RIA News

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National $25.9B AUM RIA firm launches trust company in 'favorable' jurisdiction
RIAS RIA NEWS JUL 12, 2024
National $25.9B AUM RIA firm launches trust company in 'favorable' jurisdiction

The firm says expansion of its services will be powered by technology.

By Steve Randall
S&P futures stabilize ahead of Wall Street earnings
RIAS RIA NEWS JUL 12, 2024
S&P futures stabilize ahead of Wall Street earnings

Expectation of earnings broadening out from megacap big tech.

By Bloomberg
Treasuries erase 2024 losses amid rate cut bets
RIAS RIA NEWS JUL 12, 2024
Treasuries erase 2024 losses amid rate cut bets

Inflation data is driving expectation of Fed action ahead.

By Bloomberg
Wall Street banking chief welcomed with $41M in stocks
RIAS RIA NEWS JUL 12, 2024
Wall Street banking chief welcomed with $41M in stocks

Shares will awarded over a five year period.

By Bloomberg
Gold remains above $2400 after biggest gain since March
RIAS RIA NEWS JUL 12, 2024
Gold remains above $2400 after biggest gain since March

Wider precious metals market is mixed.

By Bloomberg
Energy investors looking for a gusher in second half
RIAS RIA NEWS JUL 11, 2024
Energy investors looking for a gusher in second half

Oil and natural gas stocks have lagged so far in 2024 as technology has led the way. Energy investors expect that to change in the months ahead.

By Gregg Greenberg
GPB execs goosed records to pump sales, partner claims
INVESTING ALTERNATIVES JUL 11, 2024
GPB execs goosed records to pump sales, partner claims

"I wanted it to end," said former senior GPB executive on Thursday.

By Bruce Kelly
RIAs’ economic optimism holds steady, but concerns are brewing
RIAS RIA NEWS JUL 11, 2024
RIAs’ economic optimism holds steady, but concerns are brewing

Quarterly index research reveals heightened worries over inflation, politics, and market turbulence in the next 12 months.

By Leo Almazora
Ex-Edward Jones trio unveils RIA platform for breakaways
RIAS RIA NEWS JUL 11, 2024
Ex-Edward Jones trio unveils RIA platform for breakaways

The veteran-founded firm officially launches its “Bridge Builder to Independence” model with the arrival of a former $275 million wirehouse advisor.

By Leo Almazora
Baird adds to Ohio presence with Wells Fargo hire
RIAS RIA NEWS JUL 11, 2024
Baird adds to Ohio presence with Wells Fargo hire

The employee-owned wealth firm’s latest addition previously managed north of $185M at the wirehouse.

By Leo Almazora
Modern Wealth tops $4B AUM with C&J Wealth Advisors deal
RIAS RIA NEWS JUL 11, 2024
Modern Wealth tops $4B AUM with C&J Wealth Advisors deal

The RIA aggregator’s ninth acquisition in 14 months also represents its first foray into the South as it gains a foothold in Tennessee.

By Leo Almazora
Broad cooling in inflation bolsters case for Fed rate cuts
RIAS RIA NEWS JUL 11, 2024
Broad cooling in inflation bolsters case for Fed rate cuts

Core CPI's smallest monthly advance since August 2021, led by cheaper gasoline, adds to evidence of downward inflation trend.

By Bloomberg
North America drives global net wealth to $477 trillion after 2023 rebound
RIAS RIA NEWS JUL 11, 2024
North America drives global net wealth to $477 trillion after 2023 rebound

But what does continued opportunity mean for the wealth management industry?

By Steve Randall
Gen Z concerned about reaching financial goals without parental support
RIAS RIA NEWS JUL 11, 2024
Gen Z concerned about reaching financial goals without parental support

Most of the generation are getting help from the bank of mom & dad.

By Steve Randall
Is big tech spending too much on AI? Goldman strategists think so
RIAS RIA NEWS JUL 11, 2024
Is big tech spending too much on AI? Goldman strategists think so

Megacap firms will eventually have to prove they made the right moves.

By Bloomberg
Will inflation data endorse bond investors Treasury bet?
RIAS RIA NEWS JUL 11, 2024
Will inflation data endorse bond investors Treasury bet?

Markets will be looking for deceleration in Thursday's stats.

By Bloomberg
EM stocks hit two-year high, currencies gain amid rate cut bets
RIAS RIA NEWS JUL 11, 2024
EM stocks hit two-year high, currencies gain amid rate cut bets

Expectation rising for easing monetary policies.

By Bloomberg
Robertson Stephens breaks another billion-dollar barrier with RIA partnership
RIAS RIA NEWS JUL 10, 2024
Robertson Stephens breaks another billion-dollar barrier with RIA partnership

The national RIA has officially exceeded $6B in advisory assets while gaining its first foothold in Oregon.

By Leo Almazora
Pensionmark enters a new era with World Investment Advisors rebrand
RIAS RIA NEWS JUL 10, 2024
Pensionmark enters a new era with World Investment Advisors rebrand

After two years of supercharged growth, the RIA aggregator is refreshing its brand to entice more independent wealth practices.

By Leo Almazora
S&P 500 reaches all-time high as big tech rallies over Powell testimony
RIAS RIA NEWS JUL 10, 2024
S&P 500 reaches all-time high as big tech rallies over Powell testimony

The Federal Reserve chair's remarks to Congress have not dissuaded market hopes of a September rate cut.

By Bloomberg