RIA News

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Roaring Kitty’s $211M GameStop stake poses a mathematical mystery
RIAS RIA NEWS JUL 10, 2024
Roaring Kitty’s $211M GameStop stake poses a mathematical mystery

The magnitude of Keith Gill’s recently revealed meme stock positions has investing leaders and experts scratching their heads.

By Leo Almazora
Trade-secrets lawsuit over HSBC's SVB hires gets watered down
RIAS RIA NEWS JUL 10, 2024
Trade-secrets lawsuit over HSBC's SVB hires gets watered down

California judge dismisses most claims from $1B lawsuit alleging that the bank snapped up employees to mine confidential information.

By Bloomberg
Advisors witness ‘osmosis effect’ at inaugural InvestmentNews Awards
RIAS RIA NEWS JUL 10, 2024
Advisors witness ‘osmosis effect’ at inaugural InvestmentNews Awards

Winners revel in being recognized by top-performing peers.

By Josh Welsh
National independent advisory firm hires RBC estate planning veteran
RIAS RIA NEWS JUL 10, 2024
National independent advisory firm hires RBC estate planning veteran

New hire will strengthen holistic wealth management and family office framework.

By Steve Randall
Business owner clients consider succession, but that may not include the family
RIAS RIA NEWS JUL 10, 2024
Business owner clients consider succession, but that may not include the family

Edward Jones report finds that financial advisors are seeing another route.

By Steve Randall
Financial industry confidence in stopping transfer scams is worryingly low
RIAS RIA NEWS JUL 10, 2024
Financial industry confidence in stopping transfer scams is worryingly low

Firms are fighting the scammers, but LexisNexis report shows it's tough.

By Steve Randall
M&A outlook improves but the next few months looks uneven across industries
RIAS RIA NEWS JUL 10, 2024
M&A outlook improves but the next few months looks uneven across industries

BCG report reveals slower pace of recovery than expected so far in 2024.

By Steve Randall
ESG is growing within private credit markets
RIAS RIA NEWS JUL 10, 2024
ESG is growing within private credit markets

Despite backlash in US, sustainable focused funds are gaining.

By Bloomberg
HSBC wants to look more like other Wall Street firms
RIAS RIA NEWS JUL 10, 2024
HSBC wants to look more like other Wall Street firms

Global firm is reshaping its investment banking business.

By Bloomberg
LPL, Schwab top 'retail broker' picks: analyst
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 09, 2024
LPL, Schwab top 'retail broker' picks: analyst

'Schwab makes ton of money on its cash, and more financial advisors means more cash,' one executive says.

By Bruce Kelly
Investors weigh high yield allocations while Fed mulls rate cuts
RIAS RIA NEWS JUL 09, 2024
Investors weigh high yield allocations while Fed mulls rate cuts

High yield has had a nice run due to the strong economy and a Federal Reserve on hold. But how long will that last?

By Gregg Greenberg
Fed needs more good inflation data, says Powell
RIAS RIA NEWS JUL 09, 2024
Fed needs more good inflation data, says Powell

Chair's comments to Senate appears to rule out July cut, with markets now focused on September meeting.

By Bloomberg
Coldstream strikes merger deal with $2B investment advisory firm
RIAS RIA NEWS JUL 09, 2024
Coldstream strikes merger deal with $2B investment advisory firm

The deal with the Oregon-based high-net-worth practice will take the employee-owned independent’s assets past $10B.

By Leo Almazora
Wealth Enhancement Group snaps up $123M hybrid RIA
RIAS RIA NEWS JUL 09, 2024
Wealth Enhancement Group snaps up $123M hybrid RIA

The national independent has extended its East Coast profile with a specialized wealth practice in Massachusetts.

By Leo Almazora
Farther AUM grows significantly as firm adds 32 advisors
RIAS RIA NEWS JUL 09, 2024
Farther AUM grows significantly as firm adds 32 advisors

Goldman Sachs' former RIA advisors among new hires for tech-centric firm.

By Steve Randall
Returns in $9.7T green stocks second only to tech, says LSEG
RIAS RIA NEWS JUL 09, 2024
Returns in $9.7T green stocks second only to tech, says LSEG

10-year analysis shows sector generated 198% total returns.

By Bloomberg
Bitcoin ETFs gain $438M as investors buy the dip
RIAS RIA NEWS JUL 09, 2024
Bitcoin ETFs gain $438M as investors buy the dip

Net inflows have surged as lower crypto price entices buyers.

By Bloomberg
Archegos founder says case against him 'makes no sense'
RIAS RIA NEWS JUL 09, 2024
Archegos founder says case against him 'makes no sense'

Bill Hwang's lawyer makes last-chance argument in jury trial.

By Bloomberg
Hedge funds more bearish on gasoline prices
RIAS RIA NEWS JUL 09, 2024
Hedge funds more bearish on gasoline prices

Money managers react to lackluster start to summer driving season.

By Bloomberg
Politicization of ESG not sustainable, advisor warns
RIAS RIA NEWS JUL 08, 2024
Politicization of ESG not sustainable, advisor warns

InvestmentNews Award winner argues that many ESG-labelled funds are misleading investors.

By Josh Welsh