Industry News

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SVB Financial set to offload VC unit to Pinegrove affiliate
NEWS INDUSTRY NEWS MAY 03, 2024
SVB Financial set to offload VC unit to Pinegrove affiliate

Brookfield and Sequoia Capital are backing the buyers.

How to get sales and compliance on the same page
NEWS INDUSTRY NEWS MAY 02, 2024
How to get sales and compliance on the same page

There needs to be a healthy working relationship between the powers screaming 'Now!' and those saying, 'Not so fast!'

Where will RIA buying be strongest in the next year?
NEWS PRACTICE MANAGEMENT MAY 02, 2024
Where will RIA buying be strongest in the next year?

Inaugural M&A research reveals which wealth firm segment looks sweetest for dealmakers, aggregators, lenders, and consultants.

Barred Texas broker sold GPB fund without a license: SEC
NEWS ALTERNATIVES MAY 02, 2024
Barred Texas broker sold GPB fund without a license: SEC

"The only way to really address recidivism is through bringing criminal cases," one attorney said.

Bluerock invests in Townsend for private wealth expansion as Aon sells firm
NEWS INDUSTRY NEWS MAY 02, 2024
Bluerock invests in Townsend for private wealth expansion as Aon sells firm

Alternative asset manager and investment firm will target wealthy individuals.

Most people overvalue their time, underestimate their retirement savings
NEWS INDUSTRY NEWS MAY 02, 2024
Most people overvalue their time, underestimate their retirement savings

Empower study reveals people’s perceptions are often way out.

Investors are impatient, they want big earnings
NEWS INDUSTRY NEWS MAY 02, 2024
Investors are impatient, they want big earnings

Lacklustre results from corporates wont cut it after stock rally.

World economic outlook looks better, avoids stagflation
NEWS INDUSTRY NEWS MAY 02, 2024
World economic outlook looks better, avoids stagflation

OECD says inflation should prove less of a problem for many economies.

Why global money is buying Hong Kong stocks right now
NEWS INDUSTRY NEWS MAY 02, 2024
Why global money is buying Hong Kong stocks right now

Fed's interest rate decision has further fueled Hang Seng Index.

Does bitcoin slump suggest trouble ahead in global markets?
NEWS INDUSTRY NEWS MAY 02, 2024
Does bitcoin slump suggest trouble ahead in global markets?

Crypto 'canary' may signal future shocks.

LPL shares hit fresh high after strong earnings
NEWS BROKER DEALERS MAY 01, 2024
LPL shares hit fresh high after strong earnings

"Recruiting is as strong as ever" at LPL, one analyst noted.

If the Fed cut rates in the forest, would advisors notice?
NEWS INDUSTRY NEWS MAY 01, 2024
If the Fed cut rates in the forest, would advisors notice?

Despite all the conversation and consternation on Wall Street, the Fed has not moved interest rates since last July.

How much are parents willing to cover for their kids’ college?
NEWS INDUSTRY NEWS MAY 01, 2024
How much are parents willing to cover for their kids’ college?

Northwestern Mutual poll reveals their expectations around splitting education costs, as well as Americans’ broader financial preparedness.

Lack of progress on inflation forces hawkish Fed hold
NEWS FIXED INCOME MAY 01, 2024
Lack of progress on inflation forces hawkish Fed hold

Policymakers at the US central bank raise fresh concerns around price pressures.

JP Morgan data breach hits 451,000 retirement plan members
NEWS REGULATION AND LEGISLATION MAY 01, 2024
JP Morgan data breach hits 451,000 retirement plan members

The financial services giant reported a years-long system failure that exposed names, addresses, Social Security numbers, and other sensitive info.

Eton Advisors taps Brian Hughes as new president
NEWS INDUSTRY NEWS MAY 01, 2024
Eton Advisors taps Brian Hughes as new president

The North Carolina-based multi-family office practice within Focus Financial expects the industry veteran will usher in a new chapter of growth.

Bank of America sounds warning on options-ETF boom
NEWS INDUSTRY NEWS MAY 01, 2024
Bank of America sounds warning on options-ETF boom

Skeptics says products often fare worse than simpler alternatives.

Fed set to keep rates on hold, delay cuts in the near future
NEWS INDUSTRY NEWS MAY 01, 2024
Fed set to keep rates on hold, delay cuts in the near future

FOMC will announce rate decision at 2pm ET.

JPMorgan Asset Management’s $169B ETF business chief exits
NEWS INDUSTRY NEWS MAY 01, 2024
JPMorgan Asset Management’s $169B ETF business chief exits

Global head of ETF solutions, Bryon Lake, has left the firm.

Franklin Templeton wants to transform the industry through Microsoft AI partnership
NEWS INDUSTRY NEWS MAY 01, 2024
Franklin Templeton wants to transform the industry through Microsoft AI partnership

The collab will use AI to power-up digital transformation at scale.