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Oil markets should be 'comfortable' in 2024, IEA says
INDUSTRY NEWS FEB 13, 2024
Oil markets should be 'comfortable' in 2024, IEA says

Prices should be moderate despite weakening demand.

RIAs struggle to keep up with ancillary services that clients want
RIAS FEB 12, 2024
RIAs struggle to keep up with ancillary services that clients want

An insurance brokerage CEO says RIAs' failure to adopt modern technology is causing them to fall behind.

Alex David jumps to Raymond James from Stifel
BROKER DEALERS FEB 12, 2024
Alex David jumps to Raymond James from Stifel

'This appears to be more of a reflection on Stifel,' one industry recruiter says.

Does private equity benefit RIAs?
RIAS FEB 12, 2024
Does private equity benefit RIAs?

Michael Kitces, longtime financial planner and blogger, says he’s ‘not a fan.'

FPA, CFP Board diverge on DOL investment advice proposal
RETIREMENT PLANNING FEB 12, 2024
FPA, CFP Board diverge on DOL investment advice proposal

While the CFP Board supports the proposal, the FPA has expressed concerns about the DOL rule potentially raising compliance costs for members, increasing the cost of advice and reducing access to advice for some.

Financial wellness benefits a ‘must-have’ work perk: Vestwell
RETIREMENT PLANNING FEB 12, 2024
Financial wellness benefits a ‘must-have’ work perk: Vestwell

Poll of more than 1,200 workers highlights shifting savings habits, student debt woes, and overwhelming demand for advisors.

Helping advisors build their businesses
RIAS FEB 12, 2024
Helping advisors build their businesses

A combination of obsessive entrepreneurial spirit and a roller-coaster learning curve led William Huston to a unique niche within financial services.

New RIA co-op platform targets diversity gap
RIAS FEB 12, 2024
New RIA co-op platform targets diversity gap

The two female advisors behind independent platform explain residency program that aims to ensure talent funnel of diverse candidates.

Former $335M Wells Fargo team joins Stifel's independent broker-dealer subsidiary
ADVISOR MOVES FEB 12, 2024
Former $335M Wells Fargo team joins Stifel's independent broker-dealer subsidiary

Washington team is the second practice to join the firm so far in 2024.

Braxton encourages RIAs to see investing in diversity as a business strategy
RIAS FEB 12, 2024
Braxton encourages RIAs to see investing in diversity as a business strategy

‘If a firm values its human capital, then it will make an investment to make sure that their talent can flourish for the advancement of the bottom line,’ says Lazetta Rainey Braxton, co-CEO of 2050 Wealth Partners.

Bond traders change bets on Fed rate cuts
FIXED INCOME FEB 12, 2024
Bond traders change bets on Fed rate cuts

Markets are now conceding that a slower pace is likely.

Economists believe Fed has gone too far in restrictive policy
INDUSTRY NEWS FEB 12, 2024
Economists believe Fed has gone too far in restrictive policy

It's the most critical view of the NABE in 13 years.

Private equity returns have slumped, says Raymond James
INDUSTRY NEWS FEB 12, 2024
Private equity returns have slumped, says Raymond James

Returns to investors are at their worst level since the financial crisis.

Janus Henderson index suggests Fed will achieve soft landing
INDUSTRY NEWS FEB 12, 2024
Janus Henderson index suggests Fed will achieve soft landing

Credit risk indicators have stopped flashing red for the first time since rate hikes began.

Financial infidelity, credit card debt behind one-third of divorces
INDUSTRY NEWS FEB 11, 2024
Financial infidelity, credit card debt behind one-third of divorces

A poll of divorced Americans sheds light on the role of debt in separations and the financial fallout for divorcees.

Bill chips away at SALT block but comes with drawbacks, advisors say
REGULATION AND LEGISLATION FEB 09, 2024
Bill chips away at SALT block but comes with drawbacks, advisors say

'I’d love to see the [full] SALT deduction come back but not if it means rates go up,' one advisor says.

Sustainable investing interest growing globally, Morgan Stanley says
ESG FEB 09, 2024
Sustainable investing interest growing globally, Morgan Stanley says

International poll shows US investors are allocating more of their portfolios toward sustainability compared to their peers overseas.

Citizens Financial advances high-net-worth ambitions with key hires
INDUSTRY NEWS FEB 09, 2024
Citizens Financial advances high-net-worth ambitions with key hires

The bank has recruited two JPMorgan execs to help build out its private banking and wealth management businesses.

UBS bolsters upper-high-net-worth presence with $2B team
WIREHOUSES FEB 09, 2024
UBS bolsters upper-high-net-worth presence with $2B team

New Jersey-based boutique practice focused on affluent families leaves Merrill Lynch to join UBS.

Cambridge, Lincoln among firms hit by SEC's $81M fine blitz
INDUSTRY NEWS FEB 09, 2024
Cambridge, Lincoln among firms hit by SEC's $81M fine blitz

Text messaging issues at broker-dealers and RIAs could have been avoided with some regulatory guidance, compliance expert says.