Industry News

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Investors brace for severe US office crash
NEWS INDUSTRY NEWS OCT 02, 2023
Investors brace for severe US office crash

Commercial real estate is under pressure and may not hit the bottom for months.

Fund managers face disrupted flows into EU amid ESG overhaul
NEWS INDUSTRY NEWS OCT 02, 2023
Fund managers face disrupted flows into EU amid ESG overhaul

Barclays warns that proposed labeling rules will cause headaches for funds.

Morgan Stanley raising pay hurdle for its financial advisors in 2024
NEWS PRACTICE MANAGEMENT SEP 29, 2023
Morgan Stanley raising pay hurdle for its financial advisors in 2024

'It's a tug of war. The firms want to keep more revenue, and the financial advisors want to do the same,' an industry recruiter says.

Wall Street hit with latest wave of fines in SEC WhatsApp probe
NEWS FINTECH SEP 29, 2023
Wall Street hit with latest wave of fines in SEC WhatsApp probe

Ten firms, including Baird and Interactive Brokers, agreed to pay penalties totaling $79 million for employees' use of unmonitored communications channels on the job.

Annuities are changing the game for advisors
NEWS RIAS SEP 29, 2023
Annuities are changing the game for advisors

Experts discuss the advantages of annuities and a handy tool for advisors at a recent webinar.

More than 1 in 10 Gen Xers nearing retirement still burdened by student debt
NEWS RETIREMENT PLANNING SEP 29, 2023
More than 1 in 10 Gen Xers nearing retirement still burdened by student debt

Research reveals how burden could be impacting savings targets.

Diverse clients need one thing more than anything from financial institutions
NEWS PRACTICE MANAGEMENT SEP 29, 2023
Diverse clients need one thing more than anything from financial institutions

But many wealth professionals believe it is not being delivered.

30-year Treasury yields above 5% would not shock Bill Ackman
NEWS INDUSTRY NEWS SEP 29, 2023
30-year Treasury yields above 5% would not shock Bill Ackman

Pershing Square Capital veteran highlights energy prices and interest rates concern.

BlackRock open to more acquisitions, says Larry Fink
NEWS INDUSTRY NEWS SEP 29, 2023
BlackRock open to more acquisitions, says Larry Fink

Asset manager's CEO also “not that fearful” about any recession.

Evergrande billionaire detained after wealth unit runs dry
NEWS INDUSTRY NEWS SEP 29, 2023
Evergrande billionaire detained after wealth unit runs dry

International investors were wiped out 2 years ago and authorities are now investigating unspecified crimes.

Royal family you've never heard of builds $300B finance empire
NEWS INDUSTRY NEWS SEP 29, 2023
Royal family you've never heard of builds $300B finance empire

Liechtenstein's Prince Hans-Adam II manages assets for world's super-rich.

Gold IRA Ponzi paid for luxury cars, esports team, CFTC says
NEWS RETIREMENT PLANNING SEP 28, 2023
Gold IRA Ponzi paid for luxury cars, esports team, CFTC says

Regal Assets and its owners pilfered $21 million from clients, the CFTC and California DFPI allege.

RBC recruits UBS team overseeing $1B in client assets
NEWS WIREHOUSES SEP 28, 2023
RBC recruits UBS team overseeing $1B in client assets

Leawood, Kansas-based Total Wealth Management has seven staffers.

$116 billion saved in HSAs, Devenir finds
NEWS RETIREMENT PLANNING SEP 28, 2023
$116 billion saved in HSAs, Devenir finds

Asset and investment growth in health savings accounts was strong during the first half.

Carson Group adds Maryland RIA with $300M in assets
NEWS RIAS SEP 28, 2023
Carson Group adds Maryland RIA with $300M in assets

Columbia-based FAI Wealth Management was founded in 1987.

Workers fear they may not save the $1M they need for comfortable retirement
NEWS RETIREMENT PLANNING SEP 28, 2023
Workers fear they may not save the $1M they need for comfortable retirement

Bankrate survey finds that most feel they are behind on their retirement savings.

SEC agrees on Wall Street WhatsApp settlement, says Reuters
NEWS REGULATION AND LEGISLATION SEP 28, 2023
SEC agrees on Wall Street WhatsApp settlement, says Reuters

Report says that the deals are now being considered by the firms involved.

Franklin Templeton expects more debt defaults from junk firms
NEWS FIXED INCOME SEP 28, 2023
Franklin Templeton expects more debt defaults from junk firms

Asset manager sees greater risk in high-yield, but says it’s generally good risk.

Citigroup could sell $4B China wealth unit to HSBC
NEWS INDUSTRY NEWS SEP 28, 2023
Citigroup could sell $4B China wealth unit to HSBC

The firms are reportedly in talks as HSBC aims for domination in the region.

Foreign investors dump most Japan stocks since SVB collapse
NEWS INDUSTRY NEWS SEP 28, 2023
Foreign investors dump most Japan stocks since SVB collapse

US interest rates continue to impact foreign equity markets.