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Big banks face enhanced regulations on redlining
INDUSTRY NEWS OCT 25, 2023
Big banks face enhanced regulations on redlining

The updated rules include online and mobile banking services.

Money market traders signal China stimulus is not enough
INDUSTRY NEWS OCT 25, 2023
Money market traders signal China stimulus is not enough

More cash will be required to boost liquidity in the economy’s lending market.

From $42B to less than $1B: How Asia’s once richest man lost it all
INDUSTRY NEWS OCT 25, 2023
From $42B to less than $1B: How Asia’s once richest man lost it all

Evergrande’s Hui Ka Yan has lost most of his fortune and his freedom.

No jerks and lots of capital: M&A tips at Schwab Impact
RIAS OCT 24, 2023
No jerks and lots of capital: M&A tips at Schwab Impact

'It takes a lot of capital to do this,' Captrust's Rush Benton said in Philadelphia Tuesday.

An unexpected place to find life’s fulfillment: Talking to an advisor
OPINION OCT 24, 2023
An unexpected place to find life’s fulfillment: Talking to an advisor

People who work with an advisor have significantly higher levels of confidence across a range of areas, and those areas extend beyond the financial realm.

Wall Street outlook sours for global economy
INDUSTRY NEWS OCT 24, 2023
Wall Street outlook sours for global economy

Top bankers are concerned about several headwinds.

Kaufman Hall acquires $1B RIA firm in Tennessee
RIAS OCT 24, 2023
Kaufman Hall acquires $1B RIA firm in Tennessee

The firm provides investment management services to institutions.

Modern Wealth Management acquires father-son business in fifth deal
INDUSTRY NEWS OCT 24, 2023
Modern Wealth Management acquires father-son business in fifth deal

The deal adds tax strategy and preparation team to the national RIA firm.

Envestnet sets up RIA for new embedded investment solution for financial institutions  
INDUSTRY NEWS OCT 24, 2023
Envestnet sets up RIA for new embedded investment solution for financial institutions  

New platform aims to help banks fight back against disruptive digital investment platforms.

Wall Street outlook on global economy sours
INDUSTRY NEWS OCT 24, 2023
Wall Street outlook on global economy sours

Top bankers are concerned about several headwinds.

Bonds rebound, equity traders await tech earnings
INDUSTRY NEWS OCT 24, 2023
Bonds rebound, equity traders await tech earnings

It’s a bus week for US and global data, major earnings reports.

Bitcoin at $35,000 as investors keep ETF dream alive
INDUSTRY NEWS OCT 24, 2023
Bitcoin at $35,000 as investors keep ETF dream alive

It’s the highest point for the cryptocurrency since May 2022.

State Street CEO says 10-year yields should top out at 5%
INDUSTRY NEWS OCT 24, 2023
State Street CEO says 10-year yields should top out at 5%

Ron O’Hanley says we have probably seen yields at their peak.

Federal auto-IRA would crowd out private-sector plans, critics say
RETIREMENT PLANNING OCT 23, 2023
Federal auto-IRA would crowd out private-sector plans, critics say

'Why would any business owner maintain a retirement plan if the federal government is going to take over all the costs and responsibility of providing retirement benefits?' says the CEO of a trade group representing plan sponsors.

Focus Financial announces retirement of founder Rudy Adolf
RETIREMENT PLANNING OCT 23, 2023
Focus Financial announces retirement of founder Rudy Adolf

Dan Glaser, the chairman of the company's board, has been appointed interim CEO, effective immediately.

How social media powered millennial-focused practice
RIAS OCT 23, 2023
How social media powered millennial-focused practice

Thomas Kopelman believes in the power of social media to allow advisors to connect with clients genuinely seeking financial guidance.

What next after summer sale?  
RIAS OCT 23, 2023
What next after summer sale?  

Insiders say Goldman’s new strategy is less a retreat from the RIA marketplace than a realignment.

‘Murky disparity’ stalls progress  
BROKER DEALERS OCT 23, 2023
‘Murky disparity’ stalls progress  

Recent claims of pay discrimination, retaliation and sexual harassment have served as a painful reminder that progress for women in the financial advice industry is not a straight line.

Bob Oros brews up growth at Hightower
INDUSTRY NEWS OCT 23, 2023
Bob Oros brews up growth at Hightower

From scaling the executive ranks to the craft brewery business, CEO keeps his ‘eternal focus’ on one thing – the customer.

How to unravel complicated 2023 RMD rules 
RETIREMENT PLANNING OCT 23, 2023
How to unravel complicated 2023 RMD rules 

It’s no simple task to determine which clients are subject to required minimum distributions this year, and which aren’t.