Industry News

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GameStop plunges as video game retailer reveals share sale plans
NEWS INDUSTRY NEWS JUN 07, 2024
GameStop plunges as video game retailer reveals share sale plans

The company behind the beloved meme stock pushed forward its quarterly earnings report, getting ahead of a livestream by highly controversial “Roaring Kitty.”

Canadian bank TD sues wealth advisor who "abruptly" exited amid AML probe
NEWS REGULATION AND LEGISLATION JUN 07, 2024
Canadian bank TD sues wealth advisor who "abruptly" exited amid AML probe

The Toronto-based lender says the advisor and a colleague breached contract as they joined Raymond James.

Cresset unveils deal for 130-year-old family office Connable
NEWS INDUSTRY NEWS JUN 07, 2024
Cresset unveils deal for 130-year-old family office Connable

The deal in Michigan forms a new combined entity managing $52B in assets for high-net-worth and ultra-high-net-worth clients.

Citi Wealth highlights four unstoppable trends, seven investment opportunities
NEWS INDUSTRY NEWS JUN 07, 2024
Citi Wealth highlights four unstoppable trends, seven investment opportunities

How is the firm positioning portfolios for the second half of 2024.

What are the biggest challenges for UHNWIs and how can multi-family offices help?
NEWS INDUSTRY NEWS JUN 07, 2024
What are the biggest challenges for UHNWIs and how can multi-family offices help?

InvestmentNews speaks with Whittier Trust’s VP of business development.

US jobs report awaited; slowdown expected
NEWS INDUSTRY NEWS JUN 07, 2024
US jobs report awaited; slowdown expected

Bureau of Labor Statistics will release data Friday.

Fed cut may mean bad news for economy, says BofA's Hartnett
NEWS INDUSTRY NEWS JUN 07, 2024
Fed cut may mean bad news for economy, says BofA's Hartnett

The strategist says it could be a signal that trouble is ahead.

Moody's mulls cutting ratings for six US regional banks
NEWS INDUSTRY NEWS JUN 07, 2024
Moody's mulls cutting ratings for six US regional banks

Exposure to commercial real estate loans is the concern.

Private credit may lose some of its privacy
NEWS INDUSTRY NEWS JUN 07, 2024
Private credit may lose some of its privacy

European regulators want greater transparency amid risk concerns.

Stocks may be hot in 2024 but metals are molten
NEWS INDUSTRY NEWS JUN 06, 2024
Stocks may be hot in 2024 but metals are molten

Gold, silver and even copper are beating the S&P 500 so far in 2024. But will the bull market in metals last?

'Ponzi schemes are done in the open by bad people'
NEWS BROKER DEALERS JUN 06, 2024
'Ponzi schemes are done in the open by bad people'

SEC bars advisors who worked with Georgia Ponzi broker.

Personal purpose drives Park Avenue Securities
NEWS INDUSTRY NEWS JUN 06, 2024
Personal purpose drives Park Avenue Securities

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Marianne Caswell, Park Avenue Securities

An amazing opportunity to change millions of households, CEO says
NEWS INDUSTRY NEWS JUN 06, 2024
An amazing opportunity to change millions of households, CEO says

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Amy Webber, Cambridge Investment Group, Inc.

Financial independence tops millennials’ must-reach milestones, says CFP Board
NEWS INDUSTRY NEWS JUN 06, 2024
Financial independence tops millennials’ must-reach milestones, says CFP Board

While many Gen Y members believe they’ll succeed at their life goals, a vast majority see roadblocks from expenses, debt, and lack of savings.

Revealed: InvestmentNews’ Fastest-Growing in America
NEWS INDUSTRY NEWS JUN 06, 2024
Revealed: InvestmentNews’ Fastest-Growing in America

The inaugural list reveals the firms and networks that have emerged as winners in the ongoing war for advisor talent over the past year.

Allspring unveils SMA platform enhancements
NEWS TAX JUN 06, 2024
Allspring unveils SMA platform enhancements

The North Carolina-based global asset manager is strengthening its custom SMA platform with new active and index strategies.

More HNWIs with more wealth want more from their advisors
NEWS INDUSTRY NEWS JUN 06, 2024
More HNWIs with more wealth want more from their advisors

Research finds ultra rich are shifting asset allocations from wealth preservation.

Cohen & Steers hires new leader for Wealth Management Consulting Group
NEWS INDUSTRY NEWS JUN 06, 2024
Cohen & Steers hires new leader for Wealth Management Consulting Group

New appointment is 20-year industry veteran formerly with Nuveen.

Cathie Wood's Ark missed Nvidia tech rally but eyes other AI wins
NEWS INDUSTRY NEWS JUN 06, 2024
Cathie Wood's Ark missed Nvidia tech rally but eyes other AI wins

Fund sold Nvidia at $400, missing the surge to $1200.

US jobs anticipation gives metals a boost to four-week high
NEWS INDUSTRY NEWS JUN 06, 2024
US jobs anticipation gives metals a boost to four-week high

Copper, iron ore, zinc, nickel all heading higher.