RIA News

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Morgan Stanley's Wilson sees 'highly likely' chance of 10% pre-election correction
RIAS RIA NEWS JUL 08, 2024
Morgan Stanley's Wilson sees 'highly likely' chance of 10% pre-election correction

Uncertainty around Federal Reserve cuts, corporate earnings, and US elections are adding to the odds of a choppy third quarter.

By Bloomberg
Rockefeller snaps up another ex-First Republic team from JPMorgan
RIAS RIA NEWS JUL 08, 2024
Rockefeller snaps up another ex-First Republic team from JPMorgan

The firm’s family office division has expanded its presence in the East Coast as it welcomes a veteran ultra-high-net-worth advisor in Boston.

By Leo Almazora
Analyst cuts Raymond James' rating over "emerging risks"
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 08, 2024
Analyst cuts Raymond James' rating over "emerging risks"

'A huge pull is the massive amount of money that private equity firms are offering the owners of these OSJs,' says one industry executive.

By Bruce Kelly
Family offices plugged into tech investing, says Pepper International CEO
RIAS RIA NEWS JUL 08, 2024
Family offices plugged into tech investing, says Pepper International CEO

Family office advisor Carol Pepper shines a spotlight on how today's 'Rockefellers' are protecting and growing their family fortunes.

By Gregg Greenberg
Ex-Cboe CEO Ed Tilly joins $2B fintech Clear Street
ADVISOR NEWS FINTECH JUL 08, 2024
Ex-Cboe CEO Ed Tilly joins $2B fintech Clear Street

The upstart provider of custody and clearing services' new president is the latest in a string of high-profile appointments.

By Bloomberg
Salim Ramji begins CEO role at Vanguard
RIAS RIA NEWS JUL 08, 2024
Salim Ramji begins CEO role at Vanguard

The former BlackRock ETFs leader vowed the firm would preserve Jack Bogle’s original vision while evolving in step with its customers’ needs.

By Leo Almazora
Why affluent individuals are investing in global citizenship
RIAS RIA NEWS JUL 08, 2024
Why affluent individuals are investing in global citizenship

More high-net-worth individuals in the US are engaging in "jurisdictional arbitrage," says Apex Capital Partners founder Nuri Katz.

By Emily Douglas
BlackRock acquisition founder makes staff millionaires
RIAS RIA NEWS JUL 08, 2024
BlackRock acquisition founder makes staff millionaires

Deal makes Preqin chief wealthier than Larry Fink.

By Steve Randall
ESG remains divisive, many advisors just don't think it's sustainable
RIAS RIA NEWS JUL 08, 2024
ESG remains divisive, many advisors just don't think it's sustainable

But it looks like remaining a growth area for investing.

By Steve Randall
Bumper earnings season is key to continued stock rally
RIAS RIA NEWS JUL 08, 2024
Bumper earnings season is key to continued stock rally

Wall Street strategists optimistic on Corporate America's ability to deliver.

By Bloomberg
Steeper bond curve expected, CPI to further help bonds
RIAS RIA NEWS JUL 08, 2024
Steeper bond curve expected, CPI to further help bonds

Bet favored by Citi, JPMorgan is looking good.

By Bloomberg
Gold slips as China keeps buying on hold for second month
RIAS RIA NEWS JUL 08, 2024
Gold slips as China keeps buying on hold for second month

Further easing could be ahead as traders digest data.

By Bloomberg
Paramount to merge with Skydance Media in complex deal
RIAS RIA NEWS JUL 08, 2024
Paramount to merge with Skydance Media in complex deal

CBS, MTV owner to get fresh capital injection.

By Bloomberg
Friendly tax climates give top NHL teams a recruiting edge
RIAS RIA NEWS JUL 05, 2024
Friendly tax climates give top NHL teams a recruiting edge

For many past champions, the absence of a state income tax is a valuable bargaining chip when it comes to luring free agents.

By Leo Almazora
Rare downgrade for Nvidia as analyst airs valuation concerns
RIAS RIA NEWS JUL 05, 2024
Rare downgrade for Nvidia as analyst airs valuation concerns

After the breathless rally since last year, the stock has no room left to run, he argues.

By Bloomberg
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes
RIAS RIA NEWS JUL 05, 2024
Payroll growth slows, uptick in jobless rate bolsters Fed cut hopes

Jobs report shows greater-than-expected cooldown in labor market during the second quarter.

By Bloomberg
What RIAs need to think about before partnering up
RIAS RIA NEWS JUL 05, 2024
What RIAs need to think about before partnering up

"You're literally marrying another entity that you may not have married from the beginning," says CEO of Procyon Partners.

By Gregg Greenberg
Wealth management on the brink of an "exciting" era
RIAS RIA NEWS JUL 05, 2024
Wealth management on the brink of an "exciting" era

CEO of LVW Advisors unpacks how the upcoming wealth transfer among women and fintech will play a huge role in the industry's future.

By Josh Welsh
Schroders Capital pilots tokenized insurance-linked securities investments
RIAS RIA NEWS JUL 05, 2024
Schroders Capital pilots tokenized insurance-linked securities investments

Private markets business teamed up with a global reinsurer for the proof of concept.

By Steve Randall
IRS warns tax professionals to be on guard over identity theft
RIAS RIA NEWS JUL 05, 2024
IRS warns tax professionals to be on guard over identity theft

The agency says threats are evolving and require action.

By Steve Randall