Industry News

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Raymond James' CEO shrugs off DOL rule
NEWS BROKER DEALERS APR 25, 2024
Raymond James' CEO shrugs off DOL rule

"It doesn't look too problematic at all," Paul Reilly said.

Tech stocks tumble after Meta misses on earnings
NEWS INDUSTRY NEWS APR 25, 2024
Tech stocks tumble after Meta misses on earnings

The Nasdaq 100 shed $400B, the Facebook parent slumped by as much as 16%, and AI believers are left on tenterhooks.

Cetera names new head of corporate development
NEWS RIAS APR 25, 2024
Cetera names new head of corporate development

With a successful record at Avantax, Wall Street veteran Michael Molnar is set to lead the RIA's M&A and advisor succession planning strategy.

Distressed investors finding opportunities despite bull market, strong economy
NEWS INDUSTRY NEWS APR 25, 2024
Distressed investors finding opportunities despite bull market, strong economy

"Interest rates have skyrocketed in the last 24 months and because of that, you're seeing more and more distress,” said one fund manager.

US investment firms have seen 9% rise in financial impact of fraud
NEWS INDUSTRY NEWS APR 25, 2024
US investment firms have seen 9% rise in financial impact of fraud

LexisNexis report highlights increased risk as digital channels expand.

IRS wants to streamline tax disputes with new focus on alternative programs
NEWS INDUSTRY NEWS APR 25, 2024
IRS wants to streamline tax disputes with new focus on alternative programs

Alternative Dispute Resolution Program Management Office formed.

Tech stocks drag US futures as GDP stats awaited
NEWS INDUSTRY NEWS APR 25, 2024
Tech stocks drag US futures as GDP stats awaited

Meta dropped 15% in premarket trading Thursday.

ESG mandated US funds posted $9B outflows in Q1
NEWS INDUSTRY NEWS APR 25, 2024
ESG mandated US funds posted $9B outflows in Q1

First three months of 2024 was challenging for sustainable funds.

International exporters to US set to win amid dollar gains
NEWS INDUSTRY NEWS APR 25, 2024
International exporters to US set to win amid dollar gains

While other international stocks are pressured, exporters should win.

Two words that turned $8.99 into a cool million dollars
NEWS INDUSTRY NEWS APR 25, 2024
Two words that turned $8.99 into a cool million dollars

A think tank intern's crypto bet was a most unusual 'investment'.

Concurrent invests in tomorrow with leadership hires
NEWS PRACTICE MANAGEMENT APR 24, 2024
Concurrent invests in tomorrow with leadership hires

The hybrid RIA appoints industry vets to its bench as it emphasizes commitment to growth, next-gen talent, and succession.

New DOL rule no big deal, says Stifel's Kruszewski
NEWS BROKER DEALERS APR 24, 2024
New DOL rule no big deal, says Stifel's Kruszewski

"It appears to be less restrictive than what was proposed," says CEO.

Concord ups the ante on Hipgnosis takeover battle
NEWS ALTERNATIVES APR 24, 2024
Concord ups the ante on Hipgnosis takeover battle

The music rights investor increased its bid to own the London-listed company’s enviable library of songs from iconic acts.

Future Proof unveils plans for Miami event
NEWS ALTERNATIVES APR 24, 2024
Future Proof unveils plans for Miami event

The Future Proof Citywide Event next year will assemble over 2,500 stakeholders across the wealth, alternatives, and fintech spaces.

Tifin taps another LPL leadership alum to its C-suite
NEWS FINTECH APR 24, 2024
Tifin taps another LPL leadership alum to its C-suite

The leading AI and wealth technology provider has announced Jeannette Kuda as its new chief operating officer.

Trump Media doubles down on illegal short-selling claims
NEWS INDUSTRY NEWS APR 24, 2024
Trump Media doubles down on illegal short-selling claims

Parent company of Truth Social has flagged concerns that so-called "naked" short sales are happening.

Millennials, Gen Z starting earlier on ‘serious’ financial planning
NEWS PRACTICE MANAGEMENT APR 24, 2024
Millennials, Gen Z starting earlier on ‘serious’ financial planning

Compared to boomers, younger generations are getting quicker starts to equipped themselves for their financial journeys.

NEWS ADVISOR MOVES APR 24, 2024
Carson Group welcomes new CFO to executive leadership team

NEWS LIFE INSURANCE AND ANNUITIES APR 24, 2024
Retirement income from four sources is expected by half of future retirees

Advisors should help clients consider retirement surprises, survey suggests.

Ultra-rich tax to save Social Security? Swing state voters in favor
NEWS INDUSTRY NEWS APR 24, 2024
Ultra-rich tax to save Social Security? Swing state voters in favor

Ideas such as a billionaire tax prove popular in Bloomberg poll.