Industry News

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Mesirow adds $1.2B firm to wealth management offering
NEWS RIAS SEP 19, 2023
Mesirow adds $1.2B firm to wealth management offering

New addition is an employee-owned firm based in Chicago.

JPMorgan shares why advisors should serve needs of diverse investors
NEWS RETIREMENT PLANNING SEP 19, 2023
JPMorgan shares why advisors should serve needs of diverse investors

Black and Hispanic women are gaining confidence in their investing knowledge.

Why rising oil prices are not what the Fed needs right now
NEWS INDUSTRY NEWS SEP 19, 2023
Why rising oil prices are not what the Fed needs right now

Despite expectation for a hold-steady by the Fed this week, higher energy costs could derail soft-landing

Global economy to slow says OECD
NEWS INDUSTRY NEWS SEP 19, 2023
Global economy to slow says OECD

The impact of higher interest rates is impacting growth.

UBS to set out US growth plan, but not until early 2024
NEWS WIREHOUSES SEP 19, 2023
UBS to set out US growth plan, but not until early 2024

Diversified revenue streams and Credit Suisse integration are key components.

High-yield debt issuance to accelerate, says BlackRock
NEWS FIXED INCOME SEP 19, 2023
High-yield debt issuance to accelerate, says BlackRock

Global issuance for leveraged loans and high-yield bonds jumped to over $40 billion this month.

Citigroup launches digital token service
NEWS ALTERNATIVES SEP 19, 2023
Citigroup launches digital token service

The firm is widening its digital assets offering to institutional investors.

Morgan Stanley sued for $750M by private equity firms claiming fraud
NEWS WIREHOUSES SEP 18, 2023
Morgan Stanley sued for $750M by private equity firms claiming fraud

The disputed deal involved a loan to Miami-based Brightline Holdings, which is developing a high-speed rail line between Los Angeles and Las Vegas.

LPL adds $1.2 billion pair from Morgan Stanley
NEWS BROKER DEALERS SEP 18, 2023
LPL adds $1.2 billion pair from Morgan Stanley

The California-based father-son team cite LPL’s resources for serving high-net-worth clients.

Commonwealth adds Avantax team overseeing $223M
NEWS BROKER DEALERS SEP 18, 2023
Commonwealth adds Avantax team overseeing $223M

Waukesha, Wisconsin-based R&R Wealth aims to reach $1 billion in assets in next four years.

Advisory team leaves Wells Fargo for Raymond James
NEWS INDUSTRY NEWS SEP 18, 2023
Advisory team leaves Wells Fargo for Raymond James

Team managed more than $170 million and say move will fuel their business.

What you need to know for the week ahead
NEWS INDUSTRY NEWS SEP 18, 2023
What you need to know for the week ahead

Cheap IPOs, home prices and what's the Fed going to do?

Citi takes significant step in revolutionizing the global bond market
NEWS FIXED INCOME SEP 18, 2023
Citi takes significant step in revolutionizing the global bond market

Wall Street firm says it is investing in the future of digital financial market infrastructure.

Markets prep for big week of rates, data
NEWS INDUSTRY NEWS SEP 18, 2023
Markets prep for big week of rates, data

US, Japan, UK rates among key events this week.

2024 to be a tough one for equities, says Morgan Stanley
NEWS EQUITIES SEP 18, 2023
2024 to be a tough one for equities, says Morgan Stanley

Bearish strategist Michael Wilson sees challenging times ahead for riak assets.

Can investors still rely on strategists?
NEWS INDUSTRY NEWS SEP 18, 2023
Can investors still rely on strategists?

Many have been forced to admit they got forecasts wrong in 2023.

How to win with EMs right now
NEWS INDUSTRY NEWS SEP 18, 2023
How to win with EMs right now

A winning strategy for emerging market investing is becoming clearer.

Credit Suisse, BofA debt swaps under scrutiny
NEWS INDUSTRY NEWS SEP 18, 2023
Credit Suisse, BofA debt swaps under scrutiny

Probe will consider if bond deals amount to 'bluewashing'.

SEC regulations give 'short shrift' to potential cost for small advisors
NEWS RIAS SEP 15, 2023
SEC regulations give 'short shrift' to potential cost for small advisors

Investment Adviser Association files petition pushing agency to make number of staff, not AUM, the deciding factor in defining a firm as 'small.'

No office, no asset minimum, no problem
NEWS PRACTICE MANAGEMENT SEP 15, 2023
No office, no asset minimum, no problem

Valkyrie Financial's Sarah Paulson wants to help fellow millennials and empower women.