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Client wasn’t lovin’ it: Wells Fargo loses arbitration case over McDonald’s stock
Finra arbitrators order the firm and a broker to pay about $500,000 to a former McDonald's franchise owner after an options trading snafu.
The 5-minute rule for evaluating alternative investments
Advisors evaluating alts for their clients should focus on what clients want to achieve as part of a well-diversified portfolio and understand their clients' cash flow requirements.
Potential investor claims go through the roof at Berthel Fisher
Open claims against the Iowa-based broker-dealer totaled $32.1 million at the end of 2022, eight times what it reported a year earlier, according to an SEC filing.
Blockchain dividend distributions emerge as latest threat to traditional finance
Crypto experts say distributions via blockchain technology will soon be commonplace.
Blackstone’s BREIT sees $4.5 billion of withdrawal requests in March
The real estate trust, which has limited redemptions for a fifth straight month, had already hit 2% monthly limits in January and February.
How financial advisors can capitalize on the metaverse
Here are a few steps to consider before embarking on large-scale investments in the virtual landscape.
Answering the ancient question: Does gold fight inflation or not?
With inflation at a 40-year high, here’s how advisors view gold as a hedge compared to TIPS, crypto and other shiny metals.
Bitcoin enjoys 32% rally in wake of banking crisis
As crypto takes center stage, the Digital Asset Council of Financial Professionals announces it's rolling out an expanded version of its certification for blockchain and digital assets.
IAA advocates for advisors as portals to private investments for clients
The trade association is trying to insert language into capital formation legislation that would deem investors accredited if they work with a fiduciary advisor.
Federal appeals court questions SEC’s decision to reject Grayscale bitcoin ETF proposal
Grayscale sued, asking the DC Circuit Court to overturn a decision the firm called arbitrary and discriminatory because the agency had already approved ETFs that track bitcoin futures.
Investors keep dumping Blackstone REIT shares
But investors looked to redeem fewer BREIT shares in February than in January, potentially a positive sign for the company.
Gensler steps up warnings to money managers
The SEC chairman said using predictive data technologies may create 'inherent conflicts' of interest for investment advisors.
SEC charges Virginia advisor with fraud
The advisor, Ryan R. Riley, also pleaded guilty in a criminal manner and was ordered to pay restitution of at least $434,000.
January was worst month for retail nontraded REITs sales since 2009
According to investment bank Robert A. Stanger & Co. Inc., January nontraded REIT sales to retail investors totaled just $596 million.
Focus Financial Partners says it’s being bought, as expected
The firm, which has been a dealmaking machine since it launched in 2004, will go private as a result of its acquisition by private equity manager Clayton Dubilier & Rice.
Thomas H. Lee bought RIAs before anyone else
After leaving Thomas H. Lee Partners in 2006, he started another firm, Lee Equity Partners, that made a handful of significant transactions in wealth management shops.
Real estate isn’t an alternative — it’s a core investment
In 2020, the global real estate market had a value of more than $326 trillion, which is more than the value of all the stocks and bonds in the world.
Private equity pioneer Thomas Lee dies at 78
Lee invested more than $15 billion in hundreds of transactions as of 2020, which included his best-known transaction, the 1992 purchase of Snapple Beverage Corp.
Fintech Bytes: Crypto winter continues
Survey suggests Americans would embrace AI investing; plus news on Facet and Interactive Brokers.
Advisors’ worst fears coming into 2023 proving groundless, so far
A relatively smoother ride in the financial markets this year should allow advisors and their clients to breathe a sigh of relief.
