RIA News

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REIT index returns show continued pain in real estate
RIA NEWS JUL 12, 2024
REIT index returns show continued pain in real estate

Q2 performance figures show losses in the REIT space, led by casualties in the industrial and hotel sectors.

By Leo Almazora
Wells Fargo slides as higher-than-expected costs tarnish quarterly results
RIA NEWS JUL 12, 2024
Wells Fargo slides as higher-than-expected costs tarnish quarterly results

After the disappointing data point, the lending giant suffered a single-day drop reminiscent of last year's regional banking crisis.

By Bloomberg
Wells Fargo's focus on independent advisors taking shape
INDEPENDENT BROKER DEALERS JUL 12, 2024
Wells Fargo's focus on independent advisors taking shape

"FiNet has made very noticeable increases in support staffing to practices," said one industry source.

By Bruce Kelly
Market watchers look ahead to party conventions with eyes on bottom line
RIA NEWS JUL 12, 2024
Market watchers look ahead to party conventions with eyes on bottom line

Financial strategists and fund managers weigh in on how the race for the White House will impact their portfolios.

By Gregg Greenberg
RBC Wealth Management expands with $640M Merrill Lynch team
RIA NEWS JUL 12, 2024
RBC Wealth Management expands with $640M Merrill Lynch team

The firm’s latest additions, led by a veteran with more than three decades’ experience, come during a pivotal transition for its broader organization.

By Leo Almazora
Arete tightens its ties with BNY Pershing
RIA NEWS JUL 12, 2024
Arete tightens its ties with BNY Pershing

The $6B IBD and RIA is expanding its partnership with new long-term agreements, including access to an integrated wealth management platform.

By Leo Almazora
JPMorgan posts profit record on Visa gain, dealmaking revival
RIA NEWS JUL 12, 2024
JPMorgan posts profit record on Visa gain, dealmaking revival

The banking giant shattered expectations across its Wall Street businesses, including $2.4B in investment banking fees.

By Bloomberg
New Technology Report closes this week
RIA NEWS JUL 12, 2024
New Technology Report closes this week

Search for the industry’s best wealth technology and software ends soon.

By IN Staff
Wealth Enhancement Group gains first foothold in Utah
RIA NEWS JUL 12, 2024
Wealth Enhancement Group gains first foothold in Utah

The national independent wealth firm has acquired a $272M planning team in Farmington, pushing its client assets past $85.7B.

By Leo Almazora
Insurance distributor appoints veteran leader for $46B wealth management unit
RIA NEWS JUL 12, 2024
Insurance distributor appoints veteran leader for $46B wealth management unit

New hire has international experience across major name financial firms.

By Steve Randall
National $25.9B AUM RIA firm launches trust company in 'favorable' jurisdiction
RIA NEWS JUL 12, 2024
National $25.9B AUM RIA firm launches trust company in 'favorable' jurisdiction

The firm says expansion of its services will be powered by technology.

By Steve Randall
S&P futures stabilize ahead of Wall Street earnings
RIA NEWS JUL 12, 2024
S&P futures stabilize ahead of Wall Street earnings

Expectation of earnings broadening out from megacap big tech.

By Bloomberg
Treasuries erase 2024 losses amid rate cut bets
RIA NEWS JUL 12, 2024
Treasuries erase 2024 losses amid rate cut bets

Inflation data is driving expectation of Fed action ahead.

By Bloomberg
Wall Street banking chief welcomed with $41M in stocks
RIA NEWS JUL 12, 2024
Wall Street banking chief welcomed with $41M in stocks

Shares will awarded over a five year period.

By Bloomberg
Gold remains above $2400 after biggest gain since March
RIA NEWS JUL 12, 2024
Gold remains above $2400 after biggest gain since March

Wider precious metals market is mixed.

By Bloomberg
Energy investors looking for a gusher in second half
RIA NEWS JUL 11, 2024
Energy investors looking for a gusher in second half

Oil and natural gas stocks have lagged so far in 2024 as technology has led the way. Energy investors expect that to change in the months ahead.

By Gregg Greenberg
GPB execs goosed records to pump sales, partner claims
ALTERNATIVES JUL 11, 2024
GPB execs goosed records to pump sales, partner claims

"I wanted it to end," said former senior GPB executive on Thursday.

By Bruce Kelly
RIAs’ economic optimism holds steady, but concerns are brewing
RIA NEWS JUL 11, 2024
RIAs’ economic optimism holds steady, but concerns are brewing

Quarterly index research reveals heightened worries over inflation, politics, and market turbulence in the next 12 months.

By Leo Almazora
Ex-Edward Jones trio unveils RIA platform for breakaways
RIA NEWS JUL 11, 2024
Ex-Edward Jones trio unveils RIA platform for breakaways

The veteran-founded firm officially launches its “Bridge Builder to Independence” model with the arrival of a former $275 million wirehouse advisor.

By Leo Almazora
Baird adds to Ohio presence with Wells Fargo hire
RIA NEWS JUL 11, 2024
Baird adds to Ohio presence with Wells Fargo hire

The employee-owned wealth firm’s latest addition previously managed north of $185M at the wirehouse.

By Leo Almazora