Industry News

Displaying 35351 results
Why financial honesty is key to harmonious relationships
NEWS INDUSTRY NEWS FEB 06, 2025
Why financial honesty is key to harmonious relationships

Nearly half of single Americans think their net worth shapes their fate in dating, but the biggest financial green flags tell a different story.

By Leo Almazora
Osaic hit with class action over cash sweep payments
NEWS BROKER DEALERS FEB 06, 2025
Osaic hit with class action over cash sweep payments

The hybrid RIA is the latest firm to face allegations that it enriched itself at customers' expense by paying unfairly low interest rates in its cash sweep programs.

By Leo Almazora
LPL's Rich Steinmeier turns the page on CEO firing with eye on firm's growth
NEWS BROKER DEALERS FEB 06, 2025
LPL's Rich Steinmeier turns the page on CEO firing with eye on firm's growth

Installed after Dan Arnold's abrupt termination, the new leader at LPL Financial is highlighting the firm's refocusing on the individual advisor.

By Bloomberg
Pershing discussing move to control portion of broker-dealers’ cash.
NEWS CUSTODIAN FEB 06, 2025
Pershing discussing move to control portion of broker-dealers’ cash.

The clearing and custody giant is kicking the tires on new cash sweep plan with broker-dealer clients.

By Bruce Kelly
LPL, Raymond James boost advisor ranks anew
NEWS BROKER DEALERS FEB 06, 2025
LPL, Raymond James boost advisor ranks anew

LPL Financial welcomes a $345 million investment and planning team from Ameriprise as RayJay's employee advisor arm adds a seasoned Well Fargo breakaway.

By Leo Almazora
CFP Board CEO Keller retiring
NEWS INDUSTRY NEWS FEB 06, 2025
CFP Board CEO Keller retiring

The CFP Board will be searching for a replacement for CEO Kevin Keller who will be stepping down in April 2026.

By Gregg Greenberg
$3,000 gold record in sight on Trump 2.0 fears, Citi says
NEWS ALTERNATIVES FEB 06, 2025
$3,000 gold record in sight on Trump 2.0 fears, Citi says

Citi analysts project a historic high in three months as tariff and trade war threats fuel a rush for the haven metal.

By Bloomberg
Wealth Enhancement, Corient announce new acquisitions
NEWS RIAS FEB 06, 2025
Wealth Enhancement, Corient announce new acquisitions

Wealth Enhancement Group officially kicks off its 2025 deal season in the Pacific Northwest while Corient extends its reach in Pennsylvania

By Leo Almazora
Mercer taps LPL veteran Alisa Maute to lead advisor-client matchmaking
NEWS RIAS FEB 06, 2025
Mercer taps LPL veteran Alisa Maute to lead advisor-client matchmaking

Maute will oversee and expand the dedicated client development platoon that's powered record organic growth at the $69 billion RIA.

By Leo Almazora
ETF launches this week add to the bewildering array of available options
NEWS ETFS FEB 06, 2025
ETF launches this week add to the bewildering array of available options

Money markets, bonds, real estate, and the heating industry among new funds.

By Steve Randall
How do entrepreneurs with $19B revenues see the near-term future?
NEWS INDUSTRY NEWS FEB 06, 2025
How do entrepreneurs with $19B revenues see the near-term future?

UBS has been asking super-wealthy business owners about their plans.

By Steve Randall
JPMorgan study warns of tariff-induced market turbulence
NEWS INDUSTRY NEWS FEB 06, 2025
JPMorgan study warns of tariff-induced market turbulence

Stocks will also be impacted by inflation during volatile 2025.

By Bloomberg
More than 40,000 federal workers take Musk 'buyout' deal
NEWS INDUSTRY NEWS FEB 06, 2025
More than 40,000 federal workers take Musk 'buyout' deal

Union warns against being 'misled by slick talk from unelected billionaires'.

By Bloomberg
Why are economists fearing a resurgence of global inflation?
NEWS INDUSTRY NEWS FEB 06, 2025
Why are economists fearing a resurgence of global inflation?

Trade-related risks could be the spark that sends prices soaring again.

By Bloomberg
Fed says 22 Wall Street banks will be stress-tested
NEWS INDUSTRY NEWS FEB 06, 2025
Fed says 22 Wall Street banks will be stress-tested

Annual analysis of banking resilience has been announced.

By Bloomberg
Vanguard scores strategic wins with latest fee cuts
NEWS ETFS FEB 05, 2025
Vanguard scores strategic wins with latest fee cuts

The Pennsylvania-based fund giant stands to gain ground against rivals such as BlackRock while earning more goodwill from retail investors.

By Leo Almazora
Duke’s Cam Harvey pegs cost of portfolio rebalancing at $16B
NEWS RETIREMENT PLANNING FEB 05, 2025
Duke’s Cam Harvey pegs cost of portfolio rebalancing at $16B

Research finds mechanical shifts in exposures have given an edge to hedge funds and other speculators, leading to steep costs for pension funds.

By Bloomberg
Empower extends health services for retirement plan clients
NEWS RETIREMENT PLANNING FEB 05, 2025
Empower extends health services for retirement plan clients

With a new suite of health and benefit services, the company has moved well beyond its beginnings as a retirement plan record keeper.

By Emile Hallez
Altfest's president explains how advisors can use AI to their advantage
NEWS EQUITIES FEB 05, 2025
Altfest's president explains how advisors can use AI to their advantage

Using AI for tax and estate planning will enable advisors to spend more time with clients, Andrew Altfest says.

By Gregg Greenberg
Mess with pay, and advisors walk
NEWS OPINION FEB 05, 2025
Mess with pay, and advisors walk

UBS is looking to boost the firm’s bottom line even as some financial advisors search for greener pastures.

By Bruce Kelly