RIA News

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Land of the rising returns. More advisors discovering Japanese stocks
RIAS RIA NEWS JUN 07, 2024
Land of the rising returns. More advisors discovering Japanese stocks

Japanese stocks are on a tear thanks to the country's depreciating currency, causing American advisors to look across the Pacific for profits.

By Gregg Greenberg
GPB top executives’ criminal trial to start Monday
INVESTING ALTERNATIVES JUN 07, 2024
GPB top executives’ criminal trial to start Monday

'The GPB case is bewildering,' says one senior brokerage executive.

By Bruce Kelly
Strong jobs data push JPMorgan, Citi to scrap July rate-cut bets
RIAS RIA NEWS JUN 07, 2024
Strong jobs data push JPMorgan, Citi to scrap July rate-cut bets

Economists at the banking giants changed their tune following the surprising May employment data.

By Bloomberg
GameStop plunges as video game retailer reveals share sale plans
RIAS RIA NEWS JUN 07, 2024
GameStop plunges as video game retailer reveals share sale plans

The company behind the beloved meme stock pushed forward its quarterly earnings report, getting ahead of a livestream by highly controversial “Roaring Kitty.”

By Leo Almazora
Canadian bank TD sues wealth advisor who "abruptly" exited amid AML probe
ADVISOR NEWS REGULATION AND LEGISLATION JUN 07, 2024
Canadian bank TD sues wealth advisor who "abruptly" exited amid AML probe

The Toronto-based lender says the advisor and a colleague breached contract as they joined Raymond James.

By Bloomberg
Cresset unveils deal for 130-year-old family office Connable
RIAS RIA NEWS JUN 07, 2024
Cresset unveils deal for 130-year-old family office Connable

The deal in Michigan forms a new combined entity managing $52B in assets for high-net-worth and ultra-high-net-worth clients.

By Leo Almazora
Citi Wealth highlights four unstoppable trends, seven investment opportunities
RIAS RIA NEWS JUN 07, 2024
Citi Wealth highlights four unstoppable trends, seven investment opportunities

How is the firm positioning portfolios for the second half of 2024.

By Steve Randall
What are the biggest challenges for UHNWIs and how can multi-family offices help?
RIAS RIA NEWS JUN 07, 2024
What are the biggest challenges for UHNWIs and how can multi-family offices help?

InvestmentNews speaks with Whittier Trust’s VP of business development.

By Steve Randall
US jobs report awaited; slowdown expected
RIAS RIA NEWS JUN 07, 2024
US jobs report awaited; slowdown expected

Bureau of Labor Statistics will release data Friday.

By Bloomberg
Fed cut may mean bad news for economy, says BofA's Hartnett
RIAS RIA NEWS JUN 07, 2024
Fed cut may mean bad news for economy, says BofA's Hartnett

The strategist says it could be a signal that trouble is ahead.

By Bloomberg
Moody's mulls cutting ratings for six US regional banks
RIAS RIA NEWS JUN 07, 2024
Moody's mulls cutting ratings for six US regional banks

Exposure to commercial real estate loans is the concern.

By Bloomberg
Private credit may lose some of its privacy
RIAS RIA NEWS JUN 07, 2024
Private credit may lose some of its privacy

European regulators want greater transparency amid risk concerns.

By Bloomberg
Stocks may be hot in 2024 but metals are molten
RIAS RIA NEWS JUN 06, 2024
Stocks may be hot in 2024 but metals are molten

Gold, silver and even copper are beating the S&P 500 so far in 2024. But will the bull market in metals last?

By Gregg Greenberg
'Ponzi schemes are done in the open by bad people'
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUN 06, 2024
'Ponzi schemes are done in the open by bad people'

SEC bars advisors who worked with Georgia Ponzi broker.

By Bruce Kelly
Personal purpose drives Park Avenue Securities
RIAS RIA NEWS JUN 06, 2024
Personal purpose drives Park Avenue Securities

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Marianne Caswell, Park Avenue Securities

By Josh Welsh
An amazing opportunity to change millions of households, CEO says
RIAS RIA NEWS JUN 06, 2024
An amazing opportunity to change millions of households, CEO says

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Amy Webber, Cambridge Investment Group, Inc.

By Josh Welsh
Financial independence tops millennials’ must-reach milestones, says CFP Board
RIAS RIA NEWS JUN 06, 2024
Financial independence tops millennials’ must-reach milestones, says CFP Board

While many Gen Y members believe they’ll succeed at their life goals, a vast majority see roadblocks from expenses, debt, and lack of savings.

By Leo Almazora
Revealed: InvestmentNews’ Fastest-Growing in America
RIAS RIA NEWS JUN 06, 2024
Revealed: InvestmentNews’ Fastest-Growing in America

The inaugural list reveals the firms and networks that have emerged as winners in the ongoing war for advisor talent over the past year.

By Leo Almazora
Allspring unveils SMA platform enhancements
RIAS RIA NEWS JUN 06, 2024
Allspring unveils SMA platform enhancements

The North Carolina-based global asset manager is strengthening its custom SMA platform with new active and index strategies.

By Leo Almazora
More HNWIs with more wealth want more from their advisors
RIAS RIA NEWS JUN 06, 2024
More HNWIs with more wealth want more from their advisors

Research finds ultra rich are shifting asset allocations from wealth preservation.

By Steve Randall