Industry News

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Alts platform CAIS keeps building
NEWS RIAS SEP 14, 2023
Alts platform CAIS keeps building

Since its launch in 2009, CAIS has facilitated over $25 billion in transactions involving financial advisors.

By Bruce Kelly
Tom Berthel steps down as CEO of Berthel Fisher B-Ds, remains at holding company
NEWS RIAS SEP 14, 2023
Tom Berthel steps down as CEO of Berthel Fisher B-Ds, remains at holding company

Berthel Fisher has been known to sell a variety of alternative investments, which at times can be expensive and volatile.

By Bruce Kelly
Why advisor education is key to gold ownership
NEWS INDUSTRY NEWS SEP 14, 2023
Why advisor education is key to gold ownership

Study highlights lack of investor knowledge while advisors question whether asset class is the golden inflation hedge it's cracked up to be.

By Gregg Greenberg
Wall Street reacts to 'not great' CPI data
NEWS INDUSTRY NEWS SEP 14, 2023
Wall Street reacts to 'not great' CPI data

What do some industry stalwarts think of the latest economic stats?

By Bloomberg
Household incomes fell in a third of states last year
NEWS INDUSTRY NEWS SEP 14, 2023
Household incomes fell in a third of states last year

Just five saw median incomes improve according to US Census data.

By Bloomberg
Citi's new wealth business leader will be one of five in new leadership structure
NEWS PRACTICE MANAGEMENT SEP 14, 2023
Citi's new wealth business leader will be one of five in new leadership structure

Wall Street banking group is simplifying its operating model and leadership structure.

By Steve Randall
Former Edward Jones office administrator returns to firm as financial advisor
NEWS WIREHOUSES SEP 14, 2023
Former Edward Jones office administrator returns to firm as financial advisor

The advisor will serve clients in Winchester, Virginia.

By Steve Randall
Fund giants want a piece of the $1.5T private credit action
NEWS INDUSTRY NEWS SEP 14, 2023
Fund giants want a piece of the $1.5T private credit action

Funds are seeking acquisitions and are willing to pay big for a deal.

By Bloomberg
Why Ray Dalio shuns bonds in favor of cash
NEWS INDUSTRY NEWS SEP 14, 2023
Why Ray Dalio shuns bonds in favor of cash

Seasoned investor says bonds are not a good long-term investment.

By Bloomberg
Only one of the world's biggest firms of 2000 is still in the top 10 today
NEWS EQUITIES SEP 14, 2023
Only one of the world's biggest firms of 2000 is still in the top 10 today

What were the biggest companies in the world by market cap in 2000 and 1980?

By Steve Randall
Cetera deal for Avantax shows boom continues for wealth management assets
NEWS BROKER DEALERS SEP 13, 2023
Cetera deal for Avantax shows boom continues for wealth management assets

The price tag Cetera paid for Avantax was 180% of its revenues last year, an unthinkable sum for a broker-dealer just a few years ago.

By Bruce Kelly
August CPI pushes 2024 COLA forecast up 3.2%
NEWS RETIREMENT PLANNING SEP 13, 2023
August CPI pushes 2024 COLA forecast up 3.2%

The resulting increase would raise the average monthly retiree benefit of $1,790 by $57.30.

By Gregg Greenberg
U.S. lags globally on retirement due to health, quality of life issues
NEWS RETIREMENT PLANNING SEP 13, 2023
U.S. lags globally on retirement due to health, quality of life issues

Academics suggest improvements to the savings system and restoring the solvency of Social Security.

By Emile Hallez
Why millionaires value their advisors for their long-term financial planning
NEWS INDUSTRY NEWS SEP 13, 2023
Why millionaires value their advisors for their long-term financial planning

But for those without a plan, running out of retirement savings is concerning.

By Steve Randall
US futures steady as CPI data is awaited
NEWS INDUSTRY NEWS SEP 13, 2023
US futures steady as CPI data is awaited

Official stats released Wednesday with further key data later.

By Bloomberg
Binance US CEO exits as firm slashes headcount
NEWS INDUSTRY NEWS SEP 13, 2023
Binance US CEO exits as firm slashes headcount

Regulatory crackdown adds to Miami-based firm's challenges.

By Bloomberg
Fund managers warning to semiconductor investors
NEWS INDUSTRY NEWS SEP 13, 2023
Fund managers warning to semiconductor investors

Industry requires large volumes of water, that's concerning.

By Bloomberg
Can AI detect misconduct by rogue traders?
NEWS INDUSTRY NEWS SEP 13, 2023
Can AI detect misconduct by rogue traders?

Deutsche Bank is testing tools that could detect wrongdoing.

By Bloomberg
Why are Americans snapping up Scotland's high-end homes?
NEWS INDUSTRY NEWS SEP 13, 2023
Why are Americans snapping up Scotland's high-end homes?

Real estate firm reports surge in buyers from the US.

By Bloomberg
SEC Chair Gensler fires back at GOP critics
NEWS FINTECH SEP 12, 2023
SEC Chair Gensler fires back at GOP critics

Leader accused of proposing regulations that are ‘sowing discord and confusion.'

By Mark Schoeff Jr.