Industry News

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The biggest hits (and misses) of 2024
NEWS INDUSTRY NEWS JUL 15, 2024
The biggest hits (and misses) of 2024

Advisors recount their successes of the first half, as well as their failures, because nobody at the track trusts a guy that shows you only his winning tickets!

Kitces virtual event puts spotlight on IAR CE requirements
NEWS PRACTICE MANAGEMENT JUL 15, 2024
Kitces virtual event puts spotlight on IAR CE requirements

Full-day educational program will help investment advisers fulfill new ethical requirements as NASAA model rule reaches two key hotspots.

Goldman Sachs posts earnings beat as traders outpace estimates
NEWS INDUSTRY NEWS JUL 15, 2024
Goldman Sachs posts earnings beat as traders outpace estimates

Q2 earnings rose 2.5 times above the same period last year, but results from its merger business fell short of analyst estimates.

ETF flows push BlackRock to $10.6T AUM summit
NEWS ALTERNATIVES JUL 15, 2024
ETF flows push BlackRock to $10.6T AUM summit

The world’s largest asset manager reported $82B in net inflows as ebullient markets and key alts bets brighten outlook.

Medic-focused firm gets $200M growth equity shot in the arm, makes acquisition  
NEWS INDUSTRY NEWS JUL 15, 2024
Medic-focused firm gets $200M growth equity shot in the arm, makes acquisition  

Firm aims to redefine financial services for healthcare professionals.

Goldman Sachs and the three themes: firm shares mid-year outlook
NEWS INDUSTRY NEWS JUL 15, 2024
Goldman Sachs and the three themes: firm shares mid-year outlook

Wall Street investment experts see a complex mix of opportunities, risks.

'Trump trade' intensifies in global markets
NEWS INDUSTRY NEWS JUL 15, 2024
'Trump trade' intensifies in global markets

Expectation rises of return to White House for former president.

US futures little changed amid latest geopolitical shock
NEWS INDUSTRY NEWS JUL 15, 2024
US futures little changed amid latest geopolitical shock

Increased near-term volatility is likely though.

Gunman appeared in BlackRock commercial
NEWS INDUSTRY NEWS JUL 15, 2024
Gunman appeared in BlackRock commercial

Firm says it will remove the 2022 ad from circulation.

Wall Street says climate activists' arguments are flawed
NEWS INDUSTRY NEWS JUL 15, 2024
Wall Street says climate activists' arguments are flawed

Finance firms insist they are driving the transition to clean energy.

REIT index returns show continued pain in real estate
NEWS INDUSTRY NEWS JUL 12, 2024
REIT index returns show continued pain in real estate

Q2 performance figures show losses in the REIT space, led by casualties in the industrial and hotel sectors.

Wells Fargo slides as higher-than-expected costs tarnish quarterly results
NEWS INDUSTRY NEWS JUL 12, 2024
Wells Fargo slides as higher-than-expected costs tarnish quarterly results

After the disappointing data point, the lending giant suffered a single-day drop reminiscent of last year's regional banking crisis.

Wells Fargo's focus on independent advisors taking shape
NEWS BROKER DEALERS JUL 12, 2024
Wells Fargo's focus on independent advisors taking shape

"FiNet has made very noticeable increases in support staffing to practices," said one industry source.

Market watchers look ahead to party conventions with eyes on bottom line
NEWS INDUSTRY NEWS JUL 12, 2024
Market watchers look ahead to party conventions with eyes on bottom line

Financial strategists and fund managers weigh in on how the race for the White House will impact their portfolios.

RBC Wealth Management expands with $640M Merrill Lynch team
NEWS ADVISOR MOVES JUL 12, 2024
RBC Wealth Management expands with $640M Merrill Lynch team

The firm’s latest additions, led by a veteran with more than three decades’ experience, come during a pivotal transition for its broader organization.

JPMorgan posts profit record on Visa gain, dealmaking revival
NEWS INDUSTRY NEWS JUL 12, 2024
JPMorgan posts profit record on Visa gain, dealmaking revival

The banking giant shattered expectations across its Wall Street businesses, including $2.4B in investment banking fees.

New Technology Report closes this week
NEWS INDUSTRY NEWS JUL 12, 2024
New Technology Report closes this week

Search for the industry’s best wealth technology and software ends soon.

Insurance distributor appoints veteran leader for $46B wealth management unit
NEWS INDUSTRY NEWS JUL 12, 2024
Insurance distributor appoints veteran leader for $46B wealth management unit

New hire has international experience across major name financial firms.

National $25.9B AUM RIA firm launches trust company in 'favorable' jurisdiction
NEWS INDUSTRY NEWS JUL 12, 2024
National $25.9B AUM RIA firm launches trust company in 'favorable' jurisdiction

The firm says expansion of its services will be powered by technology.

S&P futures stabilize ahead of Wall Street earnings
NEWS INDUSTRY NEWS JUL 12, 2024
S&P futures stabilize ahead of Wall Street earnings

Expectation of earnings broadening out from megacap big tech.