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UBS mulls bonuses for wealth management referrals
INDUSTRY NEWS MAY 10, 2024
UBS mulls bonuses for wealth management referrals

Fees would be paid for bankers introducing wealthy clients.

Bill Ackman confronted at Milken over DEI views
INDUSTRY NEWS MAY 10, 2024
Bill Ackman confronted at Milken over DEI views

Hedge fund veteran faced his critics at premier business event.

JPMorgan, Citi weigh potential from EU bonds change
INDUSTRY NEWS MAY 10, 2024
JPMorgan, Citi weigh potential from EU bonds change

The bloc’s debt could be added to MSCI sovereign bond indexes.

SEC probing Boeing’s safety claims following Alaska Airlines incident
REGULATION AND LEGISLATION MAY 09, 2024
SEC probing Boeing’s safety claims following Alaska Airlines incident

The federal regulator is examining statements from the company after a failure in one of its planes led to a near-tragedy in January.

SEC slaps ex-advisor with subpoena - again - over alleged cherry picking
RIAS MAY 09, 2024
SEC slaps ex-advisor with subpoena - again - over alleged cherry picking

'An advisor can only blow off the SEC for so long,' said one industry executive.

Wealth firms’ war for wallet share fuels consolidation, says Cerulli
INDUSTRY NEWS MAY 09, 2024
Wealth firms’ war for wallet share fuels consolidation, says Cerulli

Report reveals how top firms are taking more assets through M&A as they look to assimilate technology and service offerings.

Concurrent bolsters Arizona presence with new independent practice
ADVISOR MOVES MAY 09, 2024
Concurrent bolsters Arizona presence with new independent practice

With a complex merger deal culminating in a $500M book of assets, the hybrid RIA welcomes three ex-Raymond James advisors.

Bring your authentic self to your clients
OPINION MAY 09, 2024
Bring your authentic self to your clients

Be yourself and embrace what makes you unique - that's what clients are looking for.

LPL welcomes elite ex-Merrill Lynch advisor
BROKER DEALERS MAY 09, 2024
LPL welcomes elite ex-Merrill Lynch advisor

The second-generation advisor and former hedge fund analyst reported managing $85 million in assets at the wirehouse.

Most Americans have modest savings goals, but do they meet them?
INDUSTRY NEWS MAY 09, 2024
Most Americans have modest savings goals, but do they meet them?

New survey also reveals disconnect between intention and action for tax refunds.

Military households more likely to suffer financial challenges, study reveals
INDUSTRY NEWS MAY 09, 2024
Military households more likely to suffer financial challenges, study reveals

NFCC report shows requirement for financial advice is strong.

US sees uptick of homes 'seriously underwater'
INDUSTRY NEWS MAY 09, 2024
US sees uptick of homes 'seriously underwater'

Around 1 in 37 have loan balances at least 25% more than their value.

Wheat concerns as weather, geopolitics weaken stockpiles
INDUSTRY NEWS MAY 09, 2024
Wheat concerns as weather, geopolitics weaken stockpiles

US government reports on outlook as futures gain.

Has the bitcoin rebound peaked?
INDUSTRY NEWS MAY 09, 2024
Has the bitcoin rebound peaked?

The crypto is headed for its longest losing streak since October.

Hipgnosis song fund set to be acquired by Blackstone
INDUSTRY NEWS MAY 09, 2024
Hipgnosis song fund set to be acquired by Blackstone

Concord has said it will not raise its bid any further.

Blackstone REIT in media cross hairs over valuation
ALTERNATIVES MAY 08, 2024
Blackstone REIT in media cross hairs over valuation

Sketchy math dogs private market investments sold to retail investors.

Former Nuveen trader behind $47M insider scheme seeks leniency
REGULATION AND LEGISLATION MAY 08, 2024
Former Nuveen trader behind $47M insider scheme seeks leniency

Defense attorneys for the disgraced trader argue his criminal behavior was spurred by trauma and phobia about financial insecurity.

The RIA M&A trend started off strong in Q1 2024
INDUSTRY NEWS MAY 08, 2024
The RIA M&A trend started off strong in Q1 2024

Devoe & Company research reveals uptick in transactions as succession challenges, quest for talent, and growth ambitions persist.

Price tag for Trump tax cuts swells to $4.6T
TAX MAY 08, 2024
Price tag for Trump tax cuts swells to $4.6T

Estimates from Congressional Budget Office project renewed fiscal measures will more than double the cost of the original 2017 cuts.

Financial advisors pipe up on private credit allocations
INDUSTRY NEWS MAY 08, 2024
Financial advisors pipe up on private credit allocations

Advisors say private credit is a great way to add to diversification to a client portfolio, despite often lacking liquidity.