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Citi sees 10% rally for global stocks
INDUSTRY NEWS JAN 10, 2025
Citi sees 10% rally for global stocks

Strategists anticipate corporate earnings growth ahead.

Canada plans retaliation against Trump tariffs
INDUSTRY NEWS JAN 10, 2025
Canada plans retaliation against Trump tariffs

Government drafting extensive list of US products that will be impacted.

Bison Wealth takes 'next natural step' to form $3B firm
RIAS JAN 09, 2025
Bison Wealth takes 'next natural step' to form $3B firm

Merger of two operating companies positions the Atlanta-based RIA for its next phase of continued rapid growth.

BlackRock exits net-zero alliance following Wall Street exodus
ESG JAN 09, 2025
BlackRock exits net-zero alliance following Wall Street exodus

The investment titan overseeing $11 trillion in assets decided to leave the climate coalition amid mounting pressure from Republican politicians.

UBS reportedly close to settling Credit Suisse tax charges with Justice Department
WIREHOUSES JAN 09, 2025
UBS reportedly close to settling Credit Suisse tax charges with Justice Department

The banking giant is set to pay at least a nine-figure sum over collapsed lender's failure to cooperate with efforts to catch tax-evading clients, according to the Wall Street Journal.

Blackstone’s latest fund rakes in cash, sells more than $1B
EQUITIES JAN 09, 2025
Blackstone’s latest fund rakes in cash, sells more than $1B

It’s the second straight year that Blackstone has launched a new fund in the alternative investment space and had a hit right off the bat.

Cerity Partners gets boost in Boston with Prio Wealth merger
RIAS JAN 09, 2025
Cerity Partners gets boost in Boston with Prio Wealth merger

The independent wealth giant's latest move in New England gives it an additional $4.1 billion in assets along with a "highly credentialed and experienced team."

Over half of advisors warming up to crypto after Trump's election win, finds survey
ALTERNATIVES JAN 09, 2025
Over half of advisors warming up to crypto after Trump's election win, finds survey

With nearly all poll participants fielding questions from curious clients, the percentage of advisors investing in the asset class has doubled from 2023.

Wealth managers reject bearish arguments as S&P goes for 'three-peat'
RIAS JAN 09, 2025
Wealth managers reject bearish arguments as S&P goes for 'three-peat'

Wall Street may not be expecting an S&P 500 "three-peat" victory in 2025, but that does not mean they are not bullish.

Mariner adds $292B with mega-deal for Cardinal Investment Advisors
RIAS JAN 09, 2025
Mariner adds $292B with mega-deal for Cardinal Investment Advisors

The private-equity backed wealth giant is adding two new locations in the Midwest, as well as considerable capabilities for its institutional business.

What fiduciary advisors can learn from Jimmy Carter
OPINION JAN 09, 2025
What fiduciary advisors can learn from Jimmy Carter

The experience of the 39th president, beloved long beyond his term in the Oval Office, sets a high standard of trust for advisors to live up to.

Obscure inflation metric gives Fed fresh reason for confidence
INDUSTRY NEWS JAN 09, 2025
Obscure inflation metric gives Fed fresh reason for confidence

The price measure, whose methodology differs from the central bank's preferred inflation gauge, offers a different picture of recent months.

Coldstream welcomes Seattle firms on continued Pacific Northwest push
RIAS JAN 09, 2025
Coldstream welcomes Seattle firms on continued Pacific Northwest push

The latest additions, a CPA practice and its sister RIA, boosts Coldstream's to $11.1 billion in advised assets while bolstering its tax capabilities.

Savvy Advisors crosses $1B milestone to close 2024
RIAS JAN 09, 2025
Savvy Advisors crosses $1B milestone to close 2024

Founder and CEO hails industry-beating growth record, sealed by final four advisor additions, as proof of tech-empowered RIA's "belief in the value of human financial advice."

Edward Jones to pay $17M to settle mutual fund fee overcharging probe
INDUSTRY NEWS JAN 09, 2025
Edward Jones to pay $17M to settle mutual fund fee overcharging probe

It follows a four year investigation by state regulators.

Why some wealthy Americans are looking for new citizenship as Trump 2.0 nears
INDUSTRY NEWS JAN 09, 2025
Why some wealthy Americans are looking for new citizenship as Trump 2.0 nears

Concerns around stability have made second citizenships more attractive.

Treasuries sell-off ends; equities market closed in honor of Carter
INDUSTRY NEWS JAN 09, 2025
Treasuries sell-off ends; equities market closed in honor of Carter

Bonds market will also have a shorter trading day Thursday.

LA fires could cost $57B, ranking among worst natural disasters
INDUSTRY NEWS JAN 09, 2025
LA fires could cost $57B, ranking among worst natural disasters

Preliminary estimate is some way short of the Hurricane Katrina total.

AI could take 200,000 Wall Street jobs
INDUSTRY NEWS JAN 09, 2025
AI could take 200,000 Wall Street jobs

Survey reveals expectation of 3% cut in workforce over 3-5 years.

Hamilton Lane is latest firm to eye Dubai wealth market
INDUSTRY NEWS JAN 09, 2025
Hamilton Lane is latest firm to eye Dubai wealth market

Pennsylvania firm has secured a licence from the Middle East country.