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ESG mandated US funds posted $9B outflows in Q1
NEWS INDUSTRY NEWS APR 25, 2024
ESG mandated US funds posted $9B outflows in Q1

First three months of 2024 was challenging for sustainable funds.

By Bloomberg
International exporters to US set to win amid dollar gains
NEWS INDUSTRY NEWS APR 25, 2024
International exporters to US set to win amid dollar gains

While other international stocks are pressured, exporters should win.

By Bloomberg
Two words that turned $8.99 into a cool million dollars
NEWS INDUSTRY NEWS APR 25, 2024
Two words that turned $8.99 into a cool million dollars

A think tank intern's crypto bet was a most unusual 'investment'.

By Bloomberg
Concurrent invests in tomorrow with leadership hires
NEWS PRACTICE MANAGEMENT APR 24, 2024
Concurrent invests in tomorrow with leadership hires

The hybrid RIA appoints industry vets to its bench as it emphasizes commitment to growth, next-gen talent, and succession.

By Leo Almazora
New DOL rule no big deal, says Stifel's Kruszewski
NEWS BROKER DEALERS APR 24, 2024
New DOL rule no big deal, says Stifel's Kruszewski

"It appears to be less restrictive than what was proposed," says CEO.

By Bruce Kelly
Concord ups the ante on Hipgnosis takeover battle
NEWS ALTERNATIVES APR 24, 2024
Concord ups the ante on Hipgnosis takeover battle

The music rights investor increased its bid to own the London-listed company’s enviable library of songs from iconic acts.

By Bloomberg
Future Proof unveils plans for Miami event
NEWS ALTERNATIVES APR 24, 2024
Future Proof unveils plans for Miami event

The Future Proof Citywide Event next year will assemble over 2,500 stakeholders across the wealth, alternatives, and fintech spaces.

By Leo Almazora
Tifin taps another LPL leadership alum to its C-suite
NEWS FINTECH APR 24, 2024
Tifin taps another LPL leadership alum to its C-suite

The leading AI and wealth technology provider has announced Jeannette Kuda as its new chief operating officer.

By Leo Almazora
Trump Media doubles down on illegal short-selling claims
NEWS INDUSTRY NEWS APR 24, 2024
Trump Media doubles down on illegal short-selling claims

Parent company of Truth Social has flagged concerns that so-called "naked" short sales are happening.

By Bloomberg
Millennials, Gen Z starting earlier on ‘serious’ financial planning
NEWS PRACTICE MANAGEMENT APR 24, 2024
Millennials, Gen Z starting earlier on ‘serious’ financial planning

Compared to boomers, younger generations are getting quicker starts to equipped themselves for their financial journeys.

By Leo Almazora
NEWS ADVISOR MOVES APR 24, 2024
Carson Group welcomes new CFO to executive leadership team

By Steve Randall
NEWS LIFE INSURANCE AND ANNUITIES APR 24, 2024
Retirement income from four sources is expected by half of future retirees

Advisors should help clients consider retirement surprises, survey suggests.

By Steve Randall
Ultra-rich tax to save Social Security? Swing state voters in favor
NEWS INDUSTRY NEWS APR 24, 2024
Ultra-rich tax to save Social Security? Swing state voters in favor

Ideas such as a billionaire tax prove popular in Bloomberg poll.

By Bloomberg
SEC wants to impose record $5.3B fine on crypto firm, founder
NEWS INDUSTRY NEWS APR 24, 2024
SEC wants to impose record $5.3B fine on crypto firm, founder

Failed TerraUSD stablecoin penalty would be crypto's highest to date.

By Bloomberg
Why energy traders are returning to metals
NEWS INDUSTRY NEWS APR 24, 2024
Why energy traders are returning to metals

Copper and aluminum among commodities expected to gain.

By Bloomberg
Weak yen has been good for equity investors, but now it's a risk
NEWS INDUSTRY NEWS APR 24, 2024
Weak yen has been good for equity investors, but now it's a risk

Japan's currency continues to depreciate and it’s causing issues.

By Bloomberg
Nationwide’s Eric Henderson set to step down
NEWS RETIREMENT PLANNING APR 23, 2024
Nationwide’s Eric Henderson set to step down

The president of the financial giant’s annuity business is exiting at the end of 2024, capping off a transformative four-decade career.

By Leo Almazora
Advisor recruiting getting "irrational," says Ameriprise CEO
NEWS RIAS APR 23, 2024
Advisor recruiting getting "irrational," says Ameriprise CEO

"I do believe that the market is very competitive," says Ameriprise CEO Cracchiolo.

By Bruce Kelly
Showtime for HSBC’s wealth strategy as it unveils NYC office
NEWS INDUSTRY NEWS APR 23, 2024
Showtime for HSBC’s wealth strategy as it unveils NYC office

The banking services giant is making a statement to high-net-worth and ultra-affluent individuals with its flagship center in New York.

By Leo Almazora
Fidelity hits HSA record amid assets, adoption boom
NEWS RETIREMENT PLANNING APR 23, 2024
Fidelity hits HSA record amid assets, adoption boom

Firm is now the second-largest provider of health savings accounts, with HAS assets quadrupling to $24B since 2020.

By Leo Almazora