RIA News

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Does bitcoin slump suggest trouble ahead in global markets?
RIAS RIA NEWS MAY 02, 2024
Does bitcoin slump suggest trouble ahead in global markets?

Crypto 'canary' may signal future shocks.

By Bloomberg
LPL shares hit fresh high after strong earnings
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAY 01, 2024
LPL shares hit fresh high after strong earnings

"Recruiting is as strong as ever" at LPL, one analyst noted.

By Bruce Kelly
If the Fed cut rates in the forest, would advisors notice?
RIAS RIA NEWS MAY 01, 2024
If the Fed cut rates in the forest, would advisors notice?

Despite all the conversation and consternation on Wall Street, the Fed has not moved interest rates since last July.

By Gregg Greenberg
How much are parents willing to cover for their kids’ college?
RIAS RIA NEWS MAY 01, 2024
How much are parents willing to cover for their kids’ college?

Northwestern Mutual poll reveals their expectations around splitting education costs, as well as Americans’ broader financial preparedness.

By Leo Almazora
Lack of progress on inflation forces hawkish Fed hold
INVESTING FIXED INCOME MAY 01, 2024
Lack of progress on inflation forces hawkish Fed hold

Policymakers at the US central bank raise fresh concerns around price pressures.

By Bloomberg
Sanctuary obtains tru Independence in Oregon
RIAS RIA NEWS MAY 01, 2024
Sanctuary obtains tru Independence in Oregon

The fast-growing RIA giant is bolstering its appeal to breakaway advisors as it absorbs a $12.5B wealth advisory network.

By Leo Almazora
JP Morgan data breach hits 451,000 retirement plan members
ADVISOR NEWS REGULATION AND LEGISLATION MAY 01, 2024
JP Morgan data breach hits 451,000 retirement plan members

The financial services giant reported a years-long system failure that exposed names, addresses, Social Security numbers, and other sensitive info.

By Leo Almazora
Eton Advisors taps Brian Hughes as new president
RIAS RIA NEWS MAY 01, 2024
Eton Advisors taps Brian Hughes as new president

The North Carolina-based multi-family office practice within Focus Financial expects the industry veteran will usher in a new chapter of growth.

By Leo Almazora
Bank of America sounds warning on options-ETF boom
RIAS RIA NEWS MAY 01, 2024
Bank of America sounds warning on options-ETF boom

Skeptics says products often fare worse than simpler alternatives.

By Bloomberg
Avantax strikes deal for $760M wealth business
RIAS RIA NEWS MAY 01, 2024
Avantax strikes deal for $760M wealth business

The firm best known for its integrated tax expertise is expanding its book as it snaps up a like-minded practice in Texas.

By Leo Almazora
Fed set to keep rates on hold, delay cuts in the near future
RIAS RIA NEWS MAY 01, 2024
Fed set to keep rates on hold, delay cuts in the near future

FOMC will announce rate decision at 2pm ET.

By Bloomberg
JPMorgan Asset Management’s $169B ETF business chief exits
RIAS RIA NEWS MAY 01, 2024
JPMorgan Asset Management’s $169B ETF business chief exits

Global head of ETF solutions, Bryon Lake, has left the firm.

By Bloomberg
Franklin Templeton wants to transform the industry through Microsoft AI partnership
RIAS RIA NEWS MAY 01, 2024
Franklin Templeton wants to transform the industry through Microsoft AI partnership

The collab will use AI to power-up digital transformation at scale.

By Steve Randall
ESG investors prefer passive as active funds ‘bleed money’
RIAS RIA NEWS MAY 01, 2024
ESG investors prefer passive as active funds ‘bleed money’

Morningstar data shows a recalibration of ESG investing space.

By Bloomberg
FX markets pivot as rate-hikes in some EMs look more likely
RIAS RIA NEWS MAY 01, 2024
FX markets pivot as rate-hikes in some EMs look more likely

Buying local currency becomes riskier as rate cut bets fade.

By Bloomberg
Cetera's Durbin says IPO clock has yet to tick
RIAS RIA NEWS APR 30, 2024
Cetera's Durbin says IPO clock has yet to tick

"Every private equity deal we have seen in the brokerage industry has lasted five to seven years," one executive said.

By Bruce Kelly
Seven-tenths of aspiring homeowners are waiting for the Fed’s cue, says BMO
ADVISOR NEWS RETIREMENT PLANNING APR 30, 2024
Seven-tenths of aspiring homeowners are waiting for the Fed’s cue, says BMO

Poll of US adults finds nearly a third dipping into 401(k) retirement plans as cost-of-living concerns and other stressors pile up.

By Leo Almazora
Macro-proof tech trade smashes ETF records
INVESTING ETFS APR 30, 2024
Macro-proof tech trade smashes ETF records

Tech ETFs have hoovered up some $9B so far this year as investors embrace the idea of megacaps’ endurance through economic cycles.

By Bloomberg
Kayne Anderson Rudnick deepens San Francisco advisory bench
RIAS RIA NEWS APR 30, 2024
Kayne Anderson Rudnick deepens San Francisco advisory bench

The firm strengthens its team in California as it welcomes a new advisor with a background supporting ultra-high-net-worth clients.

By Leo Almazora
New Cerulli study sheds light on advisors going independent
RIAS RIA NEWS APR 30, 2024
New Cerulli study sheds light on advisors going independent

Cerulli’s study revealed approximately one-third of IBD advisors (32%) have considered opening an RIA in the past year.

By Gregg Greenberg