RIA News

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401(k) millionaires stage comeback in Q2 with market gains
RETIREMENT PLANNING AUG 17, 2023
401(k) millionaires stage comeback in Q2 with market gains

This year's double-digit gains in the S&P 500 have helped swell retirement balances, Fidelity says.

By Bloomberg
Frustrated large RIAs want more from custodians
RIA NEWS AUG 17, 2023
Frustrated large RIAs want more from custodians

In a poll of 29 firms representing a collective $6 trillion in assets, fewer than half reported feeling satisfied with native tools.

By Ryan W. Neal
Ex-Wells chief Kowach wants 100 advisors at new firm &Partners
PRACTICE MANAGEMENT AUG 17, 2023
Ex-Wells chief Kowach wants 100 advisors at new firm &Partners

The new firm's pay 'is significantly enhanced from the industry norms,' according to an investor presentation.

By Bruce Kelly
Back off, Burry! Advisors not buying into ‘Big Short’ fund manager’s bearish call
RIA NEWS AUG 17, 2023
Back off, Burry! Advisors not buying into ‘Big Short’ fund manager’s bearish call

Burry's $1.6 billion bet on Wall Street collapse has been branded 'carnival barking' by a guy who 'got just one thing right, once.'

By Gregg Greenberg
House Republicans take anti-ESG campaign to CalPERS
RETIREMENT PLANNING AUG 17, 2023
House Republicans take anti-ESG campaign to CalPERS

The California Public Employees’ Retirement System has turned over thousands of pages of documents in recent months to Congress.

By Bloomberg
Edward Jones to offer banking services
RIA NEWS AUG 17, 2023
Edward Jones to offer banking services

The wealth management firm will offer its clients checking and savings accounts and potentially other banking products.

By Steve Randall
Equitable Advisors hires four advisors with combined $360M AUM
RIA NEWS AUG 17, 2023
Equitable Advisors hires four advisors with combined $360M AUM

The four join the fast-growing wealth management business from separate firms.

By Steve Randall
CFP exam pass rate highest in 8 years but which states saw the most takers?
RIA NEWS AUG 17, 2023
CFP exam pass rate highest in 8 years but which states saw the most takers?

Demonstrating experience on the job was the top reason cited for trying for certification.

By Steve Randall
Stocks mixed following hawkish Fed, bond yields sell-off intensifies
RIA NEWS AUG 17, 2023
Stocks mixed following hawkish Fed, bond yields sell-off intensifies

Signs that the Fed could continue on a tighter path has prompted investors to rethink strategies.

By Bloomberg
Banks 'largely blind' to nature loss risks to portfolios, report warns
RIA NEWS AUG 17, 2023
Banks 'largely blind' to nature loss risks to portfolios, report warns

Financial firms' lack of oversight could result in higher costs, litigation and reputational damage.

By Bloomberg
Morgan Stanley cuts China forecast amid weaker investment
RIA NEWS AUG 17, 2023
Morgan Stanley cuts China forecast amid weaker investment

Wall Street firm says Chinese economy will lag into 2024.

By Bloomberg
Massachusetts tax could hit one-off millionaires but advisors keep levy in perspective
RETIREMENT PLANNING AUG 16, 2023
Massachusetts tax could hit one-off millionaires but advisors keep levy in perspective

'Most voters didn't realize the millionaires tax included one-time sudden windfalls like the sale of a home,' one advisor says.

By Mark Schoeff Jr.
Giant RIA AlTi Global shoots to boost cash-flow margin
RIA NEWS AUG 16, 2023
Giant RIA AlTi Global shoots to boost cash-flow margin

'The streamlining of the business is very critical,' says CEO Mike Tiedemann.

By Bruce Kelly
July was strongest month on record for advisor M&A, Fidelity reports
RIA NEWS AUG 16, 2023
July was strongest month on record for advisor M&A, Fidelity reports

The number of deals increased 46% year-over-year, while the amount of assets grew 32%.

By Ryan W. Neal
Overwhelmed by ESG debate? Impact investing may be the answer
RIA NEWS AUG 16, 2023
Overwhelmed by ESG debate? Impact investing may be the answer

What does doing well by doing good mean to your clients? Advisors reveal how they approach plethora of options out there

By Gregg Greenberg
Entries are now open for IN’s hottest issue
RIA NEWS AUG 16, 2023
Entries are now open for IN’s hottest issue

INW launches its inaugural search for the industry’s “hottest” professionals.

By InvestmentNews
Kestra Financial continues strong growth as 23 professionals add $1.3B AUM
RIA NEWS AUG 16, 2023
Kestra Financial continues strong growth as 23 professionals add $1.3B AUM

The second-quarter additions follow the 26 who joined the platform in Q1.

By Steve Randall
Madison Investments launches its first ETF with more to come in weeks
RIA NEWS AUG 16, 2023
Madison Investments launches its first ETF with more to come in weeks

Independently owned Wisconsin firm says launch is a natural extension of its investment strategies.

By Steve Randall
New Jersey $270M team sets up new wealth firm with LPL
RIA NEWS AUG 16, 2023
New Jersey $270M team sets up new wealth firm with LPL

The three advisors have left Merrill Lynch to form their independent firm.

By Steve Randall
Fed minutes to reveal preference for tightening
RIA NEWS AUG 16, 2023
Fed minutes to reveal preference for tightening

Few of the FOMC members were in favor of holding rates into 2024.

By Bloomberg