RIA News

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Fed may have to hike again, says JPMorgan chief
RIA NEWS SEP 21, 2023
Fed may have to hike again, says JPMorgan chief

Jamie Dimon says the central bank was "a day late and a dollar short" in beginning hikes and may have to do more.

By Bloomberg
Bond traders expect higher yields after Fed signals
RIA NEWS SEP 21, 2023
Bond traders expect higher yields after Fed signals

Short-term underperformance should be expected.

By Bloomberg
Investors urge policymakers to aid $275T for net zero
RIA NEWS SEP 21, 2023
Investors urge policymakers to aid $275T for net zero

Influential group says barriers to investment in clean energy must be removed.

By Bloomberg
Value shares are popular again on global markets
RIA NEWS SEP 21, 2023
Value shares are popular again on global markets

The quant trade was big news in 2022 but this time things are a bit different.

By Bloomberg
Don't expect another bull run anytime soon, says Morgan Stanley strategist
EQUITIES SEP 20, 2023
Don't expect another bull run anytime soon, says Morgan Stanley strategist

'We really hit a wall at the end of July, and that's when the market really put in its year-to-date highs,' says Lisa Shalett.

By Gregg Greenberg
UBS advisor managing $435M moves to RBC Wealth Management
WIREHOUSES SEP 20, 2023
UBS advisor managing $435M moves to RBC Wealth Management

Marin County, California-based Brian Wells has 25 years of experience.

By InvestmentNews
Fed reveals latest rate decision, signals one more hike this year
RIA NEWS SEP 20, 2023
Fed reveals latest rate decision, signals one more hike this year

Updated projections show that 12 of 19 officials favor another rate hike this year and that Fed officials also see less easing next year.

By Bloomberg
Goldman Sachs to back further away from consumers
RIA NEWS SEP 20, 2023
Goldman Sachs to back further away from consumers

Half-billion-dollar sale will see financial giant take a billion-dollar hit.

By Matthew Sellers
Edward Jones welcomes back $167M advisor who began his career with the firm
INDEPENDENT BROKER DEALERS SEP 20, 2023
Edward Jones welcomes back $167M advisor who began his career with the firm

The Seattle-based advisor will focus on retirement plans.

By Steve Randall
US retirement outlook has improved, but there's a problem
RIA NEWS SEP 20, 2023
US retirement outlook has improved, but there's a problem

Despite more Americans saving larger amounts for their retirement, goals may be upended.

By Steve Randall
One more Fed hike? Pimco sees an elevated chance
RIA NEWS SEP 20, 2023
One more Fed hike? Pimco sees an elevated chance

Fed to announce latest rate decision Wednesday.

By Bloomberg
New York firm accused of $7B unregistered trading for Russian
RIA NEWS SEP 20, 2023
New York firm accused of $7B unregistered trading for Russian

SEC lawsuit claims the firm invested in US securities market with no regulatory oversight.

By Bloomberg
BofA strategist boosts S&P 500 target to 4,600
RIA NEWS SEP 20, 2023
BofA strategist boosts S&P 500 target to 4,600

Year-end gain would be around 3.5% from Tuesday close.

By Bloomberg
How options traders are prepping for 'higher for longer' rates
RIA NEWS SEP 20, 2023
How options traders are prepping for 'higher for longer' rates

Traders are seeking protection from higher rates ahead of the Fed's latest decision.

By Bloomberg
Japan could intervene to protect yen if Fed hikes
RIA NEWS SEP 20, 2023
Japan could intervene to protect yen if Fed hikes

But Janet Yellen says it should not aim to impact exchange rate.

By Bloomberg
Carlyle takes stake in Captrust
RIA NEWS SEP 19, 2023
Carlyle takes stake in Captrust

After GTCR's 2020 deal for a portion of the RIA, additional private equity money will help the firm continue its buying streak.

By Emile Hallez
Debt-financed M&A may push firms to shed assets: Tibergien
INDEPENDENT BROKER DEALERS SEP 19, 2023
Debt-financed M&A may push firms to shed assets: Tibergien

Following Cetera's announcement that it was going to buy Avantax, two ratings agencies put the debt of Cetera's parent, Aretec Group Inc., on review.

By Bruce Kelly
Wells Fargo advisor managing $175M jumps to LPL
INDEPENDENT BROKER DEALERS SEP 19, 2023
Wells Fargo advisor managing $175M jumps to LPL

Aaron Cizon is launching Cizon Group Wealth Management in Greenville, South Carolina.

By InvestmentNews
Carson Group's Jamie Hopkins joining Bryn Mawr Trust
RIA NEWS SEP 19, 2023
Carson Group's Jamie Hopkins joining Bryn Mawr Trust

‘My personal mission is to enhance the financial security of Americans,’ says Hopkins, who will serve as the firm's director of private wealth management.

By InvestmentNews
'Financial vortex' threatens undersaved workers, Goldman says
RETIREMENT PLANNING SEP 19, 2023
'Financial vortex' threatens undersaved workers, Goldman says

Report shows financial challenges could reduce US workers' retirement savings by up to 37% over the coming years.

By Gregg Greenberg