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Zuckerberg now second richest person as Meta gains
NEWS INDUSTRY NEWS OCT 04, 2024
Zuckerberg now second richest person as Meta gains

Facebook founder overtakes Amazon's Bezos.

Departing Gurbir Grewal took the SEC "into new territory"
NEWS REGULATION AND LEGISLATION OCT 03, 2024
Departing Gurbir Grewal took the SEC "into new territory"

Having led the division of enforcement since 2021, Grewal's tenure included record penalties against firms for securities-law violations.

Choosing the name of your new RIA is "like getting married"
NEWS PRACTICE MANAGEMENT OCT 03, 2024
Choosing the name of your new RIA is "like getting married"

Name for new business should consist of values, beliefs and "the why", advisors say

B. Riley sees another top advisor jump ship
NEWS BROKER DEALERS OCT 03, 2024
B. Riley sees another top advisor jump ship

“It makes you wonder what’s next,” says one recruiter.

Vanguard Charitable cheers $20B grant milestone
NEWS INDUSTRY NEWS OCT 03, 2024
Vanguard Charitable cheers $20B grant milestone

The leading non-profit and donor-advised fund sponsor cited exponential growth in giving, particularly among long-term philanthropic investors.

Focus Financial partner Kovitz to absorb Fort Pitt Capital
NEWS RIAS OCT 03, 2024
Focus Financial partner Kovitz to absorb Fort Pitt Capital

The latest development will add $5.9B to the Chicago-based powerhouse while extending its reach in Pennsylvania.

Senator Warren calls for curbs on "too big to manage" Citigroup
NEWS WIREHOUSES OCT 03, 2024
Senator Warren calls for curbs on "too big to manage" Citigroup

The US Senator pressed regulators to place growth restrictions on the Wall Street giant, citing repeated failures in its compliance and risk management.

OpenAI doubles valuation to $157B with one of the largest-ever private investments
NEWS INDUSTRY NEWS OCT 03, 2024
OpenAI doubles valuation to $157B with one of the largest-ever private investments

The firm says new investment will 'scale the benefits of AI'.

Two-pronged combo can balance retirement income and liquidity, says T. Rowe Price
NEWS LIFE INSURANCE AND ANNUITIES OCT 03, 2024
Two-pronged combo can balance retirement income and liquidity, says T. Rowe Price

Investment manager's white paper suggests a rethink for 'common misunderstanding'.

Oil set for further gains amid Middle East risks
NEWS INDUSTRY NEWS OCT 03, 2024
Oil set for further gains amid Middle East risks

Investors are betting on further price rises, options show

US venture deals at $38B in third quarter, but focus was limited
NEWS INDUSTRY NEWS OCT 03, 2024
US venture deals at $38B in third quarter, but focus was limited

AI took a large share of the cash, distributions lackluster.

Institutional adoption of digital-asset transactions to take key step
NEWS INDUSTRY NEWS OCT 03, 2024
Institutional adoption of digital-asset transactions to take key step

Banks will be able to conduct live trials on the Swift network in 2025.

SEC appeals $125M fine for digital token firm having sought $2B
NEWS INDUSTRY NEWS OCT 03, 2024
SEC appeals $125M fine for digital token firm having sought $2B

Ripple Labs says the commission should move on from the case.

Bonds slide, dollar climbs following jobs surprise
NEWS EQUITIES OCT 02, 2024
Bonds slide, dollar climbs following jobs surprise

New employment numbers muddle the picture for Wall Street investors betting on a big Fed cut.

HSAs have made progress, but there's still room for more
NEWS INDUSTRY NEWS OCT 02, 2024
HSAs have made progress, but there's still room for more

After $123B asset record, Morningstar report highlights positives and recommendations to help investors in the health savings account space.

High-earning millennials 'don't know what to do with their money'
NEWS PRACTICE MANAGEMENT OCT 02, 2024
High-earning millennials 'don't know what to do with their money'

Advisor talks about how he saw an opportunity to leverage his youth and familiarity with the next generation, some of whom are earning up to $300,000 a month.

Dan Arnold, the ultimate LPL survivor, done in by his own words
NEWS BROKER DEALERS OCT 02, 2024
Dan Arnold, the ultimate LPL survivor, done in by his own words

Will LPL Financial Holdings Inc. be dragged through the mud in the wake of Arnold’s firing?

Raymond James nabs $600M advisor duo from Merrill
NEWS BROKER DEALERS OCT 02, 2024
Raymond James nabs $600M advisor duo from Merrill

The newest hires at RayJay's bring over half a century of experience to its employee advisor channel in California.

Mission Wealth deepens Midwest roots with Stonepath merger
NEWS RIAS OCT 02, 2024
Mission Wealth deepens Midwest roots with Stonepath merger

The $9.1B RIA is welcoming its 38th shareholder while strengthening its presence in the greater Chicago wealth market within Illinois.

Wealth Enhancement Group widens East Coast footprint with $2.39B hybrid RIA
NEWS INDUSTRY NEWS OCT 02, 2024
Wealth Enhancement Group widens East Coast footprint with $2.39B hybrid RIA

The national independent beefs up its more than $94.7B enterprise with a 14-advisor team in headquartered in South Carolina.