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Private capital managers see RIA channel as key growth area
INDUSTRY NEWS JUN 12, 2024
Private capital managers see RIA channel as key growth area

Senior investment strategist at $50B Churchill Asset Management shares insights.

Wealthspire Advisors adds former BofA portfolio manager to growing team
INDUSTRY NEWS JUN 12, 2024
Wealthspire Advisors adds former BofA portfolio manager to growing team

Industry veteran joins the firm in the New York, South Florida markets.

Big day for US data, world markets mixed in early trade
INDUSTRY NEWS JUN 12, 2024
Big day for US data, world markets mixed in early trade

Fed to announce rates decision, CPI data ahead.

Global oil markets headed for major surplus, IEA says
INDUSTRY NEWS JUN 12, 2024
Global oil markets headed for major surplus, IEA says

Agency says US-led production surge could weigh on prices.

Bathroom bans part of toxic culture at Archegos, trial hears
INDUSTRY NEWS JUN 12, 2024
Bathroom bans part of toxic culture at Archegos, trial hears

Collapsed firm's founder Bill Hwang is on trial for fraud.

Trump would back Bitcoin over Fed-backed crypto
INDUSTRY NEWS JUN 12, 2024
Trump would back Bitcoin over Fed-backed crypto

Presidential hopeful held event for crypto miners at Mar-a-Lago Tuesday.

Learning leads to success for Thrivent CEO
INDUSTRY NEWS JUN 11, 2024
Learning leads to success for Thrivent CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Terry Rasmussen, Thrivent

'I'm playing to change the industry,' says fintech CEO
INDUSTRY NEWS JUN 11, 2024
'I'm playing to change the industry,' says fintech CEO

InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Matt Brown, CAIS.

Are easy days of RIA financing a thing of the past?
RIAS JUN 11, 2024
Are easy days of RIA financing a thing of the past?

Financial advisors may be dragged through the muck when financing goes wrong.

Brooklyn-based brokerage TradeZero hit with $250k penalty over finfluencer activities
REGULATION AND LEGISLATION JUN 11, 2024
Brooklyn-based brokerage TradeZero hit with $250k penalty over finfluencer activities

Finra investigation finds pandemic-era promotions, recordkeeping, and privacy notices to investors breached a raft of rules and regulations.

Dollar rockets toward 2024 record amid inflation, Fed watch
INDUSTRY NEWS JUN 11, 2024
Dollar rockets toward 2024 record amid inflation, Fed watch

Wednesday's one-two punch of CPI data and rate decision could spur the world's strongest currency on.

Arax beefs up multi-partner platform with $1.7B high-net-worth RIA
RIAS JUN 11, 2024
Arax beefs up multi-partner platform with $1.7B high-net-worth RIA

Headquartered in Colorado, the wealth management giant’s new addition is headed by an advisor duo with more than 40 years of collective experience.

Reduced fees are charitable handouts
OPINION JUN 11, 2024
Reduced fees are charitable handouts

'What surprises me is not what is negotiated for larger clients, but how little some advisors charge for smaller clients.'

Raymond James welcomes $200M Wells Fargo advisor
BROKER DEALERS JUN 11, 2024
Raymond James welcomes $200M Wells Fargo advisor

The independent wealth giant’s newest addition is joining its employee advisor arm in Michigan.

Four ways to recharge your growth plan this summer
OPINION JUN 11, 2024
Four ways to recharge your growth plan this summer

Take advantage of the slower pace to deepen valuable client connections.

Summit scores $1.9B advisor from Merrill Lynch
ADVISOR MOVES JUN 11, 2024
Summit scores $1.9B advisor from Merrill Lynch

Focused on the sports and entertainment industry, the veteran advisor in California has pushed the RIA’s new assets past the $5B mark.

LPL lands $500M advisor duo from First Republic
ADVISOR MOVES JUN 11, 2024
LPL lands $500M advisor duo from First Republic

The broker-dealer giant’s latest additions in Newport Beach, California broke away to launch their own independent practice.

Eton Advisors boosts UHNW capabilities with family office veteran
INDUSTRY NEWS JUN 11, 2024
Eton Advisors boosts UHNW capabilities with family office veteran

The MFO is welcoming Tamara Surratt, the founder and CEO of Legacy Family Office, which has more than $2B in AUM.

Schwab trading index: Were AI and meme stocks in or out of favor in May?
INDUSTRY NEWS JUN 11, 2024
Schwab trading index: Were AI and meme stocks in or out of favor in May?

The monthly STAX index reveals investment sentiment among firm's clients.

Vestmark partnership to drive 'key to wealth management firm growth'
INDUSTRY NEWS JUN 11, 2024
Vestmark partnership to drive 'key to wealth management firm growth'

The firm has announced a strategic partnership to enhance platform.