Industry News

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Bond traders await CPI data following jobs report
NEWS INDUSTRY NEWS MAY 13, 2024
Bond traders await CPI data following jobs report

Rally or rout could be ahead this week.

Goldman strategists are warning over certain tech stocks
NEWS INDUSTRY NEWS MAY 13, 2024
Goldman strategists are warning over certain tech stocks

Some companies that have yet to be profitable could risk insolvency.

Traders hold firm on EM currency debt despite Fed
NEWS INDUSTRY NEWS MAY 13, 2024
Traders hold firm on EM currency debt despite Fed

Higher-for-longer rates impact bet, but money managers remain upbeat.

Why are senior JPMorgan execs 'jumping' to Wells Fargo?
NEWS BROKER DEALERS MAY 10, 2024
Why are senior JPMorgan execs 'jumping' to Wells Fargo?

Senior industry executive poses the question after latest switch, this time in investment banking.

Quant King Jim Simons passes away at 86
NEWS INDUSTRY NEWS MAY 10, 2024
Quant King Jim Simons passes away at 86

The former code breaker and mathematician-investor behind the secretive hedge fund Renaissance Technologies leaves behind an indelible legacy.

Integrated Partners names Andree Mohr president
NEWS RIAS MAY 10, 2024
Integrated Partners names Andree Mohr president

Mohr will focus on enhancing advisor support, training, and technology at the Boston, Massachusetts-based national planning firm and RIA.

Equities rally continues ahead of Fed speeches
NEWS INDUSTRY NEWS MAY 10, 2024
Equities rally continues ahead of Fed speeches

The data suggests cuts but what will Fed officials signal?

Half of FSA holders forfeited funds to their employers: EBRI report
NEWS INDUSTRY NEWS MAY 10, 2024
Half of FSA holders forfeited funds to their employers: EBRI report

An analysis of over 3.2 million accounts also reveals increased contributions.

RIA-focused fintech Flourish is living up to its name
NEWS LIFE INSURANCE AND ANNUITIES MAY 10, 2024
RIA-focused fintech Flourish is living up to its name

The firm has announced a surge in advisors and AUC.

UBS mulls bonuses for wealth management referrals
NEWS INDUSTRY NEWS MAY 10, 2024
UBS mulls bonuses for wealth management referrals

Fees would be paid for bankers introducing wealthy clients.

Bill Ackman confronted at Milken over DEI views
NEWS INDUSTRY NEWS MAY 10, 2024
Bill Ackman confronted at Milken over DEI views

Hedge fund veteran faced his critics at premier business event.

JPMorgan, Citi weigh potential from EU bonds change
NEWS INDUSTRY NEWS MAY 10, 2024
JPMorgan, Citi weigh potential from EU bonds change

The bloc’s debt could be added to MSCI sovereign bond indexes.

SEC slaps ex-advisor with subpoena - again - over alleged cherry picking
NEWS RIAS MAY 09, 2024
SEC slaps ex-advisor with subpoena - again - over alleged cherry picking

'An advisor can only blow off the SEC for so long,' said one industry executive.

Wealth firms’ war for wallet share fuels consolidation, says Cerulli
NEWS INDUSTRY NEWS MAY 09, 2024
Wealth firms’ war for wallet share fuels consolidation, says Cerulli

Report reveals how top firms are taking more assets through M&A as they look to assimilate technology and service offerings.

Most Americans have modest savings goals, but do they meet them?
NEWS INDUSTRY NEWS MAY 09, 2024
Most Americans have modest savings goals, but do they meet them?

New survey also reveals disconnect between intention and action for tax refunds.

Military households more likely to suffer financial challenges, study reveals
NEWS INDUSTRY NEWS MAY 09, 2024
Military households more likely to suffer financial challenges, study reveals

NFCC report shows requirement for financial advice is strong.

US sees uptick of homes 'seriously underwater'
NEWS INDUSTRY NEWS MAY 09, 2024
US sees uptick of homes 'seriously underwater'

Around 1 in 37 have loan balances at least 25% more than their value.

Wheat concerns as weather, geopolitics weaken stockpiles
NEWS INDUSTRY NEWS MAY 09, 2024
Wheat concerns as weather, geopolitics weaken stockpiles

US government reports on outlook as futures gain.

Has the bitcoin rebound peaked?
NEWS INDUSTRY NEWS MAY 09, 2024
Has the bitcoin rebound peaked?

The crypto is headed for its longest losing streak since October.

Hipgnosis song fund set to be acquired by Blackstone
NEWS INDUSTRY NEWS MAY 09, 2024
Hipgnosis song fund set to be acquired by Blackstone

Concord has said it will not raise its bid any further.