Industry News

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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
LPL inks deal for First Horizon's broker-dealer business
NEWS INDUSTRY NEWS APR 07, 2025
LPL inks deal for First Horizon's broker-dealer business

The strategic agreement will see the regional bank transfer over support of its financial advisory business to LPL and its institutional services platform.

By Leo Almazora
Women to Watch Awards 2025: Nominations now open
NEWS INDUSTRY NEWS APR 07, 2025
Women to Watch Awards 2025: Nominations now open

Annual awards return to celebrate the women professionals driving progress in the financial advice industry. Submissions are open until June 13.

By InvestmentNews
Fidelity expands ETF shelf with muni bond strategies
NEWS ETFS APR 07, 2025
Fidelity expands ETF shelf with muni bond strategies

The new municipal debt offerings build on a growing trend of ETF use among advisors while tapping into investors' growing need for safety amid volatility.

By Leo Almazora
Jamie Dimon urges quick resolution to tariff turbulence
NEWS INDUSTRY NEWS APR 07, 2025
Jamie Dimon urges quick resolution to tariff turbulence

The JPMorgan CEO has joined a chorus of concerned voices speaking out on the risk of retaliation and other knock-on effects.

By Leo Almazora
S&P 500 swings wildly amid swirl of headlines
NEWS EQUITIES APR 07, 2025
S&P 500 swings wildly amid swirl of headlines

Index spirals 20 percent below its record high before rebounding as uncertainty grips investors.

By Bloomberg
Five Fed cuts this year?
NEWS INDUSTRY NEWS APR 07, 2025
Five Fed cuts this year?

Traders are betting on dramatic action as economy weakens.

By Bloomberg
Ackman slams Trump tariffs as mistake
NEWS INDUSTRY NEWS APR 07, 2025
Ackman slams Trump tariffs as mistake

Druckenmiller also reveals he does not support the president's policy.

By Bloomberg