RIA News

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Nine-tenths of parents value college, but less than half ready for the first tuition payment
RIA NEWS JUN 12, 2024
Nine-tenths of parents value college, but less than half ready for the first tuition payment

Survey unravels diverse approaches to paying for college, including 529 accounts, student loans, and dipping into retirement savings.

By Leo Almazora
Coldstream broadens its capabilities with new risk planning division
RIA NEWS JUN 12, 2024
Coldstream broadens its capabilities with new risk planning division

The new unit’s risk and insurance capabilities will be integrated with the Seattle-based independents tax and wealth management services.

By Leo Almazora
New report projects $31T wealth transfer among world’s richest by 2033
RIA NEWS JUN 12, 2024
New report projects $31T wealth transfer among world’s richest by 2033

The report offers a generational and geographic breakdown of the trend, as well as crucial shifts in drivers and motivators for inheritance.

By Leo Almazora
Federal Reserve reveals June rate decision
RIA NEWS JUN 12, 2024
Federal Reserve reveals June rate decision

Central bank signals new speed of cuts as it adjusts language in its post-meeting statement.

By Bloomberg
Equitable Advisors welcomes $326M advisor pair from Truist
RIA NEWS JUN 12, 2024
Equitable Advisors welcomes $326M advisor pair from Truist

Based in Virginia, the veteran advisors each bring over 20 years of experience as they join the wealth management giant.

By Leo Almazora
Summit Trail goes national with $3B high-end team
RIA NEWS JUN 12, 2024
Summit Trail goes national with $3B high-end team

The team, formerly with BNP Paribas/Bank of the West, includes 10 seasoned professionals from across the US.

By Leo Almazora
Sequoia taps industry veteran Chris Thom for new C-suite role
RIA NEWS JUN 12, 2024
Sequoia taps industry veteran Chris Thom for new C-suite role

The multibillion-dollar RIA’s latest executive hire will play a key role in enhancing its business partnership and marketing strategies.

By Leo Almazora
More than half of widowed women staggered by financial woes
RIA NEWS JUN 12, 2024
More than half of widowed women staggered by financial woes

New national poll of bereaved women reveals a “tremendous financial burden,” particularly for those who weren’t prepared.

By Leo Almazora
Broad cooling of inflation brings more hope for Fed rate cuts
RIA NEWS JUN 12, 2024
Broad cooling of inflation brings more hope for Fed rate cuts

May data show second straight monthly slowdown in key CPI metric in positive surprise for policymakers.

By Bloomberg
Private capital managers see RIA channel as key growth area
RIA NEWS JUN 12, 2024
Private capital managers see RIA channel as key growth area

Senior investment strategist at $50B Churchill Asset Management shares insights.

By Steve Randall
Wealthspire Advisors adds former BofA portfolio manager to growing team
RIA NEWS JUN 12, 2024
Wealthspire Advisors adds former BofA portfolio manager to growing team

Industry veteran joins the firm in the New York, South Florida markets.

By Steve Randall
Big day for US data, world markets mixed in early trade
RIA NEWS JUN 12, 2024
Big day for US data, world markets mixed in early trade

Fed to announce rates decision, CPI data ahead.

By Bloomberg
Global oil markets headed for major surplus, IEA says
RIA NEWS JUN 12, 2024
Global oil markets headed for major surplus, IEA says

Agency says US-led production surge could weigh on prices.

By Bloomberg
Bathroom bans part of toxic culture at Archegos, trial hears
RIA NEWS JUN 12, 2024
Bathroom bans part of toxic culture at Archegos, trial hears

Collapsed firm's founder Bill Hwang is on trial for fraud.

By Bloomberg
Trump would back Bitcoin over Fed-backed crypto
RIA NEWS JUN 12, 2024
Trump would back Bitcoin over Fed-backed crypto

Presidential hopeful held event for crypto miners at Mar-a-Lago Tuesday.

By Bloomberg
Learning leads to success for Thrivent CEO
RIA NEWS JUN 11, 2024
Learning leads to success for Thrivent CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Terry Rasmussen, Thrivent

By Josh Welsh
'I'm playing to change the industry,' says fintech CEO
RIA NEWS JUN 11, 2024
'I'm playing to change the industry,' says fintech CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Matt Brown, CAIS.

By Josh Welsh
BlackRock gives anti-ESG investors a proxy voting option
RIA NEWS JUN 11, 2024
BlackRock gives anti-ESG investors a proxy voting option

A policy from a proxy advisor new to BlackRock's voting choice program opposes "stakeholder capitalism" proposals.

By Emile Hallez
Are easy days of RIA financing a thing of the past?
RIA NEWS JUN 11, 2024
Are easy days of RIA financing a thing of the past?

Financial advisors may be dragged through the muck when financing goes wrong.

By Bruce Kelly
Brooklyn-based brokerage TradeZero hit with $250k penalty over finfluencer activities
REGULATION AND LEGISLATION JUN 11, 2024
Brooklyn-based brokerage TradeZero hit with $250k penalty over finfluencer activities

Finra investigation finds pandemic-era promotions, recordkeeping, and privacy notices to investors breached a raft of rules and regulations.

By Leo Almazora