RIA News

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Citi pays Andy Sieg $11.3M for first 3 months as wealth head
INDEPENDENT BROKER DEALERS MAR 20, 2024
Citi pays Andy Sieg $11.3M for first 3 months as wealth head

The size of award underscores Citi's desire to overhaul its struggling wealth division.

By Bloomberg
US equity investors increase risk appetite: S&P Global
RIA NEWS MAR 20, 2024
US equity investors increase risk appetite: S&P Global

S&P Global report shows expectations for returns have declined.

By Steve Randall
Bank customers are concerned about overregulation: ABA report
REGULATION, LEGAL & COMPLIANCE MAR 20, 2024
Bank customers are concerned about overregulation: ABA report

A banking industry survey reveals a high satisfaction with financial institutions.

By Steve Randall
Luxury stocks decline, market awaits Fed rates decision
RIA NEWS MAR 20, 2024
Luxury stocks decline, market awaits Fed rates decision

The latest Federal Open Market Committee decision on rates is due at 2 p.m. in Washington.

By Bloomberg
How much can you make working for a crypto firm?
RIA NEWS MAR 20, 2024
How much can you make working for a crypto firm?

US is most generous with six-figure compensation packages.

By Bloomberg
Why pre-retirees with a plan are better off in retirement
RETIREMENT PLANNING MAR 19, 2024
Why pre-retirees with a plan are better off in retirement

T. Rowe Price report reinforces benefits of formal financial planning on retirement wealth, confidence, and more for 401(k) participants.

By Leo Almazora
Flourish tightens ties with Focus under new tech partnership
FINTECH MAR 19, 2024
Flourish tightens ties with Focus under new tech partnership

Deal expanding access to tech solution comes as the independent wealth network eyes a new chapter of growth.

By Leo Almazora
Raymond James taps Paul Reilly's successor
INDEPENDENT BROKER DEALERS MAR 19, 2024
Raymond James taps Paul Reilly's successor

Company announces only the fourth chief executive in its history.

By Bruce Kelly
B-D network Wentworth closes deal to go public
INDEPENDENT BROKER DEALERS MAR 19, 2024
B-D network Wentworth closes deal to go public

Using the company's stock creates opportunities for financing deals, CEO says

By Bruce Kelly
With $67T in liquid assets, US stays on top of the world
RIA NEWS MAR 19, 2024
With $67T in liquid assets, US stays on top of the world

Report details top cities for centimillionaires and billionaires, including wealth hot spots to watch and real estate leaders.

By Leo Almazora
Getting a family to the table to discuss giving is tougher than it sounds
RIA NEWS MAR 19, 2024
Getting a family to the table to discuss giving is tougher than it sounds

'It's really that transparent conversation that's the key to making sure that we utilize these different strategies that are in place,' an advisor says.

By Gregg Greenberg
Investors bullish despite election uncertainty: CFP Board
RIA NEWS MAR 19, 2024
Investors bullish despite election uncertainty: CFP Board

A CFP Board survey found six out of seven advisors say their clients are optimistic.

By Leo Almazora
Infrastructure investment is primed for growth, with private investors essential
RIA NEWS MAR 19, 2024
Infrastructure investment is primed for growth, with private investors essential

Last year was challenging for the asset class but the trajectory remains positive.

By Steve Randall
Investors are in a risk-on mood: BofA
RIA NEWS MAR 19, 2024
Investors are in a risk-on mood: BofA

A survey of fund manages shows rising preference for Europe, emerging markets stocks.

By Bloomberg
Multifamily office Caprock strikes first deal for $2.2B boutique firm
RIA NEWS MAR 19, 2024
Multifamily office Caprock strikes first deal for $2.2B boutique firm

The Idaho-headquartered firm tops the $11B AUA mark as it scoops up an independent wealth firm based in Chicago.

By Leo Almazora
Barings blasts asset manager Corinthia over ‘corporate raid’
ALTERNATIVES MAR 18, 2024
Barings blasts asset manager Corinthia over ‘corporate raid’

The MassMutual subsidiary filed legal action as an aggressive recruitment strategy threatens its status in the private credit space.

By Leo Almazora
RIA industry is slow to ‘capture more clients,’ EP Wealth CEO says
PRACTICE MANAGEMENT MAR 18, 2024
RIA industry is slow to ‘capture more clients,’ EP Wealth CEO says

Ryan Parker, who formerly headed Edelman Financial Engines, suggests RIAs should band together to create marketing strategies.

By Josh Welsh
Has UBS missed the US wealth management M&A boom?
INDEPENDENT BROKER DEALERS MAR 18, 2024
Has UBS missed the US wealth management M&A boom?

Recent history shows that wealth management deals by giant banks like UBS can produce mixed results.

By Bruce Kelly
Rising oil has advisors adjusting energy allocations
RIA NEWS MAR 18, 2024
Rising oil has advisors adjusting energy allocations

Portfolio manager recommends 70/30 split between traditional and alternative energy over next few decades.

By Gregg Greenberg
Would US investors trust sustainability more if the data were better?
RIA NEWS MAR 18, 2024
Would US investors trust sustainability more if the data were better?

Deloitte study reveals challenge for public companies.

By Steve Randall