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Citi notches across-the-board gains with surprise trading triumph
INDUSTRY NEWS OCT 15, 2024
Citi notches across-the-board gains with surprise trading triumph

A record third-quarter performance by the firm's desk traders mark a step in the right direction for CEO Jane Fraser's turnaround plans.

$117B Kestra wins vote of confidence in new Stone Point deal
BROKER DEALERS OCT 15, 2024
$117B Kestra wins vote of confidence in new Stone Point deal

The independent broker-dealer is getting fresh fuel for its growth efforts as the leading PE player agrees to take a majority stake.

$4B RIA Journey grows further with double addition
RIAS OCT 15, 2024
$4B RIA Journey grows further with double addition

The firm is extending its growth ambitions with a new location in Colorado while welcoming a $750M Schwab advisor.

Carson expands Midwest footprint with $1B deal
RIAS OCT 15, 2024
Carson expands Midwest footprint with $1B deal

The second-largest acquisition in the wealth firm's history adds a 12-person Minnesota team.

Schwab shares jump as firm reveals earnings beat
INDUSTRY NEWS OCT 15, 2024
Schwab shares jump as firm reveals earnings beat

The online brokerage giant posted better-than-expected net income for the third quarter as it emerges from a historically challenging year.

Advisors step-up portfolio protection strategies amid client election jitters
INDUSTRY NEWS OCT 15, 2024
Advisors step-up portfolio protection strategies amid client election jitters

Nationwide survey reveals rising concerns among investors ahead of November 5.

Janney aims for slice of estimated $52B DAF market with new charitable fund
INDUSTRY NEWS OCT 15, 2024
Janney aims for slice of estimated $52B DAF market with new charitable fund

Firm launches new fund through collaboration to enhance philanthropic offer.

Bullish equities investors may be best to sell, BofA strategist says
INDUSTRY NEWS OCT 15, 2024
Bullish equities investors may be best to sell, BofA strategist says

Michael Hartnett says conditions indicate 'sell signal' on global stocks.

S&P 500 futures trading volume fall to rare low level
INDUSTRY NEWS OCT 15, 2024
S&P 500 futures trading volume fall to rare low level

Presidential election, earnings season making investors cautious.

Bitcoin investors weigh impact of US regulation, ETF inflows
INDUSTRY NEWS OCT 15, 2024
Bitcoin investors weigh impact of US regulation, ETF inflows

Leading crypto pauses from recent rally.

Gold traders consider rates, Middle East as bullion steadies
INDUSTRY NEWS OCT 15, 2024
Gold traders consider rates, Middle East as bullion steadies

Metal remains close to its all-time high.

Fidelity faces class action over August data hack
INDUSTRY NEWS OCT 14, 2024
Fidelity faces class action over August data hack

Two New York residents are seeking retribution for the retail investment titan's failure to prevent an incident that exposed tens of thousands of its users' sensitive data.

Raymond James, hit by two hurricanes, gives assistance to workers
INDUSTRY NEWS OCT 14, 2024
Raymond James, hit by two hurricanes, gives assistance to workers

The company has raised funds in both its Friends of Raymond James nonprofit and for community support, following Hurricanes Helene and Milton.

Nuveen taps industry veteran Moshe Bajnon in private wealth push
ALTERNATIVES OCT 14, 2024
Nuveen taps industry veteran Moshe Bajnon in private wealth push

The asset management giant is looking to solidify its relationships with wealth platforms, broker-dealers and RIAs through a newly created global leadership role.

A fresh look at high-net-worth spending and saving
INDUSTRY NEWS OCT 14, 2024
A fresh look at high-net-worth spending and saving

Survey of younger HNWIs offers insights on spending habits, income sources, and the pursuit of financial independence.

Indiana-based hybrid Thurston Springer inks acquisition deal
INDUSTRY NEWS OCT 14, 2024
Indiana-based hybrid Thurston Springer inks acquisition deal

The firm's definitive agreement to snap up a financial services firm and its subsidiaries will add 120 financial advisors to its network.

Stifel’s star Miami broker in structured note cases misled via text, attorney claims
INDUSTRY NEWS OCT 14, 2024
Stifel’s star Miami broker in structured note cases misled via text, attorney claims

“How can a firm supervise a broker when he’s got numerous text communications that have no visibility?” Jeff Erez asked.

Female CEOs have flipped the script on the gender pay gap
INDUSTRY NEWS OCT 14, 2024
Female CEOs have flipped the script on the gender pay gap

Conference Board analysis finds female chief executives at public firms have passed their male counterparts, but still lag in other ways.

B. Riley confirms Oaktree deal for Great American Group
INDUSTRY NEWS OCT 14, 2024
B. Riley confirms Oaktree deal for Great American Group

The embattled financial services giant's agreement with the $193B alts giant marks a crucial step in its ongoing debt struggles.

BNY declares Q3 profit beat as investment fees reach $2.34B
INDUSTRY NEWS OCT 14, 2024
BNY declares Q3 profit beat as investment fees reach $2.34B

The oldest American bank has benefited from a surge in asset values that's seen the S&P 500 rise 20 percent year-to-date.