Fidelity adds to $14B alt lineup with three new ETFs
The liquid alts funds aim to outperform the S&P 500 index.
Cathie Wood’s $54B ARK VC fund buys into ChatGPT owner
The asset manager has acquired a stake in OpenAI.
Gold rises to more than $2,400 amid Middle East tensions
Bullion is seen as a better hedge than government bonds.
Brookfield said to be weighing private credit firm stake
Asset manager is reportedly in talks with Castlelake.
Ebbing passive demand poses challenges for asset managers
As the lines between active and passive strategies blur, product teams will have a tougher time appeasing advisors, Cerulli says.
RIAs’ outlook on economy lukewarm, survey shows
Inaugural study finds more than two-thirds expect at least mild growth in the stock market, while nine-tenths brace for continued volatility.
Taking care of business with spring cleaning
From portfolio reviews to tidying up client accounts, advisors share what they're cleaning up this spring.
Poor REIT sales signal potential cuts in valuations
'The problem is, when an NAV gets shaved, advisors and investors get pissed off,' one executive says.
Baird simplifies alts platform with new CAIS partnership
The firms are deepening their longtime tech collaboration to create a unified alternative investments solution for Baird's more than 1,300 advisors.
Morgan Stanley’s wealth unit caught in AML crossfire
The SEC and other federal regulators are reportedly probing the banking giant over its anti-money-laundering and client vetting practices.
Arax adds $9B with Texas acquisition
The wealth platform dramatically expands its capabilities with deal for a Houston-based firm catering to HNW and UHNW clients.
Advisors weigh PE allocations in face of rising rates
If the typical PE firm employs leverage and the cost of borrowing rises, it would make sense that higher interest rates would cut into its returns.
LPL lands $500M advisor team in Texas
The move marks the third practice LPL has recruited from Ameriprise in roughly a week.
Diversify scores fourth 2024 acquisition with $645M firm
The Delaware-based fee-only practice, led by a veteran with 25 years of experience, is joining the RIA’s partner platform.
AmeriFlex reaches $11.5B milestone as 2024 provides strong growth
The firm added 16 advisors managing $1.9 billion in the first quarter.
Ameriprise picks up $2B credit union unit from LPL
The mover is the wealth management division of one of the largest US credit unions.
First Horizon names new head of wealth management, private banking
Experienced leader will lead the $65 billion wealth management unit.
Bond traders consider 5% yield, potential of no rate cuts
Pimco and others are weighing the prospects of the Fed standing firm.
Goldman Sachs loses another long-term senior leader
FT reports that the firm's global treasurer is to join Millennium.
Goldman, Morgan Stanley now expect China to perform better
Wall Street analysts see opportunity as Chinese economy shows potential.
