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BlackRock introduces its bitcoin ETF into model portfolios
ALTERNATIVES FEB 28, 2025
BlackRock introduces its bitcoin ETF into model portfolios

The addition sounds risky at a time of cratering bitcoin prices, but the asset management titan says advisor demand is strong.

By Bloomberg
The Fed's 'preferred' measure of inflation is core PCE. Do advisors favor it as well?
RIAS FEB 28, 2025
The Fed's 'preferred' measure of inflation is core PCE. Do advisors favor it as well?

The Fed is well known to view core PCE as its inflation indicator of choice. However, wealth managers have their own preferences.

By Gregg Greenberg
Certifications give advisors a clear economic edge, IWI says
PRACTICE MANAGEMENT FEB 28, 2025
Certifications give advisors a clear economic edge, IWI says

The institute's new research indicates advisors who've earned CIMA, CPWA, and RMA designations outclass their non-credentialed rivals.

By Leo Almazora
How to differentiate to attract high-net-worth clients
OPINION FEB 28, 2025
How to differentiate to attract high-net-worth clients

Advisors working at the highest wealth levels do three things differently to show their value and stand out.

By Theresa Bursey
A crypto-friendlier SEC says meme coins aren't securities
ALTERNATIVES FEB 28, 2025
A crypto-friendlier SEC says meme coins aren't securities

So-called meme coins, including those launched by the president and first lady, fail the SEC's Howey Test, the agency said.

By Emile Hallez
Principal Asset Management names Brant Wong head of retirement solutions
RETIREMENT PLANNING FEB 28, 2025
Principal Asset Management names Brant Wong head of retirement solutions

The veteran with almost 30 years of experience, mostly at JPMorgan Asset Management, will oversee a business managing nearly $320 billion in assets.

By Leo Almazora
Wells Fargo ditches net zero targets vilified by Trump administration
ESG FEB 28, 2025
Wells Fargo ditches net zero targets vilified by Trump administration

The Wall Street giant's decision to discontinue its climate pledges come amid a broader recalibration by some of the world's biggest banks.

By Bloomberg
Federal downsizing wave continues with 'significant' job cuts at Social Security Administration
RETIREMENT PLANNING FEB 28, 2025
Federal downsizing wave continues with 'significant' job cuts at Social Security Administration

Report of a Thursday memo announcing 30,000 layoffs adds to uncertainty for retirees relying on benefits.

By Leo Almazora
State Street stole a lead on rivals with new ETF, but SEC is concerned
ALTERNATIVES FEB 28, 2025
State Street stole a lead on rivals with new ETF, but SEC is concerned

The new fund has debuted on the NYSE and differs from existing options.

By Steve Randall
Which Wall Street bank accidentally sent $81 TRILLION to a customer's account?
INDUSTRY NEWS FEB 28, 2025
Which Wall Street bank accidentally sent $81 TRILLION to a customer's account?

And it wasn't the only time a 'near miss' happened, report says.

By Steve Randall
Trump rally reversal may need policymakers' intervention, says BofA
INDUSTRY NEWS FEB 28, 2025
Trump rally reversal may need policymakers' intervention, says BofA

With tariff concerns weighing on the S&P 500, action may be required.

By Bloomberg
Are we facing a bitcoin panic as currency drops 27% in six weeks?
INDUSTRY NEWS FEB 28, 2025
Are we facing a bitcoin panic as currency drops 27% in six weeks?

Crypto rout deepens as investors head for safer assets.

By Bloomberg
Tesla tumbles further and there could be worse to come
INDUSTRY NEWS FEB 28, 2025
Tesla tumbles further and there could be worse to come

Investors are unimpressed with sales, profit in the firm's core auto business.

By Bloomberg
Health plan consumers don't understand what they are buying, report warns
INDUSTRY NEWS FEB 28, 2025
Health plan consumers don't understand what they are buying, report warns

Half of health insurance enrollees spent less than one hour choosing their plan.

By Steve Randall
Ranks of 401(k) millionaires surged on workers' savings stamina, Fidelity says
RETIREMENT PLANNING FEB 27, 2025
Ranks of 401(k) millionaires surged on workers' savings stamina, Fidelity says

New data show a 27 percent jump in $1 million-and-up accounts last year, with the average millionaire making contributions for more than two decades.

By Leo Almazora
CFPB dropping Capital One lawsuit alleging it cost customers $2B in lost interest
REGULATION AND LEGISLATION FEB 27, 2025
CFPB dropping Capital One lawsuit alleging it cost customers $2B in lost interest

The consumer protection watchdog had previously launched a legal action accusing the bank of misleading customers on the interest rates it offers on savings accounts.

By Leo Almazora
Tariffs' shadow hangs over earnings season with concerns topping 2018
INDUSTRY NEWS FEB 27, 2025
Tariffs' shadow hangs over earnings season with concerns topping 2018

Analysis finds mentions of tariffs at earnings calls exceeded levels seen in President Trump's first term, adding to consumer worries of higher inflation.

By Bloomberg
Another CEO change, suddenly, at Realta Equities, formerly Coastal
RIAS FEB 27, 2025
Another CEO change, suddenly, at Realta Equities, formerly Coastal

It’s an unannounced leadership shift at a broker-dealer working to rebrand.

By Bruce Kelly
Nvidia earnings no longer mesmerize, but the AI chipmaker remains an advisor bellwether
RIAS FEB 27, 2025
Nvidia earnings no longer mesmerize, but the AI chipmaker remains an advisor bellwether

The company's fourth-quarter results beat analyst estimates, yet its market leadership is increasingly in question.

By Gregg Greenberg
$1.8B TritonPoint Wealth launches new firm to support independent advisors
RIAS FEB 27, 2025
$1.8B TritonPoint Wealth launches new firm to support independent advisors

The RIA's new sister firm wants to help advisors "take control of their future" with a transparent ownership model and multi-custodial platform including Raymond James, Schwab, and Fidelity.

By Leo Almazora