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What are the allocation priorities for investors with $18T in assets?
INDUSTRY NEWS MAR 25, 2024
What are the allocation priorities for investors with $18T in assets?

Study reveals strategies of large investors in North America and globally.

Investing in rental homes remains profitable but rent growth has slowed
INDUSTRY NEWS MAR 25, 2024
Investing in rental homes remains profitable but rent growth has slowed

Report shows average US rent growth of about 28% since February 2020.

Equities pause as markets await new clues
INDUSTRY NEWS MAR 25, 2024
Equities pause as markets await new clues

It's a short week for many markets heading into the holiday weekend.

Crypto back in favor for Goldman's hedge fund clients
ALTERNATIVES MAR 25, 2024
Crypto back in favor for Goldman's hedge fund clients

After a quiet 2022, interest is rising in cryptocurrency assets.

Rockefeller expands California presence with $1B JPMorgan team
ADVISOR MOVES MAR 22, 2024
Rockefeller expands California presence with $1B JPMorgan team

The firm is bolstering its profile in the San Francisco Bay Area with a high-net-worth practice that includes a father-son advisor duo.

The Ohtani situation is a reminder about athletes and money
PRACTICE MANAGEMENT MAR 22, 2024
The Ohtani situation is a reminder about athletes and money

Advisors caution professional athletes to hire teams and give associates limited access to their accounts.

Bordeaux expands aerospace focus with merger
RIAS MAR 22, 2024
Bordeaux expands aerospace focus with merger

The Focus partner firm is eyeing more business from high-flying industry execs as it joins forces with another RIA in Washington.

Principal on the hook for up to $5M related to alleged churning
BROKER DEALERS MAR 22, 2024
Principal on the hook for up to $5M related to alleged churning

A Minnesota-based foundation's lawsuit against the firm centers on an unnamed ex-broker's alleged churning of variable annuities.

Advisors increasing allocations as small-caps rally
INDUSTRY NEWS MAR 22, 2024
Advisors increasing allocations as small-caps rally

The chasm that has formed between large-cap and small-cap stocks is indeed compressing, making this the ideal time to put money to work. 

House panel pushes repeal of DOL independent contractor rule
REGULATION AND LEGISLATION MAR 22, 2024
House panel pushes repeal of DOL independent contractor rule

Committee votes 21-13 to undo the contentious DOL regulation, paving the way for the measure to be considered by the full House.

Washington advisor sues Hightower over noncompete language
INDUSTRY NEWS MAR 22, 2024
Washington advisor sues Hightower over noncompete language

The firm is facing a fresh challenge over alleged 'overly broad' and 'illegal' noncompete agreements.

Mutual funds, ETFs are taking a smaller bite out of returns as expense ratios fall
MUTUAL FUNDS MAR 22, 2024
Mutual funds, ETFs are taking a smaller bite out of returns as expense ratios fall

2023 continued a long-term trend of decreasing expense ratios.

Former head of BlackRock's $1T US wealth management business joins specialized firm
INDUSTRY NEWS MAR 22, 2024
Former head of BlackRock's $1T US wealth management business joins specialized firm

Frank Porcelli has a new role at a private credit and secondaries investment firm.

US heavy industries to get billions in decarbonization grants
ESG MAR 22, 2024
US heavy industries to get billions in decarbonization grants

More than $6B could be awarded to projects that cut emissions.

Investing in precious metals may not be so safe, regulators warn
ALTERNATIVES MAR 21, 2024
Investing in precious metals may not be so safe, regulators warn

Joint effort by CFTC, NASAA and Finra flags risks and potential fraud, including common falsehoods and scams aimed at IRA investors.

Finra bars former ETrade employee
BROKER DEALERS MAR 21, 2024
Finra bars former ETrade employee

The former rep refused to cooperate with an investigation alleging that he transferred funds from a client account without authorization

All kinds of B-Ds, not just the giants, are making deals
BROKER DEALERS MAR 21, 2024
All kinds of B-Ds, not just the giants, are making deals

'Those offers from smaller firms don’t always get as high as those from the bigger players, but they are pretty darn close,' says a recruiter.

Social Security backs off tough stance on recouping overpayments
RETIREMENT PLANNING MAR 21, 2024
Social Security backs off tough stance on recouping overpayments

Commissioner Martin O'Malley, in his early days on the job, said that practices will change next week.

LPL expands in Louisiana with Osaic advisor
BROKER DEALERS MAR 21, 2024
LPL expands in Louisiana with Osaic advisor

The Lafayette-based advisor, who founded his firm in 1984, manages $150 million.

Raymond James signs $300M trio from UBS
BROKER DEALERS MAR 21, 2024
Raymond James signs $300M trio from UBS

The firm is expanding its footprint in California as it scoops up another three advisors from UBS.