RIA News

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Former CEO of failed crypto exchange FTX in custody
RIA NEWS AUG 14, 2023
Former CEO of failed crypto exchange FTX in custody

Sam Bankman-Fried's bail was revoked for alleged witness tampering.

By Bloomberg
UNest enters financial advisor marketplace with Wealthtender partnership
FINTECH AUG 11, 2023
UNest enters financial advisor marketplace with Wealthtender partnership

The startup has raised more than $40 million but until now has only gone directly to consumers.

By Ryan W. Neal
Jeff Rosenberger and Guideline's mission to provide 401(k)s to small businesses
RETIREMENT PLANNING AUG 11, 2023
Jeff Rosenberger and Guideline's mission to provide 401(k)s to small businesses

The digital record keeper now has $9 billion in AUM across 40,000 customers.

By Ryan W. Neal
Goodbye, Royal Alliance. Hello, Osaic Wealth
RIA NEWS AUG 11, 2023
Goodbye, Royal Alliance. Hello, Osaic Wealth

The Royal Alliance name and brand had been around since 1989.

By Bruce Kelly
Edward Jones head count, assets grow in second quarter
PRACTICE MANAGEMENT AUG 11, 2023
Edward Jones head count, assets grow in second quarter

The firm said it is up 42 financial advisors compared to the first quarter.

By Gregg Greenberg
Real estate surges to new record value
PRACTICE MANAGEMENT AUG 11, 2023
Real estate surges to new record value

But not everyone is a winner – and here’s why.

By Matthew Sellers
Schwab invests in next generation of investment advisor talent
PRACTICE MANAGEMENT AUG 11, 2023
Schwab invests in next generation of investment advisor talent

Firm announces its next round of scholarships for those aiming to become RIAs.

By Steve Randall
Equities provided institutions with a 2.3% median return in second quarter
EQUITIES AUG 11, 2023
Equities provided institutions with a 2.3% median return in second quarter

Northern Trust research shows that tech sector stocks, especially AI, were among the winners.

By Steve Randall
Cooling inflation points to 3% Social Security COLA for 2024
RETIREMENT PLANNING AUG 10, 2023
Cooling inflation points to 3% Social Security COLA for 2024

While prices for some essentials continue to increase, it's likely that the cost-of-living adjustment will be much lower than 2023's.

By Emile Hallez
Cetera closes deal for Securian wealth business
INDEPENDENT BROKER DEALERS AUG 10, 2023
Cetera closes deal for Securian wealth business

The acquisition brings Cetera nearly $50 billion in client assets and more than 91% of Securian’s advisors.

By InvestmentNews
CI Financial continues US office consolidation
RIA NEWS AUG 10, 2023
CI Financial continues US office consolidation

Toronto-based CI says it will combine offices in Boston, Chicago and Miami, in addition to the New York office move it announced earlier this year.

By Bruce Kelly
Vanguard Charitable notches year of record giving despite market turmoil
RETIREMENT PLANNING AUG 10, 2023
Vanguard Charitable notches year of record giving despite market turmoil

In fiscal 2023, grants were up 11%, surpassing $2 billion, according to the sponsor of donor-advised funds.

By Gregg Greenberg
In CEO race, Morgan Stanley hopes for drama-free handoff
PRACTICE MANAGEMENT AUG 10, 2023
In CEO race, Morgan Stanley hopes for drama-free handoff

Outgoing CEO Gorman wants an outcome in which the rejected finalists stay with the firm.

By Bloomberg
Former school teacher joins LPL Financial's employee advisor channel
INDEPENDENT BROKER DEALERS AUG 10, 2023
Former school teacher joins LPL Financial's employee advisor channel

Brendan Wood has managed approximately $130M in assets, most recently with Merrill Lynch.

By Steve Randall
Pension fund shareholder suit against Dimon, JPMorgan Chase board fails
RETIREMENT PLANNING AUG 10, 2023
Pension fund shareholder suit against Dimon, JPMorgan Chase board fails

Judge rules on Epstein-related lawsuit.

By Matthew Sellers
Integrated Partners welcomes $225M Colorado RIA as an affiliate partner
RIA NEWS AUG 10, 2023
Integrated Partners welcomes $225M Colorado RIA as an affiliate partner

PRISM Financial Strategies has a specific niche serving the unique wealth management and advisory needs of women.

By Steve Randall
Eyes on US inflation data, commodity prices rise
RIA NEWS AUG 10, 2023
Eyes on US inflation data, commodity prices rise

Treasuries flat while global stocks gain in early trading Thursday.

By Bloomberg
Pimco parent profit gains but not from asset management
LIFE INSURANCE AND ANNUITIES AUG 10, 2023
Pimco parent profit gains but not from asset management

Allianz SE's insurance business earnings offset weakness for asset management which includes Allianz Global Investors.

By Bloomberg
US venture capitalists gain greater access to China
RIA NEWS AUG 10, 2023
US venture capitalists gain greater access to China

Biden administration imposes only light curbs on money flow.

By Bloomberg
Nuveen and TIAA roll out target-date series with annuity feature
RETIREMENT PLANNING AUG 09, 2023
Nuveen and TIAA roll out target-date series with annuity feature

Few 401(k) plans have such features, but product providers expect that to change.

By Emile Hallez