Industry News

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Bond yield volatility requires new trading strategies
NEWS INDUSTRY NEWS MAY 16, 2024
Bond yield volatility requires new trading strategies

The market is riskier, but that can mean opportunity.

UBS asset management leadership gets a refresh
NEWS INDUSTRY NEWS MAY 16, 2024
UBS asset management leadership gets a refresh

The unit is undergoing streamlining, cost reductions.

US inflation stats were accidentally released early
NEWS INDUSTRY NEWS MAY 16, 2024
US inflation stats were accidentally released early

But did the mistake move the markets?

White House wealth: Bidens' assets and income revealed
NEWS INDUSTRY NEWS MAY 16, 2024
White House wealth: Bidens' assets and income revealed

Official documents also cover Kamala Harris, Doug Emhoff.

Most advisors still in the dark on direct indexing
NEWS INDUSTRY NEWS MAY 15, 2024
Most advisors still in the dark on direct indexing

FTSE Russell survey research covering RIAs and broker dealers shows four-fifths aren’t using it, and most aren’t clear on the tax benefits.

Finra targets broker over WhatsApp misuse
NEWS BROKER DEALERS MAY 15, 2024
Finra targets broker over WhatsApp misuse

The use of unmonitored messaging apps by financial advisors has been on the rise in the wake of the Covid-19 pandemic.

Most Americans aren't ready for the Boomer wealth wave
NEWS INDUSTRY NEWS MAY 15, 2024
Most Americans aren't ready for the Boomer wealth wave

Survey exposes lack of financial confidence to handle a large windfall, with over half of Gen Y and Gen Z receiving poor advice in the past.

The Fed gets some breathing room as core CPI cools in April
NEWS INDUSTRY NEWS MAY 15, 2024
The Fed gets some breathing room as core CPI cools in April

The moderating inflation metric offers some hope, but the US central bank needs more before considering a dovish turn.

Vanguard names former BlackRock exec as new CEO
NEWS INDUSTRY NEWS MAY 15, 2024
Vanguard names former BlackRock exec as new CEO

The firm has announced the successor to Tim Buckley.

New York RIA, founder to pay almost $1M to settle SEC conflict of interest charges
NEWS INDUSTRY NEWS MAY 15, 2024
New York RIA, founder to pay almost $1M to settle SEC conflict of interest charges

The firm advised clients to invest in films that its owner received payments for.

Americans added $184B to debt mountain in Q1, serious delinquencies increased
NEWS INDUSTRY NEWS MAY 15, 2024
Americans added $184B to debt mountain in Q1, serious delinquencies increased

New York Fed says maxed-out borrowers are struggling.

US investment firm falls victim to crypto fraudsters
NEWS INDUSTRY NEWS MAY 15, 2024
US investment firm falls victim to crypto fraudsters

Funds are reportedly still missing from $1.7B firm's main hedge fund.

IEA sees global oil demand softening
NEWS INDUSTRY NEWS MAY 15, 2024
IEA sees global oil demand softening

It's the second straight month that the outlook has been cut.

Pimco helps Allianz to higher profit in Q1
NEWS INDUSTRY NEWS MAY 15, 2024
Pimco helps Allianz to higher profit in Q1

Bond management unit posted best quarter in six years.

Osaic chair is ‘raising the stats’ for women advisors
NEWS INDUSTRY NEWS MAY 14, 2024
Osaic chair is ‘raising the stats’ for women advisors

InvestmentNews Awards 2024, Advisor of the Year (Regional - Northeast): Christina Nash, Knox Grove Financial.

Why multi-generational planning can be a double-edged sword
NEWS INDUSTRY NEWS MAY 14, 2024
Why multi-generational planning can be a double-edged sword

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): Kirk Klein, Koss Olinger.

Veteran leader Desiree Sii departs Osaic
NEWS BROKER DEALERS MAY 14, 2024
Veteran leader Desiree Sii departs Osaic

'Does Osaic really need these redundancies in management,' asked one industry executive.

Powell preaches patience as he reiterates higher-for-longer stance
NEWS INDUSTRY NEWS MAY 14, 2024
Powell preaches patience as he reiterates higher-for-longer stance

The Federal Reserve chair sees continuing need for hawkish rate hold amid sticky inflation and continuing strength in the jobs market.

Family offices have 'dangerous gaps' in risk management, report warns
NEWS INDUSTRY NEWS MAY 14, 2024
Family offices have 'dangerous gaps' in risk management, report warns

Teams are facing multiple risks, but lack resources to keep on top of them.

GSAM's Petershill program backs $4B real assets investment manager
NEWS INDUSTRY NEWS MAY 14, 2024
GSAM's Petershill program backs $4B real assets investment manager

The Wall Street firm's investment will help accelerate strategic development.