Industry News

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First Horizon names new head of wealth management, private banking
NEWS INDUSTRY NEWS APR 11, 2024
First Horizon names new head of wealth management, private banking

Experienced leader will lead the $65 billion wealth management unit.

By Steve Randall
Goldman Sachs loses another long-term senior leader
NEWS BROKER DEALERS APR 11, 2024
Goldman Sachs loses another long-term senior leader

FT reports that the firm's global treasurer is to join Millennium.

By Bloomberg
Goldman, Morgan Stanley now expect China to perform better
NEWS INDUSTRY NEWS APR 11, 2024
Goldman, Morgan Stanley now expect China to perform better

Wall Street analysts see opportunity as Chinese economy shows potential.

By Bloomberg
Among financial challenges, Americans say inflation hurts worst
NEWS INDUSTRY NEWS APR 10, 2024
Among financial challenges, Americans say inflation hurts worst

New survey reveals three-quarters feeling the pinch from higher prices, with economic uncertainty impacting tax refunds and spending plans.

By Leo Almazora
Fidelity unveils for-teens, by-teens thematic baskets
NEWS INDUSTRY NEWS APR 10, 2024
Fidelity unveils for-teens, by-teens thematic baskets

Billed as an industry first, the investing giant’s new thematic lineup targets three sectors and trends that are on next-gen investors’ radar.

By Leo Almazora
Don’t repeat 2016 fiduciary rule mistake, NAIFA urges DOL
NEWS REGULATION AND LEGISLATION APR 10, 2024
Don’t repeat 2016 fiduciary rule mistake, NAIFA urges DOL

'Real-world experience' shows impact of fiduciary standard on Main Street investors, advisor association warns.

By Leo Almazora
LPL's Atria deal poses complexities: Report
NEWS BROKER DEALERS APR 10, 2024
LPL's Atria deal poses complexities: Report

Atria's financial advisors might be getting M&A 'whiplash,' one recruiter notes.

By Bruce Kelly
Higher-than-expected core CPI likely pushes back Fed rate cuts
NEWS INDUSTRY NEWS APR 10, 2024
Higher-than-expected core CPI likely pushes back Fed rate cuts

The 0.4% rise in March's core consumer price index adds to evidence that progress on taming inflation may be stalling.

By Bloomberg
Global VC funding down 30% amid investor concerns
NEWS INDUSTRY NEWS APR 10, 2024
Global VC funding down 30% amid investor concerns

Venture capital funding dropped 29% in the US, 40% in China, as slower economies, inflation weigh.

By Bloomberg
NYSE aims to attract 'exciting' Asian firms to list in US
NEWS EQUITIES APR 10, 2024
NYSE aims to attract 'exciting' Asian firms to list in US

Firms from Japan, South Korea, Indonesia, and Singapore could appear.

By Bloomberg
Blackstone deal for apartment REIT signals opportunities
NEWS ALTERNATIVES APR 09, 2024
Blackstone deal for apartment REIT signals opportunities

'It looks like Blackstone is value-investing and hunting,' a senior industry executive says.

By Bruce Kelly
Gen Z, millennials as likely to own crypto as real estate
NEWS INDUSTRY NEWS APR 09, 2024
Gen Z, millennials as likely to own crypto as real estate

Online poll of 4,000 adults reveals younger generations’ approaches to wealth-building, financial 'hacks,' and trusted financial sources.

By Leo Almazora
Three-fifths of millennials don't have a will or trust: Study
NEWS INDUSTRY NEWS APR 09, 2024
Three-fifths of millennials don't have a will or trust: Study

Survey of 15,000 millennials reveal a gap in generational planning as caregiving duties and homebuying struggles take their toll.

By Leo Almazora
Most US adults fear outliving their money more than death
NEWS RETIREMENT PLANNING APR 09, 2024
Most US adults fear outliving their money more than death

Concerns about inflation, Social Security, and taxes are stoking Americans’ financial anxiety, Allianz Life survey shows.

By Leo Almazora
Ron Carson stepping down as CEO of namesake RIA
NEWS RIAS APR 09, 2024
Ron Carson stepping down as CEO of namesake RIA

The founder of the national wealth firm is handing over the reins to Burt White, former chief investment officer at LPL.

By Leo Almazora
West Virginia stops banking with Citi, Northern Trust, over fossil fuels
NEWS ESG APR 09, 2024
West Virginia stops banking with Citi, Northern Trust, over fossil fuels

The state treasurer added four financial services firms to a list of those ineligible to provide banking services to the state because he says they 'boycott' the fossil fuels industry.

By Bloomberg
Wealth Enhancement Group announces new leaders as client assets surpass $81B
NEWS INDUSTRY NEWS APR 09, 2024
Wealth Enhancement Group announces new leaders as client assets surpass $81B

BlackRock's former head of income investing is among the appointments.

By Steve Randall
Mesirow eyes organic growth, new products with strategy leader appointment
NEWS INDUSTRY NEWS APR 09, 2024
Mesirow eyes organic growth, new products with strategy leader appointment

The firm's plans include further strategic hires and acquisitions.

By Steve Randall
Former Fed president James Bullard expects three rate cuts
NEWS INDUSTRY NEWS APR 09, 2024
Former Fed president James Bullard expects three rate cuts

Economic reports already justify cuts, the former central bank executive says.

By Bloomberg
Billionaire Branson's SPAC deals have cost him dearly
NEWS INDUSTRY NEWS APR 09, 2024
Billionaire Branson's SPAC deals have cost him dearly

British entrepreneur's net worth has tumbled around $5 billion.

By Bloomberg