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Oil price surge is bad news for EMs
INDUSTRY NEWS SEP 25, 2023
Oil price surge is bad news for EMs

The rise in prices may scupper outlooks of emerging market bulls.

What's happening in the gold markets right now?
INDUSTRY NEWS SEP 25, 2023
What's happening in the gold markets right now?

Unraveling of the relationship between gold and real interest rates could be a paradigm shift for the precious metal.

JPMorgan sees up to $150B inflows to India
INDUSTRY NEWS SEP 25, 2023
JPMorgan sees up to $150B inflows to India

India's fast-rising GDP among the attributes that make it so attractive.

Handcuffed by marketing inertia? 
FINTECH SEP 25, 2023
Handcuffed by marketing inertia? 

As the SEC marketing rule nears its first anniversary, most firms have yet to take advantage of the testimonials and endorsements it allows.

SEC exam sweep short but not sweet 
PRACTICE MANAGEMENT SEP 25, 2023
SEC exam sweep short but not sweet 

Instead of generating anxiety among advisors, sweep contains no hidden surprises, says compliance expert.

The puzzle posed by annuities
RETIREMENT PLANNING SEP 25, 2023
The puzzle posed by annuities

Perhaps the lack of demand among clients is a function of a lack of understanding of annuities among advisors.

XY Planning's smaller advisors envy larger firms’ marketing latitude
PRACTICE MANAGEMENT SEP 22, 2023
XY Planning's smaller advisors envy larger firms’ marketing latitude

'We see a lot of angst from advisors that are frustrated that the federal [SEC] firms get to' use client testimonials and reviews in advertising 'but they can’t do it in their state,' says XYPN co-founder Michael Kitces.

TIAA hires six new leaders for wealth management team
RETIREMENT PLANNING SEP 22, 2023
TIAA hires six new leaders for wealth management team

The executives, all of whom are joining from other firms, will complement TIAA's current staff 'to help clients prepare for retirement and reach their financial goals,' an executive says.

Climate Week's biggest news wasn't part of Climate Week
ESG SEP 22, 2023
Climate Week's biggest news wasn't part of Climate Week

Major regulations and legislation made headlines, and big asset managers faced protests over fossil fuels.

SEC penalizes small Wisconsin B-D $50,000 over Reg BI faults
REGULATION AND LEGISLATION SEP 22, 2023
SEC penalizes small Wisconsin B-D $50,000 over Reg BI faults

Carl M. Hennig Inc. has 10 registered reps and about $1.3 billion in client assets.

Wells Fargo names Tom Nides vice chairman
PRACTICE MANAGEMENT SEP 22, 2023
Wells Fargo names Tom Nides vice chairman

Nides, former U.S. ambassador to Israel, has moved back and forth between Washington and Wall Street for years, including two stints at Morgan Stanley.

JPMorgan Private Bank hires $2B high-net-worth advisor team from rival
ADVISOR MOVES SEP 22, 2023
JPMorgan Private Bank hires $2B high-net-worth advisor team from rival

Three advisors boost the firm's reach in the Pacific Northwest.

Home-flipping profits increased in the second quarter
INDUSTRY NEWS SEP 22, 2023
Home-flipping profits increased in the second quarter

But we are a long way from the peaks hit in 2021, and will the trend stick?

Hedge fund billionaire accused of hiding assets during divorce
INDUSTRY NEWS SEP 22, 2023
Hedge fund billionaire accused of hiding assets during divorce

Lawsuit alleges John Paulson used a sham home sale to gain $10M from family trust.

China may change foreign cap to entice global funds
INDUSTRY NEWS SEP 22, 2023
China may change foreign cap to entice global funds

Beijing is considering ways to boost trading on three key markets.

China's ultra-rich head home as tensions with US increase
INDUSTRY NEWS SEP 22, 2023
China's ultra-rich head home as tensions with US increase

Wealthy Gen Zs are mulling whether to stay in the West or return to Asia to build their wealth.

Altruist eliminates software fees for RIAs
FINTECH SEP 21, 2023
Altruist eliminates software fees for RIAs

Advisors who custody exclusively with Altruist will receive free software, while firms that work other custodians will get the first 100 accounts for free.

Political clock ticks as Labor readies next version of fiduciary rule
RETIREMENT PLANNING SEP 21, 2023
Political clock ticks as Labor readies next version of fiduciary rule

The measure is likely to make a rollover recommendation a fiduciary act. But if the agency doesn't complete the measure soon, it's vulnerable to being overturned by the next Congress and White House.

Former Merrill star manager Oden jumps to  HSBC
PRACTICE MANAGEMENT SEP 21, 2023
Former Merrill star manager Oden jumps to HSBC

But big banks can fall flat when it comes to building a home for financial advisors.

Securitized products offer safe alternatives to Treasuries, says Janus Henderson strategist
INDUSTRY NEWS SEP 21, 2023
Securitized products offer safe alternatives to Treasuries, says Janus Henderson strategist

Economy remains resilient despite interest-rate hikes, and mortgages are very cheap right now, says John Kerschner.