Industry News

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Only one of the world's biggest firms of 2000 is still in the top 10 today
NEWS EQUITIES SEP 14, 2023
Only one of the world's biggest firms of 2000 is still in the top 10 today

What were the biggest companies in the world by market cap in 2000 and 1980?

Cetera deal for Avantax shows boom continues for wealth management assets
NEWS BROKER DEALERS SEP 13, 2023
Cetera deal for Avantax shows boom continues for wealth management assets

The price tag Cetera paid for Avantax was 180% of its revenues last year, an unthinkable sum for a broker-dealer just a few years ago.

August CPI pushes 2024 COLA forecast up 3.2%
NEWS RETIREMENT PLANNING SEP 13, 2023
August CPI pushes 2024 COLA forecast up 3.2%

The resulting increase would raise the average monthly retiree benefit of $1,790 by $57.30.

U.S. lags globally on retirement due to health, quality of life issues
NEWS RETIREMENT PLANNING SEP 13, 2023
U.S. lags globally on retirement due to health, quality of life issues

Academics suggest improvements to the savings system and restoring the solvency of Social Security.

Why millionaires value their advisors for their long-term financial planning
NEWS INDUSTRY NEWS SEP 13, 2023
Why millionaires value their advisors for their long-term financial planning

But for those without a plan, running out of retirement savings is concerning.

US futures steady as CPI data is awaited
NEWS INDUSTRY NEWS SEP 13, 2023
US futures steady as CPI data is awaited

Official stats released Wednesday with further key data later.

Binance US CEO exits as firm slashes headcount
NEWS INDUSTRY NEWS SEP 13, 2023
Binance US CEO exits as firm slashes headcount

Regulatory crackdown adds to Miami-based firm's challenges.

Fund managers warning to semiconductor investors
NEWS INDUSTRY NEWS SEP 13, 2023
Fund managers warning to semiconductor investors

Industry requires large volumes of water, that's concerning.

Can AI detect misconduct by rogue traders?
NEWS INDUSTRY NEWS SEP 13, 2023
Can AI detect misconduct by rogue traders?

Deutsche Bank is testing tools that could detect wrongdoing.

Why are Americans snapping up Scotland's high-end homes?
NEWS INDUSTRY NEWS SEP 13, 2023
Why are Americans snapping up Scotland's high-end homes?

Real estate firm reports surge in buyers from the US.

SEC Chair Gensler fires back at GOP critics
NEWS FINTECH SEP 12, 2023
SEC Chair Gensler fires back at GOP critics

Leader accused of proposing regulations that are ‘sowing discord and confusion.'

Jamie Hopkins to leave Carson Group
NEWS ADVISOR MOVES SEP 12, 2023
Jamie Hopkins to leave Carson Group

We'll miss his leadership and passion for profession, says RIA

Does low knowledge of annuities help explain low adoption among advisors?
NEWS OPINION SEP 12, 2023
Does low knowledge of annuities help explain low adoption among advisors?

As advisors' knowledge about annuities increases, so does their perception of these products.

Homrich Berg announces C-suite change
NEWS RIAS SEP 12, 2023
Homrich Berg announces C-suite change

Thomas Carroll to replace Andy Berg at the RIA's helm in 2024.

US may dodge recession but concerns remain, say bank chief economists
NEWS INDUSTRY NEWS SEP 12, 2023
US may dodge recession but concerns remain, say bank chief economists

American Bankers Association expert panel expects growth, but at a slower pace than we've had so far in 2023.

Father-son financial advisors launch Climer Wealth Management Group
NEWS BROKER DEALERS SEP 12, 2023
Father-son financial advisors launch Climer Wealth Management Group

Michael and Wes Climer join Linsco by LPL Financial from Wells Fargo.

VettaFi acquisition will enhance indexing capabilities for asset managers
NEWS INDUSTRY NEWS SEP 12, 2023
VettaFi acquisition will enhance indexing capabilities for asset managers

The deal brings new custom indexing design expertise to the business.

Judge orders high-stakes Feinstein family feud out of court
NEWS RETIREMENT PLANNING SEP 12, 2023
Judge orders high-stakes Feinstein family feud out of court

The case involving the US senator will now move to private mediation.

Global interest rates set to remain higher for longer
NEWS INDUSTRY NEWS SEP 12, 2023
Global interest rates set to remain higher for longer

Seven major economies will decide rates moves in the next week or so.

Joe Duran details his next venture at Future Proof
NEWS RIAS SEP 11, 2023
Joe Duran details his next venture at Future Proof

Entrepreneur says Rise Growth, a firm that will provide funding and strategies for the next generation of national RIAs, will launch in 2024.