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LPL Financial beats expected earnings helped by record $26B recruitment assets
INDUSTRY NEWS OCT 31, 2024
LPL Financial beats expected earnings helped by record $26B recruitment assets

The firm reported record advisor count, strong organic growth.

Why retaining HNW clients ultimately comes down to one basic thing
INDUSTRY NEWS OCT 31, 2024
Why retaining HNW clients ultimately comes down to one basic thing

New survey finds varied levels of loyalty to advisors by generation.

Stocks drop as investors digest Microsoft, Meta earnings
INDUSTRY NEWS OCT 31, 2024
Stocks drop as investors digest Microsoft, Meta earnings

Busy day for results, key data give markets concerns.

Bryant Riley loan collateral misreported in company filings
INDUSTRY NEWS OCT 31, 2024
Bryant Riley loan collateral misreported in company filings

Incorrect data may have impacted decisions of short-sellers.

Meta will continue to invest millions in AI, metaverse
INDUSTRY NEWS OCT 31, 2024
Meta will continue to invest millions in AI, metaverse

Zuckerberg warns investors to expect more losses.

BlackRock sees record $872M one-day inflows to Bitcoin ETF
INDUSTRY NEWS OCT 31, 2024
BlackRock sees record $872M one-day inflows to Bitcoin ETF

Trump trade surge for crypto funds as election nears.

YieldStreet, investors, reach $6.2 million settlement over sunken ship scrap deal
REGULATION AND LEGISLATION OCT 30, 2024
YieldStreet, investors, reach $6.2 million settlement over sunken ship scrap deal

“YieldStreet raised money and some of the ships disappeared,” one attorney says.

CFP Board "welcomes meaningful dialogue" with Simfa despite accusations
REGULATION AND LEGISLATION OCT 30, 2024
CFP Board "welcomes meaningful dialogue" with Simfa despite accusations

The Securities Industry and Financial Markets Association outlines frustrations around rules that overlap with SEC and Finra regulations, telling CFP Board: You’re not a regulator, so stop acting like one.

RBC lands two Morgan Stanley teams with a combined $1.45B in assets
ADVISOR MOVES OCT 30, 2024
RBC lands two Morgan Stanley teams with a combined $1.45B in assets

The firm has gained strength in the Northeast with its latest additions in Maryland and Connecticut.

The election is just one of several key investor concerns, says Janus Henderson
INDUSTRY NEWS OCT 30, 2024
The election is just one of several key investor concerns, says Janus Henderson

A shift away from equities, the rise of AI, and too-good news on financial literacy should catch advisors' attention, says the global asset manager.

Wealth managers eyeing municipal bonds ahead of tax cut sunsets
FIXED INCOME OCT 30, 2024
Wealth managers eyeing municipal bonds ahead of tax cut sunsets

Some advisors are waiting for the election before adding more muni-bonds. Others are getting a head start.

Resilient consumers drive robust third quarter US growth
INDUSTRY NEWS OCT 30, 2024
Resilient consumers drive robust third quarter US growth

The latest federal GDP estimates coupled with closely watched inflation measure set a smooth course for the Fed's continued rate cutting.

Building a competitive edge: technology as a catalyst for advisor growth
OPINION OCT 30, 2024
Building a competitive edge: technology as a catalyst for advisor growth

Advisors who fear they'll grow obsolete with the rise of apps, AI and algorithms may be missing a future-proofing opportunity.

Homeowners look at refinancing to ease monthly mortgage payment struggles
INDUSTRY NEWS OCT 30, 2024
Homeowners look at refinancing to ease monthly mortgage payment struggles

Millennials are most likely to say payments are impacting their personal finances.

NFL's Buffalo Bills, Miami Dolphins in reported talks with investment firms
INDUSTRY NEWS OCT 30, 2024
NFL's Buffalo Bills, Miami Dolphins in reported talks with investment firms

NFL owners voted in August for private equity funds to own minority stakes.

Retirement income plans lacking for most Americans, reveals Allianz Life
INDUSTRY NEWS OCT 30, 2024
Retirement income plans lacking for most Americans, reveals Allianz Life

Turning retirement savings into retirement income is the big challenge.

Ermotti says Trump win would be 'classic sell on the news' event
INDUSTRY NEWS OCT 30, 2024
Ermotti says Trump win would be 'classic sell on the news' event

UBS chief is expecting volatility whatever the election result.

Gold gains to another new record high
INDUSTRY NEWS OCT 30, 2024
Gold gains to another new record high

Bullion has reached new milestones frequently in recent months.

Why the US banking industry may be the big opportunity right now
INDUSTRY NEWS OCT 30, 2024
Why the US banking industry may be the big opportunity right now

Former Barclays chief Diamond says consolidation is key.

Are put options the new bonds?
EQUITIES OCT 29, 2024
Are put options the new bonds?

"Puts are there to protect you when markets go down fast."