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Industry News

Displaying 28147 results

Topic

Jobs market strengthens in November, defying forecasts

The report undermines hopes the Federal Reserve will cut interest rates early next year.

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Individual annuity sales to surpass $300B annually, says Limra

Sales will escalate in 2024 and 2025 according to a new forecast.

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Have bond traders underestimated the economy? Jobs data will tell

If Friday’s labor market report is more positive than expected, Fed rates doubts may rise.

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Why Blackstone is going deep into data centers with $7B deal

Emerging tech needs specialist centers and the alt asset manager sees a ‘once in a lifetime’ opportunity.

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Altruist helps advisors connect their tech with several powerful new integrations

The aim is to make critical workflows simpler and streamlined.

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Yen deemed ‘too tricky to trade’ with more swings ahead

Japanese currency is not a trade for the fainthearted right now.

Topic

Criticism of Blackstone mortgage REIT shows ‘froth’ draining from market

Financial advisors often recommend REITs as a way to generate income in retirement.

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Merit acquires fellow Georgia-based firm managing $300M

ClearBridge Wealth provides investment management and financial planning.

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There’s a generational divide in managing rising concern about financial future

Envestnet survey reveals need for blend of technology and human advisor insights.

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Ray Dalio says green finance has to be profitable

Veteran hedge fund investors tells COP28 delegates that private capital demands returns.

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Sovereign bond issuers lack climate ambition, says $5B investor group

Alliance says US and Canada among nations falling short on climate finance.

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Elon Musk’s SpaceX valued at $175B in potential tender offer

Sources say the firm is considering selling insider shares for $95.

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Mercer announces two deals in as many days

RIA aggregator acquired $495M Paragon Wealth Strategies and $95M Brighton Financial Planning.

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Last call for votes: 5-Star Fund Providers and 5-Star Research Platforms

InvestmentNews’ inaugural 5-Star Fund Providers and 5-Star Research Platforms is closing this Friday.

Topic

Could Europe lead global rate cutting in 2024?

Investors are betting that the ECB may be an early mover.

Topic

Wells Fargo’s indy group, FiNet, bumps up fee for big advisors

What's not clear is how many FiNet advisors will feel the sting of the fee increase.

Topic

Donor-advised funds underpin growth in charitable giving

Schwab Charitable reported its donors increased their giving by 8%, or nearly $350 million, to more than $5 billion in its fiscal year 2023.

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Cap on Wells Fargo assets will cause pain eventually, Scharf says

The bank has been hobbled by the Fed order limiting its size for more than five years — longer than Scharf's tenure as CEO.

Topic

UBS is latest firm OK’d by NFL players union

More than two decades old, the NFLPA's registered player financial advisor program for years was limited to individual financial advisors.

Topic

Most Americans think they can spot a scam, but Citi study reveals otherwise

Scams are becoming more prolific and more sophisticated.