Industry News

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Why energy traders are returning to metals
NEWS INDUSTRY NEWS APR 24, 2024
Why energy traders are returning to metals

Copper and aluminum among commodities expected to gain.

Weak yen has been good for equity investors, but now it's a risk
NEWS INDUSTRY NEWS APR 24, 2024
Weak yen has been good for equity investors, but now it's a risk

Japan's currency continues to depreciate and it’s causing issues.

Nationwide’s Eric Henderson set to step down
NEWS RETIREMENT PLANNING APR 23, 2024
Nationwide’s Eric Henderson set to step down

The president of the financial giant’s annuity business is exiting at the end of 2024, capping off a transformative four-decade career.

Advisor recruiting getting "irrational," says Ameriprise CEO
NEWS RIAS APR 23, 2024
Advisor recruiting getting "irrational," says Ameriprise CEO

"I do believe that the market is very competitive," says Ameriprise CEO Cracchiolo.

Showtime for HSBC’s wealth strategy as it unveils NYC office
NEWS INDUSTRY NEWS APR 23, 2024
Showtime for HSBC’s wealth strategy as it unveils NYC office

The banking services giant is making a statement to high-net-worth and ultra-affluent individuals with its flagship center in New York.

Fidelity hits HSA record amid assets, adoption boom
NEWS RETIREMENT PLANNING APR 23, 2024
Fidelity hits HSA record amid assets, adoption boom

Firm is now the second-largest provider of health savings accounts, with HAS assets quadrupling to $24B since 2020.

Poll shows Americans lack action when it comes to estate planning
NEWS PRACTICE MANAGEMENT APR 23, 2024
Poll shows Americans lack action when it comes to estate planning

Survey of US adults finds stunning shortfalls, with behavioral differences running along gender, wealth, and generational lines.

American teens stressed about their parents' finances and their own
NEWS INDUSTRY NEWS APR 23, 2024
American teens stressed about their parents' finances and their own

Most want to know more about money to avoid the pitfalls.

EQT focuses on growth for private wealth business with new Americas head
NEWS INDUSTRY NEWS APR 23, 2024
EQT focuses on growth for private wealth business with new Americas head

The Swedish investment firm has four offices in the US.

Buy the dip in global stocks: Citigroup
NEWS INDUSTRY NEWS APR 23, 2024
Buy the dip in global stocks: Citigroup

Strategists say equities have increased their appeal.

Investors in 'disappointing' funds pioneered by Ray Dalio demand exit
NEWS INDUSTRY NEWS APR 23, 2024
Investors in 'disappointing' funds pioneered by Ray Dalio demand exit

Risk-parity funds promised a lot, but investors want their money back.

Gold in decline after biggest one-day drop in two years
NEWS INDUSTRY NEWS APR 23, 2024
Gold in decline after biggest one-day drop in two years

Geopolitics and higher-for-longer rates are weakening demand.

Binance's bitcoin trading market share tumbles as rivals gain
NEWS INDUSTRY NEWS APR 23, 2024
Binance's bitcoin trading market share tumbles as rivals gain

World's largest crypto platform's share of trades drops from 81% to 55%.

Solid start to wealth management deals in 2024: report
NEWS RIAS APR 22, 2024
Solid start to wealth management deals in 2024: report

"We’re seeing continued deal flow of mid-sized and smaller RIAs, along with broker-dealers, too," one banker said.

Should advisors be looking for gold alternatives?
NEWS INDUSTRY NEWS APR 22, 2024
Should advisors be looking for gold alternatives?

Gold has been shining this year, but there are other precious metals that advisors may want to consider adding to portfolios.

Ritholtz Wealth expands its California footprint
NEWS RIAS APR 22, 2024
Ritholtz Wealth expands its California footprint

The $4B RIA has announced the opening of a new office branch in Los Angeles, led by a 15-year industry veteran.

Alpha Capital taps industry vet as portfolio management lead
NEWS RIAS APR 22, 2024
Alpha Capital taps industry vet as portfolio management lead

The outsourced family office, headquartered in Colorado, is welcoming an UHNW wealth advisor who managed more than $500M at Northern Trust.

Goldman strikes deal to exit robo business
NEWS FINTECH APR 22, 2024
Goldman strikes deal to exit robo business

The banking behemoth is transferring its automated investing business to Betterment as it refocuses on its Wall Street operations.

InvestmentNews Awards excellence awardees revealed
NEWS INDUSTRY NEWS APR 22, 2024
InvestmentNews Awards excellence awardees revealed

The inaugural awards night on June 20 will celebrate the industry's best and brightest. Did you make the list?

Asset managers propose strategic partnership to expand US, global distribution
NEWS INDUSTRY NEWS APR 22, 2024
Asset managers propose strategic partnership to expand US, global distribution

The proposal involves a Texas firm and the US operation of a European asset manager.