Industry News

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After ending 2024 with $865B, direct indexing has more room to grow
NEWS INDUSTRY NEWS APR 10, 2025
After ending 2024 with $865B, direct indexing has more room to grow

With just 18 percent of advisors adopting the strategies, Cerulli research says education is key to bridging the gap.

By Leo Almazora
JPMorgan analyst highlights risks of Trump criticism in 'Redacted' report
NEWS INDUSTRY NEWS APR 10, 2025
JPMorgan analyst highlights risks of Trump criticism in 'Redacted' report

Well-respected senior analyst's loud silence in a commentary on tariffs reflects broader climate of preemptive caution permeating Wall Street.

By Bloomberg
Schwab, State Street unveil new retail private-market offerings
NEWS RETIREMENT PLANNING APR 10, 2025
Schwab, State Street unveil new retail private-market offerings

The trend to democratize alternative investments is heating up with a new high-net-worth offering from Schwab and State Street's latest twist on target-date funds.

By Leo Almazora
March inflation posts surprise slowdown before tariffs hit
NEWS INDUSTRY NEWS APR 10, 2025
March inflation posts surprise slowdown before tariffs hit

The latest CPI reading, showing the first decrease in nearly five years, adds to the uncertainty keeping Fed officials in wait-and-see mode.

By Bloomberg
Atria Wealth founders to leave LPL Financial 14 months after acquisition
NEWS BROKER DEALERS APR 10, 2025
Atria Wealth founders to leave LPL Financial 14 months after acquisition

Duo reflects on ‘incredible journey’ in heartfelt message to team, clients

By Steve Randall
How young advisors are navigating today's market turbulence
NEWS EQUITIES APR 10, 2025
How young advisors are navigating today's market turbulence

From conservative investing to tax-savvy client strategies, advisors under 40 take lessons from the 2008 crisis while navigating today's volatility.

By Andrew Cohen
Trump SEC pick Atkins gets senate confirmation
NEWS REGULATION AND LEGISLATION APR 10, 2025
Trump SEC pick Atkins gets senate confirmation

New SEC chairman vows "appropriately tailored" regulatory approach amid agency overhaul and market volatility.

By Leo Almazora
Bond markets are reacting violently to tariff pause
NEWS INDUSTRY NEWS APR 10, 2025
Bond markets are reacting violently to tariff pause

Traders are digesting the latest decision's potential for the Fed.

By Bloomberg
Don't buy the dip, Citi Wealth head warns investors
NEWS INDUSTRY NEWS APR 10, 2025
Don't buy the dip, Citi Wealth head warns investors

Extreme volatility is still a major risk amid uncertain outlook.

By Bloomberg
US crude supplies to largest importer slow to a trickle
NEWS INDUSTRY NEWS APR 10, 2025
US crude supplies to largest importer slow to a trickle

Another sign of trade war pain highlighted in the stats.

By Bloomberg
Walmart shows key signal of trade war uncertainty
NEWS INDUSTRY NEWS APR 10, 2025
Walmart shows key signal of trade war uncertainty

Retailer has asked its Chinese suppliers to leave price stickers off.

By Bloomberg
After 'liberation day' blockbuster, Trump's sequel is a box office hit
NEWS EQUITIES APR 10, 2025
After 'liberation day' blockbuster, Trump's sequel is a box office hit

Investors give it five stars, but Chinese audiences are not impressed

By Steve Randall
Stifel seals deal for B.Riley advisors, adding $4B in AUM
NEWS BROKER DEALERS APR 09, 2025
Stifel seals deal for B.Riley advisors, adding $4B in AUM

The broker-dealer giant is folding in dozens of W2 employee advisors as Bryant Riley continues to steer his besieged firm through financial difficulties.

By Leo Almazora
What non-compete and non-solicit lawsuits mean for RIAs
NEWS RIAS APR 09, 2025
What non-compete and non-solicit lawsuits mean for RIAs

Restrictive covenants and acrimonious litigation between firms and their former advisors undermines trust in the industry, argues CEO.

By Leo Almazora
Americans split on Trump's trade tactics as growing majority brace for impact
NEWS INDUSTRY NEWS APR 09, 2025
Americans split on Trump's trade tactics as growing majority brace for impact

New poll shows nearly three-quarters are anticipating higher prices, with nearly as many expecting a sharp short-term recession.

By Leo Almazora
5-year record surge for US stocks as Trump presses pause on some tariffs
NEWS EQUITIES APR 09, 2025
5-year record surge for US stocks as Trump presses pause on some tariffs

Long-awaited "Trump put" offers markets relief as S&P 500, Nasdaq, and Dow Jones indexes soar.

By Bloomberg
Envestnet unveils portfolio partnerships with BlackRock, State Street
NEWS FINTECH APR 09, 2025
Envestnet unveils portfolio partnerships with BlackRock, State Street

The latest platform integrations aim to streamline direct indexing and custom model delivery for the wealth tech giant's RIA users.

By Leo Almazora
Raymond James announces leadership shakeup to boost advisor support
NEWS BROKER DEALERS APR 09, 2025
Raymond James announces leadership shakeup to boost advisor support

The latest appointments feature a strategic succession in its asset management division and one promotion to a newly created practice management role.

By Leo Almazora
LPL, NorthRock partners announce advisor additions
NEWS BROKER DEALERS APR 09, 2025
LPL, NorthRock partners announce advisor additions

LPL is expanding its footprint in Idaho as one of its veteran advisor affiliates starts afresh in Illinois.

By Leo Almazora
Recession 'likely outcome' of tariff turbulence, Dimon says
NEWS EQUITIES APR 09, 2025
Recession 'likely outcome' of tariff turbulence, Dimon says

The crisis-hardened CEO of JPMorgan is urging the administration to mollify markets by showing progress on trade deals.

By Bloomberg