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Association of African American Financial Advisors chairman ‘involuntarily removed’
NEWS INDUSTRY NEWS MAY 31, 2024
Association of African American Financial Advisors chairman ‘involuntarily removed’

Christian Nwasike responds to decision, saying they had 'divergent views on the future direction' of the organization.

Mortgage delinquency rate up slightly, but is it cause for concern?
NEWS INDUSTRY NEWS MAY 31, 2024
Mortgage delinquency rate up slightly, but is it cause for concern?

There should have been a dip in March due to tax refunds, but this didn't happen.

Most parents have made a financial sacrifice to help their adult children
NEWS INDUSTRY NEWS MAY 31, 2024
Most parents have made a financial sacrifice to help their adult children

Emergency savings, debt payments, even retirement savings are at risk.

Global bonds fall again amid stubborn inflation outlook
NEWS INDUSTRY NEWS MAY 31, 2024
Global bonds fall again amid stubborn inflation outlook

Traders expect to be dealing with the challenge for some time yet.

Wall Street is prepping for Trump-Biden bumpy ride
NEWS INDUSTRY NEWS MAY 31, 2024
Wall Street is prepping for Trump-Biden bumpy ride

What will be the likely market impacts of the election?

Big banks are allocating more to private credit
NEWS INDUSTRY NEWS MAY 31, 2024
Big banks are allocating more to private credit

Goldman, Citi, Wells Fargo among those increasing allocations.

Trump guilty on all counts, finds jury at hush-money trial
NEWS INDUSTRY NEWS MAY 30, 2024
Trump guilty on all counts, finds jury at hush-money trial

The former US president faces up to four years in prison, creating a challenging path for his reelection campaign.

High-risk alts burn client in $1.2 million arbitration
NEWS ALTERNATIVES MAY 30, 2024
High-risk alts burn client in $1.2 million arbitration

'The positive thing about this award is that it is roughly 10 times the net out of pocket losses to the client,' says the client's attorney.

Realta Wealth taps industry vet John Barragan to COO role
NEWS INDUSTRY NEWS MAY 30, 2024
Realta Wealth taps industry vet John Barragan to COO role

The independent wealth platform’s newest leadership hire brings extensive experience from Kestra, Goldman Sachs, and Cetera.

Morgan Stanley helped Musk conceal Twitter stock buying, suit says
NEWS INDUSTRY NEWS MAY 30, 2024
Morgan Stanley helped Musk conceal Twitter stock buying, suit says

Oklahoma pension fund alleges the "secret" scheme to consolidate ownership stakes led to almost $1.5M in commissions.

Graduates want a career in finance industry, happy to work with AI
NEWS INDUSTRY NEWS MAY 30, 2024
Graduates want a career in finance industry, happy to work with AI

CFA Institute study highlights attractiveness of working with wealth.

Investor who lost $1.5M uses AI platform to recover $100M for others
NEWS INDUSTRY NEWS MAY 30, 2024
Investor who lost $1.5M uses AI platform to recover $100M for others

Platform gets backing of experienced investors in $2M seed round.

Outsourced trading boosts investment performance for asset managers: State Street
NEWS INDUSTRY NEWS MAY 30, 2024
Outsourced trading boosts investment performance for asset managers: State Street

Report found widespread performance gains across North America, globally.

Record-breaking summer heat set to spark commodities volatility
NEWS INDUSTRY NEWS MAY 30, 2024
Record-breaking summer heat set to spark commodities volatility

From natural gas to soy, prices are already rising globally.

UBS appoints new US business leader, joint head of wealth
NEWS INDUSTRY NEWS MAY 30, 2024
UBS appoints new US business leader, joint head of wealth

Management shakeup sets up CEO succession plan.

Are US banks too exposed to CRE when REITs are considered?
NEWS INDUSTRY NEWS MAY 30, 2024
Are US banks too exposed to CRE when REITs are considered?

Study suggests regulators may not appreciate the risk.

Awaiting a verdict on Trump, market likely to say 'meh'
NEWS INDUSTRY NEWS MAY 29, 2024
Awaiting a verdict on Trump, market likely to say 'meh'

'Absent Trump being in jail, none of this stuff is going to matter,' says one advisor.

Credit environment strong, inflation decelerating, says Lincoln Financial CIO
NEWS INDUSTRY NEWS MAY 29, 2024
Credit environment strong, inflation decelerating, says Lincoln Financial CIO

Despite the fact that credit spreads are at historical tights, the technical backdrop is fantastic, says Lincoln CIO Jayson Bronchetti.

‘An immense responsibility to serve others’
NEWS INDUSTRY NEWS MAY 29, 2024
‘An immense responsibility to serve others’

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): Matthew Walker, Fortitude Family Office.

Finalist works to achieve a work-optional lifestyle for clients
NEWS INDUSTRY NEWS MAY 29, 2024
Finalist works to achieve a work-optional lifestyle for clients

InvestmentNews Awards 2024, Advisor of the Year (Western region): Cody Klein, SageView Advisory Group.