Industry News

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For DIY investors who want to mix traditional assets with alts, there's a new IRA
NEWS INDUSTRY NEWS AUG 14, 2024
For DIY investors who want to mix traditional assets with alts, there's a new IRA

New retirement product is designed to make modern portfolio diversification easier.

By Steve Randall
Bond traders await US inflation data to reinforce bullish wagers
NEWS INDUSTRY NEWS AUG 14, 2024
Bond traders await US inflation data to reinforce bullish wagers

Higher CPI would suggest a more dovish Fed.

By Bloomberg
Is Google about to be broken up by US justice department?
NEWS INDUSTRY NEWS AUG 14, 2024
Is Google about to be broken up by US justice department?

Either way, its search business will never be quite the same again.

By Bloomberg
Trading platform could be the K-pop of online brokerages
NEWS INDUSTRY NEWS AUG 14, 2024
Trading platform could be the K-pop of online brokerages

South Korean firm wants to disrupt US market.

By Bloomberg
Advisor booted after taking cash from fraternal order for own use
NEWS BROKER DEALERS AUG 13, 2024
Advisor booted after taking cash from fraternal order for own use

The advisor "converted approximately $9,000 of chapter funds for his personal use," according to Finra.

By Bruce Kelly
Trump, Harris vie for votes with tax policy tit-for-tat
NEWS INDUSTRY NEWS AUG 13, 2024
Trump, Harris vie for votes with tax policy tit-for-tat

The warring Democratic and Republican camps have floated a generous child tax break and ending taxes on Social Security, among other proposals.

By Bloomberg
World Investment Advisors bolsters leadership with new CFO
NEWS INDUSTRY NEWS AUG 13, 2024
World Investment Advisors bolsters leadership with new CFO

The firm recently known as Pensionmark is looking to its next phase of growth with a leader experienced in complex M&A transactions.

By Leo Almazora
Stocks climb as July PPI stokes Fed speculation
NEWS INDUSTRY NEWS AUG 13, 2024
Stocks climb as July PPI stokes Fed speculation

The latest read from the Bureau of Labor Statistics shows muted gains in producer prices, supporting hopes of a September cut.

By Bloomberg
Janus Henderson acquires majority stake in $6B global private credit manager
NEWS INDUSTRY NEWS AUG 13, 2024
Janus Henderson acquires majority stake in $6B global private credit manager

Firm says asset-backed lending is a significant market opportunity.

By Steve Randall
State Street names leader for its largest business, Investment Services
NEWS INDUSTRY NEWS AUG 13, 2024
State Street names leader for its largest business, Investment Services

Internal appointment recognizes role in driving business success.

By Steve Randall
Wealthtech firms partner up to help advisors enhance tech capabilities
NEWS INDUSTRY NEWS AUG 13, 2024
Wealthtech firms partner up to help advisors enhance tech capabilities

Firms have a shared vision for 'democratizing access to wealth management tools.'

By Steve Randall
Investors still bullish on big tech despite market volatility
NEWS INDUSTRY NEWS AUG 13, 2024
Investors still bullish on big tech despite market volatility

BofA survey also shows continued expectation of a soft landing for US.

By Bloomberg
Oil prices could ease as IEA data suggests surplus ahead
NEWS INDUSTRY NEWS AUG 13, 2024
Oil prices could ease as IEA data suggests surplus ahead

It all depends on OPEC+ plan to hike supplies.

By Bloomberg
B. Riley misses report to regulators as it struggles to value assets
NEWS INDUSTRY NEWS AUG 13, 2024
B. Riley misses report to regulators as it struggles to value assets

Investment firm is under SEC investigation.

By Bloomberg
Worried about the job market? It's time to build emergency savings
NEWS INDUSTRY NEWS AUG 12, 2024
Worried about the job market? It's time to build emergency savings

While a healthcare worker might not spend very long being unemployed, the same might not be the case for a tech worker, and there is a case for up to 18 months' of savings.

By Emile Hallez
Downside protected ETF battle continues to heat up
NEWS INDUSTRY NEWS AUG 12, 2024
Downside protected ETF battle continues to heat up

Convertible bond specialist Calamos has big plans for its new line of buffer ETFs.

By Gregg Greenberg
Riley chief tells advisors he's "not naive" to franchise deal fallout
NEWS BROKER DEALERS AUG 12, 2024
Riley chief tells advisors he's "not naive" to franchise deal fallout

It's unusual for brokerage chiefs or senior officers to admit any shortcomings in their operations.

By Bruce Kelly
Citi to sell off wealth unit’s trust administration services
NEWS INDUSTRY NEWS AUG 12, 2024
Citi to sell off wealth unit’s trust administration services

The banking giant’s decision comes shortly after news that a key member of its leadership is leaving after just four months.

By Leo Almazora
Macro uncertainty, muted earnings outlook to weigh on stocks, warns Morgan Stanley strategist
NEWS INDUSTRY NEWS AUG 12, 2024
Macro uncertainty, muted earnings outlook to weigh on stocks, warns Morgan Stanley strategist

S&P 500 seen to stay range-bound as seasonal weakness and Fed fears start to creep in.

By Bloomberg
LPL kicks off biggest-ever conference at Focus 2024
NEWS INDUSTRY NEWS AUG 12, 2024
LPL kicks off biggest-ever conference at Focus 2024

The three-day agenda for the San Diego event includes a brand-new visual identity, 200 breakout sessions, and discussions around AI and cybersecurity.

By Leo Almazora