RIA News

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What the dollar's decline means for other currencies
RIAS RIA NEWS MAY 05, 2025
What the dollar's decline means for other currencies

Asian FX markets have seen wild swings in recent days.

By Bloomberg
Warren Buffett stuns investors with retirement from $1T Berkshire Hathaway
RIAS RIA NEWS MAY 04, 2025
Warren Buffett stuns investors with retirement from $1T Berkshire Hathaway

Veteran investor to step down aged 94, as earnings disappoint

By Steve Randall
Q1 annuity sales top $105B amid persistent economic worries: Limra
ADVISOR NEWS RETIREMENT PLANNING MAY 02, 2025
Q1 annuity sales top $105B amid persistent economic worries: Limra

Limra data show RILAs and variable annuities outperforming, while fixed-rate deferred sales lag their 2024 highs.

By Leo Almazora
Stocks continue historic winning streak as trade hopes, jobs data drive rebound
INVESTING EQUITIES MAY 02, 2025
Stocks continue historic winning streak as trade hopes, jobs data drive rebound

The S&P 500's longest rally in more than 20 years came amid evidence of labor market resilience in the immediate wake of April's Liberation Day tariffs.

By Bloomberg
Americans' longevity illiteracy puts retirement at risk, finds new research
ADVISOR NEWS RETIREMENT PLANNING MAY 02, 2025
Americans' longevity illiteracy puts retirement at risk, finds new research

With membership in the "century club" expected to quadruple in three decades, joint studies from Nationwide and the TIAA Institute shed new light on people's planning blind spots.

By Leo Almazora
Tariff reactions split along political lines, advisors say
RIAS RIA NEWS MAY 02, 2025
Tariff reactions split along political lines, advisors say

The Watchman Group's Andrew Herzog has noticed his more left-leaning clients have been "looking to get out of the stock market, perhaps do more fixed income or go to cash" while his right-leaning clients are more comfortable keeping assets as they have them.

By Andrew Cohen
RIA deal watch: Lido lands $720M Arizona-based RIA while CWA scores $1.4B double
RIAS RIA NEWS MAY 02, 2025
RIA deal watch: Lido lands $720M Arizona-based RIA while CWA scores $1.4B double

CW Advisors' latest acquisitions extend its Eastern US presence with new locations in Virginia and Pennsylvania.

By Leo Almazora
Advisor moves: LPL nabs G2 Raymond James advisor, Raymond James makes East Coast additions
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAY 02, 2025
Advisor moves: LPL nabs G2 Raymond James advisor, Raymond James makes East Coast additions

Also, Merill Lynch scores a billion-dollar recruitment win in New York with a sports-focused advisor defecting from UBS.

By Leo Almazora
Trump says Harvard is losing its tax-exempt status
RIAS RIA NEWS MAY 02, 2025
Trump says Harvard is losing its tax-exempt status

The declaration – for which the university said "there is no legal basis" – represents the latest escalation in the president's ongoing attack against the Ivy League institution.

By Bloomberg
U.S. adds 177,000 jobs in April, defying economic headwinds and federal cutbacks
RIAS RIA NEWS MAY 02, 2025
U.S. adds 177,000 jobs in April, defying economic headwinds and federal cutbacks

Treasury yields rise as employment figures ignore market mayhem.

By Matthew Sellers
Raymond James gives its indie advisors a helping hand in recruitment
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAY 02, 2025
Raymond James gives its indie advisors a helping hand in recruitment

The new in-house talent sourcing service at Raymond James Financial Services seeks to help independent advisors fill gaps in various roles, ranging from associates to entry-level advisors.

By Leo Almazora
Mariner, Savant announce acquisitions worth almost $1.5B
RIAS RIA NEWS MAY 02, 2025
Mariner, Savant announce acquisitions worth almost $1.5B

Firms expand geographic footprint, capabilities in latest M&A activity

By Steve Randall
US ETF flows slowed to lowest in a year as trade policy spooked investors
INVESTING ETFS MAY 02, 2025
US ETF flows slowed to lowest in a year as trade policy spooked investors

Financials posted the second largest sectoral outflows

By Steve Randall
Stock rally gains momentum as payrolls data awaited
RIAS RIA NEWS MAY 02, 2025
Stock rally gains momentum as payrolls data awaited

US futures all indicate a higher open for Friday's session.

By Bloomberg
Apple plans to source billions of US chips
RIAS RIA NEWS MAY 02, 2025
Apple plans to source billions of US chips

Magnificent & firm is pivoting reliance in its supply chain away from China.

By Bloomberg
Food prices at two year high amid tariff uncertainty
RIAS RIA NEWS MAY 02, 2025
Food prices at two year high amid tariff uncertainty

Global raw commodity prices could be inflationary for grocery bills.

By Bloomberg
EM stocks have come roaring back stronger
RIAS RIA NEWS MAY 02, 2025
EM stocks have come roaring back stronger

Despite the tariff shock, some equities are performing better than before.

By Bloomberg
Summit Wealth exits Commonwealth prior to LPL buyout to become RIA
RIAS RIA NEWS MAY 01, 2025
Summit Wealth exits Commonwealth prior to LPL buyout to become RIA

As Commonwealth advisors weigh their futures following the firm's sale, Summit Wealth Group is charting its own course as an independent RIA with $2.1 billion in assets, moving to SEI's custodian platform.

By Andrew Cohen
UBS, as expected, losing financial advisors in the US; headcount drops 3.2% YoY
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAY 01, 2025
UBS, as expected, losing financial advisors in the US; headcount drops 3.2% YoY

Toward the end of last year, UBS said it was redrawing its pay plan for advisors, but "every time one of the big firms like UBS tinkers with the advisors' compensation, some of them say, that's it, that’s the last straw," recruiter Danny Sarch said.

By Bruce Kelly
Investment performance takes a back seat to the human touch
RIAS RIA NEWS MAY 01, 2025
Investment performance takes a back seat to the human touch

Clients care less about returns than you might think.

By Jonalyn Cueto