Industry News

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RIA M&A continues to roll in 2024
NEWS RIAS JUL 22, 2024
RIA M&A continues to roll in 2024

"The big theme is that the industry is still in fourth inning of the consolidation ball game," says one executive.

By Bruce Kelly
Advisors assess "Harris Trade" after Biden's departure from Presidential race
NEWS INDUSTRY NEWS JUL 22, 2024
Advisors assess "Harris Trade" after Biden's departure from Presidential race

Wall Street has come to a consensus on the "Trump Trade." But which sectors will be winners if the Vice President wins the election?

By Gregg Greenberg
“Greatest bubble” set to burst, says expert
NEWS INDUSTRY NEWS JUL 22, 2024
“Greatest bubble” set to burst, says expert

CIO highlights indicators behind what he believes is a shift in the market.

By Jonalyn Cueto
Volatility likely for markets but the 'Trump Trade' remains for now
NEWS INDUSTRY NEWS JUL 22, 2024
Volatility likely for markets but the 'Trump Trade' remains for now

Volatility likely for markets but the ‘Trump Trade’ remains for now.

By Steve Randall
S&P 500 set for new energy during earnings season
NEWS INDUSTRY NEWS JUL 22, 2024
S&P 500 set for new energy during earnings season

Bloomberg Live Pulse survey shows increased confidence.

By Bloomberg
Tremors in the bond markets
NEWS INDUSTRY NEWS JUL 22, 2024
Tremors in the bond markets

With geopolitics throwing in curveballs, what’s ahead?

By Bloomberg
Asset managers' main AI benefit will not be investment performance, says Moody's
NEWS INDUSTRY NEWS JUL 22, 2024
Asset managers' main AI benefit will not be investment performance, says Moody's

But there are significant gains for firms that embrace the technology.

By Steve Randall
Banking system resilience efforts weakening warns FSB
NEWS INDUSTRY NEWS JUL 22, 2024
Banking system resilience efforts weakening warns FSB

Hedge funds and private credit firms' vulnerabilities not fully known.

By Bloomberg
Higher rates on cash could cost LPL $380 million: analyst
NEWS BROKER DEALERS JUL 19, 2024
Higher rates on cash could cost LPL $380 million: analyst

"This would effectively be a reset in earnings," the analyst wrote.

By Bruce Kelly
Why RMIs give clients peace of mind
NEWS INDUSTRY NEWS JUL 19, 2024
Why RMIs give clients peace of mind

When markets are getting crushed., nothing promotes peace of mind like a pile of cash in an account, according to Kevin Grimes, of Grimes & Company.

By Emily Douglas
Global computer outage impacts banks, airlines early Friday
NEWS INDUSTRY NEWS JUL 19, 2024
Global computer outage impacts banks, airlines early Friday

Cybersecurity program crash, Microsoft cloud issue stalled business.

By Bloomberg
Are we ignoring a US economic crisis that could emerge by 2030?
NEWS INDUSTRY NEWS JUL 19, 2024
Are we ignoring a US economic crisis that could emerge by 2030?

By Steve Randall
American pension funds indirectly supporting Russian LNG exports
NEWS INDUSTRY NEWS JUL 19, 2024
American pension funds indirectly supporting Russian LNG exports

Uncomfortable link prompts calls for greater clarity.

By Bloomberg
Managed accounts consolidation is inevitable, says Cerulli
NEWS INDUSTRY NEWS JUL 18, 2024
Managed accounts consolidation is inevitable, says Cerulli

With three-fifths of survey respondents expecting a unified environment in at least two years, platform providers have to work hard to win advisors over.

By Leo Almazora
Blackstone prepping new funds for retail market
NEWS ALTERNATIVES JUL 18, 2024
Blackstone prepping new funds for retail market

"With a big name like Blackstone, it's easier for a broker-dealer or RIA to get behind that brand," says industry executive.

By Bruce Kelly
Most investors remain bullish but concerned about inflation, skeptical on rate cuts
NEWS INDUSTRY NEWS JUL 18, 2024
Most investors remain bullish but concerned about inflation, skeptical on rate cuts

Morgan Stanley survey reveals mega-caps driving sentiment.

By Steve Randall
Whistleblower awarded more than $37M by SEC
NEWS INDUSTRY NEWS JUL 18, 2024
Whistleblower awarded more than $37M by SEC

Agency says award reflects importance of the program.

By Steve Randall
Celebrations can be costly, most Americans would rather not risk their financial wellbeing
NEWS INDUSTRY NEWS JUL 18, 2024
Celebrations can be costly, most Americans would rather not risk their financial wellbeing

How the rise of 'loud budgeting' is tackling potentially awkward conversations.

By Steve Randall
Markets underestimating risk of rising shipping costs
NEWS INDUSTRY NEWS JUL 18, 2024
Markets underestimating risk of rising shipping costs

Nomura warns of notable upward pressure on inflation.

By Bloomberg
ESG fund launches show sharp slowdown
NEWS INDUSTRY NEWS JUL 18, 2024
ESG fund launches show sharp slowdown

Only around100 funds launched through to the end of May.

By Bloomberg