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CFTC charges firms, individuals with alleged $3.6M commodity investment scam
INDUSTRY NEWS SEP 30, 2024
CFTC charges firms, individuals with alleged $3.6M commodity investment scam

At least 32 people are said to have been impacted.

Goldman sees potential rotation to low-profit stocks if jobs gain
INDUSTRY NEWS SEP 30, 2024
Goldman sees potential rotation to low-profit stocks if jobs gain

A strong labor market report could see investors pivot.

Why currency traders are holding back on the greenback
INDUSTRY NEWS SEP 30, 2024
Why currency traders are holding back on the greenback

US dollar on the sidelines ahead of the election.

Oil gains but remains weak so far this year
INDUSTRY NEWS SEP 30, 2024
Oil gains but remains weak so far this year

Geopolitics in focus despite expected increase in output.

Food prices are rising as bad weather hits crops
INDUSTRY NEWS SEP 30, 2024
Food prices are rising as bad weather hits crops

Staples are being impacted by compromised crop harvests.

ESG bonds an additional arrow in advisor quiver, says Nuveen strategist
FIXED INCOME SEP 27, 2024
ESG bonds an additional arrow in advisor quiver, says Nuveen strategist

ESG stocks may get all the attention, but ESG and impact bonds provide another alternative for client portfolios.

Sales of alternative investments climbing in 2024
ALTERNATIVES SEP 27, 2024
Sales of alternative investments climbing in 2024

Through August, financial advisors had sold $76.6 billion of illiquid alternative investments, according to Robert A. Stanger & Co. Inc.

Advisor misled clients on fees in Thrift Savings Plan rollovers, SEC says
REGULATION AND LEGISLATION SEP 27, 2024
Advisor misled clients on fees in Thrift Savings Plan rollovers, SEC says

A firm and its owner agreed to a settlement with the SEC over alleged misstatements to customers and a lack of procedures to ensure compliance.

Building trust has been key to exponential growth
PRACTICE MANAGEMENT SEP 27, 2024
Building trust has been key to exponential growth

Commitment to transparency, which was vital during the financial crisis, has propelled firm’s success.

Fiduciary duty informs everything we do, says retirement specialist
PRACTICE MANAGEMENT SEP 27, 2024
Fiduciary duty informs everything we do, says retirement specialist

Advisor's process is designed to ensure everything from due diligence to fiduciary liability insurance is properly in place.

Wealth tech firm RISR strikes partnership with GVA
RIAS SEP 27, 2024
Wealth tech firm RISR strikes partnership with GVA

The fintech startup will help advisors at the $9B RIA achieve organic growth with enhanced services to business owner clients.

Will the Fed hit 2 percent inflation target in early 2025?
INDUSTRY NEWS SEP 27, 2024
Will the Fed hit 2 percent inflation target in early 2025?

A poll of economists and policymakers also projects another half percentage point of rate cuts by the end of this year.

Merrill adds advisors managing over $1.5B in client assets
WIREHOUSES SEP 27, 2024
Merrill adds advisors managing over $1.5B in client assets

The firm's latest string of hires from Morgan Stanley and Wells Fargo, expand its profile in the California and Miami markets.

Wells Fargo scoops $2B team from JPMorgan
WIREHOUSES SEP 27, 2024
Wells Fargo scoops $2B team from JPMorgan

The six-advisor team led by two brothers widens Wells Fargo Advisors' high-net-worth Private Client Group in New York City.

Influencers, crypto, and warnings from Finra's advertising conference
REGULATION AND LEGISLATION SEP 27, 2024
Influencers, crypto, and warnings from Finra's advertising conference

Panelists go over the challenges in hiring social media influencers and communicating about complex products.

RIA firm to pay $500K penalty to settle SEC charges over alleged whistleblower curbs
INDUSTRY NEWS SEP 27, 2024
RIA firm to pay $500K penalty to settle SEC charges over alleged whistleblower curbs

The firm was accused of restricting the ability of potential hires to report wrongdoing.

Homrich Berg eyes further expansion as $18B firm gains new investment
INDUSTRY NEWS SEP 27, 2024
Homrich Berg eyes further expansion as $18B firm gains new investment

A new minority partner will help firm continue its growing footprint.

Stock rally on hold ahead of key US economic data
INDUSTRY NEWS SEP 27, 2024
Stock rally on hold ahead of key US economic data

Markets await PCE report Friday.

Bitcoin headed for one of its best Septembers ever
INDUSTRY NEWS SEP 27, 2024
Bitcoin headed for one of its best Septembers ever

The crypto is set to buck a seasonal jinx.

It's been a bad week for oil, deep weekly loss expected
INDUSTRY NEWS SEP 27, 2024
It's been a bad week for oil, deep weekly loss expected

Prices have dropped sharply in two sessions on likely supply hikes.