Industry News

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Mercer Advisors adds nearly $1.675B in major double-deal
NEWS RIAS NOV 12, 2024
Mercer Advisors adds nearly $1.675B in major double-deal

The national RIA's latest acquisitions add to its capabilities in the Colorado and Minnesota wealth markets.

Wall Street set for holiday bonus bonanza
NEWS EQUITIES NOV 12, 2024
Wall Street set for holiday bonus bonanza

Investment bankers are ready to reap the biggest rewards after a strong year for underwriters, and mergers and acquisitions, a new report says.

PE-backed Waverly strengthens Ohio presence with $900M Buckingham acquisition
NEWS RIAS NOV 12, 2024
PE-backed Waverly strengthens Ohio presence with $900M Buckingham acquisition

The RIA aggregator's second transaction in the state in as many months adds 38 professionals to its high-net-worth planning roster.

BlackRock plots money-market fund push with new ETFs
NEWS ETFS NOV 12, 2024
BlackRock plots money-market fund push with new ETFs

The global asset management behemoth is looking to muscle into the traditionally mutual fund-led business with two new proposed strategies.

LPL Financial welcomes $410M 'next gen' advisor duo from Osaic
NEWS ADVISOR MOVES NOV 12, 2024
LPL Financial welcomes $410M 'next gen' advisor duo from Osaic

The pair hopes to encourage other younger advisors to switch firms.

Gen Z wants to do forge their own financial path but some are already misrouted
NEWS INDUSTRY NEWS NOV 12, 2024
Gen Z wants to do forge their own financial path but some are already misrouted

Reports highlight the desperate financial guidance needs of younger Americans.

Citi says post-election rally could be derailed by profit taking
NEWS INDUSTRY NEWS NOV 12, 2024
Citi says post-election rally could be derailed by profit taking

Wall Street strategists expect record-highs for S&P 500 to spark selling.

Inflation concerns push Treasury yields higher
NEWS INDUSTRY NEWS NOV 12, 2024
Inflation concerns push Treasury yields higher

Traders fear Trump policies will be inflationary.

Exposure to US equities at 11-year high, says BofA
NEWS INDUSTRY NEWS NOV 12, 2024
Exposure to US equities at 11-year high, says BofA

Fund managers appear bullish in latest survey.

Bitcoin closes in on $90K, wider crypto market gains
NEWS INDUSTRY NEWS NOV 12, 2024
Bitcoin closes in on $90K, wider crypto market gains

Bitcoin value is up 32% since the election.

Like the military, ‘plan for the unexpected’
NEWS PRACTICE MANAGEMENT NOV 11, 2024
Like the military, ‘plan for the unexpected’

Chuck Carrick of Beacon Pointe served as a sentinel at the Tomb of the Unknown Soldier.

Crypto 'mixer' gets more than 12 years for money laundering
NEWS INDUSTRY NEWS NOV 11, 2024
Crypto 'mixer' gets more than 12 years for money laundering

Founder of service ordered to forfeit $395 million and Bitcoin wallet valued at $103 million.

Deutsche's private bank fires more than 100 senior bankers
NEWS INDUSTRY NEWS NOV 11, 2024
Deutsche's private bank fires more than 100 senior bankers

Frankfurt-headquartered lender has imposed demanding targets on underperforming unit.

UBS, Kingsview welcome new advisors from RBC, Edward Jones
NEWS INDUSTRY NEWS NOV 11, 2024
UBS, Kingsview welcome new advisors from RBC, Edward Jones

Both advisors switch firms with multiple decades of industry experience.

America's institutional investors posted some of their best returns in Q3
NEWS INDUSTRY NEWS NOV 11, 2024
America's institutional investors posted some of their best returns in Q3

US institutional investors report strong third quarter returns.

Equities rally endures, Bitcoin passes $81K
NEWS INDUSTRY NEWS NOV 11, 2024
Equities rally endures, Bitcoin passes $81K

Further gains as markets anticipate Republican-led congress.

Bond market remains on bumpy ground, warn analysts
NEWS INDUSTRY NEWS NOV 11, 2024
Bond market remains on bumpy ground, warn analysts

Uncertainty remains over cost of Trump administration policies.

Wall Street grapples with measurement of private market returns
NEWS INDUSTRY NEWS NOV 11, 2024
Wall Street grapples with measurement of private market returns

Lack of transparency doesn't make the math straightforward.

Hedge funds face $5B loss for shorting Tesla
NEWS INDUSTRY NEWS NOV 11, 2024
Hedge funds face $5B loss for shorting Tesla

Musk-Trump relationship means carmaker is a likely winner.

Wells Fargo taps TD veteran to help get new RIA unit off the ground
NEWS BROKER DEALERS NOV 08, 2024
Wells Fargo taps TD veteran to help get new RIA unit off the ground

George Tamer, recently named as the "channel enablement leader" at Wells Fargo, worked at TD Ameritrade for 20 years until 2021.