Industry News

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Advisors not seeing a spending slowdown
NEWS INDUSTRY NEWS OCT 30, 2023
Advisors not seeing a spending slowdown

'If anything, rising interest rates have dramatically increased the income [retirees] are able to generate from their cash and fixed-income investments, which has improved their cash flow,' an advisor says.

By Gregg Greenberg
Former UBS leader becomes new CEO at Advisor Credit Exchange
NEWS INDUSTRY NEWS OCT 30, 2023
Former UBS leader becomes new CEO at Advisor Credit Exchange

Co-founder Peter Stanton remains with the firm as strategic advisor.

By Steve Randall
Schroders Capital launches $30B private debt and credit business
NEWS INDUSTRY NEWS OCT 30, 2023
Schroders Capital launches $30B private debt and credit business

Led by US co-heads, the unit aims to meet investor demand for diverse assets.

By Steve Randall
Fed expected to pause again, key global data ahead
NEWS INDUSTRY NEWS OCT 30, 2023
Fed expected to pause again, key global data ahead

The central bank's FOMC committee is meeting from Tuesday.

By Bloomberg
Jamie Dimon to sell $141M JPMorgan shares
NEWS INDUSTRY NEWS OCT 30, 2023
Jamie Dimon to sell $141M JPMorgan shares

The disposal is for diversification and tax-planning purposes.

By Bloomberg
It’s time to short European bank stocks, say Wall Street strategists
NEWS INDUSTRY NEWS OCT 30, 2023
It’s time to short European bank stocks, say Wall Street strategists

The sector has been performing well but this could be about to change.

By Bloomberg
What will AI do to quants? Here's what $23T investors think
NEWS INDUSTRY NEWS OCT 30, 2023
What will AI do to quants? Here's what $23T investors think

Invesco survey considers the pros and cons of emerging technology.

By Bloomberg
LPL's Arnold eyes 'opportunity' created by Schwab integration of TD
NEWS BROKER DEALERS OCT 27, 2023
LPL's Arnold eyes 'opportunity' created by Schwab integration of TD

LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.

By Bruce Kelly
Fiduciary Trust expands its $94B firm to ‘Wall Street South’
NEWS INDUSTRY NEWS OCT 27, 2023
Fiduciary Trust expands its $94B firm to ‘Wall Street South’

The Franklin Templeton subsidiary says the South Florida market is an important one.

By Steve Randall
With yields above 5%, is it safe to buy bonds again?
NEWS INDUSTRY NEWS OCT 27, 2023
With yields above 5%, is it safe to buy bonds again?

Despite potential of more pain to come, investors may decide the time is right.

By Bloomberg
‘10 Surprises’ strategist Byron Wien dies at 90
NEWS INDUSTRY NEWS OCT 27, 2023
‘10 Surprises’ strategist Byron Wien dies at 90

The influential Wall Street legend was most recently with Blackstone.

By Bloomberg
Most Americans have sidelined their emergency savings this year, Bankrate says
NEWS INDUSTRY NEWS OCT 27, 2023
Most Americans have sidelined their emergency savings this year, Bankrate says

Many people have dipped into their rainy day fund due to the cost of living.

By Steve Randall
Ameriprise sees impressive growth in third quarter
NEWS BROKER DEALERS OCT 26, 2023
Ameriprise sees impressive growth in third quarter

Client assets are up 15%, while cash sweep and certificate balances are down $5.8 billion from the year-ago period.

By Josh Welsh
Collapsed crypto exchange founder in court Thursday
NEWS INDUSTRY NEWS OCT 26, 2023
Collapsed crypto exchange founder in court Thursday

Bankman-Fried to take the stand in courtroom climax.

By Bloomberg
Medical care costs adds to pain for working-age Americans
NEWS INDUSTRY NEWS OCT 26, 2023
Medical care costs adds to pain for working-age Americans

More than half found paying for healthcare difficult in 2023.

By Bloomberg
Why bitcoin ETF approval could spark profit taking
NEWS INDUSTRY NEWS OCT 26, 2023
Why bitcoin ETF approval could spark profit taking

While the markets await an SEC green light, the crypto is gaining for now.

By Bloomberg
JPMorgan appoints new M&A leaders for PE-focused unit
NEWS INDUSTRY NEWS OCT 26, 2023
JPMorgan appoints new M&A leaders for PE-focused unit

The duo will lead the bank's strategic investor group.

By Bloomberg
New carbon rules may wipe out investor value, warns $220B firm
NEWS INDUSTRY NEWS OCT 26, 2023
New carbon rules may wipe out investor value, warns $220B firm

Enhanced carbon offset reporting may decimate value of some projects.

By Bloomberg
Last week to nominate the best advisors
NEWS INDUSTRY NEWS OCT 25, 2023
Last week to nominate the best advisors

InvestmentNews’ inaugural Top Advisors is closing this Friday.

By InvestmentNews
BlackRock agrees to pay $2.5M to settle SEC probe into entertainment investments
NEWS INDUSTRY NEWS OCT 25, 2023
BlackRock agrees to pay $2.5M to settle SEC probe into entertainment investments

Wealth management titan charged with failing to accurately describe investments.

By Steve Randall