RIA News

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Citigroup to exit distressed debt business
RIA NEWS DEC 21, 2023
Citigroup to exit distressed debt business

Wall Street firm is undertaking restructuring to revive investor confidence.

By Bloomberg
Major US bank becomes first to have a unionized branch
RIA NEWS DEC 21, 2023
Major US bank becomes first to have a unionized branch

Workers in Albuquerque vote to join union, Alaska branch could be next.

By Bloomberg
Which stock gained 600% this year to become world's top performer?
RIA NEWS DEC 21, 2023
Which stock gained 600% this year to become world's top performer?

Bloomberg data reveals how influencers helped spark interest in the firm.

By Bloomberg
Broker-dealer index stays on pace with S&P 500 this year
INDEPENDENT BROKER DEALERS DEC 20, 2023
Broker-dealer index stays on pace with S&P 500 this year

'The broker-dealers are the toll collectors of trading volume.'

By Bruce Kelly
Advising armed forces members past and present
RIA NEWS DEC 20, 2023
Advising armed forces members past and present

Andrew King, co-head of Tax Policy & Research for Goldman Sachs Ayco, explains how to help U.S. service members and veterans avoid a battle with federal bureaucracy to get financial benefits.

By Gregg Greenberg
Wealthy Americans say it's harder than ever to build and protect wealth
LIFE INSURANCE AND ANNUITIES DEC 20, 2023
Wealthy Americans say it's harder than ever to build and protect wealth

New report from Chubb probes the millionaire mindset to find what matters to them.

By Steve Randall
Wealth Enhancement Group acquires $265M independent RIA
RIA NEWS DEC 20, 2023
Wealth Enhancement Group acquires $265M independent RIA

Firm expands footprint with fourth Massachusetts office.

By Steve Randall
LPL welcomes $200M advisor team in upstate New York
RIA NEWS DEC 20, 2023
LPL welcomes $200M advisor team in upstate New York

Firm shifts affiliation from Osaic network's Triad Advisors.

By Steve Randall
Global trade under pressure from Red Sea disruption
RIA NEWS DEC 20, 2023
Global trade under pressure from Red Sea disruption

Insurance costs surge as merchant fleet faces attacks.

By Bloomberg
What is the 'basis trade' and why is the SEC concerned?
FIXED INCOME DEC 20, 2023
What is the 'basis trade' and why is the SEC concerned?

The space is dominated by only a few hedge funds, and that could be risky.

By Bloomberg
Exencial Wealth Advisors signs up $500 million firm
RIA NEWS DEC 19, 2023
Exencial Wealth Advisors signs up $500 million firm

Deal strengthens independent’s presence in Texas.

By InvestmentNews
Finra charges advisor with paying under the table commissions
REGULATION AND LEGISLATION DEC 19, 2023
Finra charges advisor with paying under the table commissions

Finra alleges a southern California broker kicked back $900,000 in commissions to non-registered sales person.

By Bruce Kelly
Introducing the inaugural InvestmentNews Awards
RIA NEWS DEC 19, 2023
Introducing the inaugural InvestmentNews Awards

Excellence demands recognition – celebrating the industry’s best and brightest.

By InvestmentNews
‘Good people are doing good things’ with DAFs
PRACTICE MANAGEMENT DEC 19, 2023
‘Good people are doing good things’ with DAFs

Clients should want to give a charitable gift first and deal with tax deductions second, says director at Altair Advisers.

By Josh Welsh
AI-driven advanced planning solution joins forces with Orion
FINTECH DEC 19, 2023
AI-driven advanced planning solution joins forces with Orion

Partnership saves advisors time as there is no need to manually enter client data, says FP Alpha.

By InvestmentNews
JPMorgan among winners as Latin American wealth flocks to Miami
PRACTICE MANAGEMENT DEC 19, 2023
JPMorgan among winners as Latin American wealth flocks to Miami

However, Morgan Stanley has been losing clients in city amid Federal Reserve review of its measures to prevent potential money laundering.

By Bloomberg
Savvy Advisors hires former $425M Empower team leader as principal wealth manager
RIA NEWS DEC 19, 2023
Savvy Advisors hires former $425M Empower team leader as principal wealth manager

It's the firm's seventh hire in the second half of 2023.

By Steve Randall
BlackRock sued for alleged misleading ESG strategy
RIA NEWS DEC 19, 2023
BlackRock sued for alleged misleading ESG strategy

Tennessee lawsuit claims 'a pattern of deception' which the firm rejects.

By Bloomberg
Worst year for M&A since 2013 as deals fail to reach $3T
RIA NEWS DEC 19, 2023
Worst year for M&A since 2013 as deals fail to reach $3T

People have been looking for reasons to avoid deals, says Wall Street leader.

By Bloomberg
JPMorgan senior leader changes likely in search for Dimon heir
INDEPENDENT BROKER DEALERS DEC 19, 2023
JPMorgan senior leader changes likely in search for Dimon heir

With the clock ticking on the CEO's extended tenure, who might be his successor?

By Bloomberg