Industry News

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$500M Louisiana team joins Raymond James
NEWS BROKER DEALERS SEP 26, 2023
$500M Louisiana team joins Raymond James

The five advisors will operate as Meyer Rotolo Wealth Management.

'Cash Flow King' podcast host charged with running $11M Ponzi scheme
NEWS REGULATION AND LEGISLATION SEP 26, 2023
'Cash Flow King' podcast host charged with running $11M Ponzi scheme

Matthew Motil is accused by the SEC of fraudulently raising money from investors.

Edward Jones picks up experienced $289M advisor from Charles Schwab
NEWS BROKER DEALERS SEP 26, 2023
Edward Jones picks up experienced $289M advisor from Charles Schwab

The advisor was with Schwab for 14 years following a military career.

Inflation is forcing some Americans to forego medical treatment
NEWS RETIREMENT PLANNING SEP 26, 2023
Inflation is forcing some Americans to forego medical treatment

Millions of people are likely already struggling to pay medical bills, report reveals.

Is private equity taking too many risks with debt structure?
NEWS INDUSTRY NEWS SEP 26, 2023
Is private equity taking too many risks with debt structure?

Some investors are concerned about industry and even financial system risk.

UBS hires trading veteran for US execution hub
NEWS INDUSTRY NEWS SEP 26, 2023
UBS hires trading veteran for US execution hub

The unit helps asset managers and hedge funds outsource trading desks.

Morgan Stanley says luxury industry heading for downturn
NEWS INDUSTRY NEWS SEP 26, 2023
Morgan Stanley says luxury industry heading for downturn

Wall St. firm says demand for luxury items is set to slow.

All Schwab’s bond ETFs now cost just 3 basis points
NEWS MUTUAL FUNDS SEP 25, 2023
All Schwab’s bond ETFs now cost just 3 basis points

The company is cutting fees on two fixed-income exchange-traded funds.

Debt levels, economic concerns forcing Americans to make tough choices
NEWS PRACTICE MANAGEMENT SEP 25, 2023
Debt levels, economic concerns forcing Americans to make tough choices

A Thrivent survey finds 53% of respondents would take a job working harder and longer hours to make and save more over making less money, but having more free time to do what they love.

Webinar for RIAs discusses annuities, retirement planning
NEWS RETIREMENT PLANNING SEP 25, 2023
Webinar for RIAs discusses annuities, retirement planning

The RIA LABS event looks at longevity risks and various products that can be used.

SEC fines Deutsche Bank subsidiary $19M for not keeping ESG promises
NEWS PRACTICE MANAGEMENT SEP 25, 2023
SEC fines Deutsche Bank subsidiary $19M for not keeping ESG promises

'The industry deserves to have the scrutiny that’s being placed on it,' says Ethan Powell, founder and CEO of Impact Shares.

LPL recruits $260 million group focusing on 403(b) plans
NEWS RETIREMENT PLANNING SEP 25, 2023
LPL recruits $260 million group focusing on 403(b) plans

The diverse practice in Albuquerque, New Mexico, is led by financial advisor Angelo Burns.

Vanguard plans first new actively managed ETFs in two years
NEWS MUTUAL FUNDS SEP 25, 2023
Vanguard plans first new actively managed ETFs in two years

Both new products would focus on the fixed-income market.

Planning for retirement? Here’s what you should know
NEWS RETIREMENT PLANNING SEP 25, 2023
Planning for retirement? Here’s what you should know

Advisors gives retirement advice ahead of RIA LABS webinar.

Nominations for Best Places to Work end Friday
NEWS INDUSTRY NEWS SEP 25, 2023
Nominations for Best Places to Work end Friday

Now in their seventh year, the awards highlight winning workplace cultures.

Future Proof plants its flag in the advisor industry event circuit
NEWS INDUSTRY NEWS SEP 25, 2023
Future Proof plants its flag in the advisor industry event circuit

In its second year, the beachside conference attracted almost 3,000 attendees, nearly double last year’s attendance.

Americans’ financial Independence Day takes decades, NCSU study reveals
NEWS INDUSTRY NEWS SEP 25, 2023
Americans’ financial Independence Day takes decades, NCSU study reveals

Millions of Americans will be relying on mom and dad for material support well into adulthood.

NFP acquires Divergent Wealth Advisors
NEWS RIAS SEP 25, 2023
NFP acquires Divergent Wealth Advisors

$675 million team headed by ex-Morgan Stanley alumni helps firm build presence in the West.

Wells Fargo attracting advisors to fast-growing indie channel
NEWS WIREHOUSES SEP 25, 2023
Wells Fargo attracting advisors to fast-growing indie channel

The Wall Street firm wants a bigger slice of the wealth management pie.

Are US consumer stocks facing shocks?
NEWS INDUSTRY NEWS SEP 25, 2023
Are US consumer stocks facing shocks?

Morgan Stanley's prominent equity bear says consumer spending will ease.