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Tech rally fuels equities rally, commodities gain
INDUSTRY NEWS APR 26, 2024
Tech rally fuels equities rally, commodities gain

But there are headwinds including US data, Japan intervention.

Treasuries rise ahead of US inflation data
INDUSTRY NEWS APR 26, 2024
Treasuries rise ahead of US inflation data

Early trade Friday paused a selloff in global bonds.

Bad day for Bitcoin, net $218M withdrawn from ETFs
INDUSTRY NEWS APR 26, 2024
Bad day for Bitcoin, net $218M withdrawn from ETFs

Hong Kong will become latest market to launch crypto ETFs.

UBS share buybacks may be at risk from regulators
INDUSTRY NEWS APR 26, 2024
UBS share buybacks may be at risk from regulators

The banking group may need an extra $20B buffer under new rules.

‘Make sure clients know what they own and why’
INDUSTRY NEWS APR 25, 2024
‘Make sure clients know what they own and why’

Industry executives discuss being highly selective in private credit and the rise of hybrid ETFs.

Fed will cut once before presidential election, says Howard Lutnick
INDUSTRY NEWS APR 25, 2024
Fed will cut once before presidential election, says Howard Lutnick

Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.

Raymond James' CEO shrugs off DOL rule
BROKER DEALERS APR 25, 2024
Raymond James' CEO shrugs off DOL rule

"It doesn't look too problematic at all," Paul Reilly said.

Wealth Enhancement Group lands $502M powerhouse team
ADVISOR MOVES APR 25, 2024
Wealth Enhancement Group lands $502M powerhouse team

The national wealth firm is snapping up a hybrid RIA from Raymond James, establishing its fourth foothold in Maryland.

Tech stocks tumble after Meta misses on earnings
INDUSTRY NEWS APR 25, 2024
Tech stocks tumble after Meta misses on earnings

The Nasdaq 100 shed $400B, the Facebook parent slumped by as much as 16%, and AI believers are left on tenterhooks.

Cetera names new head of corporate development
RIAS APR 25, 2024
Cetera names new head of corporate development

With a successful record at Avantax, Wall Street veteran Michael Molnar is set to lead the RIA's M&A and advisor succession planning strategy.

Distressed investors finding opportunities despite bull market, strong economy
INDUSTRY NEWS APR 25, 2024
Distressed investors finding opportunities despite bull market, strong economy

"Interest rates have skyrocketed in the last 24 months and because of that, you're seeing more and more distress,” said one fund manager.

LPL welcomes $190M boomerang advisor
BROKER DEALERS APR 25, 2024
LPL welcomes $190M boomerang advisor

The broker-dealer broadened its advisory footprint in North Carolina as industry veteran returns from Benjamin F. Edwards & Co.

US investment firms have seen 9% rise in financial impact of fraud
INDUSTRY NEWS APR 25, 2024
US investment firms have seen 9% rise in financial impact of fraud

LexisNexis report highlights increased risk as digital channels expand.

IRS wants to streamline tax disputes with new focus on alternative programs
INDUSTRY NEWS APR 25, 2024
IRS wants to streamline tax disputes with new focus on alternative programs

Alternative Dispute Resolution Program Management Office formed.

Tech stocks drag US futures as GDP stats awaited
INDUSTRY NEWS APR 25, 2024
Tech stocks drag US futures as GDP stats awaited

Meta dropped 15% in premarket trading Thursday.

ESG mandated US funds posted $9B outflows in Q1
INDUSTRY NEWS APR 25, 2024
ESG mandated US funds posted $9B outflows in Q1

First three months of 2024 was challenging for sustainable funds.

International exporters to US set to win amid dollar gains
INDUSTRY NEWS APR 25, 2024
International exporters to US set to win amid dollar gains

While other international stocks are pressured, exporters should win.

Two words that turned $8.99 into a cool million dollars
INDUSTRY NEWS APR 25, 2024
Two words that turned $8.99 into a cool million dollars

A think tank intern's crypto bet was a most unusual 'investment'.

Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule
COMPLIANCE APR 24, 2024
Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule

A growing sentiment against restricting employee moves could affect non-solicitation, too.

Concurrent invests in tomorrow with leadership hires
PRACTICE MANAGEMENT APR 24, 2024
Concurrent invests in tomorrow with leadership hires

The hybrid RIA appoints industry vets to its bench as it emphasizes commitment to growth, next-gen talent, and succession.