Industry News

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Miracle Mile names new chief investment officer
NEWS RIAS APR 18, 2024
Miracle Mile names new chief investment officer

The Los Angeles-based RIA’s latest hire will steer its investment research initiatives as the firm continues to court high-net-worth clients.

By Leo Almazora
Bankrupt GWG bonds not right for anyone: Finra arbitrator
NEWS ALTERNATIVES APR 18, 2024
Bankrupt GWG bonds not right for anyone: Finra arbitrator

By 2020, 'GWG had shown years of losses and large negative cash flows,' a securities arbitrator writes.

By Bruce Kelly
As EV adoption races higher, is it time to charge into electricity investments?
NEWS INDUSTRY NEWS APR 18, 2024
As EV adoption races higher, is it time to charge into electricity investments?

The three hottest investment areas over the past few years – crypto, AI and EVs – all require a ton of electricity.

By Gregg Greenberg
Steward adds $488M with twin acquisitions
NEWS INDUSTRY NEWS APR 18, 2024
Steward adds $488M with twin acquisitions

The hybrid’s new deals expand its presence in the Virginia and Ohio markets.

By Leo Almazora
HSA enrollees use health care services differently than those with PPOs, research shows
NEWS INDUSTRY NEWS APR 18, 2024
HSA enrollees use health care services differently than those with PPOs, research shows

EBRI research also looks at spending for the two types of plan.

By Steve Randall
Sotheby's claims a first with $700M securitization backed by art-secured loans
NEWS INDUSTRY NEWS APR 18, 2024
Sotheby's claims a first with $700M securitization backed by art-secured loans

Art financing unit announces groundbreaking milestone.

By Steve Randall
Correction for Nvidia, chip stocks index
NEWS INDUSTRY NEWS APR 18, 2024
Correction for Nvidia, chip stocks index

The darlings of the market in recent years are facing challenges.

By Bloomberg
Fed's slower pace spreads to emerging markets
NEWS INDUSTRY NEWS APR 18, 2024
Fed's slower pace spreads to emerging markets

Rate cut bets in major Asian markets have eased.

By Bloomberg
Chili Peppers, Neil Young fund sells $2B catalog for a song
NEWS INDUSTRY NEWS APR 18, 2024
Chili Peppers, Neil Young fund sells $2B catalog for a song

Concord to buy struggling Hipgnosis fund for around $1.4B.

By Bloomberg
What Americans don't know about finance is costing them dearly
NEWS INDUSTRY NEWS APR 17, 2024
What Americans don't know about finance is costing them dearly

Poll of 2,000 US adults finds financial knowledge gaps lead to thousands of dollars in losses, especially for Gen Z and millennials.

By Leo Almazora
SEC dings Minnesota investment manager over pay-to-play conflict
NEWS RIAS APR 17, 2024
SEC dings Minnesota investment manager over pay-to-play conflict

'Is four grand really going to influence a politician’s thinking?' one consultant asks.

By Bruce Kelly
Spontaneous DAF contributions ignite more giving
NEWS INDUSTRY NEWS APR 17, 2024
Spontaneous DAF contributions ignite more giving

Vanguard Charitable research spanning tens of thousands of donor-advised fund accounts reveals the catalytic impact of gifts.

By Leo Almazora
Trump Media: A great stock to avoid altogether, advisors say
NEWS INDUSTRY NEWS APR 17, 2024
Trump Media: A great stock to avoid altogether, advisors say

Stock is a 'great way to destroy wealth' but that may not stop some of the former president's supporters.

By Emile Hallez
Envestnet shares up 9% as reports suggest it's in talks to sell to PE
NEWS FINTECH APR 17, 2024
Envestnet shares up 9% as reports suggest it's in talks to sell to PE

Wealth management technology company has reportedly hired Morgan Stanley as advisor.

By Steve Randall
Rents still rising but investors are seeing slower annual increases: CoreLogic
NEWS INDUSTRY NEWS APR 17, 2024
Rents still rising but investors are seeing slower annual increases: CoreLogic

Latest CoreLogic Single-Family Rent Index reveals where rents are increasing the most.

By Steve Randall
Stocks gain as focus shifts from rates to earnings
NEWS INDUSTRY NEWS APR 17, 2024
Stocks gain as focus shifts from rates to earnings

S&P futures up 0.3% on hopes of a rebound after three days of losses.

By Bloomberg
Morgan Stanley downplays AML scrutiny for wealth clients
NEWS WIREHOUSES APR 17, 2024
Morgan Stanley downplays AML scrutiny for wealth clients

CEO says it's nothing new to be talking to regulators.

By Bloomberg
Women are struggling with health and wealth woes
NEWS RETIREMENT PLANNING APR 16, 2024
Women are struggling with health and wealth woes

Second-year poll of adult women shows financial and health-related concerns, with bipartisan support for federal policy solutions.

By Leo Almazora
Powell indicates delay in Fed rate cuts
NEWS INDUSTRY NEWS APR 16, 2024
Powell indicates delay in Fed rate cuts

The Fed chair said that if price pressures persist, the central bank can keep rates steady 'as long as needed.'

By Bloomberg
Fiduciary Institute shapes next-gen advisors with leadership course
NEWS PRACTICE MANAGEMENT APR 16, 2024
Fiduciary Institute shapes next-gen advisors with leadership course

The program seeks to build on the vision articulated by industry icon Dick Wagner.

By Leo Almazora