RIA News

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UBS plans cost cuts after $29B Credit Suisse windfall
ADVISOR NEWS WIREHOUSES AUG 31, 2023
UBS plans cost cuts after $29B Credit Suisse windfall

The firm is targeting 3,000 domestic job cuts and more than $10 billion in cost savings.

By Bloomberg
UBS just smashed JPMorgan's record for quarterly bank profit
ADVISOR NEWS WIREHOUSES AUG 31, 2023
UBS just smashed JPMorgan's record for quarterly bank profit

Global firm's wealth management unit was among its star performers.

By Steve Randall
State Street investor confidence index posts biggest jump in 18 months
RIAS RIA NEWS AUG 31, 2023
State Street investor confidence index posts biggest jump in 18 months

The Americas lead gains across all regions as risk appetite grows.

By Steve Randall
Stocks gain as investors take 'bad news is good news' approach
RIAS RIA NEWS AUG 31, 2023
Stocks gain as investors take 'bad news is good news' approach

Traders are hoping weaker data will stall the Fed's aggressive monetary policy.

By Bloomberg
Why traders are ditching the euro
RIAS RIA NEWS AUG 31, 2023
Why traders are ditching the euro

The eurozone economy continues to struggle with inflationary pressures.

By Bloomberg
Portfolio Advisors partners with global investment firm for private markets offering
INVESTING ALTERNATIVES AUG 31, 2023
Portfolio Advisors partners with global investment firm for private markets offering

The Connecticut-headquartered firm will help its partner to extend its offering for selected wealth management clients.

By Steve Randall
Engage with what scares you — it’ll grow your business
RESOURCES WOMEN ADVISOR COMMUNITY AUG 30, 2023
Engage with what scares you — it’ll grow your business

Sheryl Hickerson, CEO of Females & Finance and judge for the upcoming InvestmentNews Women to Watch Awards, explains how to make the most of your conference experience.

By Manal Ali
What kind of relationship do you and your acquirer have?
RIAS RIA NEWS AUG 30, 2023
What kind of relationship do you and your acquirer have?

What's becoming evident is how tricky it is for wealth management firms to make the right match.

By Bruce Kelly
LPL snaps up advisory team with $350 million in assets
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 30, 2023
LPL snaps up advisory team with $350 million in assets

The Scottsdale, Arizona-based duo, who have a combined four decades of wealth management experience, join from Valic Financial Advisors

By Lauren Johnson
Raymond James adds $335M team from Edward Jones
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 30, 2023
Raymond James adds $335M team from Edward Jones

Indiana-based Pendill Wealth Management has offices in Bloomington and Mooresville.

By InvestmentNews
Be recognized as one of the industry’s 'hottest'
RIAS RIA NEWS AUG 30, 2023
Be recognized as one of the industry’s 'hottest'

Don’t miss the chance to be featured in InvestmentNews’ inaugural Hot List showcase.

By InvestmentNews
Think twice: The cost of being out of the market
ADVISOR NEWS OPINION AUG 30, 2023
Think twice: The cost of being out of the market

Some investors mistakenly believe they can achieve superior results by trying to time the market, but this approach inevitably leads to missed opportunities.

By Arun Bharath
RIA with $950M AUM to join Pensionmark amid wealth management growth
RIAS RIA NEWS AUG 30, 2023
RIA with $950M AUM to join Pensionmark amid wealth management growth

World Insurance Associates' retirement specialists unit is growing its national footprint and wealth management focus.

By Steve Randall
Stratos hires experienced wealth management exec as chief operating officer
RIAS PRACTICE MANAGEMENT AUG 30, 2023
Stratos hires experienced wealth management exec as chief operating officer

The firm is moving into a new phase of growth and has hired a former LPL, Citi, and Capital One leader.

By Steve Randall
Citigroup to pay $2.9M to settle SEC underwriting probe
ADVISOR NEWS REGULATION AND LEGISLATION AUG 30, 2023
Citigroup to pay $2.9M to settle SEC underwriting probe

The regulator alleged the firm's global markets unit had flawed underwriting processes for securities offerings.

By Bloomberg
Bitcoin fund behemoth surges after ETF court ruling
INVESTING ALTERNATIVES AUG 30, 2023
Bitcoin fund behemoth surges after ETF court ruling

Grayscale's win against the SEC has boosted the prospect of spot Bitcoin ETFs.

By Bloomberg
History suggests the dollar is about to rise
RIAS RIA NEWS AUG 30, 2023
History suggests the dollar is about to rise

The greenback has strengthened in each of the past 6 Septembers.

By Bloomberg
Hedge funds are expanding basis trades, data suggests
RIAS RIA NEWS AUG 30, 2023
Hedge funds are expanding basis trades, data suggests

Surge in short sales of US Treasury futures hints at a return of the tactic.

By Bloomberg
More low-income Americans are skipping meals, missing rent
RIAS RIA NEWS AUG 30, 2023
More low-income Americans are skipping meals, missing rent

The cost-of-living crisis is biting hard in America's poorest households.

By Bloomberg
Countering the counterfeits: How to spot a fake Prada
RIAS RIA NEWS AUG 30, 2023
Countering the counterfeits: How to spot a fake Prada

Blockchain tech is being used in the battle against fake luxury products.

By Bloomberg