Industry News

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Luxury stocks decline, market awaits Fed rates decision
NEWS INDUSTRY NEWS MAR 20, 2024
Luxury stocks decline, market awaits Fed rates decision

The latest Federal Open Market Committee decision on rates is due at 2 p.m. in Washington.

By Bloomberg
How much can you make working for a crypto firm?
NEWS INDUSTRY NEWS MAR 20, 2024
How much can you make working for a crypto firm?

US is most generous with six-figure compensation packages.

By Bloomberg
Why pre-retirees with a plan are better off in retirement
NEWS RETIREMENT PLANNING MAR 19, 2024
Why pre-retirees with a plan are better off in retirement

T. Rowe Price report reinforces benefits of formal financial planning on retirement wealth, confidence, and more for 401(k) participants.

By Leo Almazora
Raymond James taps Paul Reilly's successor
NEWS BROKER DEALERS MAR 19, 2024
Raymond James taps Paul Reilly's successor

Company announces only the fourth chief executive in its history.

By Bruce Kelly
B-D network Wentworth closes deal to go public
NEWS BROKER DEALERS MAR 19, 2024
B-D network Wentworth closes deal to go public

Using the company's stock creates opportunities for financing deals, CEO says

By Bruce Kelly
With $67T in liquid assets, US stays on top of the world
NEWS INDUSTRY NEWS MAR 19, 2024
With $67T in liquid assets, US stays on top of the world

Report details top cities for centimillionaires and billionaires, including wealth hot spots to watch and real estate leaders.

By Leo Almazora
Getting a family to the table to discuss giving is tougher than it sounds
NEWS INDUSTRY NEWS MAR 19, 2024
Getting a family to the table to discuss giving is tougher than it sounds

'It's really that transparent conversation that's the key to making sure that we utilize these different strategies that are in place,' an advisor says.

By Gregg Greenberg
Investors bullish despite election uncertainty: CFP Board
NEWS INDUSTRY NEWS MAR 19, 2024
Investors bullish despite election uncertainty: CFP Board

A CFP Board survey found six out of seven advisors say their clients are optimistic.

By Leo Almazora
Infrastructure investment is primed for growth, with private investors essential
NEWS INDUSTRY NEWS MAR 19, 2024
Infrastructure investment is primed for growth, with private investors essential

Last year was challenging for the asset class but the trajectory remains positive.

By Steve Randall
Investors are in a risk-on mood: BofA
NEWS INDUSTRY NEWS MAR 19, 2024
Investors are in a risk-on mood: BofA

A survey of fund manages shows rising preference for Europe, emerging markets stocks.

By Bloomberg
Barings blasts asset manager Corinthia over ‘corporate raid’
NEWS ALTERNATIVES MAR 18, 2024
Barings blasts asset manager Corinthia over ‘corporate raid’

The MassMutual subsidiary filed legal action as an aggressive recruitment strategy threatens its status in the private credit space.

By Leo Almazora
Has UBS missed the US wealth management M&A boom?
NEWS BROKER DEALERS MAR 18, 2024
Has UBS missed the US wealth management M&A boom?

Recent history shows that wealth management deals by giant banks like UBS can produce mixed results.

By Bruce Kelly
Rising oil has advisors adjusting energy allocations
NEWS INDUSTRY NEWS MAR 18, 2024
Rising oil has advisors adjusting energy allocations

Portfolio manager recommends 70/30 split between traditional and alternative energy over next few decades.

By Gregg Greenberg
Realta Wealth continues to bolster leadership team since rebrand
NEWS INDUSTRY NEWS MAR 18, 2024
Realta Wealth continues to bolster leadership team since rebrand

Broker-dealer formerly known as CoastalOne changed its name in January.

By Steve Randall
Markets optimistic ahead of Fed meeting
NEWS INDUSTRY NEWS MAR 18, 2024
Markets optimistic ahead of Fed meeting

The central bank will announce its latest rates decision this week.

By Bloomberg
Commodity trading profits pass $100B globally
NEWS INDUSTRY NEWS MAR 18, 2024
Commodity trading profits pass $100B globally

Last year marks the second-best year for the industry.

By Bloomberg
Is a college education still a sound investment?
NEWS INDUSTRY NEWS MAR 18, 2024
Is a college education still a sound investment?

Study considered the average annual return on a degree versus a high school diploma.

By Steve Randall
Osaic, Securities America fined by Finra over cybersecurity
NEWS BROKER DEALERS MAR 15, 2024
Osaic, Securities America fined by Finra over cybersecurity

The regulator fined the firms $150,000 each for failures related to protecting thousands of clients’ private information and cybersecurity gaffes.

By Bruce Kelly
UBS has more diversified business than Morgan Stanley: JPMorgan analysts
NEWS WIREHOUSES MAR 15, 2024
UBS has more diversified business than Morgan Stanley: JPMorgan analysts

The Swiss bank has a better wealth management franchise than Morgan Stanley outside the U.S., JPMorgan analysts say.

By Bloomberg
What do clients really want? And what is their biggest dissatisfaction?  
NEWS PRACTICE MANAGEMENT MAR 15, 2024
What do clients really want? And what is their biggest dissatisfaction?  

Top demands vary between millionaires and the mass market.

By Steve Randall