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Want to invest in part of a luxury auto? There's a new platform for that
INDUSTRY NEWS SEP 05, 2023
Want to invest in part of a luxury auto? There's a new platform for that

Investors can now own a piece of rare, luxury, investment-grade vehicles.

Focus Financial Partners eyes new growth as $7B take-private completes
RIAS SEP 05, 2023
Focus Financial Partners eyes new growth as $7B take-private completes

The firm has been acquired by Clayton Dubilier & Rice and Stone Point Capital affiliated funds.

Hold tight! Financial services set to grow to $37.5 trillion by 2027
INDUSTRY NEWS SEP 05, 2023
Hold tight! Financial services set to grow to $37.5 trillion by 2027

Substantial global growth of 7.5% CAGR is anticipated in a new report.

Goldman slashes US recession risk amid positive data
INDUSTRY NEWS SEP 05, 2023
Goldman slashes US recession risk amid positive data

Wall Street bank believes Fed may now pause rates.

Global banks lagging on climate change action, report warns
INDUSTRY NEWS SEP 05, 2023
Global banks lagging on climate change action, report warns

The industry is too opaque in its disclosures, leaving investors guessing.

Asset managers struggle without ESG registration
INDUSTRY NEWS SEP 05, 2023
Asset managers struggle without ESG registration

Firms trying to sell in the EU are finding it hard without credentials.

Hedge funds, private equity sue SEC over fee disclosure rule
ALTERNATIVES SEP 01, 2023
Hedge funds, private equity sue SEC over fee disclosure rule

Trade groups argue the SEC went too far when it rolled out rules mandating disclosures and barring firms from doing sweetheart deals with some investors.

One step forward, one step back for use of crypto in retirement accounts
RETIREMENT PLANNING SEP 01, 2023
One step forward, one step back for use of crypto in retirement accounts

'Crypto is on a journey from a niche asset class to a mainstream asset class,' says an advisor.

Finra fines, censures New Jersey broker-dealer for violating Reg BI
PRACTICE MANAGEMENT SEP 01, 2023
Finra fines, censures New Jersey broker-dealer for violating Reg BI

Network 1 Financial Securities did not have a written system to identify and flag excessive trading, resulting in $533,500 in commissions for the firm, regulator says.

Federated Hermes sued over using own funds in its 401(k)
RETIREMENT PLANNING SEP 01, 2023
Federated Hermes sued over using own funds in its 401(k)

The company filled its retirement plan menu entirely with its own funds, some of which underperformed and had high fees, a plaintiff alleges.

Another key executive to leave Goldman asset and wealth group?
PRACTICE MANAGEMENT SEP 01, 2023
Another key executive to leave Goldman asset and wealth group?

The New York Post report comes after a string of executives have left the group in recent months.

US house prices gain after 2 months, affordability weakest since 1984
INDUSTRY NEWS SEP 01, 2023
US house prices gain after 2 months, affordability weakest since 1984

Buying a home is becoming an increasingly elusive part of the American Dream.

Business leaders show growing optimism in US economy
INDUSTRY NEWS SEP 01, 2023
Business leaders show growing optimism in US economy

The share of executives calling for recession by year-end has also dropped sharply.

Stocks gain ahead of US jobs report
EQUITIES SEP 01, 2023
Stocks gain ahead of US jobs report

Markets await signal for economy and likely Fed direction.

Bitcoin ETF approval will spark a battle for lowest fees
ALTERNATIVES SEP 01, 2023
Bitcoin ETF approval will spark a battle for lowest fees

With the products looking similar, fees will be the difference.

Apollo Global positions for family office push
INDUSTRY NEWS SEP 01, 2023
Apollo Global positions for family office push

The firm has hired a BlackRock veteran to spearhead the advance.

Barclays directly targets private credit funds
INDUSTRY NEWS SEP 01, 2023
Barclays directly targets private credit funds

The bank has set aside cash to fund corporate debt purchase.

What proxy votes show about how dead ESG is
OPINION AUG 31, 2023
What proxy votes show about how dead ESG is

Support is down among big fund companies, but they haven't really changed their stances, and they're far from leading on sustainability issues.

SEC defers decision on Invesco, WisdomTree bitcoin ETFs
ALTERNATIVES AUG 31, 2023
SEC defers decision on Invesco, WisdomTree bitcoin ETFs

The latest delay came as a disappointment after Grayscale won a court ruling this week overturning the SEC's rejection of its application to convert its bitcoin trust into an ETF.

Sorry, Fed Chair Powell, financial advisors watch their own economic indicators
INDUSTRY NEWS AUG 31, 2023
Sorry, Fed Chair Powell, financial advisors watch their own economic indicators

Advisors rely on signposts including the volume of calls they're getting from worried clients and how full the parking lot is at the mall.