Industry News

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BofA strategist says sell signal is getting closer
NEWS INDUSTRY NEWS MAY 24, 2024
BofA strategist says sell signal is getting closer

Michael Hartnett believes global equities rally is unsustainable.

How global trade is undergoing combative transformation
NEWS INDUSTRY NEWS MAY 24, 2024
How global trade is undergoing combative transformation

US, China, Europe are battling for their interests in new trade era.

Miami advisors fight over book of business
NEWS INDUSTRY NEWS MAY 23, 2024
Miami advisors fight over book of business

'Handshake' deal goes wrong for two south Florida advisors.

Integrity at heart of absolute return-based approach
NEWS INDUSTRY NEWS MAY 23, 2024
Integrity at heart of absolute return-based approach

'If we lose business doing the right thing, that's okay – but we certainly don't want to do that,' says CEO.

Schwab to offer alternative investments for qualified investors
NEWS ALTERNATIVES MAY 23, 2024
Schwab to offer alternative investments for qualified investors

Executives at the online brokerage giant unveiled plans to roll out a platform that includes private credit, PE, VC, and long-short funds.

Gorman to step down as Morgan Stanley chairman at end of year
NEWS INDUSTRY NEWS MAY 23, 2024
Gorman to step down as Morgan Stanley chairman at end of year

The decision to step down is seen as a vote of confidence in new CEO Ted Pick's leadership.

JPMorgan on the prowl for a partner in private credit
NEWS ALTERNATIVES MAY 23, 2024
JPMorgan on the prowl for a partner in private credit

The banking behemoth is looking to extend its $3.6T asset management arm's reach in the piping-hot sector, according to sources.

Driving growth at Merrill Lynch's Charlotte office
NEWS INDUSTRY NEWS MAY 23, 2024
Driving growth at Merrill Lynch's Charlotte office

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): James Wolf, Merrill Lynch Wealth Management.

Nvidia earnings fuel equities gains despite dovish Fed
NEWS INDUSTRY NEWS MAY 23, 2024
Nvidia earnings fuel equities gains despite dovish Fed

Tech firm's results reassured investors of AI boom.

One key decision by providers may weaken Ether ETF demand
NEWS INDUSTRY NEWS MAY 23, 2024
One key decision by providers may weaken Ether ETF demand

Investors may opt to buy the crypto direct as firms avoid 'staking' coins.

New York trial begins for Chinese tycoon accused of $1B fraud
NEWS INDUSTRY NEWS MAY 23, 2024
New York trial begins for Chinese tycoon accused of $1B fraud

Guo Wengui is accused of swindling investors in crypto scheme.

G-7 finance chiefs met but wont deal with public debt mountains
NEWS INDUSTRY NEWS MAY 23, 2024
G-7 finance chiefs met but wont deal with public debt mountains

With elections looming, officials are not keen to talk about huge borrowing.

‘Everything that I have sacrificed was worth it’
NEWS INDUSTRY NEWS MAY 22, 2024
‘Everything that I have sacrificed was worth it’

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): Nina O’Neal, AIM Advisors.

Wisc. broker facing charges over stealing town’s money
NEWS INDUSTRY NEWS MAY 22, 2024
Wisc. broker facing charges over stealing town’s money

In twist, the broker has blamed other members of a town board for allegedly allowing the theft.

Nvidia in focus as last hurdle in tech earnings victory lap
NEWS INDUSTRY NEWS MAY 22, 2024
Nvidia in focus as last hurdle in tech earnings victory lap

With Magnificent Seven stocks riding high, all eyes are on the AI chip giant as investors anticipate another earnings beat.

Equitable expands in California with ex-Lincoln advisor duo
NEWS INDUSTRY NEWS MAY 22, 2024
Equitable expands in California with ex-Lincoln advisor duo

The two advisors, who reportedly managed $177M, are transitioning as they commit to a long-term succession plan.

Cetera affiliate Wilde Wealth bolsters ownership group
NEWS RIAS MAY 22, 2024
Cetera affiliate Wilde Wealth bolsters ownership group

The Arizona-based planning firm with more than $3.4B in AUA hails the development as a strategic "win-win."

SEC slaps NYSE parent firm with $10M penalty for cyber reporting failure
NEWS REGULATION AND LEGISLATION MAY 22, 2024
SEC slaps NYSE parent firm with $10M penalty for cyber reporting failure

The federal securities regulator says the exchange giant took four days to report a vulnerability in its network, violating its internal procedures.

SEC chair hails benefits of faster settlements, but not everyone is so sure
NEWS INDUSTRY NEWS MAY 22, 2024
SEC chair hails benefits of faster settlements, but not everyone is so sure

T+1 begins Monday but there are concerns about a new way of working.

What are the biggest challenges for family offices in 2024?
NEWS INDUSTRY NEWS MAY 22, 2024
What are the biggest challenges for family offices in 2024?

Deloitte report shines light on the concerns and opportunities for firms.