Industry News

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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.

Are earnings likely to grow? Wall Street strategists are split
NEWS INDUSTRY NEWS APR 22, 2024
Are earnings likely to grow? Wall Street strategists are split

The ability of Corporate America to deliver results is in question.

Greenback bounceback set to stay
NEWS INDUSTRY NEWS APR 22, 2024
Greenback bounceback set to stay

The resurgent US dollar reflects global view of the economy.

LPL's Chris Cassidy talks Atria deal, credit unions
NEWS BROKER DEALERS APR 19, 2024
LPL's Chris Cassidy talks Atria deal, credit unions

'Credit unions are nonprofit institutions, so that creates a collaborative approach,' Cassidy says.

Investors remain optimistic despite growing economic concerns: Morgan Stanley
NEWS INDUSTRY NEWS APR 19, 2024
Investors remain optimistic despite growing economic concerns: Morgan Stanley

But how will changing expectations of a soft landing impact portfolio management?

Schroders announces senior leadership appointments
NEWS INDUSTRY NEWS APR 19, 2024
Schroders announces senior leadership appointments

Global firm's equities business has a new co-head for developed markets.

What does succession look like for $6B Armani?
NEWS INDUSTRY NEWS APR 19, 2024
What does succession look like for $6B Armani?

An IPO or merger could be on the cards as the billionaire designer turns 90.

Employers falling short of workers’ benefits expectations
NEWS RETIREMENT PLANNING APR 18, 2024
Employers falling short of workers’ benefits expectations

Two national surveys examining employer-provided plans point to gaps in retirement confidence and health benefits.

What’s a 401(k)? Two-fifths of Americans admit they don’t know
NEWS RETIREMENT PLANNING APR 18, 2024
What’s a 401(k)? Two-fifths of Americans admit they don’t know

National poll reveals worrying knowledge gaps, demographic differences in financial habits, and popular money-saving strategies.

Miracle Mile names new chief investment officer
NEWS RIAS APR 18, 2024
Miracle Mile names new chief investment officer

The Los Angeles-based RIA’s latest hire will steer its investment research initiatives as the firm continues to court high-net-worth clients.

Bankrupt GWG bonds not right for anyone: Finra arbitrator
NEWS ALTERNATIVES APR 18, 2024
Bankrupt GWG bonds not right for anyone: Finra arbitrator

By 2020, 'GWG had shown years of losses and large negative cash flows,' a securities arbitrator writes.

As EV adoption races higher, is it time to charge into electricity investments?
NEWS INDUSTRY NEWS APR 18, 2024
As EV adoption races higher, is it time to charge into electricity investments?

The three hottest investment areas over the past few years – crypto, AI and EVs – all require a ton of electricity.

Steward adds $488M with twin acquisitions
NEWS INDUSTRY NEWS APR 18, 2024
Steward adds $488M with twin acquisitions

The hybrid’s new deals expand its presence in the Virginia and Ohio markets.

HSA enrollees use health care services differently than those with PPOs, research shows
NEWS INDUSTRY NEWS APR 18, 2024
HSA enrollees use health care services differently than those with PPOs, research shows

EBRI research also looks at spending for the two types of plan.

Sotheby's claims a first with $700M securitization backed by art-secured loans
NEWS INDUSTRY NEWS APR 18, 2024
Sotheby's claims a first with $700M securitization backed by art-secured loans

Art financing unit announces groundbreaking milestone.

Correction for Nvidia, chip stocks index
NEWS INDUSTRY NEWS APR 18, 2024
Correction for Nvidia, chip stocks index

The darlings of the market in recent years are facing challenges.

Fed's slower pace spreads to emerging markets
NEWS INDUSTRY NEWS APR 18, 2024
Fed's slower pace spreads to emerging markets

Rate cut bets in major Asian markets have eased.

Chili Peppers, Neil Young fund sells $2B catalog for a song
NEWS INDUSTRY NEWS APR 18, 2024
Chili Peppers, Neil Young fund sells $2B catalog for a song

Concord to buy struggling Hipgnosis fund for around $1.4B.