Industry News

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Tesla's supercomputer could spark surge in market value
NEWS INDUSTRY NEWS SEP 11, 2023
Tesla's supercomputer could spark surge in market value

Dojo could do for the EV firm what cloud computing has done for Amazon.

What to watch in EMs even as China flounders
NEWS INDUSTRY NEWS SEP 11, 2023
What to watch in EMs even as China flounders

Emerging market ETFs are attracting cash to non-China strategies.

How a former teacher is educating the world about 403(b)s
NEWS RETIREMENT PLANNING SEP 10, 2023
How a former teacher is educating the world about 403(b)s

Authoritative and personable, with an underdog spirit, InvestmentNews Innovator Dan Otter is on a mission to root out bad retirement plans and investments for teachers.

Staying home to raise kids has retirement repercussions, study finds
NEWS RETIREMENT PLANNING SEP 08, 2023
Staying home to raise kids has retirement repercussions, study finds

Women should ensure spouse's wealth is aligned to long-term goals of both, says Schwab Wealth Advisory director.

After fee fight, latest Schorsch REIT merger OK'd
NEWS ALTERNATIVES SEP 08, 2023
After fee fight, latest Schorsch REIT merger OK'd

'We maintain our view that this represents an overly generous payment to the manager,' Institutional Shareholder Services says of the fee resulting from the deal.

ETF inflows were $137B in Q2, but what's next for the industry?
NEWS ETFS SEP 08, 2023
ETF inflows were $137B in Q2, but what's next for the industry?

Vanguard says investors are returning to risk assets.

LPL welcomes $205M team to its employee advisor channel
NEWS BROKER DEALERS SEP 08, 2023
LPL welcomes $205M team to its employee advisor channel

A new firm is born in Houston with Linsco by LPL Financial.

CFTC crackdown on DeFi firms' unlawful transactions
NEWS INDUSTRY NEWS SEP 08, 2023
CFTC crackdown on DeFi firms' unlawful transactions

Regulator says that firms believe smart contracts allow unregistered trading.

Dallas Fed president says rates may have to go higher
NEWS INDUSTRY NEWS SEP 08, 2023
Dallas Fed president says rates may have to go higher

Lorie Logan says there may be a skip this month but more hikes may be needed.

Goldman underperformers could be out next month
NEWS PRACTICE MANAGEMENT SEP 08, 2023
Goldman underperformers could be out next month

The Wall Street bank is likely to shed 1% to 5% of its workforce in annual review.

Former FTX executive pleads guilty to criminal charges
NEWS INDUSTRY NEWS SEP 08, 2023
Former FTX executive pleads guilty to criminal charges

Ryan Salame headed up the collapsed crypto exchange’s Bahamas subsidiary.

Dollar to strengthen well into 2024 says HSBC
NEWS INDUSTRY NEWS SEP 08, 2023
Dollar to strengthen well into 2024 says HSBC

Forecast marks a u-turn from the global bank's previous view.

Food prices are lower but supply issues could change that
NEWS INDUSTRY NEWS SEP 08, 2023
Food prices are lower but supply issues could change that

Staples such as cooking oils and dairy are in abundance but grain and rice prices could face upward pressure.

Two startups merge into $1.2 billion digital family office
NEWS FINTECH SEP 07, 2023
Two startups merge into $1.2 billion digital family office

Compound, a financial and tax advisory service for tech executives, is joining Alternativ Wealth, a digital RIA, to form Compound Planning.

Finra arbitrators order expelled brokerage to pay $3.2M for excessive trading
NEWS REGULATION AND LEGISLATION SEP 07, 2023
Finra arbitrators order expelled brokerage to pay $3.2M for excessive trading

'It’s the most extreme churning I’ve seen in more than 40 years,' the investor's lawyer says.

Osaic nabs veteran Wells Fargo group managing $600 million in Michigan
NEWS BROKER DEALERS SEP 07, 2023
Osaic nabs veteran Wells Fargo group managing $600 million in Michigan

Labor Day weekend is a traditional time for financial advisors to leave one firm and be recruited by another.

Ultra-rich hate 'trust fund monsters' more than taxes, study shows
NEWS RETIREMENT PLANNING SEP 07, 2023
Ultra-rich hate 'trust fund monsters' more than taxes, study shows

Clients with $25 million-plus require the most hand-holding from financial advisors.

21Shares and Ark file for first US spot ether ETF
NEWS ALTERNATIVES SEP 07, 2023
21Shares and Ark file for first US spot ether ETF

The filing comes as the race to win approval for the first US spot bitcoin fund intensifies.

Where is the investment industry headed and how can professionals prepare?
NEWS INDUSTRY NEWS SEP 07, 2023
Where is the investment industry headed and how can professionals prepare?

CFA Institute muses industry future as it launches new research center.

Team with $145M practice switches to Cetera Advisor Networks
NEWS BROKER DEALERS SEP 07, 2023
Team with $145M practice switches to Cetera Advisor Networks

North Carolina advisor team was previously affiliated with Securities America.