Industry News

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Lutnick was wrong about how low Tesla stock might fall
NEWS INDUSTRY NEWS APR 07, 2025
Lutnick was wrong about how low Tesla stock might fall

10% slump took Musk’s car maker to $214.80 early Monday.

By Bloomberg
Higher costs or no stock: American consumers face tariff turmoil
NEWS INDUSTRY NEWS APR 07, 2025
Higher costs or no stock: American consumers face tariff turmoil

Some goods will be more expensive, but some will disappear from shelves.

By Bloomberg
Bessent claims retirees not worried market rout will decimate their savings
NEWS RETIREMENT PLANNING APR 07, 2025
Bessent claims retirees not worried market rout will decimate their savings

But they were worried even before equities dropped sharply

By Steve Randall
After Friday’s market slump, things can't be any worse today can they?
NEWS INDUSTRY NEWS APR 07, 2025
After Friday’s market slump, things can't be any worse today can they?

Monday morning blues for wealth managers as tariff woes deepen

By Steve Randall
Is tech innovation the missing link to financial planning for advisors?
NEWS FINTECH APR 04, 2025
Is tech innovation the missing link to financial planning for advisors?

As holistic planning becomes table stakes, research reveals how the rising influence of AI and having a digital orientation can help wealth firms get ahead.

By Leo Almazora
Nasdaq 100 is now in bear market amid growth scare
NEWS INDUSTRY NEWS APR 04, 2025
Nasdaq 100 is now in bear market amid growth scare

Selloff deepens on Friday after Fed chair issues warning.

By Bloomberg
Raymond James reels in $828M team from RBC
NEWS BROKER DEALERS APR 04, 2025
Raymond James reels in $828M team from RBC

The firm's latest additions, including two brothers, bolster its employee advisor business in Scottsdale, Arizona.

By Leo Almazora
As estate planning demand grows, many advisors lack plans themselves
NEWS RIAS APR 04, 2025
As estate planning demand grows, many advisors lack plans themselves

Gap in their own financial planning risks harming clients.

By Andrew Cohen
Powell hints Fed warier of price shocks, but still holding on rate cuts
NEWS INDUSTRY NEWS APR 04, 2025
Powell hints Fed warier of price shocks, but still holding on rate cuts

The Federal Reserve chair said it continues to "wait for clarity" on Trump's tariff policies as their impact continues to reverberate.

By Bloomberg
Banks, wealth firms get walloped as tariff fear grips markets
NEWS EQUITIES APR 04, 2025
Banks, wealth firms get walloped as tariff fear grips markets

They may not be direct players in global trade, but financial firms still face secondary risks from broader economic tremors.

By Leo Almazora
Goldman opens new retail path to private equity with latest fund
NEWS ALTERNATIVES APR 04, 2025
Goldman opens new retail path to private equity with latest fund

The Wall Street giant's newest alts offering, launched under a "G-Series" branding, builds on a broader trend of investment firms looking to expand alts access to the masses.

By Leo Almazora
Treasuries rally as trade war fears smother solid jobs data
NEWS FIXED INCOME APR 04, 2025
Treasuries rally as trade war fears smother solid jobs data

Yields on the 10-year sank as bond investors price in a quarter-point rate cut by June, though it won't be an easy call for the Federal Reserve.

By Bloomberg
Washington-based advisor claims another win in non-compete battle vs. Hightower
NEWS RIAS APR 04, 2025
Washington-based advisor claims another win in non-compete battle vs. Hightower

Arbitrators rule non-compete clause was unenforceable as Bellevue advisor Lars Knudsen speaks out against "vindictive behavior."

By Leo Almazora
US equities downgraded by UBS with year-end target slashed
NEWS INDUSTRY NEWS APR 04, 2025
US equities downgraded by UBS with year-end target slashed

Asset manager cites impact of tariffs on US, global economies.

By Bloomberg
Trump could cut tariffs if countries make 'phenomenal' offers
NEWS INDUSTRY NEWS APR 04, 2025
Trump could cut tariffs if countries make 'phenomenal' offers

Negotiation potential has been boosted by tariffs, Trump says.

By Bloomberg
Why investors are dumping US junk corporate bonds
NEWS INDUSTRY NEWS APR 04, 2025
Why investors are dumping US junk corporate bonds

It's the worst rout for the market in five years.

By Bloomberg
Things just keep getting worse for Tesla
NEWS INDUSTRY NEWS APR 04, 2025
Things just keep getting worse for Tesla

'Unprecedented brand damage' weakens earnings estimate.

By Bloomberg
Cerity Partners expands again with its second acquisition of the week
NEWS INDUSTRY NEWS APR 04, 2025
Cerity Partners expands again with its second acquisition of the week

The RIA firm has added another 27 employees to its growing headcount

By Steve Randall
S&P 500 loses $2.5T in one ‘tariffying’ day while economists raise recession odds
NEWS INDUSTRY NEWS APR 04, 2025
S&P 500 loses $2.5T in one ‘tariffying’ day while economists raise recession odds

JPMorgan chief economist says policy is essentially largest tax hike in 57 years

By Steve Randall
Star advisors describe their rises from modest means
NEWS PRACTICE MANAGEMENT APR 03, 2025
Star advisors describe their rises from modest means

Financial advisors that rose from humble upbringings to run successful wealth management firms recount their stories.

By Gregg Greenberg