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Is it time to invest in people's $8.5T investment in themselves?
INDUSTRY NEWS NOV 13, 2023
Is it time to invest in people's $8.5T investment in themselves?

The global wellness sector is set for exponential growth.

When will the Fed start cutting rates? Wall Street titans disagree
INDUSTRY NEWS NOV 13, 2023
When will the Fed start cutting rates? Wall Street titans disagree

Morgan Stanley and Goldman Sachs have different views of what's ahead.

Dudley warns US fiscal position is on an 'unsustainable trajectory'
INDUSTRY NEWS NOV 13, 2023
Dudley warns US fiscal position is on an 'unsustainable trajectory'

The former New York Fed president says the outlook isn't good.

US assets set to outperform in 2024, says Morgan Stanley
INDUSTRY NEWS NOV 13, 2023
US assets set to outperform in 2024, says Morgan Stanley

Stocks and bonds will do better than EM peers but expect a dip first.

Cyber 'catastrophe bonds' could be heading to public debt markets
INDUSTRY NEWS NOV 13, 2023
Cyber 'catastrophe bonds' could be heading to public debt markets

Investments typically associated with natural disasters are increasingly available to mitigate cyber-risk costs.

Giant bank goes old school as hack bites
FINTECH NOV 10, 2023
Giant bank goes old school as hack bites

Regulators, governments try to assess fallout as suspected Russian cyberattack creates mayhem.

Government shutdown would threaten SEC agenda
REGULATION AND LEGISLATION NOV 10, 2023
Government shutdown would threaten SEC agenda

If a federal shutdown occurs, the SEC would cease most operations, potentially jeopardizing pending rules. The IRS would also go quiet as advisors wait for SECURE 2.0 guidance.

Consumers lean on unsecured debt as cost of living bites, reports TransUnion
INDUSTRY NEWS NOV 10, 2023
Consumers lean on unsecured debt as cost of living bites, reports TransUnion

Bank card and personal loan balances rise 15% while mortgage originations tumble.

Emigrant Partners plans for growth with strategic hires, team expansions
INDUSTRY NEWS NOV 10, 2023
Emigrant Partners plans for growth with strategic hires, team expansions

The firm works with wealth and asset managers with a collective $96B AUM.

Illinois advisor moves $230M practice to LPL from Wells Fargo
ADVISOR MOVES NOV 10, 2023
Illinois advisor moves $230M practice to LPL from Wells Fargo

25-year industry veteran seeks greater autonomy for next stage of his career.

JPMorgan's $290M for Epstein victims sends a signal to the industry
INDUSTRY NEWS NOV 10, 2023
JPMorgan's $290M for Epstein victims sends a signal to the industry

Federal court judge approves substantial payout and says the industry must take responsibility.

Pimco's $10B inflows was shining light in Allianz earnings
INDUSTRY NEWS NOV 10, 2023
Pimco's $10B inflows was shining light in Allianz earnings

The bond management business helped offset losses in the global firm’s insurance operations.

Can US, China reach climate agreements ahead of COP 28?
INDUSTRY NEWS NOV 10, 2023
Can US, China reach climate agreements ahead of COP 28?

A meeting in California aimed to find some common ground.

Goldman Sachs eyes Middle East growth with Credit Suisse hires
INDUSTRY NEWS NOV 10, 2023
Goldman Sachs eyes Middle East growth with Credit Suisse hires

Wall Street firm sees opportunity as region's ultra-wealthy population rises.

GOP riders to stop SEC rules face difficult legislative path
REGULATION AND LEGISLATION NOV 09, 2023
GOP riders to stop SEC rules face difficult legislative path

'Senate Democrats are highly unlikely to go along with [those provisions] that have been inserted into appropriations bills in the House,' says an official at an advisor trade association.

Advisors hustled to hang onto clients last year: Fidelity
RIAS NOV 09, 2023
Advisors hustled to hang onto clients last year: Fidelity

'The conversation of the economy being in a recession has led to advisors not feeling stable for quite a while,' one executive says.

Advisors dig into the great commodity question
INDUSTRY NEWS NOV 09, 2023
Advisors dig into the great commodity question

'Investors interested in long-term exposure to a commodity may be better served investing in the equities of companies with exposure to the commodity,' one advisor says.

Bank of Hawaii broker-dealer firm announces pass-through partnership
BROKER DEALERS NOV 09, 2023
Bank of Hawaii broker-dealer firm announces pass-through partnership

Multiyear clearing arrangement described as a win for both firms and clients.

Older clients at high risk of cybercrimes, lost $3.1B in 2022 alone: Report
RETIREMENT PLANNING NOV 09, 2023
Older clients at high risk of cybercrimes, lost $3.1B in 2022 alone: Report

Lower levels of digital literacy among older Americans leave them vulnerable.

Fed pushes Morgan Stanley to tighten wealth management controls
WIREHOUSES NOV 09, 2023
Fed pushes Morgan Stanley to tighten wealth management controls

The regulator wants to ensure enough is being done to prevent money laundering by international clients.