Industry News

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Poor start for equities ahead of rate decisions, earnings
NEWS INDUSTRY NEWS JUL 24, 2023
Poor start for equities ahead of rate decisions, earnings

Weaker-than-expected data is adding to the negative sentiment early Monday.

By Bloomberg
Companies with $27T market value report earnings this week
NEWS INDUSTRY NEWS JUL 24, 2023
Companies with $27T market value report earnings this week

What will the high-value corporate earnings season do to stock markets?

By Bloomberg
Permanent remote supervision? Not so fast
NEWS REGULATION AND LEGISLATION JUL 24, 2023
Permanent remote supervision? Not so fast

The industry’s frustration is understandable. But state regulators and the plaintiff’s bar have a point, too.

By InvestmentNews
Jury's out as market rejects mega RIAs
NEWS RIAS JUL 24, 2023
Jury's out as market rejects mega RIAs

IPOs may still be a road to riches for giant aggregators, but critics say hurdles remain.

By Bruce Kelly
State auto-IRA programs bring red and blue together
NEWS RETIREMENT PLANNING JUL 24, 2023
State auto-IRA programs bring red and blue together

The push for the retirement plans is winning a vote not only from state representatives but also from across the aisle.

By Gregg Greenberg
Top fee-only RIAs in 2023
NEWS RIAS JUL 21, 2023
Top fee-only RIAs in 2023

Here's a list of the biggest fee-only registered investment advisors, based on the data firms report to the SEC on their Form ADV.

By InvestmentNews
Should you tell your kids how much they'll inherit?
NEWS RETIREMENT PLANNING JUL 21, 2023
Should you tell your kids how much they'll inherit?

The Great Wealth Transfer is underway, but advisors say open dialogue within families is crucial to success.

By Gregg Greenberg
Lingering pain for clients of defunct broker-dealer
NEWS ALTERNATIVES JUL 21, 2023
Lingering pain for clients of defunct broker-dealer

The egregious case of Jamie Worden and the continuing issue of unpaid arbitration awards.

By Bruce Kelly
Trump-linked SPAC to pay $18M fine to SEC over 'material misrepresentations'
NEWS REGULATION AND LEGISLATION JUL 21, 2023
Trump-linked SPAC to pay $18M fine to SEC over 'material misrepresentations'

Share price soars on news.

By Matthew Sellers
Goldman Sachs, Morgan Stanley and others spend $1 billion on redundancies
NEWS PRACTICE MANAGEMENT JUL 21, 2023
Goldman Sachs, Morgan Stanley and others spend $1 billion on redundancies

More job cuts to come, meanwhile JPMorgan is hiring.

By Matthew Sellers
Investors are bullish but expect continued market volatility, says Morgan Stanley
NEWS INDUSTRY NEWS JUL 21, 2023
Investors are bullish but expect continued market volatility, says Morgan Stanley

Investor sentiment is rising along with expectation of the Fed navigating a soft landing.

By Steve Randall
Former $245M Wells Fargo advisors launch own firm with LPL Financial
NEWS INDUSTRY NEWS JUL 21, 2023
Former $245M Wells Fargo advisors launch own firm with LPL Financial

Duo joins the employee advisor channel, while another $250M team chooses LPL’s platforms.

By Steve Randall
Corporate earnings in focus, Fed direction remains uncertain
NEWS INDUSTRY NEWS JUL 21, 2023
Corporate earnings in focus, Fed direction remains uncertain

Markets start Friday subdued as data suggests rate rises may continue.

By Bloomberg
Elon Musk loses $20B but remains world's wealthiest
NEWS INDUSTRY NEWS JUL 21, 2023
Elon Musk loses $20B but remains world's wealthiest

Tesla stock declined Thursday putting Musk just $33B ahead of luxury goods tycoon Bernard Arnault in the rich list.

By Bloomberg
ETF strategy designed for night owls gets a wake-up call
NEWS RIAS JUL 20, 2023
ETF strategy designed for night owls gets a wake-up call

NightShares shutters two ETFs that only invest when the market is closed.

By Jeff Benjamin
Renting out a second home is no vacation!
NEWS INDUSTRY NEWS JUL 20, 2023
Renting out a second home is no vacation!

Many property owners aren't aware of the potential risks associated with the booming short-term rental industry.

By Gregg Greenberg
Sequoia Financial Group to expand with acquisition of Cleveland wealth manager
NEWS INDUSTRY NEWS JUL 20, 2023
Sequoia Financial Group to expand with acquisition of Cleveland wealth manager

Cirrus Wealth Management has $387 million in assets and a team of 12 led by a 30-year veteran of the industry.

By Steve Randall
Twice-convicted fraudster charged by SEC for alleged $38M Ponzi-like scheme
NEWS REGULATION AND LEGISLATION JUL 20, 2023
Twice-convicted fraudster charged by SEC for alleged $38M Ponzi-like scheme

Eliyahu Weinstein of Lakewood, New Jersey, and five others are charged with defrauding investors in health care-related deals.

By Steve Randall
Big tech disappoints, Nasdaq futures slip
NEWS INDUSTRY NEWS JUL 20, 2023
Big tech disappoints, Nasdaq futures slip

Tesla and Netflix results were weaker than investors were expecting

By Bloomberg
Blackstone set to become first-ever $1T PE firm
NEWS INDUSTRY NEWS JUL 20, 2023
Blackstone set to become first-ever $1T PE firm

The private equity giant reports its results Thursday

By Bloomberg