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Understanding the behavioral benefits of annuities
OPINION JAN 09, 2024
Understanding the behavioral benefits of annuities

Financial professionals tend to emphasize the strong quantitative benefits annuities provide, yet it’s the emotional and behavioral benefits that often make them the ideal choice for consumers.

Mercer adds $275M RIA in Iowa
RIAS JAN 09, 2024
Mercer adds $275M RIA in Iowa

The deal for River Glen Wealth Counselors adds to the firm’s presence in the central U.S.

'Wall Street South' beckons financial services firms
OPINION JAN 09, 2024
'Wall Street South' beckons financial services firms

Why hedge fund managers, advisory firms and other financial services firms are basking in the sun in Miami.

Diversify launches wealth management partner platform with three RIAs
ADVISOR MOVES JAN 09, 2024
Diversify launches wealth management partner platform with three RIAs

New offering is for advisors seeking the next step of their career.

Smartleaf Asset Management announces strategic partnership with Clearstead Advisors
RIAS JAN 09, 2024
Smartleaf Asset Management announces strategic partnership with Clearstead Advisors

The collaboration will enable greater tax optimization for Clearstead clients.

Is today the day for spot bitcoin ETF approval?
ETFS JAN 09, 2024
Is today the day for spot bitcoin ETF approval?

The cryptocurrency has eased from a $47K high but is up 10% so far this year.

Why activist investors are set to pull back on ESG campaigns
ESG JAN 09, 2024
Why activist investors are set to pull back on ESG campaigns

It's all about effectiveness, says consulting firm.

Investing for beginners 
JAN 09, 2024
Investing for beginners 

Those new to investing can find it daunting. But is it truly as intimidating as it seems?

Raymond James' Reilly sees comp soar in 2023
BROKER DEALERS JAN 08, 2024
Raymond James' Reilly sees comp soar in 2023

Total compensation for the IBD's CEO hit $34.9 million in the company's fiscal year ended Sept. 30.

Bitcoin-ETF issuers hope for long-awaited SEC OK this week
ETFS JAN 08, 2024
Bitcoin-ETF issuers hope for long-awaited SEC OK this week

The SEC has until Wednesday to take action on at least one of the applications for bitcoin ETFs.

Envestnet co-founder Crager to step down as CEO
FINTECH JAN 08, 2024
Envestnet co-founder Crager to step down as CEO

Bill Crager has led the firm since 2019, and his departure follows more than a year of significant developments at the fintech.

Congressional deal on spending cap eases risk of shutdown
REGULATION AND LEGISLATION JAN 08, 2024
Congressional deal on spending cap eases risk of shutdown

The agreement, negotiated by Senate Majority Leader Chuck Schumer and House Speaker Mike Johnson, sets the cap for the 12 annual spending bills at $1.59T.

Americans facing dual challenge of trying to save while managing credit card debt
INDUSTRY NEWS JAN 08, 2024
Americans facing dual challenge of trying to save while managing credit card debt

Higher income individuals recorded larger increases in card balances in 2023.

Hub International adds new acquisition to its South Florida practice
RIAS JAN 08, 2024
Hub International adds new acquisition to its South Florida practice

Latest deal will help expand the firm's reach and capabilities in the region.

High-yield munis had a great 2023, but this year may disappoint
FIXED INCOME JAN 08, 2024
High-yield munis had a great 2023, but this year may disappoint

Money managers are bearish on continued gains for the US debt assets.

Will US banks be overshadowed by European peers in 2024?
INDUSTRY NEWS JAN 08, 2024
Will US banks be overshadowed by European peers in 2024?

Undervalued European lenders may be heading for a stellar year.

UBS is expanding its China onshore wealth business
WIREHOUSES JAN 08, 2024
UBS is expanding its China onshore wealth business

Despite tough conditions in the region, the wealth and asset manager sees potential.

Advisors expect record federal debt to result in higher taxes
REGULATION AND LEGISLATION JAN 05, 2024
Advisors expect record federal debt to result in higher taxes

'As an advisor, the national debt is a very concerning issue, especially with younger clients that have a longer time horizon, because the bill is eventually going to come due,' an advisor says.

Bitcoin ETF issuers clear hurdle on path to SEC approval
ETFS JAN 05, 2024
Bitcoin ETF issuers clear hurdle on path to SEC approval

SEC staff members asked some exchanges and issuers seeking to list the ETFs to submit the final version of a key document as soon as Friday, sources said.

Wrong birthday info led to $130K in RMD penalties, plaintiffs say
RETIREMENT PLANNING JAN 05, 2024
Wrong birthday info led to $130K in RMD penalties, plaintiffs say

A Wells Fargo client who was born in 1939 had his birthdate incorrectly recorded as 2001, according to a lawsuit.