Industry News

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Another key executive to leave Goldman asset and wealth group?
NEWS PRACTICE MANAGEMENT SEP 01, 2023
Another key executive to leave Goldman asset and wealth group?

The New York Post report comes after a string of executives have left the group in recent months.

US house prices gain after 2 months, affordability weakest since 1984
NEWS INDUSTRY NEWS SEP 01, 2023
US house prices gain after 2 months, affordability weakest since 1984

Buying a home is becoming an increasingly elusive part of the American Dream.

Business leaders show growing optimism in US economy
NEWS INDUSTRY NEWS SEP 01, 2023
Business leaders show growing optimism in US economy

The share of executives calling for recession by year-end has also dropped sharply.

Stocks gain ahead of US jobs report
NEWS EQUITIES SEP 01, 2023
Stocks gain ahead of US jobs report

Markets await signal for economy and likely Fed direction.

Bitcoin ETF approval will spark a battle for lowest fees
NEWS ALTERNATIVES SEP 01, 2023
Bitcoin ETF approval will spark a battle for lowest fees

With the products looking similar, fees will be the difference.

Apollo Global positions for family office push
NEWS INDUSTRY NEWS SEP 01, 2023
Apollo Global positions for family office push

The firm has hired a BlackRock veteran to spearhead the advance.

Barclays directly targets private credit funds
NEWS INDUSTRY NEWS SEP 01, 2023
Barclays directly targets private credit funds

The bank has set aside cash to fund corporate debt purchase.

What proxy votes show about how dead ESG is
NEWS OPINION AUG 31, 2023
What proxy votes show about how dead ESG is

Support is down among big fund companies, but they haven't really changed their stances, and they're far from leading on sustainability issues.

Sorry, Fed Chair Powell, financial advisors watch their own economic indicators
NEWS INDUSTRY NEWS AUG 31, 2023
Sorry, Fed Chair Powell, financial advisors watch their own economic indicators

Advisors rely on signposts including the volume of calls they're getting from worried clients and how full the parking lot is at the mall.

LPL snatches $280m advisory team from Cetera
NEWS BROKER DEALERS AUG 31, 2023
LPL snatches $280m advisory team from Cetera

Legacy Wealth Advisors was looking for an easier place to do business and differentiated service, founder Kevin Loyd said.

Years of planning come to a head as Schwab's TD migration approaches
NEWS RIAS AUG 31, 2023
Years of planning come to a head as Schwab's TD migration approaches

InvestmentNews gains behind-the-scenes access to gauge the mood of execs and advisors as firm prepares to transition 7,000 RIAs and nearly 4 million client accounts.

UBS plans cost cuts after $29B Credit Suisse windfall
NEWS WIREHOUSES AUG 31, 2023
UBS plans cost cuts after $29B Credit Suisse windfall

The firm is targeting 3,000 domestic job cuts and more than $10 billion in cost savings.

UBS just smashed JPMorgan's record for quarterly bank profit
NEWS WIREHOUSES AUG 31, 2023
UBS just smashed JPMorgan's record for quarterly bank profit

Global firm's wealth management unit was among its star performers.

State Street investor confidence index posts biggest jump in 18 months
NEWS INDUSTRY NEWS AUG 31, 2023
State Street investor confidence index posts biggest jump in 18 months

The Americas lead gains across all regions as risk appetite grows.

Stocks gain as investors take 'bad news is good news' approach
NEWS INDUSTRY NEWS AUG 31, 2023
Stocks gain as investors take 'bad news is good news' approach

Traders are hoping weaker data will stall the Fed's aggressive monetary policy.

Why traders are ditching the euro
NEWS INDUSTRY NEWS AUG 31, 2023
Why traders are ditching the euro

The eurozone economy continues to struggle with inflationary pressures.

Portfolio Advisors partners with global investment firm for private markets offering
NEWS ALTERNATIVES AUG 31, 2023
Portfolio Advisors partners with global investment firm for private markets offering

The Connecticut-headquartered firm will help its partner to extend its offering for selected wealth management clients.

Engage with what scares you — it’ll grow your business
NEWS WOMEN ADVISOR COMMUNITY AUG 30, 2023
Engage with what scares you — it’ll grow your business

Sheryl Hickerson, CEO of Females & Finance and judge for the upcoming InvestmentNews Women to Watch Awards, explains how to make the most of your conference experience.

What kind of relationship do you and your acquirer have?
NEWS RIAS AUG 30, 2023
What kind of relationship do you and your acquirer have?

What's becoming evident is how tricky it is for wealth management firms to make the right match.

LPL snaps up advisory team with $350 million in assets
NEWS BROKER DEALERS AUG 30, 2023
LPL snaps up advisory team with $350 million in assets

The Scottsdale, Arizona-based duo, who have a combined four decades of wealth management experience, join from Valic Financial Advisors