Industry News

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Wall Street veteran 'Dr Doom' to enter $9.4T ETF space
NEWS ETFS JUL 31, 2024
Wall Street veteran 'Dr Doom' to enter $9.4T ETF space

Economist Nouriel Roubini is co-founder of Atlas Capital Team.

Major central bank may hold rates amid stubborn inflation
NEWS INDUSTRY NEWS JUL 31, 2024
Major central bank may hold rates amid stubborn inflation

The Fed is not the only policymaker that is keeping investors waiting.

Accounting rulemaker says climate risk should be more prominent
NEWS INDUSTRY NEWS JUL 31, 2024
Accounting rulemaker says climate risk should be more prominent

IASB wants to see it reflected in balance sheets, financial statements.

Despite tight budgets, Americans still want their cup of Joe
NEWS INDUSTRY NEWS JUL 31, 2024
Despite tight budgets, Americans still want their cup of Joe

Starbucks results in line with expectations as fewer customers spend more.

Home is where the wealth is. Advisors discuss home prices and financial planning
NEWS INDUSTRY NEWS JUL 30, 2024
Home is where the wealth is. Advisors discuss home prices and financial planning

Home prices are showing signs of peaking and wealth managers may have to deal with the changing situation.

Court tosses elderly Hermes heir's $13B fraud claim against ex-wealth manager
NEWS INDUSTRY NEWS JUL 30, 2024
Court tosses elderly Hermes heir's $13B fraud claim against ex-wealth manager

Court ruling says allegation of "gigantic fraud" could not be proven as the octogenarian placed "blind trust" in his former advisor.

SEC claims B-D, advisor violated Reg BI in GWG bond sales
NEWS ALTERNATIVES JUL 30, 2024
SEC claims B-D, advisor violated Reg BI in GWG bond sales

"This was not a systemic issue for us," says LifeMark Securities' CEO James Prisco.

Robertson Stephens welcomes $530M Ratio Wealth
NEWS INDUSTRY NEWS JUL 30, 2024
Robertson Stephens welcomes $530M Ratio Wealth

The national RIA’s latest deal in Colorado, also its largest ever, has vaulted it past $6.5B in advisory assets.

Ameriprise accuses LPL of shady recruitment tactics
NEWS INDUSTRY NEWS JUL 30, 2024
Ameriprise accuses LPL of shady recruitment tactics

Lawsuit claims LPL leaves advisors criminally liable as it encourages new recruits to take confidential information.

Prime Capital names new president for Liberty Wealth Advisors
NEWS INDUSTRY NEWS JUL 30, 2024
Prime Capital names new president for Liberty Wealth Advisors

The Kansas-based RIA’s latest promotion will oversee its subsidiary firm’s continued leadership as a remote financial planning provider.

Bill Ackman's US fund set to debut at $2B following IPO delay
NEWS INDUSTRY NEWS JUL 30, 2024
Bill Ackman's US fund set to debut at $2B following IPO delay

The launch setback comes after SEC update indicating a sharp dropoff in expected proceeds from the deal.

Carnegie Investment Counsel taps 25-year veteran to join 401k retirement team
NEWS INDUSTRY NEWS JUL 30, 2024
Carnegie Investment Counsel taps 25-year veteran to join 401k retirement team

The $4.5B RIA’s latest hire brings more than two decades’ worth of 401(k) and retirement planning expertise to the firm.

Farther deepens New York presence with $150M boutique firm
NEWS INDUSTRY NEWS JUL 30, 2024
Farther deepens New York presence with $150M boutique firm

The tech-centric wealth management firm expands its footprint in the East Coast with the integration of Pleasant Street Wealth Advisors.

GPB "not a Ponzi!" defense attorney claims
NEWS ALTERNATIVES JUL 30, 2024
GPB "not a Ponzi!" defense attorney claims

GPB executives Gentile and Schneider "are guilty as charged," says federal prosecutor.

Rate cuts should fuel homebuying, will the wait soon be over?
NEWS INDUSTRY NEWS JUL 30, 2024
Rate cuts should fuel homebuying, will the wait soon be over?

Almost half of current homebuyers need mortgage rates below 5%.

Bored with AI investments already? This disruptor may be what you need
NEWS INDUSTRY NEWS JUL 30, 2024
Bored with AI investments already? This disruptor may be what you need

An industry that connects AI and science is set to shake up almost every industry.

It's Whistleblower Appreciation Day, celebrating the 246th anniversary of legislation
NEWS INDUSTRY NEWS JUL 30, 2024
It's Whistleblower Appreciation Day, celebrating the 246th anniversary of legislation

IRS says whistleblowers remain essential to maintaining compliance.

Jared Kushner linked firm loses $36B on paper, in minutes
NEWS INDUSTRY NEWS JUL 30, 2024
Jared Kushner linked firm loses $36B on paper, in minutes

QXO shares slumped 81% in after-market trading Monday.

Short-seller Andrew Left says he's not guilty of fraud
NEWS INDUSTRY NEWS JUL 30, 2024
Short-seller Andrew Left says he's not guilty of fraud

Prosecutors allege market manipulation, court sets $4M bond.

Morgan Stanley economist to head up new wealth management team
NEWS INDUSTRY NEWS JUL 30, 2024
Morgan Stanley economist to head up new wealth management team

Ellen Zentner will lead the new thematic and macro investing unit.