RIA News

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Wisc. broker facing charges over stealing town’s money
RIAS RIA NEWS MAY 22, 2024
Wisc. broker facing charges over stealing town’s money

In twist, the broker has blamed other members of a town board for allegedly allowing the theft.

By Bruce Kelly
Nvidia in focus as last hurdle in tech earnings victory lap
RIAS RIA NEWS MAY 22, 2024
Nvidia in focus as last hurdle in tech earnings victory lap

With Magnificent Seven stocks riding high, all eyes are on the AI chip giant as investors anticipate another earnings beat.

By Bloomberg
Equitable expands in California with ex-Lincoln advisor duo
RIAS RIA NEWS MAY 22, 2024
Equitable expands in California with ex-Lincoln advisor duo

The two advisors, who reportedly managed $177M, are transitioning as they commit to a long-term succession plan.

By Leo Almazora
Cetera affiliate Wilde Wealth bolsters ownership group
RIAS RIA NEWS MAY 22, 2024
Cetera affiliate Wilde Wealth bolsters ownership group

The Arizona-based planning firm with more than $3.4B in AUA hails the development as a strategic "win-win."

By Leo Almazora
SEC slaps NYSE parent firm with $10M penalty for cyber reporting failure
ADVISOR NEWS REGULATION AND LEGISLATION MAY 22, 2024
SEC slaps NYSE parent firm with $10M penalty for cyber reporting failure

The federal securities regulator says the exchange giant took four days to report a vulnerability in its network, violating its internal procedures.

By Leo Almazora
Massachusetts risks $1B in lost tax yearly amid wealth exodus
RIAS RIA NEWS MAY 22, 2024
Massachusetts risks $1B in lost tax yearly amid wealth exodus

A trend of exits from the state could see nearly 100,000 residents with a combined $19.2B in income leave annually by 2030.

By Bloomberg
SEC chair hails benefits of faster settlements, but not everyone is so sure
RIAS RIA NEWS MAY 22, 2024
SEC chair hails benefits of faster settlements, but not everyone is so sure

T+1 begins Monday but there are concerns about a new way of working.

By Steve Randall
What are the biggest challenges for family offices in 2024?
RIAS RIA NEWS MAY 22, 2024
What are the biggest challenges for family offices in 2024?

Deloitte report shines light on the concerns and opportunities for firms.

By Steve Randall
Cybercrime on the rise as account takeovers become leading method
RIAS RIA NEWS MAY 22, 2024
Cybercrime on the rise as account takeovers become leading method

Clients must ensure that all accounts are secure amid surging fraud.

By Steve Randall
Goldman says greenback could be stronger for longer
RIAS RIA NEWS MAY 22, 2024
Goldman says greenback could be stronger for longer

Strategists mull Fed holding steady while peers begin cuts.

By Bloomberg
Is work from home ending for brokerage employees?
RIAS RIA NEWS MAY 22, 2024
Is work from home ending for brokerage employees?

New Finra rules will add extra burden on firms.

By Bloomberg
What's worrying advisors as bull market rolls on
RIAS RIA NEWS MAY 21, 2024
What's worrying advisors as bull market rolls on

If there was one thing that could turn all those bullish smiles into bearish frowns, what might it be?

By Gregg Greenberg
44 years in the industry ... and no plans to retire
RIAS RIA NEWS MAY 21, 2024
44 years in the industry ... and no plans to retire

InvestmentNews Awards 2024, Advisor of the Year (Regional - West): Wanda Delgado, Insight Financial Advisors.

By Josh Welsh
'There's not enough planners in this world, let alone in the United States'
RIAS RIA NEWS MAY 21, 2024
'There's not enough planners in this world, let alone in the United States'

InvestmentNews Awards 2024, Advisor of the Year (Midwest region): Stoy Hall, Black Mammoth.

By Josh Welsh
Most Americans financially OK, but worries remain, finds Fed
RIAS RIA NEWS MAY 21, 2024
Most Americans financially OK, but worries remain, finds Fed

Annual survey reveals continuing concerns on inflation, the weight of housing expenses, and new data on childcare costs.

By Bloomberg
Orion taps fintech vet Ron Pruitt as new president
RIAS RIA NEWS MAY 21, 2024
Orion taps fintech vet Ron Pruitt as new president

The industry veteran brings an extensive wealth of experience built up over 25 years, including a key executive position at Envestnet.

By Leo Almazora
Interactive Brokers latest B-D to report data breach
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAY 21, 2024
Interactive Brokers latest B-D to report data breach

'Sophisticated hackers for last 10 years have constantly improved their ability to breach systems,' compliance consultant says.

By Bruce Kelly
Nobel laureate Krugman “fanatically confused” on interest rates
RIAS RIA NEWS MAY 21, 2024
Nobel laureate Krugman “fanatically confused” on interest rates

With arguments for both sides, the distinguished prizewinner says anyone claiming to know the medium-term direction of borrowing costs “is deluding themselves.”

By Bloomberg
Fairport Wealth extends farewell to industry icon Heather Ettinger
RIAS RIA NEWS MAY 21, 2024
Fairport Wealth extends farewell to industry icon Heather Ettinger

The visionary leader and crusader for women’s financial progress has been instrumental in the Ohio-based RIA’s growth since inception.

By Leo Almazora
Waverly snaps up $310M advisory firm in Georgia
RIAS RIA NEWS MAY 21, 2024
Waverly snaps up $310M advisory firm in Georgia

The deal gives the growth-focused RIA’s 20th location in the US, and its 14th transaction since receiving a significant equity investment.

By Leo Almazora