RIA News

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Banks’ green fees overtake fossil-fuel fees for second year
RIA NEWS OCT 19, 2023
Banks’ green fees overtake fossil-fuel fees for second year

Banks have generated about $2.5 billion from climate-focused financing so far this year, compared with $2.2 billion from their work with oil, gas and coal companies.

By Bloomberg
Search underway for the best financial advisors
RIA NEWS OCT 19, 2023
Search underway for the best financial advisors

InvestmentNews is calling for entries for the inaugural Top Advisor showcase

By InvestmentNews
Global alternatives market set to reach $24.5T, private credit AUM to double
ALTERNATIVES OCT 19, 2023
Global alternatives market set to reach $24.5T, private credit AUM to double

Analysts forecast an $8 trillion surge in the next five years.

By Steve Randall
New leaders for wealth management and UHNW at $7B multi-family office
RIA NEWS OCT 19, 2023
New leaders for wealth management and UHNW at $7B multi-family office

Long-serving employees promoted at 100-year-old investment firm.

By Steve Randall
OpenAI may sell shares at $86B valuation
RIA NEWS OCT 19, 2023
OpenAI may sell shares at $86B valuation

Talks are said to be underway. Sale would catapult the firm’s status.

By Bloomberg
Options traders brace for turbulent yen trading
RIA NEWS OCT 19, 2023
Options traders brace for turbulent yen trading

Speculation growing of intervention to support weakening currency.

By Bloomberg
Fortress raises second litigation financing fund
RIA NEWS OCT 19, 2023
Fortress raises second litigation financing fund

New York firm has already deployed $6B into the investment strategy.

By Bloomberg
Dan Wiener steps back from the $15B RIA he co-founded
PRACTICE MANAGEMENT OCT 18, 2023
Dan Wiener steps back from the $15B RIA he co-founded

A focus on Vanguard led to a long-running independent newsletter and then a successful RIA.

By Emile Hallez
Beacon Pointe adds $2 billion team from UBS
WIREHOUSES OCT 18, 2023
Beacon Pointe adds $2 billion team from UBS

Russell Crow and William Diehl head the Dallas-based group.

By InvestmentNews
Horse racing principles guide $265M team to independence with LPL
RIA NEWS OCT 18, 2023
Horse racing principles guide $265M team to independence with LPL

The independent firm operates in Pennsylvania and New Hampshire.

By Steve Randall
North Carolina advisor takes $140M practice to Raymond James
RIA NEWS OCT 18, 2023
North Carolina advisor takes $140M practice to Raymond James

The advisor joins the firm's independent channel from Edward Jones.

By Steve Randall
Citadel, ASA sue SEC over trading data changes
RIA NEWS OCT 18, 2023
Citadel, ASA sue SEC over trading data changes

The firm and trade association petitioned the court regarding the Consolidated Audit Trail.

By Bloomberg
Stock market rally at risk from geopolitics, says Goldman Sachs
RIA NEWS OCT 18, 2023
Stock market rally at risk from geopolitics, says Goldman Sachs

Strategists warn that further escalation could derail growth.

By Bloomberg
Gold at four-week high as investors seek havens
RIA NEWS OCT 18, 2023
Gold at four-week high as investors seek havens

Middle East conflict is intensifying demand for safer investments.

By Bloomberg
Health insurance premiums have spiked to $24K
RIA NEWS OCT 18, 2023
Health insurance premiums have spiked to $24K

Survey reveals 7% jump in costs for US families compared to just 1% last year.

By Bloomberg
UBS joins Chinese lenders drawn into $2B money laundering probe
RIA NEWS OCT 18, 2023
UBS joins Chinese lenders drawn into $2B money laundering probe

Alleged gambling ring arrests have sparked police investigation into where the profits were stored.

By Bloomberg
Bank of America sees decline in income for wealth group
WIREHOUSES OCT 17, 2023
Bank of America sees decline in income for wealth group

CEO Brian Moynihan calls the wealth management group 'the least efficient business in the platform.'

By Bruce Kelly
Mercer acquires $630M North Carolina RIA
RIA NEWS OCT 17, 2023
Mercer acquires $630M North Carolina RIA

Charlotte-based Kingfisher Capital was founded in 1989.

By InvestmentNews
Investors turning more bearish on the market, more optimistic on the economy
RIA NEWS OCT 17, 2023
Investors turning more bearish on the market, more optimistic on the economy

Morgan Stanley survey takes the pulse of US investors.

By Steve Randall
Bitcoin up 10% as investors weigh potential ETF green light
RIA NEWS OCT 17, 2023
Bitcoin up 10% as investors weigh potential ETF green light

A false report claimed that the SEC had approved BlackRock's spot ETF application.

By Bloomberg