Industry News

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Buy or sell Canada? Wealth managers watch carefully as Canadians head to the polls
NEWS EQUITIES APR 23, 2025
Buy or sell Canada? Wealth managers watch carefully as Canadians head to the polls

Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.

By Gregg Greenberg
How are tech-boosted advisors spending their "time tax refund"?
NEWS PRACTICE MANAGEMENT APR 23, 2025
How are tech-boosted advisors spending their "time tax refund"?

Two C-level leaders reveal the new time-saving tools they've implemented and what advisors are doing with their newly freed-up hours.

By Leo Almazora
Indivisible Partners selects DPL to arm advisors for insurance business
NEWS FINTECH APR 23, 2025
Indivisible Partners selects DPL to arm advisors for insurance business

The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.

By Leo Almazora
RIA M&A stays brisk in first quarter with record pace of dealmaking
NEWS RIAS APR 23, 2025
RIA M&A stays brisk in first quarter with record pace of dealmaking

Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.

By Leo Almazora
New York Dems push for return of tax on stock sales
NEWS EQUITIES APR 23, 2025
New York Dems push for return of tax on stock sales

The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.

By Bloomberg
Human Interest and Income Lab streamline workflows for retirement-focused advisors
NEWS RETIREMENT PLANNING APR 23, 2025
Human Interest and Income Lab streamline workflows for retirement-focused advisors

The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.

By Leo Almazora
More layoffs to come at Cetera?
NEWS RIAS APR 23, 2025
More layoffs to come at Cetera?

A company spokesperson called the layoffs a "small reduction in our workforce."

By Bruce Kelly
Carson, Lido strengthen RIA networks with bicoastal deals
NEWS RIAS APR 23, 2025
Carson, Lido strengthen RIA networks with bicoastal deals

Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.

By Leo Almazora
Goldman gets shareholder backing on $80M executive bonus packages
NEWS WIREHOUSES APR 23, 2025
Goldman gets shareholder backing on $80M executive bonus packages

The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.

By Bloomberg
Integrated Partners, Kestra welcome multigenerational advisor teams
NEWS RIAS APR 23, 2025
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

By Leo Almazora
Trump not planning to fire Powell, market tension eases
NEWS INDUSTRY NEWS APR 23, 2025
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

By Bloomberg
From stocks and economy to their own finances, consumers are getting gloomier
NEWS INDUSTRY NEWS APR 23, 2025
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

By Steve Randall
Women share investing strengths, asset preferences in new study
NEWS INDUSTRY NEWS APR 23, 2025
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

By Steve Randall
Trump vows to 'be nice' to China, slash tariffs
NEWS INDUSTRY NEWS APR 23, 2025
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

By Bloomberg
Fed's Kugler warns of worse-than-expected impact of tariffs
NEWS INDUSTRY NEWS APR 23, 2025
Fed's Kugler warns of worse-than-expected impact of tariffs

Inflation, economic risk is greater than previously thought.

By Bloomberg
Musk set to refocus on Tesla as firm posts worst quarter in years
NEWS INDUSTRY NEWS APR 23, 2025
Musk set to refocus on Tesla as firm posts worst quarter in years

Billionaire CEO says he'll cut back work on DOGE.

By Bloomberg
Details emerge of Ameriprise's offer to Commonwealth advisors
NEWS BROKER DEALERS APR 22, 2025
Details emerge of Ameriprise's offer to Commonwealth advisors

Ameriprise is offering up to 125% of trailing revenue to reel in top-producing Commonwealth advisors from LPL as a recruiting battle continues to rock the independent advisor industry.

By Andrew Cohen
More Americans fear outliving their savings than dying, Allianz survey finds
NEWS RETIREMENT PLANNING APR 22, 2025
More Americans fear outliving their savings than dying, Allianz survey finds

Inflation, Social Security uncertainty, and day-to-day expenses are fueling retirement insecurity across all generations.

By Leo Almazora
Summers warns of $1T revenue loss risk from Trump 'attack' on IRS
NEWS TAX APR 22, 2025
Summers warns of $1T revenue loss risk from Trump 'attack' on IRS

The former Treasury secretary envisions an avalanche of noncompliance as the federal tax agency weathers massive workforce reductions and a string of walkouts in its leadership.

By Bloomberg
Rogue rep, formerly with United Planners', keeps costing firm damages
NEWS BROKER DEALERS APR 22, 2025
Rogue rep, formerly with United Planners', keeps costing firm damages

United Planners' costs related to lawsuits and regulators' actions into the advisor continue to rise.

By Bruce Kelly