
INDUSTRY NEWS OCT 02, 2023
Family offices are increasingly professional and that means paying more for top talent

Morgan Stanley research shows higher compensation for US family office professionals.

By Steve Randall
Traders react as government shutdown is averted
INDUSTRY NEWS OCT 02, 2023
Traders react as government shutdown is averted

Financial markets get reprieve as last-minute deal is reached.

By Bloomberg
Investors brace for severe US office crash
INDUSTRY NEWS OCT 02, 2023
Investors brace for severe US office crash

Commercial real estate is under pressure and may not hit the bottom for months.

By Bloomberg
Fund managers face disrupted flows into EU amid ESG overhaul
INDUSTRY NEWS OCT 02, 2023
Fund managers face disrupted flows into EU amid ESG overhaul

Barclays warns that proposed labeling rules will cause headaches for funds.

By Bloomberg
As SEC delays approving spot bitcoin ETFs, ethereum futures get a nod
ALTERNATIVES SEP 29, 2023
As SEC delays approving spot bitcoin ETFs, ethereum futures get a nod

But advisors who want crypto ETFs are waiting for spot products, observers say.

By Emile Hallez
Morgan Stanley raising pay hurdle for its financial advisors in 2024
PRACTICE MANAGEMENT SEP 29, 2023
Morgan Stanley raising pay hurdle for its financial advisors in 2024

'It's a tug of war. The firms want to keep more revenue, and the financial advisors want to do the same,' an industry recruiter says.

By Bruce Kelly
Wall Street hit with latest wave of fines in SEC WhatsApp probe
FINTECH SEP 29, 2023
Wall Street hit with latest wave of fines in SEC WhatsApp probe

Ten firms, including Baird and Interactive Brokers, agreed to pay penalties totaling $79 million for employees' use of unmonitored communications channels on the job.

By Bloomberg
Annuities are changing the game for advisors
RIAS SEP 29, 2023
Annuities are changing the game for advisors

Experts discuss the advantages of annuities and a handy tool for advisors at a recent webinar.

By Josh Welsh
More than 1 in 10 Gen Xers nearing retirement still burdened by student debt
RETIREMENT PLANNING SEP 29, 2023
More than 1 in 10 Gen Xers nearing retirement still burdened by student debt

Research reveals how burden could be impacting savings targets.

By Steve Randall
Diverse clients need one thing more than anything from financial institutions
PRACTICE MANAGEMENT SEP 29, 2023
Diverse clients need one thing more than anything from financial institutions

But many wealth professionals believe it is not being delivered.

By Steve Randall
Bitcoin ETF review delayed again by SEC
ALTERNATIVES SEP 29, 2023
Bitcoin ETF review delayed again by SEC

The regulator has paused decisions ahead of a government shutdown.

By Bloomberg
30-year Treasury yields above 5% would not shock Bill Ackman
INDUSTRY NEWS SEP 29, 2023
30-year Treasury yields above 5% would not shock Bill Ackman

Pershing Square Capital veteran highlights energy prices and interest rates concern.

By Bloomberg
BlackRock open to more acquisitions, says Larry Fink
INDUSTRY NEWS SEP 29, 2023
BlackRock open to more acquisitions, says Larry Fink

Asset manager's CEO also “not that fearful” about any recession.

By Bloomberg
Evergrande billionaire detained after wealth unit runs dry
INDUSTRY NEWS SEP 29, 2023
Evergrande billionaire detained after wealth unit runs dry

International investors were wiped out 2 years ago and authorities are now investigating unspecified crimes.

By Bloomberg
Royal family you've never heard of builds $300B finance empire
INDUSTRY NEWS SEP 29, 2023
Royal family you've never heard of builds $300B finance empire

Liechtenstein's Prince Hans-Adam II manages assets for world's super-rich.

By Bloomberg
Trump loses appeal of financial fraud case
REGULATION AND LEGISLATION SEP 28, 2023
Trump loses appeal of financial fraud case

The former president could be back in court as soon as this Monday, with Trump Tower at risk.

By Matthew Sellers
Gold IRA Ponzi paid for luxury cars, esports team, CFTC says
RETIREMENT PLANNING SEP 28, 2023
Gold IRA Ponzi paid for luxury cars, esports team, CFTC says

Regal Assets and its owners pilfered $21 million from clients, the CFTC and California DFPI allege.

By Emile Hallez
RBC recruits UBS team overseeing $1B in client assets
WIREHOUSES SEP 28, 2023
RBC recruits UBS team overseeing $1B in client assets

Leawood, Kansas-based Total Wealth Management has seven staffers.

By InvestmentNews
Broker who sold GWG bonds faces deluge of investor complaints
ALTERNATIVES SEP 28, 2023
Broker who sold GWG bonds faces deluge of investor complaints

'I intend to vigorously defend myself against these claims,' broker Tony Barouti states.

By Bruce Kelly