Industry News

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Raymond James CEO balks at high price of RIAs
NEWS RIAS JAN 25, 2024
Raymond James CEO balks at high price of RIAs

'The biggest change in the competitive landscape has been RIA roll-ups that pay prices that we can't quite figure out,' Paul Reilly says.

Your clients may be honest about finances, but what about their partners?
NEWS INDUSTRY NEWS JAN 25, 2024
Your clients may be honest about finances, but what about their partners?

New Bankrate survey reveals high level of 'financial infidelity.'

Musk wants a bigger stake in Tesla as earnings miss
NEWS INDUSTRY NEWS JAN 25, 2024
Musk wants a bigger stake in Tesla as earnings miss

With growth outlook weaker, the billionaire says he needs more influence.

Stifel Financial hits new high in client assets
NEWS BROKER DEALERS JAN 24, 2024
Stifel Financial hits new high in client assets

Since 2014, the firm's global wealth management revenue has grown by 150 percent.

Most Americans would rather be happy than rich, study reveals
NEWS INDUSTRY NEWS JAN 24, 2024
Most Americans would rather be happy than rich, study reveals

Doing a job they love is more important than a higher salary.

Financial stress is a major contributor to poor health, say academics
NEWS INDUSTRY NEWS JAN 24, 2024
Financial stress is a major contributor to poor health, say academics

Worrying about finances can put people at high risk of illnesses.

US economy fueled by consumer optimism
NEWS INDUSTRY NEWS JAN 24, 2024
US economy fueled by consumer optimism

GDP stats due Thursday likely to beat expectations.

SEC bars ex-Morgan Stanley broker who stole from his mother
NEWS WIREHOUSES JAN 23, 2024
SEC bars ex-Morgan Stanley broker who stole from his mother

The SEC alleged that Texas broker Doug McKelvey misappropriated more than $1.7 million.

Minority communities are financially comfortable, Merrill says
NEWS INDUSTRY NEWS JAN 23, 2024
Minority communities are financially comfortable, Merrill says

Members of the African American and Hispanic communities are more likely to have a financial plan in place than the general population.

How will major investment execs deploy their cash in 2024?
NEWS INDUSTRY NEWS JAN 23, 2024
How will major investment execs deploy their cash in 2024?

After a tough start, executives share their plans for the year ahead.

Hedge fund profits soared in 2023, but which ones did best?
NEWS INDUSTRY NEWS JAN 22, 2024
Hedge fund profits soared in 2023, but which ones did best?

New analysis shows that funds produced gains of $218B after fees.

UBS GWM says China equities need 'punchier' policies
NEWS INDUSTRY NEWS JAN 22, 2024
UBS GWM says China equities need 'punchier' policies

The wealth manager says Beijing needs to be bolder to revive stocks.

Wall Street adopts new defense against attacks on ESG
NEWS ESG JAN 19, 2024
Wall Street adopts new defense against attacks on ESG

Climate alliances are changing their language to counter GOP allegations that climate alliances represent a form of collusion that warrants antitrust lawsuits.

Want to make a 'few billion dollars'? Entrepreneur explains how
NEWS INDUSTRY NEWS JAN 19, 2024
Want to make a 'few billion dollars'? Entrepreneur explains how

Billionaire Brad Jacobs offers tips from his experience founding seven billion-dollar companies.

Bullishness is rising with rate cut expectations, reveals Morgan Stanley poll
NEWS INDUSTRY NEWS JAN 19, 2024
Bullishness is rising with rate cut expectations, reveals Morgan Stanley poll

Investors have increased confidence in rate cuts, soft landing for the US economy.

Citi launches $2B private lending solution with LuminArx Capital
NEWS ALTERNATIVES JAN 19, 2024
Citi launches $2B private lending solution with LuminArx Capital

The two firms' capabilities aim to provide a differentiated offering.

Blackstone CEO says 'animal spirits' are returning to markets
NEWS INDUSTRY NEWS JAN 19, 2024
Blackstone CEO says 'animal spirits' are returning to markets

Steve Schwarzman says expectations of Fed rate cuts are enticing investors.

Almost 74,000 to benefit as Biden cancels $5B student debt
NEWS INDUSTRY NEWS JAN 19, 2024
Almost 74,000 to benefit as Biden cancels $5B student debt

Public servants make up the bulk of beneficiaries.

How one emerging-market money manager is beating 99% of his peers
NEWS INDUSTRY NEWS JAN 19, 2024
How one emerging-market money manager is beating 99% of his peers

Looking beyond the Fed is paying off for Canadian fund manager.

Stocks drop, bonds rise as Fed rate bets ease
NEWS INDUSTRY NEWS JAN 18, 2024
Stocks drop, bonds rise as Fed rate bets ease

Strong US economy could keep policymakers on the sidelines.