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Vanguard culling its legacy mutual fund account system by end of 2025
MUTUAL FUNDS OCT 25, 2024
Vanguard culling its legacy mutual fund account system by end of 2025

If a legacy transfer agent system falls in the forest, and no one is around to hear it, does it make a sound?

The secret to a successful firm? Invest in company culture
RIAS OCT 25, 2024
The secret to a successful firm? Invest in company culture

Halbert Hargrove executives shine a spotlight on their strategies, from market resilience and diversification to culture and advisor development.

US government's deafening silence on deficits drives unease among investment pros
INDUSTRY NEWS OCT 25, 2024
US government's deafening silence on deficits drives unease among investment pros

CFA Institute survey finds majority concerned about debt sustainability, highlights risks of the dollar compromising its status as a global reserve currency.

Guggenheim founder Mark Walter hits $12B net worth on Dodgers' rising stock
ALTERNATIVES OCT 25, 2024
Guggenheim founder Mark Walter hits $12B net worth on Dodgers' rising stock

The 64-year-old's trailblazing 2012 investment has paid off handsomely as the LA-based squad squares off against the Yankees in the World Series.

Apollon extends Northeast presence with CIC Wealth deal
RIAS OCT 25, 2024
Apollon extends Northeast presence with CIC Wealth deal

The addition of a seasoned advisor team with more than 55 years of combined experience marks the firm's strategic expansion into the Maryland and DC markets.

Raymond James swipes another billion-dollar advisor from Merrill
BROKER DEALERS OCT 25, 2024
Raymond James swipes another billion-dollar advisor from Merrill

The latest addition to the firm's employee advisor arm in Fort Worth, Texas comes with roughly four decades of experience.

How much does it cost to go RIA?
PRACTICE MANAGEMENT OCT 25, 2024
How much does it cost to go RIA?

From office space to legal fees and tech stacks, advisors highlight the initial costs of starting their firms.

Pick to chair Morgan Stanley as Gorman retires from the board
INDUSTRY NEWS OCT 25, 2024
Pick to chair Morgan Stanley as Gorman retires from the board

Wall Street firm's chair-elect was anticipated to eventually take the role.

Investors' bullish, bearish sentiment returning to historical averages
INDUSTRY NEWS OCT 25, 2024
Investors' bullish, bearish sentiment returning to historical averages

Survey also reveals the current most important elements of earnings reports.

Metaverse hype may have dulled, but Finra says it may put broker-dealers at risk
INDUSTRY NEWS OCT 25, 2024
Metaverse hype may have dulled, but Finra says it may put broker-dealers at risk

Report reveals regulator's research into metaverse usage in financial institutions.

Equity investors face tests in 'coin toss' moments
INDUSTRY NEWS OCT 25, 2024
Equity investors face tests in 'coin toss' moments

Markets are cooling but no signals of bigger correction.

Meta, Google, TikTok facing school district lawsuits
INDUSTRY NEWS OCT 25, 2024
Meta, Google, TikTok facing school district lawsuits

Big tech firms stand accused of damaging students' mental health.

Cat bond investors avoided major losses from Milton
INDUSTRY NEWS OCT 25, 2024
Cat bond investors avoided major losses from Milton

Returns could still be as high as 12%.

How advisors can fuel growth with client communication
OPINION OCT 24, 2024
How advisors can fuel growth with client communication

Having a well-defined marketing plan can help focus their strategies and tactics – but that's just the start.

Citi looks to boost wealth arm with better lures for advisors
WIREHOUSES OCT 24, 2024
Citi looks to boost wealth arm with better lures for advisors

The Wall Street giant is reportedly sweetening its recruitment packages for top-gun professionals as it continues to navigate a yearslong compliance cleanup.

Advisor suspended, fined for pushing elderly clients into high-risk GPB private placements
ALTERNATIVES OCT 24, 2024
Advisor suspended, fined for pushing elderly clients into high-risk GPB private placements

Recommendations of more than $800k in limited partnerships led to unsuitably large concentrations of alts in their portfolios, Finra finds.

At Boeing, pension plan is up in the air, and 401(k) is grounded
RETIREMENT PLANNING OCT 24, 2024
At Boeing, pension plan is up in the air, and 401(k) is grounded

Union machinists reject an offer from the company that included a 35 percent pay increase and up to a 12 percent annual contribution from the company toward workers' 401(k)s.

Amid ESG backlash, responsible investors are holding on to their commitments
ESG OCT 24, 2024
Amid ESG backlash, responsible investors are holding on to their commitments

While one-fifth of asset managers have dropped the ESG label, more than half still believe the data has value in mitigating risks and boosting returns.

Dynasty Financial firm Americana Partners gets backing from Lovell Minnick Partners
RIAS OCT 24, 2024
Dynasty Financial firm Americana Partners gets backing from Lovell Minnick Partners

The $8.5B AUM ultra-high-net-worth firm is looking to its next phase of growth fueled by a strategic private equity investment.

LPL lands $800M advisor group from Osaic
BROKER DEALERS OCT 24, 2024
LPL lands $800M advisor group from Osaic

The independent broker-dealer's newest affiliate team offers planning and wealth management services to executives, engineers and medical practitioners.