RIA News

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Options traders brace for turbulent yen trading
RIAS RIA NEWS OCT 19, 2023
Options traders brace for turbulent yen trading

Speculation growing of intervention to support weakening currency.

By Bloomberg
Fortress raises second litigation financing fund
RIAS RIA NEWS OCT 19, 2023
Fortress raises second litigation financing fund

New York firm has already deployed $6B into the investment strategy.

By Bloomberg
Dan Wiener steps back from the $15B RIA he co-founded
RIAS RIA NEWS OCT 18, 2023
Dan Wiener steps back from the $15B RIA he co-founded

A focus on Vanguard led to a long-running independent newsletter and then a successful RIA.

By Emile Hallez
Beacon Pointe adds $2 billion team from UBS
RIAS RIA NEWS OCT 18, 2023
Beacon Pointe adds $2 billion team from UBS

Russell Crow and William Diehl head the Dallas-based group.

By InvestmentNews
Horse racing principles guide $265M team to independence with LPL
RIAS RIA NEWS OCT 18, 2023
Horse racing principles guide $265M team to independence with LPL

The independent firm operates in Pennsylvania and New Hampshire.

By Steve Randall
North Carolina advisor takes $140M practice to Raymond James
RIAS RIA NEWS OCT 18, 2023
North Carolina advisor takes $140M practice to Raymond James

The advisor joins the firm's independent channel from Edward Jones.

By Steve Randall
Citadel, ASA sue SEC over trading data changes
RIAS RIA NEWS OCT 18, 2023
Citadel, ASA sue SEC over trading data changes

The firm and trade association petitioned the court regarding the Consolidated Audit Trail.

By Bloomberg
Stock market rally at risk from geopolitics, says Goldman Sachs
RIAS RIA NEWS OCT 18, 2023
Stock market rally at risk from geopolitics, says Goldman Sachs

Strategists warn that further escalation could derail growth.

By Bloomberg
Gold at four-week high as investors seek havens
RIAS RIA NEWS OCT 18, 2023
Gold at four-week high as investors seek havens

Middle East conflict is intensifying demand for safer investments.

By Bloomberg
Health insurance premiums have spiked to $24K
RIAS RIA NEWS OCT 18, 2023
Health insurance premiums have spiked to $24K

Survey reveals 7% jump in costs for US families compared to just 1% last year.

By Bloomberg
UBS joins Chinese lenders drawn into $2B money laundering probe
RIAS RIA NEWS OCT 18, 2023
UBS joins Chinese lenders drawn into $2B money laundering probe

Alleged gambling ring arrests have sparked police investigation into where the profits were stored.

By Bloomberg
Bank of America sees decline in income for wealth group
ADVISOR NEWS WIREHOUSES OCT 17, 2023
Bank of America sees decline in income for wealth group

CEO Brian Moynihan calls the wealth management group 'the least efficient business in the platform.'

By Bruce Kelly
Mercer acquires $630M North Carolina RIA
RIAS RIA NEWS OCT 17, 2023
Mercer acquires $630M North Carolina RIA

Charlotte-based Kingfisher Capital was founded in 1989.

By InvestmentNews
Investors turning more bearish on the market, more optimistic on the economy
RIAS RIA NEWS OCT 17, 2023
Investors turning more bearish on the market, more optimistic on the economy

Morgan Stanley survey takes the pulse of US investors.

By Steve Randall
Bitcoin up 10% as investors weigh potential ETF green light
RIAS RIA NEWS OCT 17, 2023
Bitcoin up 10% as investors weigh potential ETF green light

A false report claimed that the SEC had approved BlackRock's spot ETF application.

By Bloomberg
JPMorgan breaks 2-year green bond freeze with $7B sale
RIAS RIA NEWS OCT 17, 2023
JPMorgan breaks 2-year green bond freeze with $7B sale

Green bond sales have surged in 2023.

By Bloomberg
Retail rebound? Holiday season spending to grow, says Deloitte
RIAS RIA NEWS OCT 17, 2023
Retail rebound? Holiday season spending to grow, says Deloitte

The firm sees a 14% jump but middle-income consumers may be constrained.

By Bloomberg
Banker loses unfair dismissal case after sandwich expenses claim goes bad
RIAS RIA NEWS OCT 17, 2023
Banker loses unfair dismissal case after sandwich expenses claim goes bad

Fired employee claimed expenses for his partner’s meal against company rules.

By Steve Randall
Duran’s Rise Growth hires Terri Kallsen as managing partner
RIAS RIA NEWS OCT 16, 2023
Duran’s Rise Growth hires Terri Kallsen as managing partner

Kallsen most recently served as COO of Wealth Enhancement Group.

By InvestmentNews
Schwab net interest revenue drops 24% as clients move cash
RIAS RIA NEWS OCT 16, 2023
Schwab net interest revenue drops 24% as clients move cash

The Fed's rate hikes have pressured Schwab's banking arm by encouraging some clients to shift money from the bank to other investment products.

By Bloomberg