Industry News

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Oil futures gain as money managers reverse positions
NEWS INDUSTRY NEWS OCT 07, 2024
Oil futures gain as money managers reverse positions

Intensified tensions in the Middle East is fueling bullish bets.

Gold slips as traders weigh smaller rate cuts
NEWS INDUSTRY NEWS OCT 07, 2024
Gold slips as traders weigh smaller rate cuts

Strong US economy may restrict Fed's rates trajectory.

A welcome mat into financial planning
NEWS RETIREMENT PLANNING OCT 06, 2024
A welcome mat into financial planning

The pandemic hit and internships were in chaos but Hannah Moore saw an opportunity.

RIAs need to visit universities to attract students
NEWS RIAS OCT 04, 2024
RIAs need to visit universities to attract students

RIAs need to find universities that offer financial planning programs and sponsor or host events, advisor suggests.

Orion deepens Capital Group alliance with ETF portfolio tie-up
NEWS FINTECH OCT 04, 2024
Orion deepens Capital Group alliance with ETF portfolio tie-up

The leading wealth tech provider is helping more advisors access active ETF models through its exclusive partnership.

JPMorgan client who lost $50M amid dementia battle denied trial
NEWS RETIREMENT PLANNING OCT 04, 2024
JPMorgan client who lost $50M amid dementia battle denied trial

Case of once-wealthy family highlights risks, raises questions on firms' duties to sophisticated investors suffering cognitive decline.

Stifel loses huge $14.2 million arbitration claim linked to star Miami broker
NEWS BROKER DEALERS OCT 04, 2024
Stifel loses huge $14.2 million arbitration claim linked to star Miami broker

“The evidence in this case was overwhelming,” says an attorney.

$9B Gateway Investment Advisers names Julie Schmuelling president
NEWS INDUSTRY NEWS OCT 04, 2024
$9B Gateway Investment Advisers names Julie Schmuelling president

The move marks the culmination of a decade-long journey for the new leader at the Ohio-based RIA and Natixis affiliate firm.

How to help high-net-worth clients save on soaring insurance costs
NEWS LIFE INSURANCE AND ANNUITIES OCT 04, 2024
How to help high-net-worth clients save on soaring insurance costs

A HUB International strategist offers tips for reducing skyrocketing insurance bills.

UBS scores $400M veteran advisor from Merrill
NEWS WIREHOUSES OCT 04, 2024
UBS scores $400M veteran advisor from Merrill

The wirehouse's latest addition in Manchester, New Hampshire arrives with more than two decades of industry experience.

Financial literacy gaps create fiscal challenges for half of business owners
NEWS INDUSTRY NEWS OCT 04, 2024
Financial literacy gaps create fiscal challenges for half of business owners

Poll of small businesses finds financial concerns become a priority as tax, budget, and cash flow management issues come home to roost.

Missouri deals another blow against Biden's latest student debt plan
NEWS INDUSTRY NEWS OCT 04, 2024
Missouri deals another blow against Biden's latest student debt plan

The US president's effort to forgive $73B in student debt is facing stubborn resistance from a handful of Republican-led states.

BMO US Private Wealth deepens Law Firm Group bench
NEWS INDUSTRY NEWS OCT 04, 2024
BMO US Private Wealth deepens Law Firm Group bench

The firm's additions in California and New York comprise 18 professionals with over 150 years of collective experience.

Treasury yields rise in wake of blowout jobs data
NEWS FIXED INCOME OCT 04, 2024
Treasury yields rise in wake of blowout jobs data

Market expectations of another supersized Fed rate cut were dented further following the latest Labor department release.

Perigon Wealth Management eyes growth with leadership shakeup
NEWS RIAS OCT 04, 2024
Perigon Wealth Management eyes growth with leadership shakeup

The San Francisco-based RIA hires a new CFO and two industry veterans, alums of Mather Group and Colony Group, to inaugural director positions.

Jobs data anticipated but will it be nudge the Fed needs to cut again?
NEWS INDUSTRY NEWS OCT 04, 2024
Jobs data anticipated but will it be nudge the Fed needs to cut again?

Markets are expecting another signal of strong US economy

Edward Jones welcomes back 'boomerang' advisor in Iowa
NEWS INDUSTRY NEWS OCT 04, 2024
Edward Jones welcomes back 'boomerang' advisor in Iowa

Seasoned industry veteran returns to the firm where he started his career.

Citi says it cannot be responsible for trader's conduct
NEWS INDUSTRY NEWS OCT 04, 2024
Citi says it cannot be responsible for trader's conduct

ICAP broker alleges harassment by Citi trader

BofA's Harnett says one thing could spark risk-on rally
NEWS INDUSTRY NEWS OCT 04, 2024
BofA's Harnett says one thing could spark risk-on rally

Strategist says the bulls are in control.

Blackstone expects private credit market to soar to $30T
NEWS INDUSTRY NEWS OCT 04, 2024
Blackstone expects private credit market to soar to $30T

Asset manager says current level if just a 'slither' of the opportunity.