Industry News

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Morgan Stanley says luxury industry heading for downturn
NEWS INDUSTRY NEWS SEP 26, 2023
Morgan Stanley says luxury industry heading for downturn

Wall St. firm says demand for luxury items is set to slow.

By Bloomberg
All Schwab’s bond ETFs now cost just 3 basis points
NEWS MUTUAL FUNDS SEP 25, 2023
All Schwab’s bond ETFs now cost just 3 basis points

The company is cutting fees on two fixed-income exchange-traded funds.

By Bloomberg
Debt levels, economic concerns forcing Americans to make tough choices
NEWS PRACTICE MANAGEMENT SEP 25, 2023
Debt levels, economic concerns forcing Americans to make tough choices

A Thrivent survey finds 53% of respondents would take a job working harder and longer hours to make and save more over making less money, but having more free time to do what they love.

By Gregg Greenberg
Webinar for RIAs discusses annuities, retirement planning
NEWS RETIREMENT PLANNING SEP 25, 2023
Webinar for RIAs discusses annuities, retirement planning

The RIA LABS event looks at longevity risks and various products that can be used.

By Josh Welsh
SEC fines Deutsche Bank subsidiary $19M for not keeping ESG promises
NEWS PRACTICE MANAGEMENT SEP 25, 2023
SEC fines Deutsche Bank subsidiary $19M for not keeping ESG promises

'The industry deserves to have the scrutiny that’s being placed on it,' says Ethan Powell, founder and CEO of Impact Shares.

By Mark Schoeff Jr.
LPL recruits $260 million group focusing on 403(b) plans
NEWS RETIREMENT PLANNING SEP 25, 2023
LPL recruits $260 million group focusing on 403(b) plans

The diverse practice in Albuquerque, New Mexico, is led by financial advisor Angelo Burns.

By Bruce Kelly
Vanguard plans first new actively managed ETFs in two years
NEWS MUTUAL FUNDS SEP 25, 2023
Vanguard plans first new actively managed ETFs in two years

Both new products would focus on the fixed-income market.

By Bloomberg
Planning for retirement? Here’s what you should know
NEWS RETIREMENT PLANNING SEP 25, 2023
Planning for retirement? Here’s what you should know

Advisors gives retirement advice ahead of RIA LABS webinar.

By Josh Welsh
Nominations for Best Places to Work end Friday
NEWS INDUSTRY NEWS SEP 25, 2023
Nominations for Best Places to Work end Friday

Now in their seventh year, the awards highlight winning workplace cultures.

By InvestmentNews
Future Proof plants its flag in the advisor industry event circuit
NEWS INDUSTRY NEWS SEP 25, 2023
Future Proof plants its flag in the advisor industry event circuit

In its second year, the beachside conference attracted almost 3,000 attendees, nearly double last year’s attendance.

By Ryan W. Neal
Americans’ financial Independence Day takes decades, NCSU study reveals
NEWS INDUSTRY NEWS SEP 25, 2023
Americans’ financial Independence Day takes decades, NCSU study reveals

Millions of Americans will be relying on mom and dad for material support well into adulthood.

By Steve Randall
NFP acquires Divergent Wealth Advisors
NEWS RIAS SEP 25, 2023
NFP acquires Divergent Wealth Advisors

$675 million team headed by ex-Morgan Stanley alumni helps firm build presence in the West.

By Matthew Sellers
Wells Fargo attracting advisors to fast-growing indie channel
NEWS WIREHOUSES SEP 25, 2023
Wells Fargo attracting advisors to fast-growing indie channel

The Wall Street firm wants a bigger slice of the wealth management pie.

By Bloomberg
Are US consumer stocks facing shocks?
NEWS INDUSTRY NEWS SEP 25, 2023
Are US consumer stocks facing shocks?

Morgan Stanley's prominent equity bear says consumer spending will ease.

By Bloomberg
Oil price surge is bad news for EMs
NEWS INDUSTRY NEWS SEP 25, 2023
Oil price surge is bad news for EMs

The rise in prices may scupper outlooks of emerging market bulls.

By Bloomberg
What's happening in the gold markets right now?
NEWS INDUSTRY NEWS SEP 25, 2023
What's happening in the gold markets right now?

Unraveling of the relationship between gold and real interest rates could be a paradigm shift for the precious metal.

By Bloomberg
JPMorgan sees up to $150B inflows to India
NEWS INDUSTRY NEWS SEP 25, 2023
JPMorgan sees up to $150B inflows to India

India's fast-rising GDP among the attributes that make it so attractive.

By Bloomberg
The puzzle posed by annuities
NEWS RETIREMENT PLANNING SEP 25, 2023
The puzzle posed by annuities

Perhaps the lack of demand among clients is a function of a lack of understanding of annuities among advisors.

By InvestmentNews
TIAA hires six new leaders for wealth management team
NEWS RETIREMENT PLANNING SEP 22, 2023
TIAA hires six new leaders for wealth management team

The executives, all of whom are joining from other firms, will complement TIAA's current staff 'to help clients prepare for retirement and reach their financial goals,' an executive says.

By Ryan W. Neal
Climate Week's biggest news wasn't part of Climate Week
NEWS ESG SEP 22, 2023
Climate Week's biggest news wasn't part of Climate Week

Major regulations and legislation made headlines, and big asset managers faced protests over fossil fuels.

By Emile Hallez