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Holiday spending set to fall in US, 27 other countries
INDUSTRY NEWS NOV 09, 2023
Holiday spending set to fall in US, 27 other countries

Cost-of-living budget squeeze is bad news for retail and hospitality sectors.

InvestmentNews Women to Watch winners work to make an impact
WOMEN ADVISOR COMMUNITY NOV 08, 2023
InvestmentNews Women to Watch winners work to make an impact

'There are so many people who pushed me when I needed a nudge and pulled me up when I needed a hand,' says Kay Lynn Mayhue.

Redefining wealth transfer: Strategies to reach clients’ children
OPINION NOV 08, 2023
Redefining wealth transfer: Strategies to reach clients’ children

With just 30% of Gen Z investors turning to financial planners for guidance, advisors must refine their approach to emphasize their relevance.

Women to Watch 2023 winners announced
WOMEN ADVISOR COMMUNITY NOV 08, 2023
Women to Watch 2023 winners announced

InvestmentNews honored the best in class at a ceremony in New York City.

5 reasons I love this profession
OPINION NOV 08, 2023
5 reasons I love this profession

What is so incredible about advising is that there is an endless stream of current information we must absorb and navigate.

Hightower adds $2.5B high-net-worth focused firm to its list of 2023 acquisitions
ADVISOR MOVES NOV 08, 2023
Hightower adds $2.5B high-net-worth focused firm to its list of 2023 acquisitions

The wealth manager has announced a strategic investment in the Florida RIA firm.

Gen Z is smashing the taboo of talking to their parents about money matters
INDUSTRY NEWS NOV 08, 2023
Gen Z is smashing the taboo of talking to their parents about money matters

Northwestern Mutual study finds young Americans are having financial talks earlier.

Stocks lower ahead of Fed Chair Powell's speech
INDUSTRY NEWS NOV 08, 2023
Stocks lower ahead of Fed Chair Powell's speech

Fed chair is set to speak at 9.15 a.m. ET, with other officials also scheduled.

Why BlackRock is staying overweight megacap tech stocks
INDUSTRY NEWS NOV 08, 2023
Why BlackRock is staying overweight megacap tech stocks

Asset manager has $100B tracking the biggest names in technology in its model portfolios.

ESG is now mainstream despite US skepticism, say investors
ESG NOV 08, 2023
ESG is now mainstream despite US skepticism, say investors

US investors pulled $2.7B from sustainable funds in Q3 but global peers are not deterred.

UBS is selling AT1 bonds with attractive yields
INDUSTRY NEWS NOV 08, 2023
UBS is selling AT1 bonds with attractive yields

The securities will boost the banking group's capital buffer and aims to restore confidence.

HSBC launching custody service for tokenized securities
INDUSTRY NEWS NOV 08, 2023
HSBC launching custody service for tokenized securities

It's the latest financial institution to eye a slice of the fast-growing digital assets safeguarding space.

To connect with clients, embrace the holiday season
OPINION NOV 07, 2023
To connect with clients, embrace the holiday season

Every party you attend or host and every gift delivered can move your brand forward, strengthening and building relationships.

Gensler says proposal on AI conflicts aligns with Reg BI 
FINTECH NOV 07, 2023
Gensler says proposal on AI conflicts aligns with Reg BI 

'We're not trying to change Reg BI or change the fiduciary guidance,' the SEC chair says at SIFMA's annual conference.

Clients win another GWG bond claim, this time against B-D
ALTERNATIVES NOV 07, 2023
Clients win another GWG bond claim, this time against B-D

"We don’t agree with the decision but, with Finra arbitration, there is no appeal," says William H. McCance, president of Ages Financial Services.

Osaic boosts cash flow in first half of 2023: Fitch
BROKER DEALERS NOV 07, 2023
Osaic boosts cash flow in first half of 2023: Fitch

The improvement demonstrates that the giant broker-dealer network, which many believe will seek to go public in the next few years, is moving its cash flow in the right direction.

$30 billion up for grabs as major bank dumps part of HNW portfolio
INDUSTRY NEWS NOV 07, 2023
$30 billion up for grabs as major bank dumps part of HNW portfolio

Who doesn’t want more clients? Well, this wealth management unit for one.

UBS wins back Credit Suisse clients
WIREHOUSES NOV 07, 2023
UBS wins back Credit Suisse clients

The bank saw stronger-than-expected client inflows of $22 billion in its wealth management business, including $3 billion at Credit Suisse's unit.

Abacus Life partners with Dynasty Financial Partners for new wealth division
LIFE INSURANCE AND ANNUITIES NOV 07, 2023
Abacus Life partners with Dynasty Financial Partners for new wealth division

The firm will offer clients comprehensive financial planning services.

Oil drops back below $80 despite supply cuts
INDUSTRY NEWS NOV 07, 2023
Oil drops back below $80 despite supply cuts

Global demand and interest rates are in focus as WTI falls more than 2%.