Industry News

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Commonwealth clocks big win in battle with SEC over revenue sharing
NEWS BROKER DEALERS APR 03, 2025
Commonwealth clocks big win in battle with SEC over revenue sharing

It’s been a tumultuous week for Commonwealth Financial Network, a leading independent broker-dealer.

By Bruce Kelly
Fed's Cook, Jefferson counsel vigilance amid continued uncertainty
NEWS INDUSTRY NEWS APR 03, 2025
Fed's Cook, Jefferson counsel vigilance amid continued uncertainty

With inflation and growth facing crosscurrents, the Federal Reserve leaders are favoring a data-dependent stance.

By Leo Almazora
CEO calls private equity in RIAs a 'mixed bag' amid M&A surge
NEWS RIAS APR 03, 2025
CEO calls private equity in RIAs a 'mixed bag' amid M&A surge

"Sometimes their time horizons are shorter than maybe the management team's time horizons, so those things can come into conflict."

By Andrew Cohen
Apple freefalls as Trump tariffs tear up supply lines
NEWS EQUITIES APR 03, 2025
Apple freefalls as Trump tariffs tear up supply lines

The iPhone maker suffered its worst single-day decline since 2020 as major suppliers in China, Vietnam, and India get caught in the economic crossfire.

By Leo Almazora
Retail traders rush to snap up tariff-shocked tech stocks
NEWS EQUITIES APR 03, 2025
Retail traders rush to snap up tariff-shocked tech stocks

Dip-buying frenzy comes even as broader pessimistic sentiment persists among individual investors.

By Bloomberg
ETF inflows hit Q1 record as investors seek shelter
NEWS ETFS APR 03, 2025
ETF inflows hit Q1 record as investors seek shelter

Investors pour into gold, bonds, and value funds as equity volatility and trade tensions reshape portfolios.

By Leo Almazora
Savvy surpasses $1.5B milestone, expanding team to 50 advisors
NEWS RIAS APR 03, 2025
Savvy surpasses $1.5B milestone, expanding team to 50 advisors

Newest additions from firms including Morgan Stanley, Farther, and Valeo come as firm stresses tech-enabled independence.

By Leo Almazora
US stocks plummet as tariffs wreak havoc
NEWS EQUITIES APR 03, 2025
US stocks plummet as tariffs wreak havoc

Major indices hit by selloff in morning trading.

By Chris Davis
Waverly expands in Boston as First Manhattan adds $500M RIA
NEWS RIAS APR 03, 2025
Waverly expands in Boston as First Manhattan adds $500M RIA

Waverly is making its debut in Massachusetts as the $34 billion New York-based independent onboards an experienced veteran.

By Leo Almazora
Brandon Zureick: Leading fixed income with discipline and vision
NEWS INDUSTRY NEWS APR 03, 2025
Brandon Zureick: Leading fixed income with discipline and vision

Meet a 2024 Rising Star shaping fixed income strategy with expertise, discipline, and innovation.

By InvestmentNews
How are commodities impacted by new tariffs?
NEWS INDUSTRY NEWS APR 03, 2025
How are commodities impacted by new tariffs?

With global trade upended, demand may crumble for some materials.

By Bloomberg
Precious metals' tariff exemption halts gold rush
NEWS INDUSTRY NEWS APR 03, 2025
Precious metals' tariff exemption halts gold rush

Traders have been rushing to get gold, silver into US for months.

By Bloomberg
Stablecoin bill advances in the House after years of waiting
NEWS INDUSTRY NEWS APR 03, 2025
Stablecoin bill advances in the House after years of waiting

Legislation will be debated in the coming months.

By Bloomberg
Need a cup of joe this morning? Enjoy it while you can
NEWS INDUSTRY NEWS APR 03, 2025
Need a cup of joe this morning? Enjoy it while you can

Prices are set to surge as tariffs hit major exporter to US.

By Bloomberg
Dow Jones futures plunge 1000 points, US assets take biggest hit from tariffs
NEWS INDUSTRY NEWS APR 03, 2025
Dow Jones futures plunge 1000 points, US assets take biggest hit from tariffs

Global markets are digesting Trump’s announcement but most pain felt at home

By Steve Randall
Wells Fargo plucks top recruiter from LPL
NEWS BROKER DEALERS APR 02, 2025
Wells Fargo plucks top recruiter from LPL

Farhad Firoozi is the latest in a long line of senior executives Wells Fargo Advisors has hired from rivals.

By Bruce Kelly
Barry Ritholtz highlights 'How Not To Invest' in new book
NEWS EQUITIES APR 02, 2025
Barry Ritholtz highlights 'How Not To Invest' in new book

Wealth manager and author Barry Ritholtz goes inside the ideas, numbers and behaviors that destroy wealth.

By Gregg Greenberg
Merrill loses two advisor teams managing more than $2B AUM
NEWS ADVISOR MOVES APR 02, 2025
Merrill loses two advisor teams managing more than $2B AUM

Raymond James, New Edge Advisors pick up wirehouse breakaways

By Steve Randall
Trump to impose minimum 10% global tariffs on US Imports
NEWS INDUSTRY NEWS APR 02, 2025
Trump to impose minimum 10% global tariffs on US Imports

In initial after-hours trading, US stocks futures plunged more than 3% and oil slumped.

By Bloomberg
What's keeping RIAs up at night? Ask the custodians they work with
NEWS PRACTICE MANAGEMENT APR 02, 2025
What's keeping RIAs up at night? Ask the custodians they work with

Shifting regulations, higher client expectations, and navigating growth challenges are just some of the issues confronting independent advisors.

By Leo Almazora