RIA News

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The election isn't critical for sustainable investing, Impax's Farrington says
RIA NEWS AUG 16, 2024
The election isn't critical for sustainable investing, Impax's Farrington says

Technological advancements and consumer demand bode well for clean energy, even as policy is important, he told InvestmentNews.

By Emile Hallez
Bryant Riley offers $7 per share to take embattled firm private
INDEPENDENT BROKER DEALERS AUG 16, 2024
Bryant Riley offers $7 per share to take embattled firm private

"If they do something quickly to stabilize the firm they should be fine," one industry executive said about B. Riley Financial.

By Bruce Kelly
Wall Street widens liquidity channels for wealthy art lovers
RIA NEWS AUG 16, 2024
Wall Street widens liquidity channels for wealthy art lovers

Cooling sales in the rarefied world of art collectibles is creating an opportunity for JPMorgan, Bank of America, and other big names in banking.

By Bloomberg
Are small business owners suffering from cash flow complacency?
RIA NEWS AUG 16, 2024
Are small business owners suffering from cash flow complacency?

A failure to get their financial houses in order could be costing independent business owners dearly, finds a new report.

By Leo Almazora
NewEdge Wealth widens Florida footprint with HNW Merrill Lynch team
RIA NEWS AUG 16, 2024
NewEdge Wealth widens Florida footprint with HNW Merrill Lynch team

The RIA’s latest expansion in is led by two veteran advisors with more than half a century of collective experience.

By Leo Almazora
Stock rally falters as traders weigh "conflicting" economic signals
RIA NEWS AUG 16, 2024
Stock rally falters as traders weigh "conflicting" economic signals

Continued Fed speculation on Wall Street has halted a six-day advance in the S&P 500.

By Bloomberg
Raymond James succession plan rolls on with RJA division shakeup
INDEPENDENT BROKER DEALERS AUG 16, 2024
Raymond James succession plan rolls on with RJA division shakeup

The broker-dealer giant is shuffling the leadership within Raymond James & Associates as part of its broader seismic reorganization.

By Leo Almazora
Where has all the cash gone?
RIA NEWS AUG 16, 2024
Where has all the cash gone?

New Advyzon reports finds cash allocation dipped from 9.5% in 2021 to 4.6% by the end of 2023.

By Josh Welsh
Strong US economy pushes equities towards best week of 2024
RIA NEWS AUG 16, 2024
Strong US economy pushes equities towards best week of 2024

Recession fears are easing amid positive data releases.

By Bloomberg
RIA NEWS AUG 16, 2024
Retail brokerage, wealth management firms to face continued pressure on margins

Fitch says that strong performance remains offset by higher costs.

By Steve Randall
Fincentric merges with former InvestCloud CEO’s firm, plans expansion
RIA NEWS AUG 16, 2024
Fincentric merges with former InvestCloud CEO’s firm, plans expansion

Private equity firm Stellex Capital and Communify acquire firm from S&P Global.

By Steve Randall
Equity funds rebound as investors shrug off August selloff
RIA NEWS AUG 16, 2024
Equity funds rebound as investors shrug off August selloff

BofA note says funds are seeing inflows across asset classes.

By Bloomberg
Dealers are holding highest level of Treasuries than ever before
RIA NEWS AUG 16, 2024
Dealers are holding highest level of Treasuries than ever before

Record holdings by primary dealers last week, says New York Fed.

By Bloomberg
Why have foreign investors escalated Japanese stock trades?
RIA NEWS AUG 16, 2024
Why have foreign investors escalated Japanese stock trades?

BoJ recently went against the grain on interest rates.

By Bloomberg
Creative Planning hangs "Help Wanted" sign for advisors
RIA NEWS AUG 15, 2024
Creative Planning hangs "Help Wanted" sign for advisors

"I think we’re gearing up to really grow very aggressively in the coming 15 months," says CEO Peter Mallouk.

By Bruce Kelly
More advisors adding utilities to juice up client portfolios
RIA NEWS AUG 15, 2024
More advisors adding utilities to juice up client portfolios

Wealth managers are increasingly turning to normally overlooked utility stocks for both yield and growth.

By Gregg Greenberg
New Yorkers' debt woes grow amid slide in real income
RIA NEWS AUG 15, 2024
New Yorkers' debt woes grow amid slide in real income

Inflation is biting harder in the Big Apple, leading to more debt dependence, according to new Federal Reserve research.

By Bloomberg
Summit Trail plants stake in California with $500M advisor
RIA NEWS AUG 15, 2024
Summit Trail plants stake in California with $500M advisor

Another ultra-high-net-worth advisor from BNP Paribas/Bank of the West’s $3B Key Client Group has officially joined the Dynasty Network firm.

By Leo Almazora
SEC fines 26 firms a combined $390M for recordkeeping failures
RIA NEWS AUG 15, 2024
SEC fines 26 firms a combined $390M for recordkeeping failures

Firms that self-reported their violations will pay less than they would have done.

By Steve Randall
NewEdge Capital headed for another record year of growth for assets, advisors
RIA NEWS AUG 15, 2024
NewEdge Capital headed for another record year of growth for assets, advisors

Strong recruitment in the first half of 2024 has built on record 2023.

By Steve Randall