RIA News

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Binance accuses CFTC of overreach, wants charges dropped
RIA NEWS JUL 28, 2023
Binance accuses CFTC of overreach, wants charges dropped

World's largest crypto exchange and its founder say the regulator's case is outside its remit and that its case is unsound.

By Bloomberg
Wristy business? Luxury watch market favors the mid-tier
RIA NEWS JUL 28, 2023
Wristy business? Luxury watch market favors the mid-tier

The secondary market for prestige timepieces shows those in the mid-tier of prices are outperforming the higher end.

By Bloomberg
Concerns percolate about how SEC’s AI proposal aligns with Reg BI
RIA NEWS JUL 27, 2023
Concerns percolate about how SEC’s AI proposal aligns with Reg BI

Proposal will be an 'additive regime' that gets layered on, according to lawyer.

By Mark Schoeff Jr.
With market cooking, Ameriprise advisors see boost in revenue
PRACTICE MANAGEMENT JUL 27, 2023
With market cooking, Ameriprise advisors see boost in revenue

Bad markets make clients realize they need their advisors, says industry expert.

By Bruce Kelly
Political uncertainty steering 401(k)s away from ESG
RETIREMENT PLANNING JUL 27, 2023
Political uncertainty steering 401(k)s away from ESG

While about half of plan consultants and advisors recommend sustainability-themed investment options, employers are worried about legislative changes around ESG.

By Emile Hallez
Former CNBC anchor Ron Insana joining Dynasty Financial
PRACTICE MANAGEMENT JUL 27, 2023
Former CNBC anchor Ron Insana joining Dynasty Financial

Insana will work with Dynasty chief investment officer Bob Shea to identify strategic opportunities for investment portfolios.

By Gregg Greenberg
Oppenheimer hires capital-raising veteran to focus on fintech investing
RIA NEWS JUL 27, 2023
Oppenheimer hires capital-raising veteran to focus on fintech investing

The firm has appointed a head of financial technology investment banking to lead investment and financial advisory for the growing industry.

By Steve Randall
Markets consider peak rates, boosting global equities
RIA NEWS JUL 27, 2023
Markets consider peak rates, boosting global equities

The Fed's comments on waiting for the data has given new optimism to investors Thursday.

By Bloomberg
Crypto regulation framework moves forward but will it become law?
RIA NEWS JUL 27, 2023
Crypto regulation framework moves forward but will it become law?

Bill approved by House Finance Committee but may stall further down the legislative process.

By Bloomberg
Greenback weakens and it could get worse after Fed signals
RIA NEWS JUL 27, 2023
Greenback weakens and it could get worse after Fed signals

US dollar bears believe there is further weakening ahead.

By Bloomberg
Raymond James sees record client assets at end of June
INDEPENDENT BROKER DEALERS JUL 26, 2023
Raymond James sees record client assets at end of June

Meanwhile, the firm was keeping mum on 60 financial advisors from one group that left Raymond James last quarter.

By Bruce Kelly
Roth IRAs, 401(k)s for all? Not so fast, advisors say
RETIREMENT PLANNING JUL 26, 2023
Roth IRAs, 401(k)s for all? Not so fast, advisors say

While Ed Slott urged readers to stop contributing to traditional tax-deferred accounts, others take a more nuanced view.

By Emile Hallez
$425 million advisory team jumps to LPL from Merrill
INDEPENDENT BROKER DEALERS JUL 26, 2023
$425 million advisory team jumps to LPL from Merrill

Woman-led firm sets up independent practice in Washington state.

By Matthew Sellers
Merrill Lynch team with $450m leaves for Steward Partners
INDEPENDENT BROKER DEALERS JUL 26, 2023
Merrill Lynch team with $450m leaves for Steward Partners

Advisors Mark Morasky, Erik Clay and Chris Figaro are launching Vantage Point Private Wealth.

By Ryan W. Neal
Biden selects Martin O'Malley for Social Security commissioner
RETIREMENT PLANNING JUL 26, 2023
Biden selects Martin O'Malley for Social Security commissioner

The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.

By Ryan W. Neal
SEC proposal would require brokers, advisors to remediate conflicts related to use of AI
FINTECH JUL 26, 2023
SEC proposal would require brokers, advisors to remediate conflicts related to use of AI

SEC Chair Gary Gensler says investors deserve to be protected but a critic argues proposal shows 'hostility toward technology.'

By Mark Schoeff Jr.
Advisors roll with the Fed's well-telegraphed monetary policy move
RIA NEWS JUL 26, 2023
Advisors roll with the Fed's well-telegraphed monetary policy move

The June pause in the rate-hike cycle has introduced the possibility of another pause in September, but most advisors see rates higher for longer.

By Jeff Benjamin
Gold investors watch and wait through yellow metal's 'summer lull'
ALTERNATIVES JUL 26, 2023
Gold investors watch and wait through yellow metal's 'summer lull'

Gold has been hovering around $2,000 an ounce since the start of 2023, failing to break out in the face of repeated Fed rate hikes.

By Gregg Greenberg
Federal Reserve reveals latest interest-rate decision
RIA NEWS JUL 26, 2023
Federal Reserve reveals latest interest-rate decision

Will central bank pause again or hike to combat stubborn inflation?

By InvestmentNews
Finra fines LPL $3M for failing to detect wire transfers that harmed clients
INDEPENDENT BROKER DEALERS JUL 26, 2023
Finra fines LPL $3M for failing to detect wire transfers that harmed clients

One broker used client funds to pay expenses, while another used client cash to buy real estate.

By Bruce Kelly