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Allworth Financial announces partnership with $300M firm
INDUSTRY NEWS FEB 15, 2024
Allworth Financial announces partnership with $300M firm

The deal brings the growing RIA firm's total acquisitions to 34.

Mercer Advisors welcomes five RIA industry veterans
RIAS FEB 15, 2024
Mercer Advisors welcomes five RIA industry veterans

The new executives have experience at some of the biggest industry names.

Earnings help stocks advance in early trade Thursday
EQUITIES FEB 15, 2024
Earnings help stocks advance in early trade Thursday

Big tech helped US market gain in previous session.

Citi hails private fund tokenization pilot as a success
FINTECH FEB 15, 2024
Citi hails private fund tokenization pilot as a success

The proof of concept could accelerate blockchain tech on Wall Street.

Japan in recession, no longer world's third-largest economy
INDUSTRY NEWS FEB 15, 2024
Japan in recession, no longer world's third-largest economy

Despite negative rates, the economy has unexpectedly weakened.

Are LPL shares heading to $300?
BROKER DEALERS FEB 14, 2024
Are LPL shares heading to $300?

The acquisition of Atria will transform LPL 'from a leading player in the space into a category killer,' analyst says.

Cetera recruits three-decade veteran from Triad
BROKER DEALERS FEB 14, 2024
Cetera recruits three-decade veteran from Triad

The seasoned advisor oversees more than $120 million in assets at his planning and investment practice in Rome, Georgia.

Fidelity Charitable reveals record year in philanthropic giving
INDUSTRY NEWS FEB 14, 2024
Fidelity Charitable reveals record year in philanthropic giving

Annual report shows donors made $11.8 billion in grants from Fidelity's donor-advised funds last year.

Morgan Stanley to cut several hundred jobs in wealth unit
WIREHOUSES FEB 14, 2024
Morgan Stanley to cut several hundred jobs in wealth unit

The layoffs will affect less than 1 percent of the workers in the wealth management business.

Another setback for Schwab as net new assets decline again
BROKER DEALERS FEB 14, 2024
Another setback for Schwab as net new assets decline again

The firm saw a year-over-year drop of 65 percent in new asset flows in January, including a steep slowdown in core net new assets.

Treasury proposes anti-money laundering rule for financial advisors
REGULATION AND LEGISLATION FEB 14, 2024
Treasury proposes anti-money laundering rule for financial advisors

Should advisors receive a cash prize for catching potential money launderers?

Alt managers’ push to advisors hits resistance at some B-Ds
ALTERNATIVES FEB 14, 2024
Alt managers’ push to advisors hits resistance at some B-Ds

‘When I got here in 2016, I had no idea who the alternative investment sponsors were,’ says Jamie Price of Osaic.

Choosing between a revocable vs irrevocable trust 
FEB 14, 2024
Choosing between a revocable vs irrevocable trust 

Investors can choose to set up a trust instead of a will for their estate planning. Should they have a revocable or an irrevocable trust? Find out here

Dividend investing for beginners 
FEB 14, 2024
Dividend investing for beginners 

In the short term, regular returns from dividend-paying stock are an attractive prospect. But is investing in dividend stock a viable long-term strategy?

Raymond James adds to talent pool with Morgan Stanley hire
BROKER DEALERS FEB 14, 2024
Raymond James adds to talent pool with Morgan Stanley hire

The seasoned advisor brings more than two decades of industry experience.

Wealth management firms start off 2024 with M&A bang
RIAS FEB 14, 2024
Wealth management firms start off 2024 with M&A bang

A January wave of consolidation sees $32 billion in assets purchased across 23 deals, Fidelity reports.

On a mission to make the advisory industry more female-friendly
PRACTICE MANAGEMENT FEB 14, 2024
On a mission to make the advisory industry more female-friendly

‘Women are like an afterthought in the industry’, says Cary Carbonaro, of Advisors Capital Management

How does the work and pay picture look for financial professionals?
PRACTICE MANAGEMENT FEB 14, 2024
How does the work and pay picture look for financial professionals?

Data from College for Financial Planning reveal views on compensation, career development, and workforce challenges.

Twenty Four Wealth boosts $814M practice with acquisition
INDUSTRY NEWS FEB 14, 2024
Twenty Four Wealth boosts $814M practice with acquisition

Connecticut firm has acquired a $150M firm in New Hampshire.

How getting in touch with your emotions can lead to better market trading
INDUSTRY NEWS FEB 14, 2024
How getting in touch with your emotions can lead to better market trading

New study reveals how emotions are impacted by challenging market conditions.