Industry News

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Advisor movement declines 16.6% over first half
NEWS RIAS AUG 21, 2023
Advisor movement declines 16.6% over first half

The total of 6,757 advisors moving between advisory and brokerage firms in the first half is the lowest level seen in the data, which go back to 2009.

By Devin McGinley
Who are this year’s 'hottest'?
NEWS INDUSTRY NEWS AUG 21, 2023
Who are this year’s 'hottest'?

InvestmentNews is calling for entries for its inaugural Hot List showcase

By InvestmentNews
Goldman Sachs considers selling part of wealth business
NEWS RIAS AUG 21, 2023
Goldman Sachs considers selling part of wealth business

Potential sale of RIA unit comes with CEO David Solomon’s acumen and character under the spotlight.

By InvestmentNews
Social Security’s crucial role shadowed by new doubts
NEWS RETIREMENT PLANNING AUG 21, 2023
Social Security’s crucial role shadowed by new doubts

Crisis of confidence in the program is prompting many to claim benefits early.

By Mary Beth Franklin
Which Wall Street firm could be about to break up high-profit unit?
NEWS INDUSTRY NEWS AUG 21, 2023
Which Wall Street firm could be about to break up high-profit unit?

Major firm reportedly considering restructuring one of its key operations.

By Bloomberg
Wealth and asset firms expect US recession, weakened industry growth
NEWS INDUSTRY NEWS AUG 21, 2023
Wealth and asset firms expect US recession, weakened industry growth

Dual-industry surveys reveal some big challenges ahead.

By Steve Randall
Tsunami of new rules bears down on advisors
NEWS RIAS AUG 21, 2023
Tsunami of new rules bears down on advisors

With the SEC preparing to approve a number of major proposals next year, firms face added costs and a huge amount of compliance work.

By Mark Schoeff Jr.
Preparing for clients’ cognitive decline
NEWS RETIREMENT PLANNING AUG 21, 2023
Preparing for clients’ cognitive decline

Financial advisors often find themselves on the front lines of an effort to protect clients’ lifetime savings and investments from the consequences of impaired mental capacity.

By InvestmentNews
Mega-cap tech stocks post longest losing streak of 2023
NEWS INDUSTRY NEWS AUG 21, 2023
Mega-cap tech stocks post longest losing streak of 2023

Investors remain concerned about tighter policy amid stubborn inflation.

By Bloomberg
Bond bulls at JPMorgan, Allianz staying the course despite pain
NEWS INDUSTRY NEWS AUG 21, 2023
Bond bulls at JPMorgan, Allianz staying the course despite pain

Loading up on government bonds hasn't paid off, yet.

By Bloomberg
Grantham: 'Fed almost guaranteed to be wrong' on recession
NEWS INDUSTRY NEWS AUG 21, 2023
Grantham: 'Fed almost guaranteed to be wrong' on recession

Veteran investor Jeremey Grantham says the central bank is kidding itself if it thinks the economy will stay positive.

By Bloomberg
"Anti-ESG" investment firm hit with lawsuits
NEWS INDUSTRY NEWS AUG 21, 2023
"Anti-ESG" investment firm hit with lawsuits

GOP presidential hopeful also named as defendent.

By Matthew Sellers
Supporting the Sandwich Generation
NEWS INDUSTRY NEWS AUG 21, 2023
Supporting the Sandwich Generation

Join retirement expert Mary Beth Franklin and experts from Athene and Whealthcare Solutions as they focus on understanding the unique multi-generational challenges your clients can face.

By Athene
'Personal affinity' spurs advisor to help Maui wildfire recovery
NEWS INDUSTRY NEWS AUG 18, 2023
'Personal affinity' spurs advisor to help Maui wildfire recovery

A Wealthspire advisor launches campaign that has so far raised $30,000 for the island.

By Mark Schoeff Jr.
RBC snags giant $5.5 billion team from UBS in Atlanta
NEWS PRACTICE MANAGEMENT AUG 18, 2023
RBC snags giant $5.5 billion team from UBS in Atlanta

The ESOP Group, founded in 1989, specializes in working with business owners on the sale of their businesses.

By Bruce Kelly
Largest federal union backs O'Malley for Social Security commissioner
NEWS REGULATION AND LEGISLATION AUG 18, 2023
Largest federal union backs O'Malley for Social Security commissioner

The AFGE represents 43,000 employees of the Social Security Administration.

By Gregg Greenberg
Market performance pushes DB pension plans further into positive territory
NEWS INDUSTRY NEWS AUG 18, 2023
Market performance pushes DB pension plans further into positive territory

Milliman reports a further rise in defined-benefit plans' funded ratio.

By Steve Randall
Almost half of student loan debtors want more help to ease 'national crisis'
NEWS INDUSTRY NEWS AUG 18, 2023
Almost half of student loan debtors want more help to ease 'national crisis'

Even among those without outstanding education borrowing, a sizable share say it's a crisis.

By Steve Randall
Advisors shouldn't talk to clients about aging, most don't like it
NEWS RETIREMENT PLANNING AUG 18, 2023
Advisors shouldn't talk to clients about aging, most don't like it

Growing old ain't what it used to be, and neither is retirement planning.

By Steve Randall
Risk assets tumble as Fed, China cause concern
NEWS INDUSTRY NEWS AUG 18, 2023
Risk assets tumble as Fed, China cause concern

Markets being hit by a 'perfect storm' says Barclays analyst.

By Bloomberg