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After losing arbitration, brokers file bankruptcy
"Another schlocky broker-dealer gets hit with an arbitration award and the owner and everyone else declare bankruptcy," said one attorney.
InvestmentNews’ 5-Star Research Platforms revealed
From data accuracy to active listening and a focus on efficiency and simplicity, the best research platforms for financial advisors lead on several fronts.
S&P 500 sees best three-day rally since November
Hopes of Fed rate cuts boosted equities again Monday.
Private credit is growing as a financing option, outperforming for investors
American Investment Council says the market continues to expand.
Asset managers face rising costs, sluggish revenues but AI might save the day
BCG report urges firms to seize the opportunity from tech innovations.
High-tech market makers push deeper into fixed income
Firms such as Citadel, Jane Street aim to disrupt Wall Street domination.
Wealth management unit helps propel UBS back to profit
Net income smashed analysts’ expectations for first quarter.
Trump Media’s banned accountant had 20 B-D clients
"These firms have to go back, hire a new accounting firm and restate financials," said one senior industry executive.
Goldman bolsters alts commitment with new lending solution
Extended to eligible RIA clients, the new offering takes the staid practice of securities lending to the alternative investment space.
Stifel employees leave after probe into ‘inappropriate relations’
A spokesperson for the St. Louis-based firm says it has 'taken appropriate action,' with one of the employees going through a 'legal process.'
Valuations for B-Ds and RIAs soar. Can it last?
Deals by LPL underscore surge in price propelled by the ongoing movement to fee-based revenue from one-time commission charges.
Asset managers are focusing on quality data and a better investor experience
Accurate data and an expanded product range are priorities.
Biden White House wipes student-debt slates clean for art school victims
The Biden administration has cancelled $6.1B worth of loans for 317,000 Americans who were deceived by the Art Institutes.
BlackRock-backed Willow wants to help advisors catch the wealth transfer wave
With fresh funding, the startup catering to financial advisors is offering new courses geared towards women and NextGen investors.
Fiducient Advisors names new president
The NFP affiliate firm announces industry veteran in a planned succession as its leader of nearly 20 years steps down.
Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back
CFPB report says fees offset gains, but the ABA says it's inaccurate.
Tech stocks gain ahead of US jobs report
Labour market data is due at 8.30am ET.
Bond traders now think Fed will move faster
Yields have fallen since the central bank's latest decision.
Gold heading for worst weekly loss since February
Higher-for-longer rates expectation has weakened demand.
SVB Financial set to offload VC unit to Pinegrove affiliate
Brookfield and Sequoia Capital are backing the buyers.
