Industry News

Displaying 33980 results
UBS swipes UHNW advisor from JPMorgan
NEWS WIREHOUSES OCT 17, 2024
UBS swipes UHNW advisor from JPMorgan

He joins the firm's private wealth division in South Florida as the newest addition to a $7.2B advisory team.

World Investment Advisors inks agreement with Raymond James
NEWS BROKER DEALERS OCT 17, 2024
World Investment Advisors inks agreement with Raymond James

The recently renamed wealth firm says its new custodial partnership unlocks additional options for its advisors.

Bull market stampede not stymieing demand for alts
NEWS EQUITIES OCT 17, 2024
Bull market stampede not stymieing demand for alts

Publicly traded stocks are soaring, and bond yields are bountiful. So why should advisors own alternatives?

Daffy unveils private stock donation platform for employees' charitable giving
NEWS FINTECH OCT 17, 2024
Daffy unveils private stock donation platform for employees' charitable giving

Groundbreaking workplace initiative looks to unlock billions of dollars' worth of philanthropic impact by easing process of donating in kind with company shares.

Robinhood is expanding its offer to include futures trading, index options
NEWS INDUSTRY NEWS OCT 17, 2024
Robinhood is expanding its offer to include futures trading, index options

Investing platform announces new Robinhood Legend suite.

XYPN launches alternative independence route to typical broker-dealer relationship
NEWS INDUSTRY NEWS OCT 17, 2024
XYPN launches alternative independence route to typical broker-dealer relationship

New program offers technology and back office support.

Nasdaq to gain as chip stocks recover
NEWS INDUSTRY NEWS OCT 17, 2024
Nasdaq to gain as chip stocks recover

Meanwhile, Netflix will be in focus after the close.

Investors want more from the Fed than just data analytics
NEWS INDUSTRY NEWS OCT 17, 2024
Investors want more from the Fed than just data analytics

The focus on economic stats is frustrating some stakeholders.

Banks may have to accept lower earnings, warns McKinsey
NEWS INDUSTRY NEWS OCT 17, 2024
Banks may have to accept lower earnings, warns McKinsey

Cost cutting would have to escalate to maintain recent profitability.

Why are oil traders so pessimistic about 2025?
NEWS INDUSTRY NEWS OCT 17, 2024
Why are oil traders so pessimistic about 2025?

Outlook remains weak with output set to grow.

To bring in younger clients, 'charge lower fees,' says Gen Z-focused advisor
NEWS RIAS OCT 16, 2024
To bring in younger clients, 'charge lower fees,' says Gen Z-focused advisor

Be flexible with fee models and don't write off generation's potential.

LPL lures $450M advisor group from Raymond James
NEWS BROKER DEALERS OCT 16, 2024
LPL lures $450M advisor group from Raymond James

The firm is extending its network in Florida as eight defecting advisors seek "long-term sustainability."

Search underway for 2025’s best financial advisors
NEWS INDUSTRY NEWS OCT 16, 2024
Search underway for 2025’s best financial advisors

InvestmentNews is calling for entries for the second annual Top Advisor showcase.

Advisors optimistic even as election worries, wealth tsunami pose challenges
NEWS INDUSTRY NEWS OCT 16, 2024
Advisors optimistic even as election worries, wealth tsunami pose challenges

Natixis survey unpacks how advisors are using model portfolios, relationship-building, and other strategies to navigate their way to growth.

Why the US lags globally in retirement security
NEWS RETIREMENT PLANNING OCT 16, 2024
Why the US lags globally in retirement security

It's not just about the shift from pensions to 401(k)s, as highly rated countries offer higher contribution limits and more flexibility to workers.

Morgan Stanley latest wirehouse to reel in bundle of fresh client assets
NEWS INDUSTRY NEWS OCT 16, 2024
Morgan Stanley latest wirehouse to reel in bundle of fresh client assets

"It is clear that the industry is benefiting from strong tailwinds," one analyst notes.

Pathstone asserts UHNW dominance in mega-deal for $45B Hall Capital Partners
NEWS RIAS OCT 16, 2024
Pathstone asserts UHNW dominance in mega-deal for $45B Hall Capital Partners

The blockbuster transaction is expected to turn the New Jersey-based advisory giant into a $160B AUA colossus.

AlphaCore strengthens Colorado presence with All Season merger deal
NEWS RIAS OCT 16, 2024
AlphaCore strengthens Colorado presence with All Season merger deal

The PE-backed RIA's newly announced West Coast transaction adds roughly $200M in AUM.

Gold approaches another record as election race, Fed rate cuts come into focus
NEWS ALTERNATIVES OCT 16, 2024
Gold approaches another record as election race, Fed rate cuts come into focus

Near-term policy and economic uncertainty, including new pronouncements from Republican candidate Donald Trump, are pushing the metal toward a new high.

Raymond James extends Nevada presence with $1.1B powerhouse team
NEWS BROKER DEALERS OCT 16, 2024
Raymond James extends Nevada presence with $1.1B powerhouse team

The firm is enhancing its employee advisor channel as a quartet of experienced professionals from RBC join its Las Vegas branch.