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Bitcoin fund behemoth Grayscale announces CEO succession
ALTERNATIVES MAY 20, 2024
Bitcoin fund behemoth Grayscale announces CEO succession

The crypto investment colossus is tapping an asset management veteran with history at Goldman, BlackRock, and Invesco as its next chief executive.

Former investment advisor could face 30 years in jail for fraud, money laundering
INDUSTRY NEWS MAY 20, 2024
Former investment advisor could face 30 years in jail for fraud, money laundering

Advisor used client money to fund a luxury lifestyle.

Millennials more likely to buy a home on their own than older generations
INDUSTRY NEWS MAY 20, 2024
Millennials more likely to buy a home on their own than older generations

Changing lifestyles and affordability challenges necessitate flexibility.

Stocks waiver, metals gain as markets digest Middle East news
INDUSTRY NEWS MAY 20, 2024
Stocks waiver, metals gain as markets digest Middle East news

Iran's president has died in a helicopter crash.

Morgan Stanley's prominent bear turns bullish on US stocks
INDUSTRY NEWS MAY 20, 2024
Morgan Stanley's prominent bear turns bullish on US stocks

Michael Wilson's gloomy 2023 outlook has not materialized.

EM corporate bonds compensation at six-year low
INDUSTRY NEWS MAY 20, 2024
EM corporate bonds compensation at six-year low

But investors remain committed to the strategy with optimism.

Copper at $11K record high, why is the metal surging?
INDUSTRY NEWS MAY 20, 2024
Copper at $11K record high, why is the metal surging?

A long-term warning of shortages may now be realised.

‘I want to be a catalyst for change’
INDUSTRY NEWS MAY 17, 2024
‘I want to be a catalyst for change’

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): Stanley Funches, INTELUS Wealth Management.

High school financial literacy education now mandatory in Oklahoma
REGULATION AND LEGISLATION MAY 17, 2024
High school financial literacy education now mandatory in Oklahoma

State Governor Stitt signs legislation adding financial literacy education as a requirement for high school graduation.

Carson expands East Coast presence with three new locations
INDUSTRY NEWS MAY 17, 2024
Carson expands East Coast presence with three new locations

The national RIA has fully acquired three new branches in Maryland, Georgia, and Tennesee, all led by a 25-year industry veteran.

Tragedy at BofA as 25-year-old trader dies at industry event
INDUSTRY NEWS MAY 17, 2024
Tragedy at BofA as 25-year-old trader dies at industry event

The sudden fatality is the second young employee death at the banking giant in recent weeks, raising questions around culture of long, demanding hours.

Finra dings small Calif. B-D over Reg BI, missing red flags
BROKER DEALERS MAY 17, 2024
Finra dings small Calif. B-D over Reg BI, missing red flags

'Our department’s Reg BI-related disciplinary actions have been increasing,' noted a senior Finra executive.

Does the Dow hitting 40k matter?
INDUSTRY NEWS MAY 17, 2024
Does the Dow hitting 40k matter?

To some financial advisors, Dow 40k holds genuine significance, despite it being more of a psychological marker for investors than a true financial one.

BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation
INDUSTRY NEWS MAY 17, 2024
BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation

Federal Reserve’s hawkish policy on interest rates could be fueling the fire as well-heeled investors reap the benefits.

How wide is the generation gap at family businesses?
INDUSTRY NEWS MAY 17, 2024
How wide is the generation gap at family businesses?

New report shows current and next-generation leaders split on succession planning, risks, and ownership retention.

Edward Jones adds ex-JPMorgan veteran advisor in California
ADVISOR MOVES MAY 17, 2024
Edward Jones adds ex-JPMorgan veteran advisor in California

Previously managing $250M, the firm’s new addition in the West Coast has a nearly four-decade record that includes Merrill Lynch and Wells Fargo.

Robertson Stephens welcomes Colorado-based RIA
RIAS MAY 17, 2024
Robertson Stephens welcomes Colorado-based RIA

The firm has added a new location in Colorado Springs with its latest move in the Western US.

Supreme Court backs CFPB funding, avoiding potential problem for the Fed
REGULATION AND LEGISLATION MAY 17, 2024
Supreme Court backs CFPB funding, avoiding potential problem for the Fed

Decision overturns lower court ruling won by payday loan trade bodies.

How can spending hours scrolling on a phone help achieve financial goals?
INDUSTRY NEWS MAY 17, 2024
How can spending hours scrolling on a phone help achieve financial goals?

New Empower research reveals how tech is helping us focus on finances.

Nippon's $3.8B stake in Corebridge could be just the start
INDUSTRY NEWS MAY 17, 2024
Nippon's $3.8B stake in Corebridge could be just the start

Japanese life insurer says it wants more US asset manager, insurer.