Industry News

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Revealed: The best workplaces for US financial advisors in 2024
NEWS INDUSTRY NEWS FEB 28, 2024
Revealed: The best workplaces for US financial advisors in 2024

With offerings ranging from team-based cultures to flexible work models and personalized career pathways, these wealth firms are standing out in the race for talent.

By Leo Almazora
Retirement savers finished 2023 on a high note, Fidelity says
NEWS RETIREMENT PLANNING FEB 28, 2024
Retirement savers finished 2023 on a high note, Fidelity says

Three-quarters of eligible workers made contributions to their accounts amid near-universal inclusion of Roth options in workplace savings plans.

By Leo Almazora
Pensions vital to solve brewing retirement crisis, says think tank
NEWS RETIREMENT PLANNING FEB 28, 2024
Pensions vital to solve brewing retirement crisis, says think tank

Immediate fixes to crumbling workplace pension and Social Security systems required, report says.

By Leo Almazora
Americans are reducing spending, dipping into savings: Wells Fargo
NEWS INDUSTRY NEWS FEB 28, 2024
Americans are reducing spending, dipping into savings: Wells Fargo

The cost of living means many are having to make tough choices.

By Steve Randall
Trio of challenges keeping millions from a key part of the American dream
NEWS INDUSTRY NEWS FEB 28, 2024
Trio of challenges keeping millions from a key part of the American dream

The will to become a homeowner remains strong, but the way is blocked.

By Steve Randall
Sam Bankman-Fried thinks he should get maximum 6.5 years in jail
NEWS INDUSTRY NEWS FEB 28, 2024
Sam Bankman-Fried thinks he should get maximum 6.5 years in jail

FTX co-founder is likely to get at least 10 years, according to experts.

By Bloomberg
The art of long-term investing
NEWS INDUSTRY NEWS FEB 28, 2024
The art of long-term investing

Christopher Tsai, founder of Tsai Capital, explains the philosophy behind his laser-focused portfolio and the benefits of art investing for high-net-worth clients.

By Emily Douglas
Time to break the silence on generational wealth: Edward Jones
NEWS PRACTICE MANAGEMENT FEB 27, 2024
Time to break the silence on generational wealth: Edward Jones

Research finds nearly half of parents with adult children plan to leave an inheritance, but only a quarter have had the wealth talk.

By Leo Almazora
BlackRock says more active management needed in ‘new regime’
NEWS INDUSTRY NEWS FEB 27, 2024
BlackRock says more active management needed in ‘new regime’

Higher interest rates, persistent inflation and more geopolitical risk offer active managers a bigger opportunity to beat simple buy-and-hold portfolios, according to BlackRock analysts.

By Bloomberg
Veteran dealmaker Nesvold lands at Emigrant Bank
NEWS RIAS FEB 27, 2024
Veteran dealmaker Nesvold lands at Emigrant Bank

Part of her focus will be to 'cultivate and elevate the story' of Emigrant Bank in the wealth management industry, she says.

By Bruce Kelly
Minnesota advisor charged in alleged $1.6M wire fraud
NEWS REGULATION AND LEGISLATION FEB 27, 2024
Minnesota advisor charged in alleged $1.6M wire fraud

An FBI investigation finds the advisor embezzled money meant for clients’ investment accounts to finance her house-flipping business.

By Leo Almazora
Veteran advisor vanishes with wife while sailing Caribbean
NEWS INDUSTRY NEWS FEB 27, 2024
Veteran advisor vanishes with wife while sailing Caribbean

Discovery of a violent scene in couple’s empty yacht off the coast of Grenada prompts police investigation of ‘tragic event.’

By Leo Almazora
Doctors and nurses staggered by impact of student loan payments
NEWS INDUSTRY NEWS FEB 27, 2024
Doctors and nurses staggered by impact of student loan payments

Faced with high student-debt-to-income ratios, health care professionals are having to reset their financial priorities.

By Leo Almazora
Next-gen medics to study free as Ruth Gottesman donates record $1B to medical school
NEWS INDUSTRY NEWS FEB 27, 2024
Next-gen medics to study free as Ruth Gottesman donates record $1B to medical school

The gift to Albert Einstein College in New York is the largest ever made to a US medical school.

By Steve Randall
AmeriFlex adds $400M firm to its growing RIA network
NEWS INDUSTRY NEWS FEB 27, 2024
AmeriFlex adds $400M firm to its growing RIA network

Hybrid firm in Centennial, Colorado, is building on a stellar year in 2023.

By Steve Randall
Strong US economy is driving global resilience, Yellen to say
NEWS INDUSTRY NEWS FEB 27, 2024
Strong US economy is driving global resilience, Yellen to say

The Treasury secretary will speak with global peers Tuesday in Sao Paulo, Brazil.

By Bloomberg
Black women are falling behind in their wealth-building journeys
NEWS INDUSTRY NEWS FEB 27, 2024
Black women are falling behind in their wealth-building journeys

While more than half of those surveyed want to leave an inheritance, student debt and hurdles to homeownership are holding them back.

By Leo Almazora
REIT sales tank, BDCs roll at start of 2024: Report
NEWS ALTERNATIVES FEB 26, 2024
REIT sales tank, BDCs roll at start of 2024: Report

Financial advisors' clients are turning to business development companies for better yields.

By Bruce Kelly
Retail investors begin 2024 on an optimistic note
NEWS INDUSTRY NEWS FEB 26, 2024
Retail investors begin 2024 on an optimistic note

Main Street investors are feeling bullish on U.S. stocks as confidence in an economic soft landing surges. Schwab survey finds.

By Leo Almazora
Cetera sweetens advisor growth offering with industry-first guarantee
NEWS BROKER DEALERS FEB 26, 2024
Cetera sweetens advisor growth offering with industry-first guarantee

The broker-dealer giant is providing a money-back guarantee to newly affiliated advisors and firms.

By Leo Almazora