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Could will-writing help close the racial wealth gap?
INDUSTRY NEWS NOV 13, 2024
Could will-writing help close the racial wealth gap?

New research hints at the generational wealth-building benefits of writing wills for Black households that have historically lagged their White counterparts.

RIA consolidators are gobbling up market share: Cerulli
RIAS NOV 13, 2024
RIA consolidators are gobbling up market share: Cerulli

“The variety of consolidators drives competition, but it can make the market confusing,” one recruiter said.

Trump tariffs to spur inflation and slow growth, warns JPMorgan's Kelly
INDUSTRY NEWS NOV 13, 2024
Trump tariffs to spur inflation and slow growth, warns JPMorgan's Kelly

Wall Street strategist argues aggressive tariff moves will create a "stagflation elixir" from countries exchanging economic blows.

Stigma a distant memory, securitized bonds are now an advisor's best friend
FIXED INCOME NOV 13, 2024
Stigma a distant memory, securitized bonds are now an advisor's best friend

Up from the ashes of the great financial crisis, securitized bonds are being added to more client portfolios.

Wedbush taps B. Riley alum as Northeast market manager
BROKER DEALERS NOV 13, 2024
Wedbush taps B. Riley alum as Northeast market manager

The firm's newly appointed regional leader, part of its latest addition in Philadelphia, will spearhead its expansion in the East Coast.

December rate cut calls build following in-line inflation data
FIXED INCOME NOV 13, 2024
December rate cut calls build following in-line inflation data

CPI data from October revived bond traders' hopes that the Fed can keep leaning dovish in its final interest rate decision of the year.

RBC lures $330M advisor from Kestra
WIREHOUSES NOV 13, 2024
RBC lures $330M advisor from Kestra

The Canadian bank-owned wealth giant is strengthening its presence in Virginia as it welcomes the 23-year veteran to its network.

Steward Partners builds Georgia-Florida hybrid team with former First Republic advisors
RIAS NOV 13, 2024
Steward Partners builds Georgia-Florida hybrid team with former First Republic advisors

The $38 billion RIA giant has formed a multigenerational planning team managing $377 million, with a new location in Palm Beach Gardens.

LPL swipes $540M advisor duo from US bank
BROKER DEALERS NOV 13, 2024
LPL swipes $540M advisor duo from US bank

The broker-dealer giant's latest breakaway additions in San Diego, California are joining an existing team while opening a new office location.

Financial services revenues could see 52% boost from AI adoption, report finds
INDUSTRY NEWS NOV 13, 2024
Financial services revenues could see 52% boost from AI adoption, report finds

Advisors and other client-facing teams gaining from technological transformation.

Wirehouse expands family office platform as client needs evolve
INDUSTRY NEWS NOV 13, 2024
Wirehouse expands family office platform as client needs evolve

Which wirehouse firm has enhanced its family office solution?

US CPI awaited; it may mean a Fed pause
INDUSTRY NEWS NOV 13, 2024
US CPI awaited; it may mean a Fed pause

Forecasters' expectations could slow rate cuts.

Templeton, JPMorgan, T. Rowe all see Treasuries at 5%
INDUSTRY NEWS NOV 13, 2024
Templeton, JPMorgan, T. Rowe all see Treasuries at 5%

10-year US government bond yields set to rise amid debt expectation.

Jerome Powell critic Elizabeth Warren set for banking committee role
INDUSTRY NEWS NOV 13, 2024
Jerome Powell critic Elizabeth Warren set for banking committee role

Senator believed to be in line to be the top Democrat on the panel.

Klarna register with SEC as IPO approaches
INDUSTRY NEWS NOV 13, 2024
Klarna register with SEC as IPO approaches

Payments firm could be valued at $15 billion.

What happens to a remarried widow’s Social Security benefits?
NOV 13, 2024
What happens to a remarried widow’s Social Security benefits?

Remarried widows can continue collecting Social Security survivor benefits, but certain rules apply. Learn more about the SSA's requirements in this guide

Fed survey reveals slight dip in consumers' inflation expectations
INDUSTRY NEWS NOV 12, 2024
Fed survey reveals slight dip in consumers' inflation expectations

The cooler outlook on prices coupled with greater confidence in the job market gives the central bank some comfort room as it mulls future rate cuts.

Carson Group founder changes his name to Omani
INDUSTRY NEWS NOV 12, 2024
Carson Group founder changes his name to Omani

The chairman and former CEO of Carson Group said he will gently remind people to call him Omani if they refer to him as Ron.

Stifel loses another big arbitration lawsuit involving star Miami broker
BROKER DEALERS NOV 12, 2024
Stifel loses another big arbitration lawsuit involving star Miami broker

“Stifel Financial made no offer to settle,” the client's attorney said.

Deanna Strable to lead Principal as next president and CEO
RETIREMENT PLANNING NOV 12, 2024
Deanna Strable to lead Principal as next president and CEO

Strable will be the first woman to hold the role at the $20 billion recordkeeping giant, following Dan Houston's decade-long tenure of leadership.