RIA News

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Hightower adds $2.5B high-net-worth focused firm to its list of 2023 acquisitions
RIAS RIA NEWS NOV 08, 2023
Hightower adds $2.5B high-net-worth focused firm to its list of 2023 acquisitions

The wealth manager has announced a strategic investment in the Florida RIA firm.

By Steve Randall
Gen Z is smashing the taboo of talking to their parents about money matters
RIAS RIA NEWS NOV 08, 2023
Gen Z is smashing the taboo of talking to their parents about money matters

Northwestern Mutual study finds young Americans are having financial talks earlier.

By Steve Randall
Stocks lower ahead of Fed Chair Powell's speech
RIAS RIA NEWS NOV 08, 2023
Stocks lower ahead of Fed Chair Powell's speech

Fed chair is set to speak at 9.15 a.m. ET, with other officials also scheduled.

By Bloomberg
Why BlackRock is staying overweight megacap tech stocks
RIAS RIA NEWS NOV 08, 2023
Why BlackRock is staying overweight megacap tech stocks

Asset manager has $100B tracking the biggest names in technology in its model portfolios.

By Bloomberg
UBS is selling AT1 bonds with attractive yields
RIAS RIA NEWS NOV 08, 2023
UBS is selling AT1 bonds with attractive yields

The securities will boost the banking group's capital buffer and aims to restore confidence.

By Bloomberg
HSBC launching custody service for tokenized securities
RIAS RIA NEWS NOV 08, 2023
HSBC launching custody service for tokenized securities

It's the latest financial institution to eye a slice of the fast-growing digital assets safeguarding space.

By Bloomberg
Osaic boosts cash flow in first half of 2023: Fitch
ADVISOR NEWS INDEPENDENT BROKER DEALERS NOV 07, 2023
Osaic boosts cash flow in first half of 2023: Fitch

The improvement demonstrates that the giant broker-dealer network, which many believe will seek to go public in the next few years, is moving its cash flow in the right direction.

By Bruce Kelly
$30 billion up for grabs as major bank dumps part of HNW portfolio
RIAS RIA NEWS NOV 07, 2023
$30 billion up for grabs as major bank dumps part of HNW portfolio

Who doesn’t want more clients? Well, this wealth management unit for one.

By Matthew Sellers
Abacus Life partners with Dynasty Financial Partners for new wealth division
INVESTING LIFE INSURANCE AND ANNUITIES NOV 07, 2023
Abacus Life partners with Dynasty Financial Partners for new wealth division

The firm will offer clients comprehensive financial planning services.

By Steve Randall
Oil drops back below $80 despite supply cuts
RIAS RIA NEWS NOV 07, 2023
Oil drops back below $80 despite supply cuts

Global demand and interest rates are in focus as WTI falls more than 2%.

By Bloomberg
Wall Street leaders share fears with global financial services peers
RIAS RIA NEWS NOV 07, 2023
Wall Street leaders share fears with global financial services peers

Cocktail of potential disasters discussed as industry meets in Hong Kong.

By Bloomberg
UBS wants to shed $5B in wealthy clients' assets
RIAS RIA NEWS NOV 07, 2023
UBS wants to shed $5B in wealthy clients' assets

The firm is picking the bits of Credit Suisse it does and does not want.

By Bloomberg
Morgan Stanley's Gorman will step down as chair by end of 2024
RIAS RIA NEWS NOV 07, 2023
Morgan Stanley's Gorman will step down as chair by end of 2024

He will make way for incoming CEO Ted Pick to make his mark on the Wall Street titan.

By Bloomberg
Stimulus will boost China growth in 2024, says IMF
RIAS RIA NEWS NOV 07, 2023
Stimulus will boost China growth in 2024, says IMF

The organization has upgraded its outlook for the world's second largest economy.

By Bloomberg
Despite issues with Schwab, RIAs from TD stay put 
RIAS RIA NEWS NOV 06, 2023
Despite issues with Schwab, RIAs from TD stay put 

Some advisors don’t like the number of master accounts at Schwab, the phone support or the technology. They’re exploring other custodians but don’t want to repaper.

By Emile Hallez
Wealth chats with family members are a good thing, right? Not always, says Merrill Lynch
RIAS RIA NEWS NOV 06, 2023
Wealth chats with family members are a good thing, right? Not always, says Merrill Lynch

Spontaneous conversations about family fortunes can lead to regrets, new report warns.

By Steve Randall
High rates could derail year-end stocks rally, BlackRock says
RIAS RIA NEWS NOV 06, 2023
High rates could derail year-end stocks rally, BlackRock says

Research chief says rates outlook has not been reflected in equities yet.

By Bloomberg
Hedge funds' extended short positions on Treasuries wrongly timed
RIAS RIA NEWS NOV 06, 2023
Hedge funds' extended short positions on Treasuries wrongly timed

CFTC data shows bets persisted even though the cash bonds had rallied the week before.

By Bloomberg
Bankers want protection from greenwashing claims in $1.5T markets
RIAS RIA NEWS NOV 06, 2023
Bankers want protection from greenwashing claims in $1.5T markets

Wall Street stalwarts are among the largest providers of sustainability linked loans.

By Bloomberg
Captrust adds Normann Financial
ADVISOR NEWS RETIREMENT PLANNING NOV 03, 2023
Captrust adds Normann Financial

The Sanford, North Carolina-based firm oversees $1.3 billion in assets.

By Josh Welsh