Industry News

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Take off, TikTok! Advisors still Americans’ top source for financial advice
NEWS RETIREMENT PLANNING JUL 24, 2023
Take off, TikTok! Advisors still Americans’ top source for financial advice

Millennials in a Northwestern Mutual study say they turn to flesh-and-blood financial advisors for guidance over all other sources.

Kingsview Partners expands on Texas Panhandle with $600M Edward Jones advisors
NEWS ADVISOR MOVES JUL 24, 2023
Kingsview Partners expands on Texas Panhandle with $600M Edward Jones advisors

A family of three advisors has joined the firm, its second expansion in the region in the past two months at the expense of Edward Jones.

Most Americans have a financial regret but what’s most prevalent?  
NEWS RETIREMENT PLANNING JUL 24, 2023
Most Americans have a financial regret but what’s most prevalent?  

With personal finances under strain for millions of Americans, most are wishing they had done things differently.

Poor start for equities ahead of rate decisions, earnings
NEWS INDUSTRY NEWS JUL 24, 2023
Poor start for equities ahead of rate decisions, earnings

Weaker-than-expected data is adding to the negative sentiment early Monday.

Companies with $27T market value report earnings this week
NEWS INDUSTRY NEWS JUL 24, 2023
Companies with $27T market value report earnings this week

What will the high-value corporate earnings season do to stock markets?

Permanent remote supervision? Not so fast
NEWS REGULATION AND LEGISLATION JUL 24, 2023
Permanent remote supervision? Not so fast

The industry’s frustration is understandable. But state regulators and the plaintiff’s bar have a point, too.

Jury's out as market rejects mega RIAs
NEWS RIAS JUL 24, 2023
Jury's out as market rejects mega RIAs

IPOs may still be a road to riches for giant aggregators, but critics say hurdles remain.

State auto-IRA programs bring red and blue together
NEWS RETIREMENT PLANNING JUL 24, 2023
State auto-IRA programs bring red and blue together

The push for the retirement plans is winning a vote not only from state representatives but also from across the aisle.

Top fee-only RIAs in 2023
NEWS RIAS JUL 21, 2023
Top fee-only RIAs in 2023

Here's a list of the biggest fee-only registered investment advisors, based on the data firms report to the SEC on their Form ADV.

Should you tell your kids how much they'll inherit?
NEWS RETIREMENT PLANNING JUL 21, 2023
Should you tell your kids how much they'll inherit?

The Great Wealth Transfer is underway, but advisors say open dialogue within families is crucial to success.

Lingering pain for clients of defunct broker-dealer
NEWS ALTERNATIVES JUL 21, 2023
Lingering pain for clients of defunct broker-dealer

The egregious case of Jamie Worden and the continuing issue of unpaid arbitration awards.

Trump-linked SPAC to pay $18M fine to SEC over 'material misrepresentations'
NEWS REGULATION AND LEGISLATION JUL 21, 2023
Trump-linked SPAC to pay $18M fine to SEC over 'material misrepresentations'

Share price soars on news.

Goldman Sachs, Morgan Stanley and others spend $1 billion on redundancies
NEWS PRACTICE MANAGEMENT JUL 21, 2023
Goldman Sachs, Morgan Stanley and others spend $1 billion on redundancies

More job cuts to come, meanwhile JPMorgan is hiring.

Investors are bullish but expect continued market volatility, says Morgan Stanley
NEWS INDUSTRY NEWS JUL 21, 2023
Investors are bullish but expect continued market volatility, says Morgan Stanley

Investor sentiment is rising along with expectation of the Fed navigating a soft landing.

Former $245M Wells Fargo advisors launch own firm with LPL Financial
NEWS INDUSTRY NEWS JUL 21, 2023
Former $245M Wells Fargo advisors launch own firm with LPL Financial

Duo joins the employee advisor channel, while another $250M team chooses LPL’s platforms.

Corporate earnings in focus, Fed direction remains uncertain
NEWS INDUSTRY NEWS JUL 21, 2023
Corporate earnings in focus, Fed direction remains uncertain

Markets start Friday subdued as data suggests rate rises may continue.

Elon Musk loses $20B but remains world's wealthiest
NEWS INDUSTRY NEWS JUL 21, 2023
Elon Musk loses $20B but remains world's wealthiest

Tesla stock declined Thursday putting Musk just $33B ahead of luxury goods tycoon Bernard Arnault in the rich list.

ETF strategy designed for night owls gets a wake-up call
NEWS RIAS JUL 20, 2023
ETF strategy designed for night owls gets a wake-up call

NightShares shutters two ETFs that only invest when the market is closed.

Renting out a second home is no vacation!
NEWS INDUSTRY NEWS JUL 20, 2023
Renting out a second home is no vacation!

Many property owners aren't aware of the potential risks associated with the booming short-term rental industry.

Sequoia Financial Group to expand with acquisition of Cleveland wealth manager
NEWS INDUSTRY NEWS JUL 20, 2023
Sequoia Financial Group to expand with acquisition of Cleveland wealth manager

Cirrus Wealth Management has $387 million in assets and a team of 12 led by a 30-year veteran of the industry.