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Will Musk's robotaxi ignite Tesla stock?
INDUSTRY NEWS OCT 11, 2024
Will Musk's robotaxi ignite Tesla stock?

Production of the new Cybercab expected to start in 2026.

Time to get on the China ETF train? Advisors speak up
EQUITIES OCT 10, 2024
Time to get on the China ETF train? Advisors speak up

Chinese stocks have been flying for the past month. Should US wealth managers go along for the ride?

Gen X clients: what advisors need to know
OPINION OCT 10, 2024
Gen X clients: what advisors need to know

From the complexity of today's investment environment to lingering caution instilled by the 2008 Financial Crisis, the in-between generation is facing down a spectrum of increasingly urgent concerns.

Fidelity reports data breach exposing 77,000 customers' personal data
INDUSTRY NEWS OCT 10, 2024
Fidelity reports data breach exposing 77,000 customers' personal data

The investment giant said Social Security numbers, driver's licenses, and other sensitive information was compromised by a third party using newly established accounts.

Another ex-Edelman advisor joins Baird in Virginia
RIAS OCT 10, 2024
Another ex-Edelman advisor joins Baird in Virginia

The employee-owned hybrid firm's latest hire in Fairfax reportedly managed $285M at his previous firm.

Milton adds to climate-change worries for retirees
RETIREMENT PLANNING OCT 10, 2024
Milton adds to climate-change worries for retirees

The hurricane is the latest severe-weather event in a retirement destination, underscoring the concerns about climate change that clients bring up, financial planners say.

$26B RIA EP Wealth strikes private market alliance with Opto Investments
RIAS OCT 10, 2024
$26B RIA EP Wealth strikes private market alliance with Opto Investments

The tech-driven alts platform will provide support to advisors seeking customized portfolio access for their high-net-worth clients.

Advisors' economic optimism slips as pivotal election nears
RIAS OCT 10, 2024
Advisors' economic optimism slips as pivotal election nears

Growing uncertainty and short-term volatility are weighing on RIAs, with nearly half seeing at least some likelihood of recession.

Tech-centric RIA Farther gets $72M vote of confidence in latest funding round
RIAS OCT 10, 2024
Tech-centric RIA Farther gets $72M vote of confidence in latest funding round

The $5B firm's latest financial infusion from Alphabet subsidiary CapitalG and other investors will fuel its continued expansion efforts.

Borrowing from 401(k) loans is actually okay, study finds
RETIREMENT PLANNING OCT 10, 2024
Borrowing from 401(k) loans is actually okay, study finds

Saving behavior tends to follow a steady path over time, says co-author of study

$300M Osaic advisor team comes home to Equitable
RIAS OCT 10, 2024
$300M Osaic advisor team comes home to Equitable

The women-led group of advisors with more than 60 years of combined experience are rejoining the firm's supported independence platform in Hawaii.

A second stint for Gallagher at SEC gets crypto world's attention
REGULATION AND LEGISLATION OCT 10, 2024
A second stint for Gallagher at SEC gets crypto world's attention

The former SEC commissioner Daniel Gallagher, now chief legal officer at Robinhood, could be a leading contender to lead the agency if Trump regains the White House.

September inflation surprise amps up uncertainty on Fed cuts
INDUSTRY NEWS OCT 10, 2024
September inflation surprise amps up uncertainty on Fed cuts

Larger-than-forecast CPI print complicates the next steps on policymakers' path to price stability.

TD faces $3 billion fine, growth restriction to settle US probes
INDUSTRY NEWS OCT 10, 2024
TD faces $3 billion fine, growth restriction to settle US probes

WSJ reports the Canadian bank will plead guilty on Thursday.

Northern Trust hires Gottesman, Urick to bolster wealth management sales
INDUSTRY NEWS OCT 10, 2024
Northern Trust hires Gottesman, Urick to bolster wealth management sales

New strategic hires announced for wealth management team.

SEC charges firms, individuals with alleged market making crypto fraud
INDUSTRY NEWS OCT 10, 2024
SEC charges firms, individuals with alleged market making crypto fraud

Retail investors were targeted by unregistered securities offer, SEC alleges.

Cautious investors hold back on equities ahead of US data
INDUSTRY NEWS OCT 10, 2024
Cautious investors hold back on equities ahead of US data

Inflation report due Thursday will provide signal for Fed cuts.

Why another jumbo Fed cut is unlikely, minutes suggest
INDUSTRY NEWS OCT 10, 2024
Why another jumbo Fed cut is unlikely, minutes suggest

Many of the FOMC members wanted a smoother path to cuts.

Significant share of tradition hedge funds now hold crypto
INDUSTRY NEWS OCT 10, 2024
Significant share of tradition hedge funds now hold crypto

Better regulatory clarity is helping to drive adoption.

Should you take Social Security retroactive lump sum payments?
OCT 10, 2024
Should you take Social Security retroactive lump sum payments?

Filing for a Social Security retroactive lump sum can be tempting – but there are a few caveats. Find out if this retirement strategy is for you