Industry News

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Wealth management firms must offer more than just basic digital platforms
NEWS INDUSTRY NEWS NOV 22, 2024
Wealth management firms must offer more than just basic digital platforms

Report says firms risk restricted growth unless they elevate their offerings.

Florida man, firm charged by SEC for alleged sports-related $2.1M fraud
NEWS INDUSTRY NEWS NOV 22, 2024
Florida man, firm charged by SEC for alleged sports-related $2.1M fraud

Agency says investors believed they were backing loans to NFL players.

BofA eyes tech stock risk for US equities
NEWS INDUSTRY NEWS NOV 22, 2024
BofA eyes tech stock risk for US equities

If bond yields stay higher, there could be a pull-back in shares.

Dollar headed for longest winning streak since September 2023
NEWS INDUSTRY NEWS NOV 22, 2024
Dollar headed for longest winning streak since September 2023

Greenback set for eighth consecutive weekly gain.

Wall Street firms asking investors for SRT debt disclosures
NEWS INDUSTRY NEWS NOV 22, 2024
Wall Street firms asking investors for SRT debt disclosures

Regulatory pressure means banks requiring clarity on risks.

Stripe to buy back more of its shares at $70B valuation
NEWS INDUSTRY NEWS NOV 22, 2024
Stripe to buy back more of its shares at $70B valuation

Fintech firm set to buy back hundreds of millions of dollars' worth of shares.

Expecting small-cap or energy boom from Trump? Don't be so sure.
NEWS RIAS NOV 21, 2024
Expecting small-cap or energy boom from Trump? Don't be so sure.

Much as observers predicted strong returns for domestic small-cap value and the energy sector ahead of Trump's first term, the same enthusiastic assumptions this time around may be too simplistic, panelists at the Charles Schwab Impact conference said.

Amplified Planning ramps up advisor education with new programs
NEWS INDUSTRY NEWS NOV 21, 2024
Amplified Planning ramps up advisor education with new programs

Two new offerings, aimed at newer advisors and their firms, extend the company's mission to bridge the RIA training gap.

Great Wealth Transfer is 'utterly preposterous': Kitces
NEWS RIAS NOV 21, 2024
Great Wealth Transfer is 'utterly preposterous': Kitces

“If your biggest problem is that your patients die on a regular basis, go find more old people who have money, who need a nursing home," Kitces said. "We're not running out of them.”

Poll finds more than one in two Americans fear leaving a legacy of debt
NEWS INDUSTRY NEWS NOV 21, 2024
Poll finds more than one in two Americans fear leaving a legacy of debt

Survey research breaks down anxieties around debt inheritance, with nearly half of respondents anticipating their loved ones will end up owing $10,000 to $30,000 after they die.

Broker was barred, then allegedly siphoned cash from senior’s account
NEWS BROKER DEALERS NOV 21, 2024
Broker was barred, then allegedly siphoned cash from senior’s account

“After learning about a bad actor who is barred, the securities industry should have a responsibility to put clients on notice,” one lawyer said.

SEC Chair Gensler to step down in January
NEWS REGULATION AND LEGISLATION NOV 21, 2024
SEC Chair Gensler to step down in January

Federal securities agency confirms official timing of his resignation, recounts record of reforms and enforcement actions.

As Nvidia goes, so goes the market, and financial Advisors
NEWS EQUITIES NOV 21, 2024
As Nvidia goes, so goes the market, and financial Advisors

Wealth managers weigh in on the chipmaker's influence over the greater market in the wake of its earnings report.

Apollo CEO Rowan might be Trump's Treasury chief pick ... what then?
NEWS ALTERNATIVES NOV 21, 2024
Apollo CEO Rowan might be Trump's Treasury chief pick ... what then?

The alternative asset giant would have to grapple with a critical leadership transition while positioning for a potential multitrillion-dollar tailwind.

What do advisors think about AI, wealth transfer, fixed income opportunities?
NEWS INDUSTRY NEWS NOV 21, 2024
What do advisors think about AI, wealth transfer, fixed income opportunities?

New report gathers insights and sentiment from US advisors.

SEC hands $1.5B penalties to public companies in above-average enforcements
NEWS INDUSTRY NEWS NOV 21, 2024
SEC hands $1.5B penalties to public companies in above-average enforcements

Last year saw more action taken than the nine-year historical average.

How many US billionaires are there and how much are they worth?
NEWS INDUSTRY NEWS NOV 21, 2024
How many US billionaires are there and how much are they worth?

Latest stats show an increase in the number and wealth of US billionaires.

Nvidia forecast falls short but firm says new chip is on track
NEWS INDUSTRY NEWS NOV 21, 2024
Nvidia forecast falls short but firm says new chip is on track

Firm's shares fell 4% in pre-market trading following quarterly results.

Fed's Williams signals dovish tone on rate cuts
NEWS INDUSTRY NEWS NOV 21, 2024
Fed's Williams signals dovish tone on rate cuts

New York president says reductions are right 'over time'.

Are we about to see $100K Bitcoin? It's become more likely
NEWS INDUSTRY NEWS NOV 21, 2024
Are we about to see $100K Bitcoin? It's become more likely

Cryptocurrency is hovering around $97,000 currently.