Industry News

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Stocks slide anew as US-China tariff standoff dashes traders' hopes
NEWS EQUITIES APR 08, 2025
Stocks slide anew as US-China tariff standoff dashes traders' hopes

The S&P 500 was left on the brink of a 20 percent drop, with Wall Street strategists continuing to issue bearish outlooks.

By Bloomberg
Celebrating Financial Literacy Month despite the market's meltdown
NEWS PRACTICE MANAGEMENT APR 08, 2025
Celebrating Financial Literacy Month despite the market's meltdown

April remains Financial Literacy Month no matter the correction in stocks. Advisors discuss how financial education is vital, especially in preparation for times like these.

By Gregg Greenberg
Retirees are wired to not touch their nest eggs, research suggests
NEWS RETIREMENT PLANNING APR 08, 2025
Retirees are wired to not touch their nest eggs, research suggests

New data show retirees reluctant to draw from savings, opting instead to spend predictable income streams like Social Security and pensions.

By Leo Almazora
Bluespring, Crescent Grove bolster leadership ranks amid strategic growth efforts
NEWS RIAS APR 08, 2025
Bluespring, Crescent Grove bolster leadership ranks amid strategic growth efforts

The firms have separately and strategically brought on LPL and Fidelity veterans to drive growth, deepen advisor support, and expand client reach.

By Leo Almazora
Osaic snaps-up $450M NoxNumis in Kansas
NEWS RIAS APR 08, 2025
Osaic snaps-up $450M NoxNumis in Kansas

Wichita advisory firm becomes latest to join Osaic's growing national network of independent wealth managers.

By Leo Almazora
Carson Group strikes latest buyout deal in Marquette, Michigan
NEWS RIAS APR 08, 2025
Carson Group strikes latest buyout deal in Marquette, Michigan

The Omaha-based RIA's strategy of supportive partnership continues with a new wholly owned $314 million Carson Wealth location.

By Leo Almazora
Fed watchers expect no intervention for now as tariff detox continues
NEWS INDUSTRY NEWS APR 08, 2025
Fed watchers expect no intervention for now as tariff detox continues

Prominent strategists say ongoing inflationary pressure hamstring's central bank's ability to support convulsing markets.

By Bloomberg
LPL taps JPMorgan exec as chief data and AI officer
NEWS BROKER DEALERS APR 08, 2025
LPL taps JPMorgan exec as chief data and AI officer

Vaughn Harvey brings more than 25 years of experience in enterprise data strategy as LPL doubles down on advisor-facing AI strategy.

By Leo Almazora
Wall Street braces for more tariff chaos — but one CIO says 'don't panic'
NEWS EQUITIES APR 08, 2025
Wall Street braces for more tariff chaos — but one CIO says 'don't panic'

'This too will pass': Politically driven volatility nothing new, he says.

By Chris Davis
Goldman says bear market could stick
NEWS INDUSTRY NEWS APR 08, 2025
Goldman says bear market could stick

BlackRock downgrades US equities amid more expected pressure.

By Bloomberg
Art investors continue to find weaker demand, says UBS
NEWS INDUSTRY NEWS APR 08, 2025
Art investors continue to find weaker demand, says UBS

Global art market sales were down around 12% in 2024.

By Bloomberg
US stock futures up around 1% as China vows to fight extra 50% tariff threat
NEWS EQUITIES APR 08, 2025
US stock futures up around 1% as China vows to fight extra 50% tariff threat

But rumors of a tariff pause are dismissed as ‘fake news’ by Trump team

By Steve Randall
NASAA members vote to prohibit misleading use of advisor title
NEWS BROKER DEALERS APR 07, 2025
NASAA members vote to prohibit misleading use of advisor title

Conduct Rule will now more closely align with SEC's Reg BI

By Steve Randall
Prospera acquires $2B boutique broker-dealer with 35 year history
NEWS BROKER DEALERS APR 07, 2025
Prospera acquires $2B boutique broker-dealer with 35 year history

Team of 40 advisors, 12 employees will remain with the firm

By Steve Randall
Raymond James welcomes $325M AUM advisor, team from Edward Jones
NEWS BROKER DEALERS APR 07, 2025
Raymond James welcomes $325M AUM advisor, team from Edward Jones

Broker-dealer has acquired more than $2B AUM in the past week

By Steve Randall
Muni bonds draw investors amid market downturn
NEWS FIXED INCOME APR 07, 2025
Muni bonds draw investors amid market downturn

As investors flee equities in the wake of Trump’s tariff plans, municipal bonds are viewed as a haven with yields dropping and demand rising.

By Andrew Cohen
Waverly bolsters Florida footprint with Fiduciary Wealth Advisors
NEWS RIAS APR 07, 2025
Waverly bolsters Florida footprint with Fiduciary Wealth Advisors

The WPCG-backed RIA is continuing its acquisition streak in the East Coast.

By Leo Almazora
Should Robinhood's robo play be a concern for TradePMR's RIAs?
NEWS RIAS APR 07, 2025
Should Robinhood's robo play be a concern for TradePMR's RIAs?

While Robinhood CEO Vlad Tenev paints the low-cost offering as a challenge to traditional advisors, a look under the hood shows a slightly different picture.

By Leo Almazora
Credit spreads set to widen most since 2020, UBS says
NEWS FIXED INCOME APR 07, 2025
Credit spreads set to widen most since 2020, UBS says

Economic slowdown risks could drive the added yield premium of corporate bonds over Treasuries to levels last seen during the Covid-19 pandemic, according to strategists.

By Bloomberg
Big banks' earnings in focus as recession fears swirl
NEWS EQUITIES APR 07, 2025
Big banks' earnings in focus as recession fears swirl

A slate of forthcoming reports from JPMorgan, Wells Fargo, and Morgan Stanley are expected to provide valuable clues on how lenders view tariffs' impact.

By Leo Almazora