RIA News

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Short sellers targeting B. Riley in smear campaign, sources say
INDEPENDENT BROKER DEALERS FEB 22, 2024
Short sellers targeting B. Riley in smear campaign, sources say

Short sellers' claims against B Riley are 'often accompanied by outrageous personal harassment,' the company says.

By Bruce Kelly
Stratos Wealth signs $700M team from Osaic
RIA NEWS FEB 22, 2024
Stratos Wealth signs $700M team from Osaic

Redwood City, California-based Pettinelli Financial Partners offers comprehensive planning for multigenerational households.

By Leo Almazora
Merit unveils independent advisor affiliate model
PRACTICE MANAGEMENT FEB 22, 2024
Merit unveils independent advisor affiliate model

'Think of it as a form of courting, a time for a firm owner to ‘date’ a prospective partner before ‘marrying’ and making the decision to merge or be acquired,' Merit CEO Rick Kent says.

By Leo Almazora
AlTi’s upper-high-net-worth ambitions get $450M boost
RIA NEWS FEB 22, 2024
AlTi’s upper-high-net-worth ambitions get $450M boost

The global wealth and alternatives manager is getting strategic investments from Allianz X and Constellation Wealth Capital.

By Leo Almazora
Cetera's TRPG begins RIA integrations with acquisition of Kansas firm
RIA NEWS FEB 22, 2024
Cetera's TRPG begins RIA integrations with acquisition of Kansas firm

Cetera is sharpening its focus on RIAs under CEO Mike Durbin.

By Steve Randall
New role announced for Nitrogen co-founder and former CEO
FINTECH FEB 22, 2024
New role announced for Nitrogen co-founder and former CEO

Aaron Klein brings two decades of experience to wealthtech consultancy.

By Steve Randall
Financial crime compliance costs reach $61B for financial institutions  
REGULATION AND LEGISLATION FEB 22, 2024
Financial crime compliance costs reach $61B for financial institutions  

LexisNexis report reveals almost all firms in the US and Canada are affected.

By Steve Randall
Nvidia earnings outpacing its stock, which is still relatively cheap
RIA NEWS FEB 22, 2024
Nvidia earnings outpacing its stock, which is still relatively cheap

With AI soaring, the chipmaker keeps delivering for investors.

By Bloomberg
Private credit for infrastructure is soaring, at banks' expense
RIA NEWS FEB 22, 2024
Private credit for infrastructure is soaring, at banks' expense

The market is set for long-term growth amid energy transition.

By Bloomberg
Nikkei smashes 1989 record to enter uncharted territory
RIA NEWS FEB 22, 2024
Nikkei smashes 1989 record to enter uncharted territory

Asian tech stocks are rallying and Japan’s equities are on fire.

By Bloomberg
One of Wall Street's highest-flying women is reportedly quitting
INDEPENDENT BROKER DEALERS FEB 22, 2024
One of Wall Street's highest-flying women is reportedly quitting

Goldman Sachs executive had been tipped for CFO and other top roles.

By Bloomberg
Summit Partners enters RIA venture with former exec at First Republic
RIA NEWS FEB 21, 2024
Summit Partners enters RIA venture with former exec at First Republic

The former wealth head of the failed regional bank is building a new platform to attract high-net-worth wirehouse teams.

By Leo Almazora
Former Triad broker's medical company loses Florida real estate judgment
ALTERNATIVES FEB 21, 2024
Former Triad broker's medical company loses Florida real estate judgment

"This is more bad news," says a plaintiff's attorney.

By Bruce Kelly
Biden administration cancels $1.2B of federal student loans
RIA NEWS FEB 21, 2024
Biden administration cancels $1.2B of federal student loans

The move wipes out loans for those who borrowed less than $12,000 for their higher education.

By Bloomberg
Despite tripling assets, responsible investing funds haven’t outpaced market
RIA NEWS FEB 21, 2024
Despite tripling assets, responsible investing funds haven’t outpaced market

An analysis shows retail investors drove global growth over the past 10 years, while the bias for negative screening and active strategies continued.

By Leo Almazora
Citi boosts CEO Jane Fraser's pay to $26M
INDEPENDENT BROKER DEALERS FEB 21, 2024
Citi boosts CEO Jane Fraser's pay to $26M

The increase comes after Fraser initiated what's billed as the largest reworking of Citigroup in decades.

By Bloomberg
World's biggest wholesale banks face slowdown in growth, warns Bain & Co.
RIA NEWS FEB 21, 2024
World's biggest wholesale banks face slowdown in growth, warns Bain & Co.

Growth could even turn negative as era of cheap money and ultra-low rates ends.

By Steve Randall
Emerging-market stocks set to erase losses as valuations entice investors
RIA NEWS FEB 21, 2024
Emerging-market stocks set to erase losses as valuations entice investors

After a $1 trillion wipeout, emerging markets are back in favor.

By Bloomberg
Hedge funds have cut back on Magnificent Seven holdings
EQUITIES FEB 21, 2024
Hedge funds have cut back on Magnificent Seven holdings

Funds were net sellers of big tech stocks in the fourth quarter.

By Bloomberg
HSBC commits to slashing carbon footprint in capital markets
RIA NEWS FEB 21, 2024
HSBC commits to slashing carbon footprint in capital markets

The global banking group becomes one of the first to set targets.

By Bloomberg