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'Trump trade' intensifies in global markets
INDUSTRY NEWS JUL 15, 2024
'Trump trade' intensifies in global markets

Expectation rises of return to White House for former president.

US futures little changed amid latest geopolitical shock
INDUSTRY NEWS JUL 15, 2024
US futures little changed amid latest geopolitical shock

Increased near-term volatility is likely though.

Gunman appeared in BlackRock commercial
INDUSTRY NEWS JUL 15, 2024
Gunman appeared in BlackRock commercial

Firm says it will remove the 2022 ad from circulation.

Wall Street says climate activists' arguments are flawed
INDUSTRY NEWS JUL 15, 2024
Wall Street says climate activists' arguments are flawed

Finance firms insist they are driving the transition to clean energy.

REIT index returns show continued pain in real estate
INDUSTRY NEWS JUL 12, 2024
REIT index returns show continued pain in real estate

Q2 performance figures show losses in the REIT space, led by casualties in the industrial and hotel sectors.

Wells Fargo slides as higher-than-expected costs tarnish quarterly results
INDUSTRY NEWS JUL 12, 2024
Wells Fargo slides as higher-than-expected costs tarnish quarterly results

After the disappointing data point, the lending giant suffered a single-day drop reminiscent of last year's regional banking crisis.

Wells Fargo's focus on independent advisors taking shape
BROKER DEALERS JUL 12, 2024
Wells Fargo's focus on independent advisors taking shape

"FiNet has made very noticeable increases in support staffing to practices," said one industry source.

Market watchers look ahead to party conventions with eyes on bottom line
INDUSTRY NEWS JUL 12, 2024
Market watchers look ahead to party conventions with eyes on bottom line

Financial strategists and fund managers weigh in on how the race for the White House will impact their portfolios.

RBC Wealth Management expands with $640M Merrill Lynch team
ADVISOR MOVES JUL 12, 2024
RBC Wealth Management expands with $640M Merrill Lynch team

The firm’s latest additions, led by a veteran with more than three decades’ experience, come during a pivotal transition for its broader organization.

Arete tightens its ties with BNY Pershing
RIAS JUL 12, 2024
Arete tightens its ties with BNY Pershing

The $6B IBD and RIA is expanding its partnership with new long-term agreements, including access to an integrated wealth management platform.

JPMorgan posts profit record on Visa gain, dealmaking revival
INDUSTRY NEWS JUL 12, 2024
JPMorgan posts profit record on Visa gain, dealmaking revival

The banking giant shattered expectations across its Wall Street businesses, including $2.4B in investment banking fees.

New Technology Report closes this week
INDUSTRY NEWS JUL 12, 2024
New Technology Report closes this week

Search for the industry’s best wealth technology and software ends soon.

Wealth Enhancement Group gains first foothold in Utah
RIAS JUL 12, 2024
Wealth Enhancement Group gains first foothold in Utah

The national independent wealth firm has acquired a $272M planning team in Farmington, pushing its client assets past $85.7B.

Insurance distributor appoints veteran leader for $46B wealth management unit
INDUSTRY NEWS JUL 12, 2024
Insurance distributor appoints veteran leader for $46B wealth management unit

New hire has international experience across major name financial firms.

National $25.9B AUM RIA firm launches trust company in 'favorable' jurisdiction
INDUSTRY NEWS JUL 12, 2024
National $25.9B AUM RIA firm launches trust company in 'favorable' jurisdiction

The firm says expansion of its services will be powered by technology.

S&P futures stabilize ahead of Wall Street earnings
INDUSTRY NEWS JUL 12, 2024
S&P futures stabilize ahead of Wall Street earnings

Expectation of earnings broadening out from megacap big tech.

Treasuries erase 2024 losses amid rate cut bets
INDUSTRY NEWS JUL 12, 2024
Treasuries erase 2024 losses amid rate cut bets

Inflation data is driving expectation of Fed action ahead.

Wall Street banking chief welcomed with $41M in stocks
INDUSTRY NEWS JUL 12, 2024
Wall Street banking chief welcomed with $41M in stocks

Shares will awarded over a five year period.

Gold remains above $2400 after biggest gain since March
INDUSTRY NEWS JUL 12, 2024
Gold remains above $2400 after biggest gain since March

Wider precious metals market is mixed.

Energy investors looking for a gusher in second half
INDUSTRY NEWS JUL 11, 2024
Energy investors looking for a gusher in second half

Oil and natural gas stocks have lagged so far in 2024 as technology has led the way. Energy investors expect that to change in the months ahead.