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Metaverse hype may have dulled, but Finra says it may put broker-dealers at risk
NEWS INDUSTRY NEWS OCT 25, 2024
Metaverse hype may have dulled, but Finra says it may put broker-dealers at risk

Report reveals regulator's research into metaverse usage in financial institutions.

Equity investors face tests in 'coin toss' moments
NEWS INDUSTRY NEWS OCT 25, 2024
Equity investors face tests in 'coin toss' moments

Markets are cooling but no signals of bigger correction.

Meta, Google, TikTok facing school district lawsuits
NEWS INDUSTRY NEWS OCT 25, 2024
Meta, Google, TikTok facing school district lawsuits

Big tech firms stand accused of damaging students' mental health.

Cat bond investors avoided major losses from Milton
NEWS INDUSTRY NEWS OCT 25, 2024
Cat bond investors avoided major losses from Milton

Returns could still be as high as 12%.

Citi looks to boost wealth arm with better lures for advisors
NEWS WIREHOUSES OCT 24, 2024
Citi looks to boost wealth arm with better lures for advisors

The Wall Street giant is reportedly sweetening its recruitment packages for top-gun professionals as it continues to navigate a yearslong compliance cleanup.

At Boeing, pension plan is up in the air, and 401(k) is grounded
NEWS RETIREMENT PLANNING OCT 24, 2024
At Boeing, pension plan is up in the air, and 401(k) is grounded

Union machinists reject an offer from the company that included a 35 percent pay increase and up to a 12 percent annual contribution from the company toward workers' 401(k)s.

Amid ESG backlash, responsible investors are holding on to their commitments
NEWS ESG OCT 24, 2024
Amid ESG backlash, responsible investors are holding on to their commitments

While one-fifth of asset managers have dropped the ESG label, more than half still believe the data has value in mitigating risks and boosting returns.

Dynasty Financial firm Americana Partners gets backing from Lovell Minnick Partners
NEWS RIAS OCT 24, 2024
Dynasty Financial firm Americana Partners gets backing from Lovell Minnick Partners

The $8.5B AUM ultra-high-net-worth firm is looking to its next phase of growth fueled by a strategic private equity investment.

LPL lands $800M advisor group from Osaic
NEWS BROKER DEALERS OCT 24, 2024
LPL lands $800M advisor group from Osaic

The independent broker-dealer's newest affiliate team offers planning and wealth management services to executives, engineers and medical practitioners.

The Trump tax cuts are expiring, so what are advisors saying?
NEWS TAX OCT 24, 2024
The Trump tax cuts are expiring, so what are advisors saying?

Wealth managers discuss their plans for the sunsetting of the 2017 Tax Cuts & Jobs Act.

Modern Wealth snaps up $1.4B Pesto Financial in biggest-ever transaction
NEWS RIAS OCT 24, 2024
Modern Wealth snaps up $1.4B Pesto Financial in biggest-ever transaction

The deal for the Idaho-based RIA vaults Modern Wealth past the $6B mark as it makes its freshman foray into the Pacific Northwest.

Almost half of Americans living paycheck to paycheck resulting in some tough choices
NEWS INDUSTRY NEWS OCT 24, 2024
Almost half of Americans living paycheck to paycheck resulting in some tough choices

Holiday spending will be reduced for many as belts tighten.

Equity-rich homes remain above historic levels, but gains are slowing
NEWS INDUSTRY NEWS OCT 24, 2024
Equity-rich homes remain above historic levels, but gains are slowing

Report also reveals changes in the number of homes underwater.

Tesla gains following surprisingly strong earnings
NEWS INDUSTRY NEWS OCT 24, 2024
Tesla gains following surprisingly strong earnings

Car maker expects 30% surge in sales in 2025.

Florida Pension wants to slash $4B of exposure to private debt
NEWS INDUSTRY NEWS OCT 24, 2024
Florida Pension wants to slash $4B of exposure to private debt

State pension board is said to be considering significant sale.

Crypto Trump trade may not be so good after all
NEWS INDUSTRY NEWS OCT 24, 2024
Crypto Trump trade may not be so good after all

Bitcoin gains have cooled as markets take stock.

Financial services tech impact will shape UBS future, says Ermotti
NEWS INDUSTRY NEWS OCT 24, 2024
Financial services tech impact will shape UBS future, says Ermotti

Firm's chief has been speaking at the IMF conference in Washington.

As Osaic consolidation winds down, are job cuts on the horizon?
NEWS RIAS OCT 23, 2024
As Osaic consolidation winds down, are job cuts on the horizon?

“With this rapid pace of change, there is always the potential for attrition and elimination of duplicative roles as natural outcomes," said Dimple Shah, executive vice president.

Deficit spending, a boost for AI, and what to expect post-election in the markets
NEWS INDUSTRY NEWS OCT 23, 2024
Deficit spending, a boost for AI, and what to expect post-election in the markets

The deficit will remain high or increase regardless, and some sectors will benefit from regulation stances more so than others, panelists at Franklin Templeton said.

"Mac" McQuown, father of the original index fund, passes away
NEWS INDUSTRY NEWS OCT 23, 2024
"Mac" McQuown, father of the original index fund, passes away

In memoriam: Industry mourns the pioneering engineer-turned-banker who kickstarted the $12T passive revolution.