RIA News

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Cetera deal for Avantax shows boom continues for wealth management assets
INDEPENDENT BROKER DEALERS SEP 13, 2023
Cetera deal for Avantax shows boom continues for wealth management assets

The price tag Cetera paid for Avantax was 180% of its revenues last year, an unthinkable sum for a broker-dealer just a few years ago.

By Bruce Kelly
August CPI pushes 2024 COLA forecast up 3.2%
RETIREMENT PLANNING SEP 13, 2023
August CPI pushes 2024 COLA forecast up 3.2%

The resulting increase would raise the average monthly retiree benefit of $1,790 by $57.30.

By Gregg Greenberg
U.S. lags globally on retirement due to health, quality of life issues
RETIREMENT PLANNING SEP 13, 2023
U.S. lags globally on retirement due to health, quality of life issues

Academics suggest improvements to the savings system and restoring the solvency of Social Security.

By Emile Hallez
Why millionaires value their advisors for their long-term financial planning
RIA NEWS SEP 13, 2023
Why millionaires value their advisors for their long-term financial planning

But for those without a plan, running out of retirement savings is concerning.

By Steve Randall
US futures steady as CPI data is awaited
RIA NEWS SEP 13, 2023
US futures steady as CPI data is awaited

Official stats released Wednesday with further key data later.

By Bloomberg
Binance US CEO exits as firm slashes headcount
RIA NEWS SEP 13, 2023
Binance US CEO exits as firm slashes headcount

Regulatory crackdown adds to Miami-based firm's challenges.

By Bloomberg
Fund managers warning to semiconductor investors
RIA NEWS SEP 13, 2023
Fund managers warning to semiconductor investors

Industry requires large volumes of water, that's concerning.

By Bloomberg
Can AI detect misconduct by rogue traders?
RIA NEWS SEP 13, 2023
Can AI detect misconduct by rogue traders?

Deutsche Bank is testing tools that could detect wrongdoing.

By Bloomberg
Why are Americans snapping up Scotland's high-end homes?
RIA NEWS SEP 13, 2023
Why are Americans snapping up Scotland's high-end homes?

Real estate firm reports surge in buyers from the US.

By Bloomberg
SEC Chair Gensler fires back at GOP critics
FINTECH SEP 12, 2023
SEC Chair Gensler fires back at GOP critics

Leader accused of proposing regulations that are ‘sowing discord and confusion.'

By Mark Schoeff Jr.
Jamie Hopkins to leave Carson Group
RIA NEWS SEP 12, 2023
Jamie Hopkins to leave Carson Group

We'll miss his leadership and passion for profession, says RIA

By Josh Welsh
Does low knowledge of annuities help explain low adoption among advisors?
OPINION SEP 12, 2023
Does low knowledge of annuities help explain low adoption among advisors?

As advisors' knowledge about annuities increases, so does their perception of these products.

By David Blanchett
Homrich Berg announces C-suite change
RIA NEWS SEP 12, 2023
Homrich Berg announces C-suite change

Thomas Carroll to replace Andy Berg at the RIA's helm in 2024.

By Josh Welsh
US may dodge recession but concerns remain, say bank chief economists
RIA NEWS SEP 12, 2023
US may dodge recession but concerns remain, say bank chief economists

American Bankers Association expert panel expects growth, but at a slower pace than we've had so far in 2023.

By Steve Randall
Father-son financial advisors launch Climer Wealth Management Group
INDEPENDENT BROKER DEALERS SEP 12, 2023
Father-son financial advisors launch Climer Wealth Management Group

Michael and Wes Climer join Linsco by LPL Financial from Wells Fargo.

By Josh Welsh
VettaFi acquisition will enhance indexing capabilities for asset managers
RIA NEWS SEP 12, 2023
VettaFi acquisition will enhance indexing capabilities for asset managers

The deal brings new custom indexing design expertise to the business.

By Lauren Johnson
Judge orders high-stakes Feinstein family feud out of court
RETIREMENT PLANNING SEP 12, 2023
Judge orders high-stakes Feinstein family feud out of court

The case involving the US senator will now move to private mediation.

By Bloomberg
Global interest rates set to remain higher for longer
RIA NEWS SEP 12, 2023
Global interest rates set to remain higher for longer

Seven major economies will decide rates moves in the next week or so.

By Bloomberg
Joe Duran details his next venture at Future Proof
RIA NEWS SEP 11, 2023
Joe Duran details his next venture at Future Proof

Entrepreneur says Rise Growth, a firm that will provide funding and strategies for the next generation of national RIAs, will launch in 2024.

By Ryan W. Neal
Barclays analyst latest to give LPL Financial shares room to run
INDEPENDENT BROKER DEALERS SEP 11, 2023
Barclays analyst latest to give LPL Financial shares room to run

Barclays set a price target of $275 per share as it initiated coverage of LPL.

By Bruce Kelly