Industry News

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Goldman sees changing dynamic in the carbon markets
NEWS INDUSTRY NEWS AUG 06, 2024
Goldman sees changing dynamic in the carbon markets

Gas prices, carbon allowances pricing set to diverge.

Vast majority of households can handle a $400 emergency
NEWS INDUSTRY NEWS AUG 05, 2024
Vast majority of households can handle a $400 emergency

While most can deal with moderate financial shocks, different groups use different financial tools.

Advisor calls spike as stocks selloff
NEWS INDUSTRY NEWS AUG 05, 2024
Advisor calls spike as stocks selloff

The sudden downdraft in stocks is forcing wealth managers to calm anxious clients.

GPB's 8% yield as real as the Easter Bunny
NEWS ALTERNATIVES AUG 05, 2024
GPB's 8% yield as real as the Easter Bunny

GPB clients needed "that 8% to live and buy medicine," says one industry executive.

Volatility grips markets as US slowdown fears spark global selloff
NEWS INDUSTRY NEWS AUG 05, 2024
Volatility grips markets as US slowdown fears spark global selloff

The Nasdaq 100 and the S&P 500 benchmarks registered record drops as perfect storm of bearish signals hit investors.

Focus firm HoyleCohen to merge into Colony
NEWS RIAS AUG 05, 2024
Focus firm HoyleCohen to merge into Colony

The deal expected to close in the third quarter will see $3.6B get absorbed into the Colony Group’s continually growing book.

Fidelity announces new comprehensive, advisory tech offerings for smaller RIA firms
NEWS INDUSTRY NEWS AUG 05, 2024
Fidelity announces new comprehensive, advisory tech offerings for smaller RIA firms

The firm has collaborated with leading providers for new solutions.

Yes, AI is going to take your job
NEWS INDUSTRY NEWS AUG 05, 2024
Yes, AI is going to take your job

Well, it is if you are a financial analyst and you believe this new study.

What happened to those good intentions to put tax refunds in savings accounts?
NEWS INDUSTRY NEWS AUG 05, 2024
What happened to those good intentions to put tax refunds in savings accounts?

Back-to-school costs exacerbate savings challenges with many missing goals.

Bonds erase YTD losses as US outlook sours
NEWS INDUSTRY NEWS AUG 05, 2024
Bonds erase YTD losses as US outlook sours

Traders anticipate Fed cut of 1% in upcoming meetings.

Global stocks tumble, EMs see worst sell-off since 2022
NEWS INDUSTRY NEWS AUG 05, 2024
Global stocks tumble, EMs see worst sell-off since 2022

Traders are concerned that the Fed's dovish stance will slow US economy.

Weak private equity returns force US pensions to rely on stocks
NEWS INDUSTRY NEWS AUG 05, 2024
Weak private equity returns force US pensions to rely on stocks

But investors know that equities come with risks for retirees' funds.

Custom asset allocation model portfolios are gaining traction
NEWS INDUSTRY NEWS AUG 02, 2024
Custom asset allocation model portfolios are gaining traction

Asset manager model providers are prioritizing custom models as demand emerges among broker-dealers, RIA aggregators, and TAMPs.

Fed seen to hold steady as calls grow for jumbo September rate cut
NEWS INDUSTRY NEWS AUG 02, 2024
Fed seen to hold steady as calls grow for jumbo September rate cut

The marked slowdown in July jobs data has multiple voices on Wall Street predicting a half-point move next month.

LPL's latest B-D purchase cleans up before deal is final
NEWS INDUSTRY NEWS AUG 02, 2024
LPL's latest B-D purchase cleans up before deal is final

"This is a standard business practice: firms have to tidy up their books before a merger," says one industry executive.

Bringing families and finance together
NEWS INDUSTRY NEWS AUG 02, 2024
Bringing families and finance together

Advisor addresses one of the biggest financial planning problems - a lack of communication between generations.

Donor-advised funds spark bigger aid for nonprofits
NEWS INDUSTRY NEWS AUG 02, 2024
Donor-advised funds spark bigger aid for nonprofits

Survey research covering $10B in fundraising and 78 million transactions links DAF adoption to a doubling in annual giving.

Stock selloff accelerates following jobs-fuelled "growth scare"
NEWS INDUSTRY NEWS AUG 02, 2024
Stock selloff accelerates following jobs-fuelled "growth scare"

Nasdaq enters correction territory as jobs report adds to fears that the Federal Reserve is behind on rate cuts.

Cetera reveals latest credit union partnership with Cal Coast deal
NEWS INDUSTRY NEWS AUG 02, 2024
Cetera reveals latest credit union partnership with Cal Coast deal

With around $3.4B in assets and 200,000 members, California Coast Credit Union is joining Cetera’s financial institution arm from Osaic.

New DOJ whistleblowers program is now live, but how does it differ from the others?
NEWS INDUSTRY NEWS AUG 02, 2024
New DOJ whistleblowers program is now live, but how does it differ from the others?

The pilot program intends to fill gaps in existing schemes.