RIA News

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Students failing on fin lit, but advisors can help
RIAS PRACTICE MANAGEMENT DEC 15, 2023
Students failing on fin lit, but advisors can help

While nearly half of all states require financial education courses to be available, there are gaps.

By Emile Hallez
Allworth lands two firms managing $650M
RIAS RIA NEWS DEC 15, 2023
Allworth lands two firms managing $650M

Both Silicon Valley Wealth Advisors and Hall Private Wealth Advisors are located in California.

By InvestmentNews
'Ponzi-like' private placement mess GPB slides into receivership
INVESTING ALTERNATIVES DEC 15, 2023
'Ponzi-like' private placement mess GPB slides into receivership

GPB's founder was an accountant who couldn't do the firm's accounting.

By Bruce Kelly
Equities heading to fifth weekly gain following Fed comments
INVESTING EQUITIES DEC 15, 2023
Equities heading to fifth weekly gain following Fed comments

Likelihood of a soft landing for the US economy sparked a market frenzy.

By Bloomberg
Citi shuts once-envied muni business
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 15, 2023
Citi shuts once-envied muni business

Wall Street firm says the unit is no longer viable.

By Bloomberg
Key European economy looks set for recession
RIAS RIA NEWS DEC 15, 2023
Key European economy looks set for recession

Euro zone stats are defying hopes of recovery.

By Bloomberg
China's growth outlook is not looking good
RIAS RIA NEWS DEC 15, 2023
China's growth outlook is not looking good

Beijing may be forced to increase stimulus for the world's second largest economy.

By Bloomberg
Integrated Partners reports milestone year, with $3B in assets added in 2023
RIAS RIA NEWS DEC 15, 2023
Integrated Partners reports milestone year, with $3B in assets added in 2023

The firm also launched an insurance division and made its first acquisition.

By Steve Randall
Millennials now most confident investors at dealing with market volatility
RIAS RIA NEWS DEC 15, 2023
Millennials now most confident investors at dealing with market volatility

Overall, Americans are feeling more experienced at investing, a survey from Hearts & Wallets shows.

By Steve Randall
Osaic nabs Lincoln Financial Advisors in latest purchase
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 14, 2023
Osaic nabs Lincoln Financial Advisors in latest purchase

The 1,450 financial advisors involved in the transaction oversee approximately $108 billion in assets.

By Bruce Kelly
Hot List 2023 winners revealed
RIAS RIA NEWS DEC 14, 2023
Hot List 2023 winners revealed

InvestmentNews celebrates 100 top finance professionals who have made a significant impact on our industry.

By InvestmentNews
Edelman buys $1.5B New England retirement firm
RIAS RIA NEWS DEC 14, 2023
Edelman buys $1.5B New England retirement firm

The deal for New England Pension Plan Systems is the third acquisition for Edelman Financial Engines this year.

By Josh Welsh
Kudu takes stake in $23B investment manager Sage Advisory Services
RIAS RIA NEWS DEC 14, 2023
Kudu takes stake in $23B investment manager Sage Advisory Services

The investment will support the fast-growing firm's expansion plans.

By Steve Randall
Goldman now expects faster and deeper Fed rate cuts
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 14, 2023
Goldman now expects faster and deeper Fed rate cuts

Economists believe core inflation will return to target by end of 2024.

By Bloomberg
IEA says oil demand is slowing sharply
RIAS RIA NEWS DEC 14, 2023
IEA says oil demand is slowing sharply

Agency says key countries are showing signs of economic slowdown.

By Bloomberg
COP28 fell short, but renewables investing is promising, advocates say
RIAS RIA NEWS DEC 13, 2023
COP28 fell short, but renewables investing is promising, advocates say

Most groups will be unhappy with the compromises in the pact, but the talks reflect powerful demand for clean energy.

By Emile Hallez
Merrill again faces client complaint over yields on cash
ADVISOR NEWS WIREHOUSES DEC 13, 2023
Merrill again faces client complaint over yields on cash

Merrill has consistently been the brokerage firm paying the lowest rates on swept cash, according to a suit filed by Merrill Edge client.

By Bruce Kelly
Citi offers to pay partial bonuses to encourage departures
ADVISOR NEWS INDEPENDENT BROKER DEALERS DEC 13, 2023
Citi offers to pay partial bonuses to encourage departures

The bank's offers to a limited number of staff are part of the Wall Street giant's continued restructuring efforts.

By Bloomberg
Are we nearing the end of the inverted yield curve?
INVESTING FIXED INCOME DEC 13, 2023
Are we nearing the end of the inverted yield curve?

Survey reveals most advisors think 2-year US Treasury has peaked as clients shift more assets into fixed income.

By InvestmentNews
NewEdge Capital hails record year for recruiting advisors, adds almost $10B AUM
RIAS RIA NEWS DEC 13, 2023
NewEdge Capital hails record year for recruiting advisors, adds almost $10B AUM

The firm has seen exponential growth and expanded its footprint.

By Steve Randall