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Social Security fixes include raising retirement age, taxable income cap: Conference Board
NEWS RETIREMENT PLANNING FEB 19, 2024
Social Security fixes include raising retirement age, taxable income cap: Conference Board

Report from policy think tank details the program's financial problems and suggests a number of reforms.

By Leo Almazora
A nomination makes someone feel ‘more included,’ manager says
NEWS INDUSTRY NEWS FEB 16, 2024
A nomination makes someone feel ‘more included,’ manager says

Nominations for the InvestmentNews Awards close on March 1.

By Josh Welsh
Trump fined $364M in New York civil fraud trial
NEWS INDUSTRY NEWS FEB 16, 2024
Trump fined $364M in New York civil fraud trial

The former president was also banned from running any business in the state for three years.

By Bloomberg
Goldman CEO Solomon’s pay surges 24 percent to $31M
NEWS BROKER DEALERS FEB 16, 2024
Goldman CEO Solomon’s pay surges 24 percent to $31M

The board lifted the CEO's pay after the firm's profit tumbled last year.

By Bloomberg
Wealth management division helps propel Empower to new records
NEWS RETIREMENT PLANNING FEB 16, 2024
Wealth management division helps propel Empower to new records

The 10-year-old firm has seen strong growth in its assets, client base, and earnings.

By Steve Randall
Older people lose $28B to scams, maybe due to a more trusting nature
NEWS INDUSTRY NEWS FEB 16, 2024
Older people lose $28B to scams, maybe due to a more trusting nature

University of Florida research reveals years of experience can be a bad thing.

By Steve Randall
Atlanta Fed president says rate cuts may not come for a while
NEWS INDUSTRY NEWS FEB 16, 2024
Atlanta Fed president says rate cuts may not come for a while

Raphael Bostic said Thursday that conditions remain uncertain.

By Bloomberg
Has a global investment bank banned the long weekend?
NEWS INDUSTRY NEWS FEB 16, 2024
Has a global investment bank banned the long weekend?

Not exactly, but four straight days at home are no longer allowed.

By Bloomberg
Is the worst over for office assets? CBRE thinks it might be
NEWS INDUSTRY NEWS FEB 16, 2024
Is the worst over for office assets? CBRE thinks it might be

The commercial real estate firm's CEO says return-to-office is boosting leasing.

By Bloomberg
Ex-Osaic veteran advisor barred by Finra
NEWS ALTERNATIVES FEB 15, 2024
Ex-Osaic veteran advisor barred by Finra

'A lawyer may tell an advisor like this, there's no upside in responding to Finra, just leave the industry,' says a senior brokerage executive.

By Bruce Kelly
Pathstone snaps up Crestone Capital in $3B deal
NEWS RIAS FEB 15, 2024
Pathstone snaps up Crestone Capital in $3B deal

The employee-owned RIA will see its AUA balloon past $100 billion as it builds a 'true multi-generational family office experience.'

By Leo Almazora
Tony Robbins praises private equity in his search for 'The Holy Grail of Investing'
NEWS INDUSTRY NEWS FEB 15, 2024
Tony Robbins praises private equity in his search for 'The Holy Grail of Investing'

The financial author and motivational speaker interviewed more than a dozen private equity giants to discover how they made their billions.

By Gregg Greenberg
Allworth Financial announces partnership with $300M firm
NEWS INDUSTRY NEWS FEB 15, 2024
Allworth Financial announces partnership with $300M firm

The deal brings the growing RIA firm's total acquisitions to 34.

By Steve Randall
Mercer Advisors welcomes five RIA industry veterans
NEWS RIAS FEB 15, 2024
Mercer Advisors welcomes five RIA industry veterans

The new executives have experience at some of the biggest industry names.

By Steve Randall
Earnings help stocks advance in early trade Thursday
NEWS EQUITIES FEB 15, 2024
Earnings help stocks advance in early trade Thursday

Big tech helped US market gain in previous session.

By Bloomberg
Citi hails private fund tokenization pilot as a success
NEWS FINTECH FEB 15, 2024
Citi hails private fund tokenization pilot as a success

The proof of concept could accelerate blockchain tech on Wall Street.

By Bloomberg
Japan in recession, no longer world's third-largest economy
NEWS INDUSTRY NEWS FEB 15, 2024
Japan in recession, no longer world's third-largest economy

Despite negative rates, the economy has unexpectedly weakened.

By Bloomberg
Fidelity Charitable reveals record year in philanthropic giving
NEWS INDUSTRY NEWS FEB 14, 2024
Fidelity Charitable reveals record year in philanthropic giving

Annual report shows donors made $11.8 billion in grants from Fidelity's donor-advised funds last year.

By Leo Almazora
Another setback for Schwab as net new assets decline again
NEWS BROKER DEALERS FEB 14, 2024
Another setback for Schwab as net new assets decline again

The firm saw a year-over-year drop of 65 percent in new asset flows in January, including a steep slowdown in core net new assets.

By Leo Almazora
Alt managers’ push to advisors hits resistance at some B-Ds
NEWS ALTERNATIVES FEB 14, 2024
Alt managers’ push to advisors hits resistance at some B-Ds

‘When I got here in 2016, I had no idea who the alternative investment sponsors were,’ says Jamie Price of Osaic.

By Bruce Kelly