Industry News

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Investors shun stagflation fears with record inflows to US equities
NEWS INDUSTRY NEWS MAR 15, 2024
Investors shun stagflation fears with record inflows to US equities

BofA strategists says $56 billion flowed into US equity funds in week ended March 13.

By Bloomberg
Millennium-backed fund bolsters fixed-income team with BofA hire
NEWS INDUSTRY NEWS MAR 15, 2024
Millennium-backed fund bolsters fixed-income team with BofA hire

Ilana Kaufman is reported to have been hired as a portfolio manager.

By Bloomberg
New Hampshire bars former Next Financial broker
NEWS ALTERNATIVES MAR 14, 2024
New Hampshire bars former Next Financial broker

The broker and Next Financial Group Inc. are on the hook for more than $1 million in penalties.

By Bruce Kelly
Oil markets facing supply deficit throughout 2024: IEA warns
NEWS INDUSTRY NEWS MAR 14, 2024
Oil markets facing supply deficit throughout 2024: IEA warns

A surplus had been expected but OPEC+ is set to make further cuts.

By Bloomberg
J.P. Morgan Asset Management hires industry veteran as chief ETF strategist
NEWS INDUSTRY NEWS MAR 14, 2024
J.P. Morgan Asset Management hires industry veteran as chief ETF strategist

Firm is boosting insights offering amid growing demand for exchange-traded funds.

By Steve Randall
Diversify enhances in-house platform amid growing advisor adoption
NEWS FINTECH MAR 14, 2024
Diversify enhances in-house platform amid growing advisor adoption

Firm says it can do better than the 'limitations' of other investment platforms.

By Steve Randall
CFP Board overhauls its sanctions and certification rules
NEWS INDUSTRY NEWS MAR 13, 2024
CFP Board overhauls its sanctions and certification rules

The professional body for financial planners says it's making changes to maintain fairness while serving the public’s best interest.

By Leo Almazora
Finra fines spike 63% in 2023: Report
NEWS BROKER DEALERS MAR 13, 2024
Finra fines spike 63% in 2023: Report

'Last year saw bigger Finra fines per case,' a lawyer says. 'Supersized fines, or those of $1 million or more, were up, and mega-sized fines, or those of $5 million and more, increased too.'

By Bruce Kelly
HSA balances continue to grow along with usage
NEWS RETIREMENT PLANNING MAR 13, 2024
HSA balances continue to grow along with usage

EBRI research reveals the benefits of matching contributions, the untapped power of investing balances, and the influence of age on usage.

By Leo Almazora
Stocks struggle to find direction after rally
NEWS EQUITIES MAR 13, 2024
Stocks struggle to find direction after rally

Tuesday's strong session on Wall Street has left equities without clarity.

By Bloomberg
UBS report shows decline in global art sales
NEWS INDUSTRY NEWS MAR 13, 2024
UBS report shows decline in global art sales

But the market still saw $65 billion in sales last year.

By Bloomberg
NFL union taps Ameriprise to work with players
NEWS BROKER DEALERS MAR 12, 2024
NFL union taps Ameriprise to work with players

'Something like this puts Ameriprise on the map in the competition among the regional firms and the independent broker-dealers,' one recruiter says.

By Bruce Kelly
Core inflation comes in higher than expected for second month
NEWS INDUSTRY NEWS MAR 12, 2024
Core inflation comes in higher than expected for second month

The latest consumer price index reinforces the Federal Reserve's cautious approach to cutting rates.

By Bloomberg
Gold standard drives Steward’s growth
NEWS INDUSTRY NEWS MAR 12, 2024
Gold standard drives Steward’s growth

Steward Partners CEO talks about the value of its equity ownership model, why the wirehouses have already lost, and plans to continue the firm’s M&A momentum.

By James Burton
Nomura private and public credit offerings brought together under new brand
NEWS INDUSTRY NEWS MAR 12, 2024
Nomura private and public credit offerings brought together under new brand

The change impacts the global firm’s operations in the Americas.

By Steve Randall
JPMorgan chief says US recession is not 'off the table' yet
NEWS INDUSTRY NEWS MAR 12, 2024
JPMorgan chief says US recession is not 'off the table' yet

Jamie Dimon believes expectation of a soft landing are too high.

By Bloomberg
Wristy business? Luxury watches turn back time
NEWS INDUSTRY NEWS MAR 12, 2024
Wristy business? Luxury watches turn back time

Report reveals demand for rare timepieces has weakened.

By Bloomberg
Financial insecurity among Americans hits new high
NEWS INDUSTRY NEWS MAR 11, 2024
Financial insecurity among Americans hits new high

With inflation leading their concerns, survey finds two-fifths of respondents are playing defense in their savings and investments.

By Leo Almazora
Limra partnership takes aim at life insurance, retirement plan fraud
NEWS RETIREMENT PLANNING MAR 11, 2024
Limra partnership takes aim at life insurance, retirement plan fraud

The collaboration aims to empower insurers, retirement service providers and other stakeholders against financial crime.

By Leo Almazora
RFG Advisory aims to be a leading name for independent advisors
NEWS INDUSTRY NEWS MAR 11, 2024
RFG Advisory aims to be a leading name for independent advisors

Hybrid firm adds trio to executive leadership team.

By Steve Randall