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Outsourced trading boosts investment performance for asset managers: State Street
INDUSTRY NEWS MAY 30, 2024
Outsourced trading boosts investment performance for asset managers: State Street

Report found widespread performance gains across North America, globally.

Record-breaking summer heat set to spark commodities volatility
INDUSTRY NEWS MAY 30, 2024
Record-breaking summer heat set to spark commodities volatility

From natural gas to soy, prices are already rising globally.

UBS appoints new US business leader, joint head of wealth
INDUSTRY NEWS MAY 30, 2024
UBS appoints new US business leader, joint head of wealth

Management shakeup sets up CEO succession plan.

Are US banks too exposed to CRE when REITs are considered?
INDUSTRY NEWS MAY 30, 2024
Are US banks too exposed to CRE when REITs are considered?

Study suggests regulators may not appreciate the risk.

 A guide to 401(k) withdrawal strategies 
MAY 29, 2024
 A guide to 401(k) withdrawal strategies 

Find out more about 401(k) withdrawal rules, such as when plan holders can tap into their 401(k) plan and what to keep in mind. To maximize 401(k), plan holders really shouldn’t touch their funds – find out why

Awaiting a verdict on Trump, market likely to say 'meh'
INDUSTRY NEWS MAY 29, 2024
Awaiting a verdict on Trump, market likely to say 'meh'

'Absent Trump being in jail, none of this stuff is going to matter,' says one advisor.

Credit environment strong, inflation decelerating, says Lincoln Financial CIO
INDUSTRY NEWS MAY 29, 2024
Credit environment strong, inflation decelerating, says Lincoln Financial CIO

Despite the fact that credit spreads are at historical tights, the technical backdrop is fantastic, says Lincoln CIO Jayson Bronchetti.

‘An immense responsibility to serve others’
INDUSTRY NEWS MAY 29, 2024
‘An immense responsibility to serve others’

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): Matthew Walker, Fortitude Family Office.

Finalist works to achieve a work-optional lifestyle for clients
INDUSTRY NEWS MAY 29, 2024
Finalist works to achieve a work-optional lifestyle for clients

InvestmentNews Awards 2024, Advisor of the Year (Western region): Cody Klein, SageView Advisory Group.

T. Rowe Price forges 529 alliance with Ascensus
FINTECH MAY 29, 2024
T. Rowe Price forges 529 alliance with Ascensus

The retirement industry giant is tapping the leading TPA and recordkeeper to service its state-sponsored 529 plans.

Ex-RIA, CEO behind failed opportunity fund to pay $600k in penalties
REGULATION AND LEGISLATION MAY 29, 2024
Ex-RIA, CEO behind failed opportunity fund to pay $600k in penalties

The New York-based firm and its CEO made false statements and doctored portfolio data for a fund with positions in China, according to the SEC.

Merrill Lynch agrees to nearly $20M settlement for racial class action
WIREHOUSES MAY 29, 2024
Merrill Lynch agrees to nearly $20M settlement for racial class action

Discriminatory actions at the wirehouse have restricted business opportunities and compensation for African American advisors, alleged four former employees.

LPL adds $215M advisor pair in California
BROKER DEALERS MAY 29, 2024
LPL adds $215M advisor pair in California

With more than six decades of collective industry experience, the advisor duo are coming over from Securities America, a unit of Osaic.

Wealth Enhancement Group scores $1.22B Texas RIA
RIAS MAY 29, 2024
Wealth Enhancement Group scores $1.22B Texas RIA

The national independent’s latest acquisition, led by a three-decade industry veteran, marks its fifth deal for 2024.

Stratos Wealth Advisors expands in Ohio
RIAS MAY 29, 2024
Stratos Wealth Advisors expands in Ohio

The national RIA adds a two-advisor wealth planning practice, led by a five-decade industry veteran, that oversees more than $100M in AUM.

American consumers are more confident generally, but finances remain concerning
INDUSTRY NEWS MAY 29, 2024
American consumers are more confident generally, but finances remain concerning

Reports from The Conference Board reveal mixed sentiment.

Stocks, bonds decline as US Treasuries fall overnight
INDUSTRY NEWS MAY 29, 2024
Stocks, bonds decline as US Treasuries fall overnight

Fed comments and inflation data weigh on markets.

Hedge funds take Magnificent Seven exposure to record high
INDUSTRY NEWS MAY 29, 2024
Hedge funds take Magnificent Seven exposure to record high

Tech mega-caps account for more than 20% of funds' US stock exposure.

BlackRock's $20 Billion ETF becomes world’s biggest bitcoin fund
INDUSTRY NEWS MAY 29, 2024
BlackRock's $20 Billion ETF becomes world’s biggest bitcoin fund

The firm's offering has nudged ahead of Grayscale.

Cathie Wood's $60 Million venture fund backs Elon Musk's AI firm
INDUSTRY NEWS MAY 29, 2024
Cathie Wood's $60 Million venture fund backs Elon Musk's AI firm

Ark Venture Fund has also invested in OpenAI recently.