RIA News

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Higher-than-expected core CPI likely pushes back Fed rate cuts
RIA NEWS APR 10, 2024
Higher-than-expected core CPI likely pushes back Fed rate cuts

The 0.4% rise in March's core consumer price index adds to evidence that progress on taming inflation may be stalling.

By Bloomberg
Fortis Capital Advisors acquires Chicago-based father-daughter firm
RIA NEWS APR 10, 2024
Fortis Capital Advisors acquires Chicago-based father-daughter firm

New addition expands the RIA firm’s national footprint.

By Steve Randall
Global VC funding down 30% amid investor concerns
RIA NEWS APR 10, 2024
Global VC funding down 30% amid investor concerns

Venture capital funding dropped 29% in the US, 40% in China, as slower economies, inflation weigh.

By Bloomberg
NYSE aims to attract 'exciting' Asian firms to list in US
EQUITIES APR 10, 2024
NYSE aims to attract 'exciting' Asian firms to list in US

Firms from Japan, South Korea, Indonesia, and Singapore could appear.

By Bloomberg
Blackstone deal for apartment REIT signals opportunities
ALTERNATIVES APR 09, 2024
Blackstone deal for apartment REIT signals opportunities

'It looks like Blackstone is value-investing and hunting,' a senior industry executive says.

By Bruce Kelly
Gen Z, millennials as likely to own crypto as real estate
RIA NEWS APR 09, 2024
Gen Z, millennials as likely to own crypto as real estate

Online poll of 4,000 adults reveals younger generations’ approaches to wealth-building, financial 'hacks,' and trusted financial sources.

By Leo Almazora
Three-fifths of millennials don't have a will or trust: Study
RIA NEWS APR 09, 2024
Three-fifths of millennials don't have a will or trust: Study

Survey of 15,000 millennials reveal a gap in generational planning as caregiving duties and homebuying struggles take their toll.

By Leo Almazora
Most US adults fear outliving their money more than death
RETIREMENT PLANNING APR 09, 2024
Most US adults fear outliving their money more than death

Concerns about inflation, Social Security, and taxes are stoking Americans’ financial anxiety, Allianz Life survey shows.

By Leo Almazora
Ron Carson stepping down as CEO of namesake RIA
RIA NEWS APR 09, 2024
Ron Carson stepping down as CEO of namesake RIA

The founder of the national wealth firm is handing over the reins to Burt White, former chief investment officer at LPL.

By Leo Almazora
West Virginia stops banking with Citi, Northern Trust, over fossil fuels
RIA NEWS APR 09, 2024
West Virginia stops banking with Citi, Northern Trust, over fossil fuels

The state treasurer added four financial services firms to a list of those ineligible to provide banking services to the state because he says they 'boycott' the fossil fuels industry.

By Bloomberg
Wealth Enhancement Group announces new leaders as client assets surpass $81B
RIA NEWS APR 09, 2024
Wealth Enhancement Group announces new leaders as client assets surpass $81B

BlackRock's former head of income investing is among the appointments.

By Steve Randall
Mesirow eyes organic growth, new products with strategy leader appointment
RIA NEWS APR 09, 2024
Mesirow eyes organic growth, new products with strategy leader appointment

The firm's plans include further strategic hires and acquisitions.

By Steve Randall
Former Fed president James Bullard expects three rate cuts
RIA NEWS APR 09, 2024
Former Fed president James Bullard expects three rate cuts

Economic reports already justify cuts, the former central bank executive says.

By Bloomberg
Billionaire Branson's SPAC deals have cost him dearly
RIA NEWS APR 09, 2024
Billionaire Branson's SPAC deals have cost him dearly

British entrepreneur's net worth has tumbled around $5 billion.

By Bloomberg
Stratos Private Wealth reveals East Coast expansion plans
RIA NEWS APR 09, 2024
Stratos Private Wealth reveals East Coast expansion plans

The firm is rebranding a pair of Stratos-affiliated practices to boost its presence on the East Coast

By Gregg Greenberg
Nearly half of US filers put off tax prep
RIA NEWS APR 08, 2024
Nearly half of US filers put off tax prep

A survey of more than 1,000 US adults offers glimpses of tax stress and procrastination as the April filing deadline looms.

By Leo Almazora
Wells Fargo Advisors' midyear pay tweaks
INDEPENDENT BROKER DEALERS APR 08, 2024
Wells Fargo Advisors' midyear pay tweaks

Broker-dealers are increasingly chasing registered investment advisor assets.

By Bruce Kelly
Cerity Partners strikes upper-high-net-worth deal
RIA NEWS APR 08, 2024
Cerity Partners strikes upper-high-net-worth deal

The Chicago-based RIA’s union with Denver-based Agility, a well-regarded OCIO service provider, will vault it past the $100B AUM mark.

By Leo Almazora
Focus announces another Colony Group merger
RIA NEWS APR 08, 2024
Focus announces another Colony Group merger

The wealth network’s hub strategy continues with the assimilation of Tennessee-based InterOcean Capital Group.

By Leo Almazora
Millennials are dipping into retirement savings for housing costs
RIA NEWS APR 08, 2024
Millennials are dipping into retirement savings for housing costs

Across generations, the costs of rent and mortgages are challenging.

By Steve Randall