Industry News

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Advisors split on whether to buy Bitcoin as crypto breaks out
NEWS INDUSTRY NEWS JUL 29, 2024
Advisors split on whether to buy Bitcoin as crypto breaks out

Bitcoin is breaking out, but is now the best time to get in?

JPMorgan taps UBS alum to lead private banking in Tennessee
NEWS INDUSTRY NEWS JUL 29, 2024
JPMorgan taps UBS alum to lead private banking in Tennessee

The appointment marks a full circle moment for the banking giant’s new hire as he raises the firm’s profile in Nashville.

SEC sanctions advisor for deceptive cherry-picking scheme
NEWS INDUSTRY NEWS JUL 29, 2024
SEC sanctions advisor for deceptive cherry-picking scheme

Advisor handed almost $1 million penalty as agency highlights a lack of policies and procedures.

Elevation Point bolsters leadership with two UBS execs
NEWS RIAS JUL 29, 2024
Elevation Point bolsters leadership with two UBS execs

The newly added founding partners at Jim Dickinson's firm also both bring significant experience from Merrill Lynch.

Industrial Real Estate and the Opportunity for Value Investors
NEWS INDUSTRY NEWS JUL 29, 2024
Industrial Real Estate and the Opportunity for Value Investors

In the latest AccessAres' Private Market Insights newsletter, AWMS’ FAST Team explores why now may be the most compelling (re)entry point into the industrial real estate sector for value investors since the Great Financial Crisis.

What's the most popular private equity sub-strategy, according to advisors?
NEWS INDUSTRY NEWS JUL 29, 2024
What's the most popular private equity sub-strategy, according to advisors?

Latest data highlights clients' preference in the small-but-growing PE space.

Bank employees spend hours searching for compliance documents
NEWS INDUSTRY NEWS JUL 29, 2024
Bank employees spend hours searching for compliance documents

It adds up to millions of dollars in lost time for financial institutions.

Morgan Stanley says economy-tied stocks to weaken
NEWS INDUSTRY NEWS JUL 29, 2024
Morgan Stanley says economy-tied stocks to weaken

Corporate earnings outlook has dimmed.

Three major central banks set for rate decisions this week
NEWS INDUSTRY NEWS JUL 29, 2024
Three major central banks set for rate decisions this week

Fed not expected to cut, but traders hope for September signals.

What's the best Trump Trade right now?
NEWS INDUSTRY NEWS JUL 29, 2024
What's the best Trump Trade right now?

Spoiler alert: It's not the US dollar.

Another Wall Street titan to launch funds in UAE
NEWS INDUSTRY NEWS JUL 29, 2024
Another Wall Street titan to launch funds in UAE

New feeder funds will operate through local licensed promoters.

LPL dumping two branch offices with $20 billion in assets
NEWS BROKER DEALERS JUL 26, 2024
LPL dumping two branch offices with $20 billion in assets

All IBDs, not just LPL, have a love/hate relationship with OSJs, industry sources said.

"Leading with heart, winning with hustle"
NEWS INDUSTRY NEWS JUL 26, 2024
"Leading with heart, winning with hustle"

We aim to create concierge-level service to support financial plan, says advisor.

Magnificent 7 still motors the market, says LPL strategist
NEWS INDUSTRY NEWS JUL 26, 2024
Magnificent 7 still motors the market, says LPL strategist

Despite talk about a market rotation, the Magnificent 7 remains the market's primary mover according to LPL's Quincy Krosby.

Merrill partners with sports education brand for financial awareness program
NEWS INDUSTRY NEWS JUL 26, 2024
Merrill partners with sports education brand for financial awareness program

Student athletes and their families will receive education, resources.

Stocks on hold as market awaits US inflation data
NEWS INDUSTRY NEWS JUL 26, 2024
Stocks on hold as market awaits US inflation data

Equities retreat broadened out from megacap tech sector.

Tech investors swap out megacaps for alternative AI exposure
NEWS INDUSTRY NEWS JUL 26, 2024
Tech investors swap out megacaps for alternative AI exposure

Smaller participants are gaining from investor pivot.

JPMorgan staff now have an AI research analyst
NEWS INDUSTRY NEWS JUL 26, 2024
JPMorgan staff now have an AI research analyst

The firm has rolled out a new chatbot.

Ameriprise, Raymond James report new highs in wealth management
NEWS BROKER DEALERS JUL 25, 2024
Ameriprise, Raymond James report new highs in wealth management

Meanwhile, senior execs at both firms are keeping an eye on increases of yields on cash at competitors.

Advisors consider BDCs as Fed rate cuts loom
NEWS INDUSTRY NEWS JUL 25, 2024
Advisors consider BDCs as Fed rate cuts loom

Publicly traded BDCs have risen in popularity due to their high yields, but are they right for a slowing economy?