Industry News

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ICI floats '40 Act revamp to support middle-class wealth creation
NEWS INDUSTRY NEWS MAR 17, 2025
ICI floats '40 Act revamp to support middle-class wealth creation

Policy proposal offers recommendations on dual-share class funds, semi-transparent ETFs, and expanded flexibility for closed-end funds to include private market assets.

By Leo Almazora
Turbulence tests 60-40 strategy's limits
NEWS EQUITIES MAR 17, 2025
Turbulence tests 60-40 strategy's limits

With bonds failing to provide a safety net for steeply falling stock prices, many investors are letting go of their "set it and forget it" approach.

By Leo Almazora
More workers dipped into their retirement savings last year, Vanguard finds
NEWS RETIREMENT PLANNING MAR 17, 2025
More workers dipped into their retirement savings last year, Vanguard finds

Sneak peek into annual defined contribution plan report shows average participant balances reached an all-time high amid rising equity markets.

By Leo Almazora
Decades-old will leaves fate of late actor Gene Hackman's $80M fortune uncertain
NEWS INDUSTRY NEWS MAR 17, 2025
Decades-old will leaves fate of late actor Gene Hackman's $80M fortune uncertain

The iconic actor's death alongside his wife, Betsy Arakawa, leaves pressing questions about what happens next to his assets.

By Leo Almazora
Fallen tech stocks fail to entice wary investors
NEWS EQUITIES MAR 17, 2025
Fallen tech stocks fail to entice wary investors

Big tech firms like Alphabet and Amazon are trading at bargain valuations, but a risk-averse market has meant no one's biting.

By Bloomberg
Social Security Administration sets record straight on dead people getting benefits
NEWS RETIREMENT PLANNING MAR 17, 2025
Social Security Administration sets record straight on dead people getting benefits

Of millions of deaths reported yearly, just a fraction of a percent are "erroneously reported" cases that need to be corrected, the agency said.

By Leo Almazora
Trillions wiped off equities but don't worry, it’s 'healthy' says Bessent
NEWS INDUSTRY NEWS MAR 17, 2025
Trillions wiped off equities but don't worry, it’s 'healthy' says Bessent

US Treasury secretary says that markets will 'do great' over longer term.

By Steve Randall
How structured credit investments can help with diversification
NEWS FIXED INCOME MAR 17, 2025
How structured credit investments can help with diversification

Sam Reid from $26.7B AUM alts asset manager Canyon Partners shares insights.

By Steve Randall
Trump confirms sectoral, retaliatory tariffs for April 2
NEWS INDUSTRY NEWS MAR 17, 2025
Trump confirms sectoral, retaliatory tariffs for April 2

President says its will be a 'liberating day' for the US.

By Bloomberg
RBC strategists join peers in downbeat outlook for US stocks
NEWS INDUSTRY NEWS MAR 17, 2025
RBC strategists join peers in downbeat outlook for US stocks

Goldman, Deutsche, JPMorgan have also lowered outlooks for 2025.

By Bloomberg
UBS believes the gold run will go further as haven demand rises
NEWS INDUSTRY NEWS MAR 17, 2025
UBS believes the gold run will go further as haven demand rises

Asset manager has boosted its outlook in response to trade war escalation.

By Bloomberg
Money managers grapple with the new reality of sustainable investing
NEWS INDUSTRY NEWS MAR 17, 2025
Money managers grapple with the new reality of sustainable investing

But do they side with US sentiment or forge their own path?

By Bloomberg
Next generation of women advisors are 'wicked smart'
NEWS PRACTICE MANAGEMENT MAR 17, 2025
Next generation of women advisors are 'wicked smart'

It's about EQ not just IQ - four advisors look back at their own careers while offering hope for the new wave of talent coming through.

Trump eyes no taxes for Americans making less than $150k, says Lutnick
NEWS TAX MAR 14, 2025
Trump eyes no taxes for Americans making less than $150k, says Lutnick

The plan could offer $24,000 in relief for some taxpayers, but experts warn of consequences.

By Leo Almazora
No new trial for convicted GPB Capital executives
NEWS ALTERNATIVES MAR 14, 2025
No new trial for convicted GPB Capital executives

"I've seen lots of denial in this business but this GPB thing take the cake," says one industry executive.

By Bruce Kelly
BlackRock-led deal for Panama Ports draws ire from China
NEWS INDUSTRY NEWS MAR 14, 2025
BlackRock-led deal for Panama Ports draws ire from China

Commentary from state-owned publication blasts sale to investor consortium as "spineless groveling," denting Hong Kong-based firm's stock.

By Leo Almazora
Gold soars past $3,000 as Trump turbocharges record rally
NEWS ALTERNATIVES MAR 14, 2025
Gold soars past $3,000 as Trump turbocharges record rally

Higher interest rates and a strong US dollar, which traditionally act as headwinds, haven't deterred market-stung investors from seeking refuge in the yellow metal.

By Bloomberg
Lipper Awards crown fund industry's top performers
NEWS MUTUAL FUNDS MAR 14, 2025
Lipper Awards crown fund industry's top performers

The fundworld's finest came together in style last night as LSEG Lipper named their top managers and fund families.

By Gregg Greenberg
Edward Jones hit with lawsuit claiming discrimination against white advisors
NEWS BROKER DEALERS MAR 14, 2025
Edward Jones hit with lawsuit claiming discrimination against white advisors

Former advisor alleges an incentive for veteran advisors to give business to women and nonwhite rookies disadvantages straight white male advisors.

By Leo Almazora
New York to toughen up laws to make up for weakened CFPB
NEWS INDUSTRY NEWS MAR 14, 2025
New York to toughen up laws to make up for weakened CFPB

AG Letitia James proposes new consumer protection legislation.

By Matthew Sellers