Industry News

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‘Sobering’ report shows increasing reach of fintech over traditional firms
NEWS FINTECH FEB 21, 2024
‘Sobering’ report shows increasing reach of fintech over traditional firms

About a quarter of Americans have tried a tech-based savings or investing service, and companies with scale are getting the most business, a report from Hearts & Wallets finds.

Black, Hispanic investors younger, more open to risk: Report
NEWS INDUSTRY NEWS FEB 20, 2024
Black, Hispanic investors younger, more open to risk: Report

Minority investors are more likely to engage in risky investments such as meme stocks, cryptocurrencies, and options, according to a report from the Finra Investor Education Foundation.

Number of CFPs hits new global high
NEWS INDUSTRY NEWS FEB 20, 2024
Number of CFPs hits new global high

The latest numbers point to four booming markets for financial planning professionals, including two double-digit growth hotspots.

Mega-RIAs still winning out amid advisor growth surge: Cerulli
NEWS RIAS FEB 20, 2024
Mega-RIAs still winning out amid advisor growth surge: Cerulli

Even as the pace of advisor growth doubled, challenges continued for the overwhelming majority of smaller firms.

LPL is stepping up support for high-net-worth advisors
NEWS BROKER DEALERS FEB 20, 2024
LPL is stepping up support for high-net-worth advisors

New high-net-worth services offering provides access to advisory dream team of attorneys, CPAs, and advanced planning specialists.

8 in 10 Americans admit regrets about their financial choices
NEWS INDUSTRY NEWS FEB 20, 2024
8 in 10 Americans admit regrets about their financial choices

Survey reveals the most common things that people wish they had done.

China economy fears outweigh earnings in early trading
NEWS EQUITIES FEB 20, 2024
China economy fears outweigh earnings in early trading

European and Asian markets started Tuesday in decline.

Capital One to pay $35B for Discover in 2024's largest deal so far
NEWS INDUSTRY NEWS FEB 20, 2024
Capital One to pay $35B for Discover in 2024's largest deal so far

Combined entity will be largest US credit card firm by loan volume.

Why are investors souring on Indian equities?
NEWS INDUSTRY NEWS FEB 20, 2024
Why are investors souring on Indian equities?

Headwinds pose risk to elevated valuations, sparking profit-taking.

Stock market firm to boost parental leave to 26 weeks
NEWS INDUSTRY NEWS FEB 20, 2024
Stock market firm to boost parental leave to 26 weeks

It will escalate benefit for US workers and surpass many industry rivals.

Social Security fixes include raising retirement age, taxable income cap: Conference Board
NEWS RETIREMENT PLANNING FEB 19, 2024
Social Security fixes include raising retirement age, taxable income cap: Conference Board

Report from policy think tank details the program's financial problems and suggests a number of reforms.

A nomination makes someone feel ‘more included,’ manager says
NEWS INDUSTRY NEWS FEB 16, 2024
A nomination makes someone feel ‘more included,’ manager says

Nominations for the InvestmentNews Awards close on March 1.

Trump fined $364M in New York civil fraud trial
NEWS INDUSTRY NEWS FEB 16, 2024
Trump fined $364M in New York civil fraud trial

The former president was also banned from running any business in the state for three years.

Goldman CEO Solomon’s pay surges 24 percent to $31M
NEWS BROKER DEALERS FEB 16, 2024
Goldman CEO Solomon’s pay surges 24 percent to $31M

The board lifted the CEO's pay after the firm's profit tumbled last year.

Wealth management division helps propel Empower to new records
NEWS RETIREMENT PLANNING FEB 16, 2024
Wealth management division helps propel Empower to new records

The 10-year-old firm has seen strong growth in its assets, client base, and earnings.

Older people lose $28B to scams, maybe due to a more trusting nature
NEWS INDUSTRY NEWS FEB 16, 2024
Older people lose $28B to scams, maybe due to a more trusting nature

University of Florida research reveals years of experience can be a bad thing.

Atlanta Fed president says rate cuts may not come for a while
NEWS INDUSTRY NEWS FEB 16, 2024
Atlanta Fed president says rate cuts may not come for a while

Raphael Bostic said Thursday that conditions remain uncertain.

Has a global investment bank banned the long weekend?
NEWS INDUSTRY NEWS FEB 16, 2024
Has a global investment bank banned the long weekend?

Not exactly, but four straight days at home are no longer allowed.

Is the worst over for office assets? CBRE thinks it might be
NEWS INDUSTRY NEWS FEB 16, 2024
Is the worst over for office assets? CBRE thinks it might be

The commercial real estate firm's CEO says return-to-office is boosting leasing.

Ex-Osaic veteran advisor barred by Finra
NEWS ALTERNATIVES FEB 15, 2024
Ex-Osaic veteran advisor barred by Finra

'A lawyer may tell an advisor like this, there's no upside in responding to Finra, just leave the industry,' says a senior brokerage executive.