RIA News

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UBS to set out US growth plan, but not until early 2024
ADVISOR NEWS WIREHOUSES SEP 19, 2023
UBS to set out US growth plan, but not until early 2024

Diversified revenue streams and Credit Suisse integration are key components.

By Bloomberg
High-yield debt issuance to accelerate, says BlackRock
INVESTING FIXED INCOME SEP 19, 2023
High-yield debt issuance to accelerate, says BlackRock

Global issuance for leveraged loans and high-yield bonds jumped to over $40 billion this month.

By Bloomberg
Citigroup launches digital token service
INVESTING ALTERNATIVES SEP 19, 2023
Citigroup launches digital token service

The firm is widening its digital assets offering to institutional investors.

By Bloomberg
Morgan Stanley sued for $750M by private equity firms claiming fraud
ADVISOR NEWS WIREHOUSES SEP 18, 2023
Morgan Stanley sued for $750M by private equity firms claiming fraud

The disputed deal involved a loan to Miami-based Brightline Holdings, which is developing a high-speed rail line between Los Angeles and Las Vegas.

By Bloomberg
LPL adds $1.2 billion pair from Morgan Stanley
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 18, 2023
LPL adds $1.2 billion pair from Morgan Stanley

The California-based father-son team cite LPL’s resources for serving high-net-worth clients.

By InvestmentNews
Commonwealth adds Avantax team overseeing $223M
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 18, 2023
Commonwealth adds Avantax team overseeing $223M

Waukesha, Wisconsin-based R&R Wealth aims to reach $1 billion in assets in next four years.

By InvestmentNews
Advisory team leaves Wells Fargo for Raymond James
RIAS RIA NEWS SEP 18, 2023
Advisory team leaves Wells Fargo for Raymond James

Team managed more than $170 million and say move will fuel their business.

By Josh Welsh
What you need to know for the week ahead
RIAS RIA NEWS SEP 18, 2023
What you need to know for the week ahead

Cheap IPOs, home prices and what's the Fed going to do?

By Matthew Sellers
Citi takes significant step in revolutionizing the global bond market
INVESTING FIXED INCOME SEP 18, 2023
Citi takes significant step in revolutionizing the global bond market

Wall Street firm says it is investing in the future of digital financial market infrastructure.

By Steve Randall
Markets prep for big week of rates, data
RIAS RIA NEWS SEP 18, 2023
Markets prep for big week of rates, data

US, Japan, UK rates among key events this week.

By Bloomberg
2024 to be a tough one for equities, says Morgan Stanley
INVESTING EQUITIES SEP 18, 2023
2024 to be a tough one for equities, says Morgan Stanley

Bearish strategist Michael Wilson sees challenging times ahead for riak assets.

By Bloomberg
Can investors still rely on strategists?
RIAS RIA NEWS SEP 18, 2023
Can investors still rely on strategists?

Many have been forced to admit they got forecasts wrong in 2023.

By Bloomberg
How to win with EMs right now
RIAS RIA NEWS SEP 18, 2023
How to win with EMs right now

A winning strategy for emerging market investing is becoming clearer.

By Bloomberg
Credit Suisse, BofA debt swaps under scrutiny
RIAS RIA NEWS SEP 18, 2023
Credit Suisse, BofA debt swaps under scrutiny

Probe will consider if bond deals amount to 'bluewashing'.

By Bloomberg
SEC regulations give 'short shrift' to potential cost for small advisors
RIAS RIA NEWS SEP 15, 2023
SEC regulations give 'short shrift' to potential cost for small advisors

Investment Adviser Association files petition pushing agency to make number of staff, not AUM, the deciding factor in defining a firm as 'small.'

By Mark Schoeff Jr.
No office, no asset minimum, no problem
RIAS PRACTICE MANAGEMENT SEP 15, 2023
No office, no asset minimum, no problem

Valkyrie Financial's Sarah Paulson wants to help fellow millennials and empower women.

By Emile Hallez
Build your network to scale your growth
RIAS RIA NEWS SEP 15, 2023
Build your network to scale your growth

InvestmentNews Women to Watch judge and CEO of Girls Who Invest explains how she helps women enter the field of asset management.

By Manal Ali
Schwab says TD integration depressed client inflows
RIAS RIA NEWS SEP 15, 2023
Schwab says TD integration depressed client inflows

Firm's new money in August 'temporarily impacted by asset attrition from clients originating at Ameritrade,' CFO says in a statement.

By Bloomberg
Diverse Americans are returning to financial advisors for retirement planning
ADVISOR NEWS RETIREMENT PLANNING SEP 15, 2023
Diverse Americans are returning to financial advisors for retirement planning

But there is still a belief among many Americans that financial advisors cost too much.

By Steve Randall
Fractional shares are back: Wells Fargo launches Stock Fractions
RIAS RIA NEWS SEP 15, 2023
Fractional shares are back: Wells Fargo launches Stock Fractions

WellsTrade clients can start investing for as little as $10.

By Josh Welsh