Industry News

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B. Riley financials remain pressured as firm delays report
NEWS INDUSTRY NEWS NOV 14, 2024
B. Riley financials remain pressured as firm delays report

Shareholders forced to wait for quarterly update.

Oil prices constraint in 2025 as IEA predicts daily 1M barrel glut
NEWS INDUSTRY NEWS NOV 14, 2024
Oil prices constraint in 2025 as IEA predicts daily 1M barrel glut

Industry association says many global factors will ease demand.

Kerry warns Trump over climate inaction
NEWS INDUSTRY NEWS NOV 14, 2024
Kerry warns Trump over climate inaction

Former Secretary of State says China could take leadership.

Bitcoin touches new high before retreating
NEWS INDUSTRY NEWS NOV 14, 2024
Bitcoin touches new high before retreating

Leading cryptocurrency gained 6% Wednesday.

The key to success for next-gen advisors? ‘Be open and flexible’
NEWS PRACTICE MANAGEMENT NOV 14, 2024
The key to success for next-gen advisors? ‘Be open and flexible’

Panelists at RIA Activate California share insights to help firms future proof their business for next-gen talent.

Musk, Ramaswamy tapped as advisors to dismantle government
NEWS INDUSTRY NEWS NOV 13, 2024
Musk, Ramaswamy tapped as advisors to dismantle government

Vivek Ramaswamy, founder of asset manager Strive, and Tesla CEO Elon Musk represent incoming President Donald Trump's "Department of Government Efficiency," with possible consequences for agencies and regulations.

Could will-writing help close the racial wealth gap?
NEWS INDUSTRY NEWS NOV 13, 2024
Could will-writing help close the racial wealth gap?

New research hints at the generational wealth-building benefits of writing wills for Black households that have historically lagged their White counterparts.

RIA consolidators are gobbling up market share: Cerulli
NEWS RIAS NOV 13, 2024
RIA consolidators are gobbling up market share: Cerulli

“The variety of consolidators drives competition, but it can make the market confusing,” one recruiter said.

Trump tariffs to spur inflation and slow growth, warns JPMorgan's Kelly
NEWS INDUSTRY NEWS NOV 13, 2024
Trump tariffs to spur inflation and slow growth, warns JPMorgan's Kelly

Wall Street strategist argues aggressive tariff moves will create a "stagflation elixir" from countries exchanging economic blows.

Stigma a distant memory, securitized bonds are now an advisor's best friend
NEWS FIXED INCOME NOV 13, 2024
Stigma a distant memory, securitized bonds are now an advisor's best friend

Up from the ashes of the great financial crisis, securitized bonds are being added to more client portfolios.

December rate cut calls build following in-line inflation data
NEWS FIXED INCOME NOV 13, 2024
December rate cut calls build following in-line inflation data

CPI data from October revived bond traders' hopes that the Fed can keep leaning dovish in its final interest rate decision of the year.

Financial services revenues could see 52% boost from AI adoption, report finds
NEWS INDUSTRY NEWS NOV 13, 2024
Financial services revenues could see 52% boost from AI adoption, report finds

Advisors and other client-facing teams gaining from technological transformation.

Wirehouse expands family office platform as client needs evolve
NEWS INDUSTRY NEWS NOV 13, 2024
Wirehouse expands family office platform as client needs evolve

Which wirehouse firm has enhanced its family office solution?

US CPI awaited; it may mean a Fed pause
NEWS INDUSTRY NEWS NOV 13, 2024
US CPI awaited; it may mean a Fed pause

Forecasters' expectations could slow rate cuts.

Templeton, JPMorgan, T. Rowe all see Treasuries at 5%
NEWS INDUSTRY NEWS NOV 13, 2024
Templeton, JPMorgan, T. Rowe all see Treasuries at 5%

10-year US government bond yields set to rise amid debt expectation.

Jerome Powell critic Elizabeth Warren set for banking committee role
NEWS INDUSTRY NEWS NOV 13, 2024
Jerome Powell critic Elizabeth Warren set for banking committee role

Senator believed to be in line to be the top Democrat on the panel.

Klarna register with SEC as IPO approaches
NEWS INDUSTRY NEWS NOV 13, 2024
Klarna register with SEC as IPO approaches

Payments firm could be valued at $15 billion.

Fed survey reveals slight dip in consumers' inflation expectations
NEWS INDUSTRY NEWS NOV 12, 2024
Fed survey reveals slight dip in consumers' inflation expectations

The cooler outlook on prices coupled with greater confidence in the job market gives the central bank some comfort room as it mulls future rate cuts.

Carson Group founder changes his name to Omani
NEWS INDUSTRY NEWS NOV 12, 2024
Carson Group founder changes his name to Omani

The chairman and former CEO of Carson Group said he will gently remind people to call him Omani if they refer to him as Ron.

Stifel loses another big arbitration lawsuit involving star Miami broker
NEWS BROKER DEALERS NOV 12, 2024
Stifel loses another big arbitration lawsuit involving star Miami broker

“Stifel Financial made no offer to settle,” the client's attorney said.