RIA News

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JPMorgan Asset Management thinks Fed cuts could be deeper
INDEPENDENT BROKER DEALERS JAN 11, 2024
JPMorgan Asset Management thinks Fed cuts could be deeper

Wall Street firm believes that while 1.5% of cuts is probably correct, there could be more easing needed.

By Bloomberg
Here we go again: Ether gains on hopes for SEC ETF approval
RIA NEWS JAN 11, 2024
Here we go again: Ether gains on hopes for SEC ETF approval

'Runner-up' crypto has gained more than bitcoin since the SEC approved spot ETFs.

By Bloomberg
Citadel Securities is sole bidder for Credit Suisse's China venture
RIA NEWS JAN 11, 2024
Citadel Securities is sole bidder for Credit Suisse's China venture

While many firms are pulling back from the market, the Ken Griffin founded firm sees opportunity.

By Bloomberg
Cambridge launches fee-only RIA
RIA NEWS JAN 10, 2024
Cambridge launches fee-only RIA

BridgePort Financial Solutions can provide smaller RIAs with support in areas such as technology, practice management and outsourcing.

By InvestmentNews
BlackRock, Ark cut fees on bitcoin ETFs again
ETFS JAN 10, 2024
BlackRock, Ark cut fees on bitcoin ETFs again

Fund companies try to position their products to attract first-day inflows that could hit $4B once the SEC approves the funds.

By Bloomberg
MAI Capital Management expands with $1.4B firm acquisition
RIA NEWS JAN 10, 2024
MAI Capital Management expands with $1.4B firm acquisition

The deal enhances the RIA's presence in Ohio and Northern Virginia.

By Steve Randall
Private health insurance premiums to reach new record high this year
RIA NEWS JAN 10, 2024
Private health insurance premiums to reach new record high this year

Costs surged in 2023 and are set to do the same in 2024, says new report.

By Steve Randall
Bitcoin steady following fake SEC social media post on ETFs
RIA NEWS JAN 10, 2024
Bitcoin steady following fake SEC social media post on ETFs

Hackers posted on regulator's X account that it had approved spot ETFs.

By Bloomberg
Luxury housing market to be driven by sustainable homes, AI
RIA NEWS JAN 10, 2024
Luxury housing market to be driven by sustainable homes, AI

New report says environmental concerns are becoming mainstream.

By Bloomberg
Billionaire vs. auction house $233M trial begins over 'lost Leonardo'
RIA NEWS JAN 10, 2024
Billionaire vs. auction house $233M trial begins over 'lost Leonardo'

New York court case provides rare glimpse of often opaque fine art world.

By Bloomberg
SEC denies bitcoin ETF approval after X account compromised
ALTERNATIVES JAN 09, 2024
SEC denies bitcoin ETF approval after X account compromised

Chair Gary Gensler denounces unauthorized social media post.

By James Burton
Mercer adds $275M RIA in Iowa
RIA NEWS JAN 09, 2024
Mercer adds $275M RIA in Iowa

The deal for River Glen Wealth Counselors adds to the firm’s presence in the central U.S.

By InvestmentNews
'Wall Street South' beckons financial services firms
OPINION JAN 09, 2024
'Wall Street South' beckons financial services firms

Why hedge fund managers, advisory firms and other financial services firms are basking in the sun in Miami.

By Michael Nessim
BlackRock, State Street cited for blocking green resolutions
RIA NEWS JAN 09, 2024
BlackRock, State Street cited for blocking green resolutions

A report from nonprofit ShareAction finds BlackRock supported just of 20 climate resolutions in 2023 that were analyzed by ShareAction.

By Bloomberg
Diversify launches wealth management partner platform with three RIAs
RIA NEWS JAN 09, 2024
Diversify launches wealth management partner platform with three RIAs

New offering is for advisors seeking the next step of their career.

By Steve Randall
Smartleaf Asset Management announces strategic partnership with Clearstead Advisors
RIA NEWS JAN 09, 2024
Smartleaf Asset Management announces strategic partnership with Clearstead Advisors

The collaboration will enable greater tax optimization for Clearstead clients.

By Steve Randall
Why activist investors are set to pull back on ESG campaigns
RIA NEWS JAN 09, 2024
Why activist investors are set to pull back on ESG campaigns

It's all about effectiveness, says consulting firm.

By Bloomberg
Raymond James' Reilly sees comp soar in 2023
INDEPENDENT BROKER DEALERS JAN 08, 2024
Raymond James' Reilly sees comp soar in 2023

Total compensation for the IBD's CEO hit $34.9 million in the company's fiscal year ended Sept. 30.

By Bruce Kelly
Americans facing dual challenge of trying to save while managing credit card debt
RIA NEWS JAN 08, 2024
Americans facing dual challenge of trying to save while managing credit card debt

Higher income individuals recorded larger increases in card balances in 2023.

By Steve Randall
Hub International adds new acquisition to its South Florida practice
RIA NEWS JAN 08, 2024
Hub International adds new acquisition to its South Florida practice

Latest deal will help expand the firm's reach and capabilities in the region.

By Steve Randall