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IRS takes aim at wealthy individuals who use tax-avoiding partnerships
INDUSTRY NEWS JUN 18, 2024
IRS takes aim at wealthy individuals who use tax-avoiding partnerships

The agency has announced new investment in compliance and enforcement capabilities.

Student loan debt may impact voting intentions, Bankrate.com poll shows
INDUSTRY NEWS JUN 18, 2024
Student loan debt may impact voting intentions, Bankrate.com poll shows

Study shows even those without loans will be influenced by the issue.

More Americans have health insurance than pre-pandemic
INDUSTRY NEWS JUN 18, 2024
More Americans have health insurance than pre-pandemic

But 25 million remain uninsured according to new report.

Bitcoin at one-month low amid broad crypto sell-off
INDUSTRY NEWS JUN 18, 2024
Bitcoin at one-month low amid broad crypto sell-off

Stocks and bonds providing better returns weakens digital assets appeal.

Goldman sees slower growth, labor market with two Fed cuts
INDUSTRY NEWS JUN 18, 2024
Goldman sees slower growth, labor market with two Fed cuts

Any further slowing of demand will hit jobs not just openings.

Devil is in the detail of Finra's new remote inspections pilot
OPINION JUN 17, 2024
Devil is in the detail of Finra's new remote inspections pilot

FSI will work constructively with the regulator to find the best way forward, just as it did over residential supervisory location designations.

Citi joins Goldman in lifting US stock outlook
INDUSTRY NEWS JUN 17, 2024
Citi joins Goldman in lifting US stock outlook

The global banking giant expects continued strength in big tech stocks to keep fueling the benchmark S&P 500.

Fisher Investments deal's valuation in line with market
RIAS JUN 17, 2024
Fisher Investments deal's valuation in line with market

'The firm is unique because of its retail brand,' says one industry consultant.

After growing 81.5% over 20 years, household debt is at a historic high
INDUSTRY NEWS JUN 17, 2024
After growing 81.5% over 20 years, household debt is at a historic high

Analysis of Federal Reserve data finds student loan debt quadrupled, while mortgages make up the lion’s share of total debt.

Rich Americans confident on money management, but not so much about retirement
INDUSTRY NEWS JUN 17, 2024
Rich Americans confident on money management, but not so much about retirement

Affluent individuals estimate they’d need a $3M retirement nest egg, and just half are prepared to transfer their wealth.

Alphacore appoints ex-LPL leader as new COO
INDUSTRY NEWS JUN 17, 2024
Alphacore appoints ex-LPL leader as new COO

The California-based independent is bolstering its leadership as it pursues an M&A strategy to create a national presence.

Ritholtz Wealth taps Callie Cox for inaugural C-suite role
RIAS JUN 17, 2024
Ritholtz Wealth taps Callie Cox for inaugural C-suite role

The accomplished reporter and analyst will be a core figure in the national RIA’s content development, blog, and podcasting efforts.

Multigenerational Merrill Lynch trio joins LPL in California
BROKER DEALERS JUN 17, 2024
Multigenerational Merrill Lynch trio joins LPL in California

A four-decade veteran advisor and his two sons are launching their own practice after managing $250M at the wirehouse.

'The best job on K Street' for CFP Board CEO
INDUSTRY NEWS JUN 17, 2024
'The best job on K Street' for CFP Board CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Kevin Keller, CFP Board.

'Empower, execute, respect and create'
INDUSTRY NEWS JUN 17, 2024
'Empower, execute, respect and create'

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Laura Prieskorn, Jackson Financial.

Fisher Investments sells stake for up to $3B, but what happens next?
INDUSTRY NEWS JUN 17, 2024
Fisher Investments sells stake for up to $3B, but what happens next?

The deal values the Texas based firm at $12.75B.

Franklin Templeton investment professionals more optimistic than at start of 2024
INDUSTRY NEWS JUN 17, 2024
Franklin Templeton investment professionals more optimistic than at start of 2024

The firm's survey of its global teams shows improved sentiment on economy, assets.

US has taken almost one third of global capital flow since Covid
INDUSTRY NEWS JUN 17, 2024
US has taken almost one third of global capital flow since Covid

IMF analysis shows strength of FDI into the economy.

Oil continues higher following last week's gain
INDUSTRY NEWS JUN 17, 2024
Oil continues higher following last week's gain

But longer-term production outlook is keeping trader cautious

Bill Gates chooses nuclear option for multi-billion-dollar investment
INDUSTRY NEWS JUN 17, 2024
Bill Gates chooses nuclear option for multi-billion-dollar investment

His startup firm is building a power plant in Wyoming.