Industry News

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NYSE aims to attract 'exciting' Asian firms to list in US
NEWS EQUITIES APR 10, 2024
NYSE aims to attract 'exciting' Asian firms to list in US

Firms from Japan, South Korea, Indonesia, and Singapore could appear.

Blackstone deal for apartment REIT signals opportunities
NEWS ALTERNATIVES APR 09, 2024
Blackstone deal for apartment REIT signals opportunities

'It looks like Blackstone is value-investing and hunting,' a senior industry executive says.

Gen Z, millennials as likely to own crypto as real estate
NEWS INDUSTRY NEWS APR 09, 2024
Gen Z, millennials as likely to own crypto as real estate

Online poll of 4,000 adults reveals younger generations’ approaches to wealth-building, financial 'hacks,' and trusted financial sources.

Three-fifths of millennials don't have a will or trust: Study
NEWS INDUSTRY NEWS APR 09, 2024
Three-fifths of millennials don't have a will or trust: Study

Survey of 15,000 millennials reveal a gap in generational planning as caregiving duties and homebuying struggles take their toll.

Most US adults fear outliving their money more than death
NEWS RETIREMENT PLANNING APR 09, 2024
Most US adults fear outliving their money more than death

Concerns about inflation, Social Security, and taxes are stoking Americans’ financial anxiety, Allianz Life survey shows.

Ron Carson stepping down as CEO of namesake RIA
NEWS RIAS APR 09, 2024
Ron Carson stepping down as CEO of namesake RIA

The founder of the national wealth firm is handing over the reins to Burt White, former chief investment officer at LPL.

West Virginia stops banking with Citi, Northern Trust, over fossil fuels
NEWS ESG APR 09, 2024
West Virginia stops banking with Citi, Northern Trust, over fossil fuels

The state treasurer added four financial services firms to a list of those ineligible to provide banking services to the state because he says they 'boycott' the fossil fuels industry.

Wealth Enhancement Group announces new leaders as client assets surpass $81B
NEWS INDUSTRY NEWS APR 09, 2024
Wealth Enhancement Group announces new leaders as client assets surpass $81B

BlackRock's former head of income investing is among the appointments.

Mesirow eyes organic growth, new products with strategy leader appointment
NEWS INDUSTRY NEWS APR 09, 2024
Mesirow eyes organic growth, new products with strategy leader appointment

The firm's plans include further strategic hires and acquisitions.

Former Fed president James Bullard expects three rate cuts
NEWS INDUSTRY NEWS APR 09, 2024
Former Fed president James Bullard expects three rate cuts

Economic reports already justify cuts, the former central bank executive says.

Billionaire Branson's SPAC deals have cost him dearly
NEWS INDUSTRY NEWS APR 09, 2024
Billionaire Branson's SPAC deals have cost him dearly

British entrepreneur's net worth has tumbled around $5 billion.

Nearly half of US filers put off tax prep
NEWS INDUSTRY NEWS APR 08, 2024
Nearly half of US filers put off tax prep

A survey of more than 1,000 US adults offers glimpses of tax stress and procrastination as the April filing deadline looms.

Wells Fargo Advisors' midyear pay tweaks
NEWS BROKER DEALERS APR 08, 2024
Wells Fargo Advisors' midyear pay tweaks

Broker-dealers are increasingly chasing registered investment advisor assets.

Millennials are dipping into retirement savings for housing costs
NEWS INDUSTRY NEWS APR 08, 2024
Millennials are dipping into retirement savings for housing costs

Across generations, the costs of rent and mortgages are challenging.

Bonds drop as traders ease expectations for rate cuts
NEWS INDUSTRY NEWS APR 08, 2024
Bonds drop as traders ease expectations for rate cuts

Two cuts now seen as the most likely Fed action.

Up to 26M Americans could get student debt relief under new plan
NEWS INDUSTRY NEWS APR 08, 2024
Up to 26M Americans could get student debt relief under new plan

President Biden hopes his alternative plan will pass scrutiny.

Steward Partners hails strong start to 2024 recruiting
NEWS ADVISOR MOVES APR 07, 2024
Steward Partners hails strong start to 2024 recruiting

The hybrid RIA expects its $1 billion haul of new client assets in the first quarter will set it up for a repeat of its robust 2023.

Dave Ramsey takes a jab at advisors’ future clients
NEWS PRACTICE MANAGEMENT APR 05, 2024
Dave Ramsey takes a jab at advisors’ future clients

Targeting a group who could turn into financial advisors' clients is a dubious marketing strategy, executives said.

Morgan Stanley economist says Fed will cut in June
NEWS INDUSTRY NEWS APR 05, 2024
Morgan Stanley economist says Fed will cut in June

Ellen Zentner says May will be too soon but June should be right.

Cash fund flows won't ease until one year after rate cuts: BofA
NEWS INDUSTRY NEWS APR 05, 2024
Cash fund flows won't ease until one year after rate cuts: BofA

Strategist Michael Hartnett says history suggests a 12-month lag.