RIA News

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Fed expected to pause again, key global data ahead
RIA NEWS OCT 30, 2023
Fed expected to pause again, key global data ahead

The central bank's FOMC committee is meeting from Tuesday.

By Bloomberg
Jamie Dimon to sell $141M JPMorgan shares
RIA NEWS OCT 30, 2023
Jamie Dimon to sell $141M JPMorgan shares

The disposal is for diversification and tax-planning purposes.

By Bloomberg
It’s time to short European bank stocks, say Wall Street strategists
RIA NEWS OCT 30, 2023
It’s time to short European bank stocks, say Wall Street strategists

The sector has been performing well but this could be about to change.

By Bloomberg
What will AI do to quants? Here's what $23T investors think
RIA NEWS OCT 30, 2023
What will AI do to quants? Here's what $23T investors think

Invesco survey considers the pros and cons of emerging technology.

By Bloomberg
LPL's Arnold eyes 'opportunity' created by Schwab integration of TD
INDEPENDENT BROKER DEALERS OCT 27, 2023
LPL's Arnold eyes 'opportunity' created by Schwab integration of TD

LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.

By Bruce Kelly
Deutsche Bank exec warns of growing climate risk
RIA NEWS OCT 27, 2023
Deutsche Bank exec warns of growing climate risk

Physical effects of climate change could occur suddenly, and conventional portfolio models often fall short on this issue, CIO says.

By Bloomberg
Fiduciary Trust expands its $94B firm to ‘Wall Street South’
RIA NEWS OCT 27, 2023
Fiduciary Trust expands its $94B firm to ‘Wall Street South’

The Franklin Templeton subsidiary says the South Florida market is an important one.

By Steve Randall
Baird adds $160M team to its Dallas wealth management office
RIA NEWS OCT 27, 2023
Baird adds $160M team to its Dallas wealth management office

Team of three join the firm’s network of more than 1,300 advisors.

By Steve Randall
With yields above 5%, is it safe to buy bonds again?
RIA NEWS OCT 27, 2023
With yields above 5%, is it safe to buy bonds again?

Despite potential of more pain to come, investors may decide the time is right.

By Bloomberg
‘10 Surprises’ strategist Byron Wien dies at 90
RIA NEWS OCT 27, 2023
‘10 Surprises’ strategist Byron Wien dies at 90

The influential Wall Street legend was most recently with Blackstone.

By Bloomberg
Most Americans have sidelined their emergency savings this year, Bankrate says
RIA NEWS OCT 27, 2023
Most Americans have sidelined their emergency savings this year, Bankrate says

Many people have dipped into their rainy day fund due to the cost of living.

By Steve Randall
‘Impact investing goes deeper than trendy ESG funds’  
PRACTICE MANAGEMENT OCT 26, 2023
‘Impact investing goes deeper than trendy ESG funds’  

Michael Reynolds, whose Indiana-based RIA specializes in ESG investing, explains how he navigates greenwashing and what advisors can do to market themselves more effectively.

By InvestmentNews
Ameriprise sees impressive growth in third quarter
INDEPENDENT BROKER DEALERS OCT 26, 2023
Ameriprise sees impressive growth in third quarter

Client assets are up 15%, while cash sweep and certificate balances are down $5.8 billion from the year-ago period.

By Josh Welsh
SMAs outpace mutual funds for wealthier clients, report shows
RIA NEWS OCT 26, 2023
SMAs outpace mutual funds for wealthier clients, report shows

Interest in separately managed accounts goes along with greater use of taxable accounts, according to Hearts & Wallets.

By Emile Hallez
Collapsed crypto exchange founder in court Thursday
RIA NEWS OCT 26, 2023
Collapsed crypto exchange founder in court Thursday

Bankman-Fried to take the stand in courtroom climax.

By Bloomberg
Medical care costs adds to pain for working-age Americans
RIA NEWS OCT 26, 2023
Medical care costs adds to pain for working-age Americans

More than half found paying for healthcare difficult in 2023.

By Bloomberg
Why bitcoin ETF approval could spark profit taking
RIA NEWS OCT 26, 2023
Why bitcoin ETF approval could spark profit taking

While the markets await an SEC green light, the crypto is gaining for now.

By Bloomberg
JPMorgan appoints new M&A leaders for PE-focused unit
RIA NEWS OCT 26, 2023
JPMorgan appoints new M&A leaders for PE-focused unit

The duo will lead the bank's strategic investor group.

By Bloomberg
New carbon rules may wipe out investor value, warns $220B firm
RIA NEWS OCT 26, 2023
New carbon rules may wipe out investor value, warns $220B firm

Enhanced carbon offset reporting may decimate value of some projects.

By Bloomberg
More tech coming for Schwab advisors
FINTECH OCT 25, 2023
More tech coming for Schwab advisors

The process of moving TD RIAs onto Schwab's platform was 'imperfect,' says CEO Walt Bettinger.

By Bruce Kelly