RIA News

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Fed set to hike rates to 22-year high today, experts give their views
ADVISOR NEWS REGULATION AND LEGISLATION JUL 26, 2023
Fed set to hike rates to 22-year high today, experts give their views

The Federal Reserve will make the announcement at 2 p.m. ET and markets are expecting another increase.

By Steve Randall
Lenders announce merger as shockwaves from SVB collapse rumble on
RIAS RIA NEWS JUL 26, 2023
Lenders announce merger as shockwaves from SVB collapse rumble on

Two California-based banks reach agreement.

By Matthew Sellers
Osaic gains $250M advisor team, its first since rebrand from Advisor Group
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 26, 2023
Osaic gains $250M advisor team, its first since rebrand from Advisor Group

The firm has welcomed a team from Walnut Creek, California, that was previously with Cetera Advisors.

By Steve Randall
Markets stall ahead of Fed rate call
RIAS RIA NEWS JUL 26, 2023
Markets stall ahead of Fed rate call

But hopes of a soft landing bolstered by latest consumer confidence figures.

By Bloomberg
Why AI will hurt women's income more than men
RIAS RIA NEWS JUL 26, 2023
Why AI will hurt women's income more than men

McKinsey report warns that women are more likely to need to change occupation than men as automation intensifies in the coming years.

By Bloomberg
LPL acquiring California broker-dealer with 260 advisors
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 25, 2023
LPL acquiring California broker-dealer with 260 advisors

Crown Capital CEO Darol Paulsen says shared philosophy with LPL will help its advisors spend more time with clients.

By Bruce Kelly
Annuities selling at record level as clients look for growth and buffers
INVESTING LIFE INSURANCE AND ANNUITIES JUL 25, 2023
Annuities selling at record level as clients look for growth and buffers

Total sales are up 28% in the first half, with RILAs and fixed annuities rising, according to Limra.

By Emile Hallez
Advisors find rewards in pro bono work
RIAS PRACTICE MANAGEMENT JUL 25, 2023
Advisors find rewards in pro bono work

From teaching inmates financial literacy to working with divorced women, CFP Board's initiative is resonating with advisors.

By Mark Schoeff Jr.
Deadline set for broker-dealer merger with SPAC
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 25, 2023
Deadline set for broker-dealer merger with SPAC

The deal between broker-dealer aggregator Wentworth and Kingswood SPAC must be completed by late November.

By Bruce Kelly
AdvicePay hires new CEO to succeed Alan Moore
RIAS RIA NEWS JUL 25, 2023
AdvicePay hires new CEO to succeed Alan Moore

The payment platform brings on fintech veteran Alex Sauickie, who plans to help expand services to banks and broker-dealers.

By Jeff Benjamin
How advisors rein in overly bullish clients
INVESTING EQUITIES JUL 25, 2023
How advisors rein in overly bullish clients

Brother, can you spare an AI stock? Advisors talk speculation and the bull market.

By Gregg Greenberg
US alternative asset manager to boost AUM by $4B with private markets acquisition
INVESTING ALTERNATIVES JUL 25, 2023
US alternative asset manager to boost AUM by $4B with private markets acquisition

HighVista Strategies is acquiring the US private markets business of abrdn Inc.

By Steve Randall
Awaiting the Fed: Traders cautious ahead of rate decision
ADVISOR NEWS REGULATION AND LEGISLATION JUL 25, 2023
Awaiting the Fed: Traders cautious ahead of rate decision

Earnings are also in sharp focus as more of the world's largest corporations reveal results.

By Bloomberg
JPMorgan, Citi under fire for funding fossil fuels in the Amazon
RIAS RIA NEWS JUL 25, 2023
JPMorgan, Citi under fire for funding fossil fuels in the Amazon

New report reveals the banks that are the biggest funders of oil and gas exploration in the world's largest rainforest.

By Bloomberg
Investors want crypto custodians and Wall Street wants a slice of that
INVESTING ALTERNATIVES JUL 25, 2023
Investors want crypto custodians and Wall Street wants a slice of that

Demand for third-party custodian services for digital assets is heating up following the FTX exchange collapse.

By Bloomberg
Morgan Stanley files for next round of ETFs
ADVISOR NEWS WIREHOUSES JUL 24, 2023
Morgan Stanley files for next round of ETFs

The firm is launching three fixed-income exchange-traded funds bearing the Eaton Vance name, in addition to a Parametric ETF.

By Bloomberg
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital
RIAS RIA NEWS JUL 24, 2023
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital

Naratil, a 39-year veteran of UBS, last fall stepped down from his senior roles at the wirehouse.

By Bruce Kelly
Goldman Sachs attracts Creative Planning to its RIA custody business
RIAS RIA NEWS JUL 24, 2023
Goldman Sachs attracts Creative Planning to its RIA custody business

With $210 billion in AUM, Creative Planning marks one of the largest RIAs to join Goldman's custodian.

By Ryan W. Neal
Cetera sees 9% of Securian advisors bolt after acquisition
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 24, 2023
Cetera sees 9% of Securian advisors bolt after acquisition

Meanwhile, Cetera is offering tailored retention bonuses to Securian advisors who manage offices.

By Bruce Kelly
UBS to pay $387M in fines linked to Credit Suisse's dealings with Archegos
ADVISOR NEWS WIREHOUSES JUL 24, 2023
UBS to pay $387M in fines linked to Credit Suisse's dealings with Archegos

The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.

By Bloomberg