Industry News

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Target-date funds: Low fee doesn't equal low risk
NEWS OPINION OCT 04, 2023
Target-date funds: Low fee doesn't equal low risk

Three reasons why passive TDFs aren’t automatically the safer choice for DC plan fiduciaries

By Emily Cao
Parent of Sigma Financial rebrands as Axtella
NEWS RIAS OCT 04, 2023
Parent of Sigma Financial rebrands as Axtella

The company formerly known as SPS Family also owns Parkland Securities and RIA Sigma Planning.

By InvestmentNews
Hightower announces layoffs after summer of deals
NEWS RIAS OCT 04, 2023
Hightower announces layoffs after summer of deals

The cutbacks affecting roughly 5% of its employees are aimed at ensuring the long-term success of its business, Hightower says.

By Gregg Greenberg
Independent alpha: Making the breakaway math add up
NEWS OPINION OCT 04, 2023
Independent alpha: Making the breakaway math add up

Advisors who make the move to independence are forgoing massive recruitment bonuses. How can they justify this leap?

By Louis Diamond
Veritable, Empower advisors join Savvy Advisors as principal wealth managers
NEWS ADVISOR MOVES OCT 04, 2023
Veritable, Empower advisors join Savvy Advisors as principal wealth managers

The duo have partnered with the digital-first platform in the Philadelphia area.

By Steve Randall
Millions of Americans face a retirement income shortfall, Vanguard research warns
NEWS RETIREMENT PLANNING OCT 04, 2023
Millions of Americans face a retirement income shortfall, Vanguard research warns

The gap between need and ability is highlighted in inaugural report.

By Steve Randall
BofA report reveals easing of wealthy households' charitable giving
NEWS INDUSTRY NEWS OCT 04, 2023
BofA report reveals easing of wealthy households' charitable giving

Fewer affluent US households donated and the amounts were smaller.

By Bloomberg
House bill to double HSA limits slammed as perk for wealthy
NEWS RETIREMENT PLANNING OCT 03, 2023
House bill to double HSA limits slammed as perk for wealthy

Opponents say the legislation would do little to help most people.

By Emile Hallez
Go big or go boutique?
NEWS OPINION OCT 03, 2023
Go big or go boutique?

Here are questions financial advisors should consider before making a move.

By Tarah Williams
Creative Planning picks up $1 billion Pennsylvania RIA
NEWS RIAS OCT 03, 2023
Creative Planning picks up $1 billion Pennsylvania RIA

Kistler-Tiffany Advisors has been working with clients for nearly 50 years.

By Bruce Kelly
Edelman buys $425M Oklahoma City RIA
NEWS RIAS OCT 03, 2023
Edelman buys $425M Oklahoma City RIA

Align Wealth Management, founded in 1994, also has an office in St. Petersburg, Florida.

By InvestmentNews
Boom in new ETFs defies saturation warnings
NEWS MUTUAL FUNDS OCT 03, 2023
Boom in new ETFs defies saturation warnings

'Is this the year of the bond ETF? Certainly flows seem to be shouting that from the rooftops,' says VettaFi's Lara Crigger.

By Bloomberg
Nominations for Top Advisors 2024 now open
NEWS INDUSTRY NEWS OCT 03, 2023
Nominations for Top Advisors 2024 now open

InvestmentNews begins its inaugural search for the Top Advisors in the industry.

By InvestmentNews
Sanctuary Wealth hires ex-Morgan Stanley MD to recruit East Coast advisors
NEWS INDUSTRY NEWS OCT 03, 2023
Sanctuary Wealth hires ex-Morgan Stanley MD to recruit East Coast advisors

Industry veteran will focus on attracting elite wirehouse breakaways.

By Steve Randall
There could be another rate hike coming, says Cleveland Fed
NEWS INDUSTRY NEWS OCT 03, 2023
There could be another rate hike coming, says Cleveland Fed

One more increase may be required before year-end.

By Bloomberg
Goldman is latest Wall Street firm to flag rates impact on stocks
NEWS INDUSTRY NEWS OCT 03, 2023
Goldman is latest Wall Street firm to flag rates impact on stocks

Morgan Stanley and JPMorgan have also raised concerns.

By Bloomberg
Family office haven seizes $2B in money laundering probe
NEWS INDUSTRY NEWS OCT 03, 2023
Family office haven seizes $2B in money laundering probe

Singapore may tighten rules on foreign investors.

By Bloomberg
Bitcoin slips from 6-week peak after bond yields jump
NEWS INDUSTRY NEWS OCT 03, 2023
Bitcoin slips from 6-week peak after bond yields jump

By Bloomberg
Luxury watch investors favor Cartier over Rolex
NEWS INDUSTRY NEWS OCT 03, 2023
Luxury watch investors favor Cartier over Rolex

Investors are wary of overpricing in secondary markets.

By Bloomberg
Advisors increasingly rely on home office models, survey says
NEWS RIAS OCT 02, 2023
Advisors increasingly rely on home office models, survey says

With more allocation tools at their disposals, advisors are focusing on planning and growing their businesses, Fuse finds.

By Emile Hallez