Industry News

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Two RIA firms welcome former UBS senior vice presidents as advisors
NEWS INDUSTRY NEWS NOV 08, 2024
Two RIA firms welcome former UBS senior vice presidents as advisors

Industry veterans make the move to expanding firms.

Half of retirees reveal they saved less than they need for their retirement
NEWS INDUSTRY NEWS NOV 08, 2024
Half of retirees reveal they saved less than they need for their retirement

Credit card balances have increased as spending beats expectation.

US stocks saw $20B inflows following election result
NEWS INDUSTRY NEWS NOV 08, 2024
US stocks saw $20B inflows following election result

BofA says it was the biggest single day gain in five months.

Bond traders focus on Trump rather than Fed cuts
NEWS INDUSTRY NEWS NOV 08, 2024
Bond traders focus on Trump rather than Fed cuts

Markets wanted greater signals on Fed's future moves.

Trump Trades are all very well, but what about policies?
NEWS INDUSTRY NEWS NOV 08, 2024
Trump Trades are all very well, but what about policies?

Investors ease up and ponder what new president will actually do.

Powell says he will fight for the Fed, won't resign if asked
NEWS INDUSTRY NEWS NOV 08, 2024
Powell says he will fight for the Fed, won't resign if asked

Central bank chair takes proactive swipe at incoming administration.

Cetera’s CEO Antoniades stepping down at end of year.
NEWS RIAS NOV 07, 2024
Cetera’s CEO Antoniades stepping down at end of year.

Antoniades’ position as CEO of Cetera Financial Group has been in question since spring of 2023.

Massachusetts and Galvin may be looking at broker-dealers’ cash sweep programs
NEWS INDUSTRY NEWS NOV 07, 2024
Massachusetts and Galvin may be looking at broker-dealers’ cash sweep programs

Morgan Stanley reported this week that a state securities regulator has been seeking information from the firm.

Fed unveils November rate decision
NEWS INDUSTRY NEWS NOV 07, 2024
Fed unveils November rate decision

Policymakers at the Federal Reserve opted to lower the benchmark rate by a quarter of a percent.

The 2024 InvestmentNews Women to Watch winners revealed
NEWS WOMEN ADVISOR COMMUNITY NOV 07, 2024
The 2024 InvestmentNews Women to Watch winners revealed

Leading women in the financial advisory profession came together in New York City last night to honor and celebrate achievement and resilience.

Wealth Enhancement Group snaps up $536M M&R Capital Management
NEWS RIAS NOV 07, 2024
Wealth Enhancement Group snaps up $536M M&R Capital Management

The RIA aggregator's latest deal gives it a sixth New Jersey location while pushing its assets managed to $96.6 billion.

How could SEC priorities shift for investment managers post-election?
NEWS INDUSTRY NEWS NOV 07, 2024
How could SEC priorities shift for investment managers post-election?

Regulation experts warn day-to-day operations could be impacted.

Healthcare focused RIA extends reach with new practice group
NEWS INDUSTRY NEWS NOV 07, 2024
Healthcare focused RIA extends reach with new practice group

Florida based financial advisory firm is addressing unique industry challenges.

Stocks retain election gains, dollar eases
NEWS INDUSTRY NEWS NOV 07, 2024
Stocks retain election gains, dollar eases

Traders take a pause and focus on Fed rate cut bets.

Treasury sell-off eases as investors weigh Trump impact
NEWS INDUSTRY NEWS NOV 07, 2024
Treasury sell-off eases as investors weigh Trump impact

Global markets want to understand likely outcome from policies.

Crypto frenzy boosts BlackRock iShares to new high
NEWS INDUSTRY NEWS NOV 07, 2024
Crypto frenzy boosts BlackRock iShares to new high

Bitcoin ETF took more than $4 billion post-election.

Hedge funds face reality of anti-ESG
NEWS INDUSTRY NEWS NOV 07, 2024
Hedge funds face reality of anti-ESG

Trump win was bad news for funds exposed to renewables.

Broker-dealer index takes off post-election
NEWS BROKER DEALERS NOV 06, 2024
Broker-dealer index takes off post-election

The results of Tuesday’s election create tailwinds for the wealth management industry.

Trump re-inherits Social Security's problems, and another chance to fix them
NEWS RETIREMENT PLANNING NOV 06, 2024
Trump re-inherits Social Security's problems, and another chance to fix them

The next president has proposed cutting Social Security benefits taxes, which would deplete the system faster. Bipartisan support is needed to pass reforms, observers say.

Harris paid the price for inflation. Now, advisors explain how to get ahead of it.
NEWS EQUITIES NOV 06, 2024
Harris paid the price for inflation. Now, advisors explain how to get ahead of it.

Wealth managers offer strategies for portfolio protection against the scourge of inflation.