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BofA says Nvidia drove $8.7B inflows to tech funds
NEWS INDUSTRY NEWS JUN 21, 2024
BofA says Nvidia drove $8.7B inflows to tech funds

But asset allocators are concerned about concentration.

Boost for bonds as European data suggests rate cuts
NEWS INDUSTRY NEWS JUN 21, 2024
Boost for bonds as European data suggests rate cuts

Traders are expecting the ECB to ease monetary policy.

Former Fed president Bullard is bullish on rate cuts
NEWS INDUSTRY NEWS JUN 21, 2024
Former Fed president Bullard is bullish on rate cuts

James Bullard says CPI data supports September easing.

Citi's wind-down plan doesn’t make the grade, says FDIC
NEWS INDUSTRY NEWS JUN 21, 2024
Citi's wind-down plan doesn’t make the grade, says FDIC

Regulator's board voted that the bank’s plan is deficient.

Revealed: 2024 InvestmentNews Awards winners
NEWS INDUSTRY NEWS JUN 21, 2024
Revealed: 2024 InvestmentNews Awards winners

Find out who took home the top prizes at the inaugural, red carpet, Hollywood-themed gala.

Investors and advisors continue to dump nontraded REITs
NEWS ALTERNATIVES JUN 20, 2024
Investors and advisors continue to dump nontraded REITs

Patience is rarely rewarded when it comes to redemptions of some nontraded REITs, one executive noted.

Carson deepens Northeast presence with Michigan-based independent
NEWS RIAS JUN 20, 2024
Carson deepens Northeast presence with Michigan-based independent

The firm has announced Avery Wealth, a $212M firm in Jackson, as the latest inductee to its national partner network.

Stifel taps ex-Merrill Lynch leader in continued growth push
NEWS BROKER DEALERS JUN 20, 2024
Stifel taps ex-Merrill Lynch leader in continued growth push

The broker-dealer giant’s new managing director is starting afresh after serving at the BofA wirehouse for 35 years.

The AI jobs threat is biggest for banking, says Citi
NEWS INDUSTRY NEWS JUN 20, 2024
The AI jobs threat is biggest for banking, says Citi

Some two-thirds of jobs across the sector could be automated or augmented by the technology.

Special needs clients require special care
NEWS INDUSTRY NEWS JUN 20, 2024
Special needs clients require special care

‘The succession plan for clients is the most important because the assets need to survive for the child.’

The thrill of entrepreneurship is ‘wildly rewarding’
NEWS INDUSTRY NEWS JUN 20, 2024
The thrill of entrepreneurship is ‘wildly rewarding’

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Robert Sechan, NewEdge Wealth.

Osaic CEO says going indie fueled his passion for advice
NEWS INDUSTRY NEWS JUN 20, 2024
Osaic CEO says going indie fueled his passion for advice

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Jamie Price, Osaic.

Money for nothing? MTV generation more likely to be facing dire straits
NEWS INDUSTRY NEWS JUN 20, 2024
Money for nothing? MTV generation more likely to be facing dire straits

Corebridge Financial whitepaper reveals top financial concerns of next-gen retirees.

Morningstar launches index tracking LGBTQ+ inclusive companies
NEWS INDUSTRY NEWS JUN 20, 2024
Morningstar launches index tracking LGBTQ+ inclusive companies

New index adds to firm's growing range of socially focused indexes.

Luxury goods market reflects changing demands, economic realities
NEWS INDUSTRY NEWS JUN 20, 2024
Luxury goods market reflects changing demands, economic realities

Younger generations less interested in some long-standing luxury assets.

Treasuries close to breaking even
NEWS INDUSTRY NEWS JUN 20, 2024
Treasuries close to breaking even

Volatility in the $27T market has eased significantly.

Oil set for boost from July 4 travel surge
NEWS INDUSTRY NEWS JUN 20, 2024
Oil set for boost from July 4 travel surge

71 million Americans are expected to travel during holiday period.

How a Long Island hedge fund trader built a $285M burrito fortune
NEWS INDUSTRY NEWS JUN 20, 2024
How a Long Island hedge fund trader built a $285M burrito fortune

A move down under and disappointing Mexican food led to success.

Nvidia topples Microsoft to become the world's most valuable company
NEWS INDUSTRY NEWS JUN 18, 2024
Nvidia topples Microsoft to become the world's most valuable company

The chip giant's shares have been on an unrelenting tear as AI fever continues to grip investors.

Morgan Stanley beats ex-Fla. advisors' claims to deferred compensation
NEWS BROKER DEALERS JUN 18, 2024
Morgan Stanley beats ex-Fla. advisors' claims to deferred compensation

Expect to see more inconsistency around deferred compensation claims, says one attorney.