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Morgan Stanley cuts China forecast amid weaker investment
INDUSTRY NEWS AUG 17, 2023
Morgan Stanley cuts China forecast amid weaker investment

Wall Street firm says Chinese economy will lag into 2024.

Massachusetts tax could hit one-off millionaires but advisors keep levy in perspective
RETIREMENT PLANNING AUG 16, 2023
Massachusetts tax could hit one-off millionaires but advisors keep levy in perspective

'Most voters didn't realize the millionaires tax included one-time sudden windfalls like the sale of a home,' one advisor says.

Giant RIA AlTi Global shoots to boost cash-flow margin
RIAS AUG 16, 2023
Giant RIA AlTi Global shoots to boost cash-flow margin

'The streamlining of the business is very critical,' says CEO Mike Tiedemann.

July was strongest month on record for advisor M&A, Fidelity reports
RIAS AUG 16, 2023
July was strongest month on record for advisor M&A, Fidelity reports

The number of deals increased 46% year-over-year, while the amount of assets grew 32%.

It's time to start looking at private real estate again
OPINION AUG 16, 2023
It's time to start looking at private real estate again

While the current market appears uncertain and complex, the intricacies of real estate investing do not necessarily spell trouble.

Can shareholders save the horseshoe crab?
OPINION AUG 16, 2023
Can shareholders save the horseshoe crab?

Efforts to stop the decline in horseshoe crabs show how investors can work with corporations on sustainability issues.

Entries are now open for IN’s hottest issue
INDUSTRY NEWS AUG 16, 2023
Entries are now open for IN’s hottest issue

INW launches its inaugural search for the industry’s “hottest” professionals.

Kestra Financial continues strong growth as 23 professionals add $1.3B AUM
INDUSTRY NEWS AUG 16, 2023
Kestra Financial continues strong growth as 23 professionals add $1.3B AUM

The second-quarter additions follow the 26 who joined the platform in Q1.

Madison Investments launches its first ETF with more to come in weeks
INDUSTRY NEWS AUG 16, 2023
Madison Investments launches its first ETF with more to come in weeks

Independently owned Wisconsin firm says launch is a natural extension of its investment strategies.

New Jersey $270M team sets up new wealth firm with LPL
INDUSTRY NEWS AUG 16, 2023
New Jersey $270M team sets up new wealth firm with LPL

The three advisors have left Merrill Lynch to form their independent firm.

Fed minutes to reveal preference for tightening
INDUSTRY NEWS AUG 16, 2023
Fed minutes to reveal preference for tightening

Few of the FOMC members were in favor of holding rates into 2024.

BlackRock among holders of embattled China bonds
INDUSTRY NEWS AUG 16, 2023
BlackRock among holders of embattled China bonds

Investors fear a missed payment, so which other firms are exposed?

Hedge fund says US hard landing and sell-off frenzy ahead
ALTERNATIVES AUG 16, 2023
Hedge fund says US hard landing and sell-off frenzy ahead

Vantage Point Asset Management says people will be panicking.

Apollo impact investing co-head Marc Becker dies aged 51
INDUSTRY NEWS AUG 16, 2023
Apollo impact investing co-head Marc Becker dies aged 51

The private equity firm executive was battling cancer.

SPAC to Nasdaq: deal hands auto tycoon $39B overnight
INDUSTRY NEWS AUG 16, 2023
SPAC to Nasdaq: deal hands auto tycoon $39B overnight

But could vulnerability to market swings wipe out fortune just as fast?

Advisors urge Congress to weigh debt reduction against SALT deduction
REGULATION AND LEGISLATION AUG 15, 2023
Advisors urge Congress to weigh debt reduction against SALT deduction

'As much as I might want to see some relief for my clients and myself, there should be a balance between revenue and expenses in the federal budget,' one advisor says.

Back-to-school season has advisors talking tuition strategies
INDUSTRY NEWS AUG 15, 2023
Back-to-school season has advisors talking tuition strategies

Advisors reveal how they teach parent clients a lesson or two about tax-efficient ways to pay tuition bills.

Signature RIA set to open broker-dealer
RIAS AUG 15, 2023
Signature RIA set to open broker-dealer

The new broker-dealer expects to transition up to 30 financial advisors who are currently registered with Osaic.

SEC hits ESG funds with subpoenas
ESG AUG 15, 2023
SEC hits ESG funds with subpoenas

Authorities get tough over green claims.

DC plan sponsors taking more responsibility for employees' retirement income
RETIREMENT PLANNING AUG 15, 2023
DC plan sponsors taking more responsibility for employees' retirement income

J.P. Morgan Asset Management survey reveals greater role of employers in workers' financial well-being.