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Eric Adams woes shouldn't shake investors, says NYC comptroller
FIXED INCOME OCT 01, 2024
Eric Adams woes shouldn't shake investors, says NYC comptroller

City's "strong discipline and governance" will prevail over mayor's indictment and related probes, bondholders told.

Mercer strengthens North Carolina presence with KWAG
RIAS OCT 01, 2024
Mercer strengthens North Carolina presence with KWAG

The deal for the $523M wealth firm deepens Mercer Global Advisors' professional pool with a 20-year veteran advisor team.

Broker-dealer fined $6.5M for alleged US Treasury market 'spoofing'
INDUSTRY NEWS OCT 01, 2024
Broker-dealer fined $6.5M for alleged US Treasury market 'spoofing'

Criminal charges are ongoing related to the allegations.

Firms, individuals charged with alleged $120M pre-IPO investment fraud
INDUSTRY NEWS OCT 01, 2024
Firms, individuals charged with alleged $120M pre-IPO investment fraud

SEC says investors were misled while defendants took millions of dollars in fees.

BlackRock's Fink says market is over-anticipating rate cuts
INDUSTRY NEWS OCT 01, 2024
BlackRock's Fink says market is over-anticipating rate cuts

Asset manager chief says there is too much focus on economic downsides.

Bitcoin facing headwinds as it slips below $65K
INDUSTRY NEWS OCT 01, 2024
Bitcoin facing headwinds as it slips below $65K

But the crypto enjoyed its best September increase for more than a decade.

Debt markets see strongest month in more than two decades
INDUSTRY NEWS OCT 01, 2024
Debt markets see strongest month in more than two decades

Corporate, government bonds surge as presidential election nears.

US shoppers set to boost holiday shopping by 7%
INDUSTRY NEWS OCT 01, 2024
US shoppers set to boost holiday shopping by 7%

But that doesn't mean all American households have rosy finances.

TSP to IRA rollovers have benefits, advisors say
RETIREMENT PLANNING SEP 30, 2024
TSP to IRA rollovers have benefits, advisors say

Despite the low costs in the Thrift Savings Plan, there are often more pros than cons to doing rollovers to IRAs, financial professionals tell InvestmentNews.

Wealth managers discuss their hiring needs
PRACTICE MANAGEMENT SEP 30, 2024
Wealth managers discuss their hiring needs

As the market awaits the release of the September jobs report, financial advisors weigh in on Wall Street's employment woes.

SEC charges ex-advisors for alleged cherry-picking
REGULATION AND LEGISLATION SEP 30, 2024
SEC charges ex-advisors for alleged cherry-picking

The two former advisors' years-long schemes reportedly generated more than $6.3M in illicit profits at their clients' expense.

SEC claims Missouri B-D, advisors, violated Reg BI in GWG bond sales
REGULATION AND LEGISLATION SEP 30, 2024
SEC claims Missouri B-D, advisors, violated Reg BI in GWG bond sales

Based in suburban St. Louis, Maloney Securities has 125 financial advisors on its platform.

Fed will adopt more neutral policy "over time," says Powell
INDUSTRY NEWS SEP 30, 2024
Fed will adopt more neutral policy "over time," says Powell

The central bank governor says policymakers are in no hurry to cut rates, indicating modest moves for its next two decisions.

RBC Wealth Management reveals divide and conquer strategy for Western US
INDUSTRY NEWS SEP 30, 2024
RBC Wealth Management reveals divide and conquer strategy for Western US

The firm is reorganizing its private client group divisions and promoting its Pacific Northwest leader in a bid to seize opportunities in the crucial wealth market.

Dynasty Financial snags $700M team from Equitable Advisors
RIAS SEP 30, 2024
Dynasty Financial snags $700M team from Equitable Advisors

The 14-professional team is making a break for independence through the tech-enabled independent advisor platform.

PE giant TPG takes strategic stake in Creative Planning
RIAS SEP 30, 2024
PE giant TPG takes strategic stake in Creative Planning

The global alts firm's minority investment will help fuel continued expansion at the RIA overseeing $375B in client assets.

RIA accelerator Elevation Point welcomes Dynasty's Caitlin Douglas to C-suite
RIAS SEP 30, 2024
RIA accelerator Elevation Point welcomes Dynasty's Caitlin Douglas to C-suite

The Minnesota-based firm's new COO comes with deep experience and a sterling reputation for supporting independent advisor transitions and growth efforts.

LPL taps T. Rowe Price alum as investment solutions head
BROKER DEALERS SEP 30, 2024
LPL taps T. Rowe Price alum as investment solutions head

The veteran with more than 25 years' experience will drive the firm's expansion into SMAs, alts strategies, and address advisors' need for low-cost access to crucial ETF strategies.

Altruist rolls out modern fixed-income trading tool for RIAs
RIAS SEP 30, 2024
Altruist rolls out modern fixed-income trading tool for RIAs

The platform, which features a real-time screening function, improved data transparency, and one-click trading, aims to address a longstanding portfolio pain point for advisors.

Equities or bonds: Where do investors see the best returns through to year-end?
INDUSTRY NEWS SEP 30, 2024
Equities or bonds: Where do investors see the best returns through to year-end?

And what do they expect the Fed to do with rates at its final two meetings?