RIA News

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Deutsche Bank exec warns of growing climate risk
RIAS RIA NEWS OCT 27, 2023
Deutsche Bank exec warns of growing climate risk

Physical effects of climate change could occur suddenly, and conventional portfolio models often fall short on this issue, CIO says.

By Bloomberg
Fiduciary Trust expands its $94B firm to ‘Wall Street South’
RIAS RIA NEWS OCT 27, 2023
Fiduciary Trust expands its $94B firm to ‘Wall Street South’

The Franklin Templeton subsidiary says the South Florida market is an important one.

By Steve Randall
Baird adds $160M team to its Dallas wealth management office
RIAS RIA NEWS OCT 27, 2023
Baird adds $160M team to its Dallas wealth management office

Team of three join the firm’s network of more than 1,300 advisors.

By Steve Randall
With yields above 5%, is it safe to buy bonds again?
RIAS RIA NEWS OCT 27, 2023
With yields above 5%, is it safe to buy bonds again?

Despite potential of more pain to come, investors may decide the time is right.

By Bloomberg
‘10 Surprises’ strategist Byron Wien dies at 90
RIAS RIA NEWS OCT 27, 2023
‘10 Surprises’ strategist Byron Wien dies at 90

The influential Wall Street legend was most recently with Blackstone.

By Bloomberg
Most Americans have sidelined their emergency savings this year, Bankrate says
RIAS RIA NEWS OCT 27, 2023
Most Americans have sidelined their emergency savings this year, Bankrate says

Many people have dipped into their rainy day fund due to the cost of living.

By Steve Randall
‘Impact investing goes deeper than trendy ESG funds’  
RIAS RIA NEWS OCT 26, 2023
‘Impact investing goes deeper than trendy ESG funds’  

Michael Reynolds, whose Indiana-based RIA specializes in ESG investing, explains how he navigates greenwashing and what advisors can do to market themselves more effectively.

By InvestmentNews
Ameriprise sees impressive growth in third quarter
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 26, 2023
Ameriprise sees impressive growth in third quarter

Client assets are up 15%, while cash sweep and certificate balances are down $5.8 billion from the year-ago period.

By Josh Welsh
SMAs outpace mutual funds for wealthier clients, report shows
RIAS RIA NEWS OCT 26, 2023
SMAs outpace mutual funds for wealthier clients, report shows

Interest in separately managed accounts goes along with greater use of taxable accounts, according to Hearts & Wallets.

By Emile Hallez
Collapsed crypto exchange founder in court Thursday
RIAS RIA NEWS OCT 26, 2023
Collapsed crypto exchange founder in court Thursday

Bankman-Fried to take the stand in courtroom climax.

By Bloomberg
Medical care costs adds to pain for working-age Americans
RIAS RIA NEWS OCT 26, 2023
Medical care costs adds to pain for working-age Americans

More than half found paying for healthcare difficult in 2023.

By Bloomberg
Why bitcoin ETF approval could spark profit taking
RIAS RIA NEWS OCT 26, 2023
Why bitcoin ETF approval could spark profit taking

While the markets await an SEC green light, the crypto is gaining for now.

By Bloomberg
JPMorgan appoints new M&A leaders for PE-focused unit
RIAS RIA NEWS OCT 26, 2023
JPMorgan appoints new M&A leaders for PE-focused unit

The duo will lead the bank's strategic investor group.

By Bloomberg
New carbon rules may wipe out investor value, warns $220B firm
RIAS RIA NEWS OCT 26, 2023
New carbon rules may wipe out investor value, warns $220B firm

Enhanced carbon offset reporting may decimate value of some projects.

By Bloomberg
More tech coming for Schwab advisors
RIAS RIA NEWS OCT 25, 2023
More tech coming for Schwab advisors

The process of moving TD RIAs onto Schwab's platform was 'imperfect,' says CEO Walt Bettinger.

By Bruce Kelly
Last week to nominate the best advisors
RIAS RIA NEWS OCT 25, 2023
Last week to nominate the best advisors

InvestmentNews’ inaugural Top Advisors is closing this Friday.

By InvestmentNews
BlackRock agrees to pay $2.5M to settle SEC probe into entertainment investments
RIAS RIA NEWS OCT 25, 2023
BlackRock agrees to pay $2.5M to settle SEC probe into entertainment investments

Wealth management titan charged with failing to accurately describe investments.

By Steve Randall
LPL’s employee channel gains $200M Stifel advisor to launch new office
RIAS RIA NEWS OCT 25, 2023
LPL’s employee channel gains $200M Stifel advisor to launch new office

Advisor and client services associate are focused on complex needs of HNW clients.

By Steve Randall
US stocks slide after mixed tech earnings, but is a rally ahead?
RIAS RIA NEWS OCT 25, 2023
US stocks slide after mixed tech earnings, but is a rally ahead?

Microsoft and Alphabet were the big reports pre-market, with Amazon and Meta ahead.

By Bloomberg
Mideast war may harm foreign investment in wider region says IMF
RIAS RIA NEWS OCT 25, 2023
Mideast war may harm foreign investment in wider region says IMF

Israel-Hamas conflict could have greater financial implications for the region.

By Bloomberg