RIA News

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Morgan Stanley will increase some cash yields to 2%
INDEPENDENT BROKER DEALERS JUL 24, 2024
Morgan Stanley will increase some cash yields to 2%

The changes in yields on cash pose a big problem for future profits at large wealth management and brokerage firms.

By Bruce Kelly
Genstar Capital becomes majority investor in Docupace
FINTECH JUL 24, 2024
Genstar Capital becomes majority investor in Docupace

Investment boosts growth and innovation potential for wealth management software firm.

By Jonalyn Cueto
Fintech firm introduces one-button ETF investing platform
ETFS JUL 24, 2024
Fintech firm introduces one-button ETF investing platform

New application aims to revolutionize ETF investing.

By Jonalyn Cueto
Raymond James welcomes new VP of wealth management to Dublin office
RIA NEWS JUL 24, 2024
Raymond James welcomes new VP of wealth management to Dublin office

Advisor previously managed more than $100 million at Edward Jones.

By Jonalyn Cueto
KKR to acquire Janney Montgomery Scott from Penn Mutual
RIA NEWS JUL 24, 2024
KKR to acquire Janney Montgomery Scott from Penn Mutual

Janney manages over $150 billion in assets and employs more than 900 financial advisors across 135 offices in the US.

By Jonalyn Cueto
Half of real estate investors have lost $100K or more on a single asset
RIA NEWS JUL 24, 2024
Half of real estate investors have lost $100K or more on a single asset

Most who've put money into residential real estate have lost.

By Steve Randall
Credent Wealth Management secures strategic investment for expansion
RIA NEWS JUL 24, 2024
Credent Wealth Management secures strategic investment for expansion

Indiana headquartered $2.6B RIA gains funds to accelerate national spread.

By Steve Randall
NTAM hires former Goldman leader as global head of product strategy
RIA NEWS JUL 24, 2024
NTAM hires former Goldman leader as global head of product strategy

The $1.2B firm's new appointment will lead the drive for innovation.

By Steve Randall
Ether ETFs exceed $100M inflows in debut trading
RIA NEWS JUL 24, 2024
Ether ETFs exceed $100M inflows in debut trading

BlackRock, Bitwise, Fidelity lead the demand across nine new funds.

By Bloomberg
Tesla disappoints but Musk hails autonomy as the future
RIA NEWS JUL 24, 2024
Tesla disappoints but Musk hails autonomy as the future

Robotaxis launch pushed back by around two months.

By Bloomberg
Smalltown students benefit as billionaire banker pledges $150M
RIA NEWS JUL 24, 2024
Smalltown students benefit as billionaire banker pledges $150M

Byron Trott's latest philanthropic act will help rural students.

By Bloomberg
Barred broker arrested in Ohio for $1 million alleged fraud
ALTERNATIVES JUL 23, 2024
Barred broker arrested in Ohio for $1 million alleged fraud

"If the salesperson doesn't have a license, my advice is simple: hang onto your wallet," one former state regulator says.

By Bruce Kelly
Advisor takes $250 million practice to Ameriprise
RIA NEWS JUL 23, 2024
Advisor takes $250 million practice to Ameriprise

John Cortale and team will work under a new name, Monumental Financial Planning.

By Jonalyn Cueto
Outsourced family office hires $3B UHNW Citi duo
RIA NEWS JUL 23, 2024
Outsourced family office hires $3B UHNW Citi duo

Hires continue firm's rapid growth following appointment of industry veteran.

By Steve Randall
T. Rowe Price bets on fast growth in $7B blue bonds market
RIA NEWS JUL 23, 2024
T. Rowe Price bets on fast growth in $7B blue bonds market

Investment manager expects escalation over the next decade.

By Bloomberg
Why AI boom could derail US emissions reduction
RIA NEWS JUL 23, 2024
Why AI boom could derail US emissions reduction

New analysis highlights skyrocketing demand for electricity.

By Bloomberg
They co-lead a Wall Street titan: here's how it happened
RIA NEWS JUL 23, 2024
They co-lead a Wall Street titan: here's how it happened

Jamie Dimon's hand-picked leaders are focused on market share.

By Bloomberg
RIA M&A continues to roll in 2024
RIA NEWS JUL 22, 2024
RIA M&A continues to roll in 2024

"The big theme is that the industry is still in fourth inning of the consolidation ball game," says one executive.

By Bruce Kelly
Advisors assess "Harris Trade" after Biden's departure from Presidential race
RIA NEWS JUL 22, 2024
Advisors assess "Harris Trade" after Biden's departure from Presidential race

Wall Street has come to a consensus on the "Trump Trade." But which sectors will be winners if the Vice President wins the election?

By Gregg Greenberg
“Greatest bubble” set to burst, says expert
RIA NEWS JUL 22, 2024
“Greatest bubble” set to burst, says expert

CIO highlights indicators behind what he believes is a shift in the market.

By Jonalyn Cueto