Industry News

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UBS is latest firm OK'd by NFL players union
NEWS BROKER DEALERS DEC 05, 2023
UBS is latest firm OK'd by NFL players union

More than two decades old, the NFLPA's registered player financial advisor program for years was limited to individual financial advisors.

Most Americans think they can spot a scam, but Citi study reveals otherwise
NEWS INDUSTRY NEWS DEC 05, 2023
Most Americans think they can spot a scam, but Citi study reveals otherwise

Scams are becoming more prolific and more sophisticated.

Too far, too fast? Investors may have been over-bullish on economy
NEWS INDUSTRY NEWS DEC 05, 2023
Too far, too fast? Investors may have been over-bullish on economy

Expectation of better economic conditions, rate cuts could have seen overbuying last month.

China credit outlook cut to negative by Moody's
NEWS INDUSTRY NEWS DEC 05, 2023
China credit outlook cut to negative by Moody's

Debt levels are concerning the ratings agency.

Indiana-based hybrid hires former Wells Fargo exec
NEWS RIAS DEC 04, 2023
Indiana-based hybrid hires former Wells Fargo exec

John Peluso retired in September as head of Wells Fargo’s clearing operations, and earlier presided over FiNet.

Giant RIAs in old-fashioned donnybrook for advisors and clients
NEWS RIAS DEC 04, 2023
Giant RIAs in old-fashioned donnybrook for advisors and clients

Edelman Financial Engines is suing Mariner Wealth Advisors, alleging that Mariner is poaching its clients and running Edelman out of business.

Thinking of going independent? How smaller RIAs can win despite disruptive tech  
NEWS TECHNOLOGY DEC 04, 2023
Thinking of going independent? How smaller RIAs can win despite disruptive tech  

Advisory Services Network's business development director, Trey Prescott, talks to InvestmentNews.

Can banks really be trusted on ESG when they set their own rules?
NEWS ESG DEC 04, 2023
Can banks really be trusted on ESG when they set their own rules?

Discussions at COP28 include global standards for sustainability reporting.

Shut up and take our money, investors say about financial advice
NEWS PRACTICE MANAGEMENT DEC 01, 2023
Shut up and take our money, investors say about financial advice

Demand for paid financial advice is at a high level and rising, survey data show.

Northwestern Mutual targets next-gen clients with new model portfolios
NEWS INDUSTRY NEWS DEC 01, 2023
Northwestern Mutual targets next-gen clients with new model portfolios

New products aim to attract younger investors who want to work with advisors.

RBC Wealth Management recruits $337M team in Memphis
NEWS INDUSTRY NEWS DEC 01, 2023
RBC Wealth Management recruits $337M team in Memphis

Team of six has switched from Cetera.

CAIS expands alts offering with Pershing with no transaction fees
NEWS INDUSTRY NEWS DEC 01, 2023
CAIS expands alts offering with Pershing with no transaction fees

Expansion of the two firm's partnership gives advisors greater access to funds.

S&P 500 up almost 9% in November, but is Big Tech a risk?
NEWS INDUSTRY NEWS DEC 01, 2023
S&P 500 up almost 9% in November, but is Big Tech a risk?

The dominant stocks tend to drop at year-end but Fed optimism could buck the trend.

Private credit carve-out from JPMorgan filed 'secret' IPO plan
NEWS BROKER DEALERS DEC 01, 2023
Private credit carve-out from JPMorgan filed 'secret' IPO plan

HPS Investment Partners could go public if equity capital markets look favorable.

China or India: Which EM do global wealth managers favor?
NEWS INDUSTRY NEWS DEC 01, 2023
China or India: Which EM do global wealth managers favor?

The two major Asia economies are vying for investment.

Should advisors chase Japanese stocks in 2024?
NEWS INDUSTRY NEWS NOV 30, 2023
Should advisors chase Japanese stocks in 2024?

A double-digit drop in the yen has helped fuel an impressive run in Japanese stocks so far in 2023.

Bank fined $24M for spoofing in Treasuries market
NEWS WIREHOUSES NOV 30, 2023
Bank fined $24M for spoofing in Treasuries market

Two former employees engaged in more than 700 ‘spoofs’ over almost a decade, Finra charges.

Helping women in tech align wealth with values
NEWS WOMEN ADVISOR COMMUNITY NOV 30, 2023
Helping women in tech align wealth with values

Waddell decided to focus on women in tech because, she says, 'I live in Seattle. Everybody works in tech.'

Billionaires acquiring more wealth through inheritance than entrepreneurship, says UBS
NEWS WIREHOUSES NOV 30, 2023
Billionaires acquiring more wealth through inheritance than entrepreneurship, says UBS

Report focused on the last year highlights the impact of the Great Wealth Transfer.

Most American workers say wages have not kept pace with inflation
NEWS INDUSTRY NEWS NOV 30, 2023
Most American workers say wages have not kept pace with inflation

Older, hourly, and lower paid workers are most likely to have lost out.