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NFL's Buffalo Bills, Miami Dolphins in reported talks with investment firms
NEWS INDUSTRY NEWS OCT 30, 2024
NFL's Buffalo Bills, Miami Dolphins in reported talks with investment firms

NFL owners voted in August for private equity funds to own minority stakes.

Retirement income plans lacking for most Americans, reveals Allianz Life
NEWS INDUSTRY NEWS OCT 30, 2024
Retirement income plans lacking for most Americans, reveals Allianz Life

Turning retirement savings into retirement income is the big challenge.

Ermotti says Trump win would be 'classic sell on the news' event
NEWS INDUSTRY NEWS OCT 30, 2024
Ermotti says Trump win would be 'classic sell on the news' event

UBS chief is expecting volatility whatever the election result.

Gold gains to another new record high
NEWS INDUSTRY NEWS OCT 30, 2024
Gold gains to another new record high

Bullion has reached new milestones frequently in recent months.

Why the US banking industry may be the big opportunity right now
NEWS INDUSTRY NEWS OCT 30, 2024
Why the US banking industry may be the big opportunity right now

Former Barclays chief Diamond says consolidation is key.

Are put options the new bonds?
NEWS EQUITIES OCT 29, 2024
Are put options the new bonds?

"Puts are there to protect you when markets go down fast."

These states have the best 529 college savings plans, Morningstar says
NEWS PRACTICE MANAGEMENT OCT 29, 2024
These states have the best 529 college savings plans, Morningstar says

Costs have come down, investment options have gotten better, and stewardship by states over 529 college savings programs has improved, says ratings firm.

Decked out as Elvis, LPL Financial’s Steinmeier is in the building
NEWS INDUSTRY NEWS OCT 29, 2024
Decked out as Elvis, LPL Financial’s Steinmeier is in the building

LPL's new CEO Rich Steinmeier squeezed into an Elvis outfit on Friday to celebrate Halloween.

UBS envisions an eventual US wealth firm acquisition, says Chairman Kelleher
NEWS WIREHOUSES OCT 29, 2024
UBS envisions an eventual US wealth firm acquisition, says Chairman Kelleher

The world's biggest wealth manager is looking to extend that dominance in the planet's largest wealth market – after it settles its unfinished business with Credit Suisse.

Waverly Advisors bolsters Colorado presence with Mueller partnership
NEWS RIAS OCT 29, 2024
Waverly Advisors bolsters Colorado presence with Mueller partnership

The PE-backed RIA's second location in the state bolsters its $14.4B AUM enterprise with a HNW tax and retirement planning practice.

$245B Mariner gets capital infusion from Neuberger Berman
NEWS INDUSTRY NEWS OCT 29, 2024
$245B Mariner gets capital infusion from Neuberger Berman

The national wealth advisory firm is continuing to pursue its growth goal to reach 5,000 advisors with a fresh shot of capital and strategic support.

Broker who acted as his own lawyer loses $122,000 arbitration claim
NEWS REGULATION AND LEGISLATION OCT 29, 2024
Broker who acted as his own lawyer loses $122,000 arbitration claim

"Beating up on a broker who is not represented by an attorney is akin to taking candy from a baby,” says one attorney.

B. Riley eases debt pressure further with $236M asset sale
NEWS BROKER DEALERS OCT 29, 2024
B. Riley eases debt pressure further with $236M asset sale

The troubled company is continuing to shore up its ailing balance sheet as part of a longer road to refocus on its core financial services business.

Advisors sunny on the economy and active ETFs
NEWS ETFS OCT 29, 2024
Advisors sunny on the economy and active ETFs

Financial professionals told InvestmentNews they see the US economy performing better and the S&P 500 going up over a year, but that doesn't mean they're putting more money into US stocks.

To be a fiduciary, or not to be a fiduciary?
NEWS LIFE INSURANCE AND ANNUITIES OCT 29, 2024
To be a fiduciary, or not to be a fiduciary?

Survey reveals unsurprising support from fee-only advisors but CEO of Finseca says restricting yourself to one fee model is "just plain stupid."

Hybrid RIA network Kestra welcomes Wealth Empowerment Financial Strategies
NEWS BROKER DEALERS OCT 29, 2024
Hybrid RIA network Kestra welcomes Wealth Empowerment Financial Strategies

The $103B independent wealth platform's latest addition in Boca Raton, Florida comes after bolting from embattled firm B. Riley.

$156B RIA Hightower keeps deal train chugging with Wisconsin-based FPIS
NEWS RIAS OCT 29, 2024
$156B RIA Hightower keeps deal train chugging with Wisconsin-based FPIS

The wealth giant's strategic investment for the $1.1B multi-generational advisory practice marks its fifth acquisition for the year while expanding its Midwest presence.

Cresset appoints Jessica Malkin to chief growth officer role
NEWS RIAS OCT 29, 2024
Cresset appoints Jessica Malkin to chief growth officer role

The top-ranked RIA's new growth leader is taking on the role as part of an expanded mandate.

Will new wealth management solution for digital wallets lead to DIY investing surge?
NEWS INDUSTRY NEWS OCT 29, 2024
Will new wealth management solution for digital wallets lead to DIY investing surge?

Growth of the digital wallet space makes it ripe for wider range of financial services.

FreeWill launches new platform to expand advisors' estate services offering
NEWS INDUSTRY NEWS OCT 29, 2024
FreeWill launches new platform to expand advisors' estate services offering

Solution comes amid huge intergenerational wealth transfer.