Industry News

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Clearstead comes to Chicago with Waveland Family Office deal
NEWS RIAS FEB 04, 2025
Clearstead comes to Chicago with Waveland Family Office deal

Acquisition brings the high-net-worth giant's assets up to the $47-billion mark while giving it a fresh foothold in the Illinois market.

By Leo Almazora
US consumers, businesses are more positive on economy, stock market
NEWS INDUSTRY NEWS FEB 04, 2025
US consumers, businesses are more positive on economy, stock market

Separate polls reveals overall optimism but some major concerns remain.

By Steve Randall
Citizens expands UHNW wealth capabilities by launching Delaware trust company
NEWS INDUSTRY NEWS FEB 04, 2025
Citizens expands UHNW wealth capabilities by launching Delaware trust company

Experienced leader Jennifer Cuva is heading up the new operation.

By Steve Randall
US-China trade war begins, but Beijing response is muted so far
NEWS INDUSTRY NEWS FEB 04, 2025
US-China trade war begins, but Beijing response is muted so far

Targeted measures announced in response to Trump tariffs.

By Bloomberg
Take profit in these tech stocks or risk 20% drop, warns Morgan Stanley
NEWS INDUSTRY NEWS FEB 04, 2025
Take profit in these tech stocks or risk 20% drop, warns Morgan Stanley

Investors should act to protect their portfolios amid trade tensions risk.

By Bloomberg
Markets not fully pricing in inflation risk from tariffs, warns UBS chief
NEWS INDUSTRY NEWS FEB 04, 2025
Markets not fully pricing in inflation risk from tariffs, warns UBS chief

Sergio Ermotti says potential rate hikes could be among the curveballs.

By Bloomberg
Wealthy Americans are buying more diamonds at last
NEWS INDUSTRY NEWS FEB 04, 2025
Wealthy Americans are buying more diamonds at last

De Beers sees improvement after several years of subdued demand.

By Bloomberg
A clarifying time for sustainable investing
NEWS ESG FEB 03, 2025
A clarifying time for sustainable investing

Big fund companies have backed off of ESG, and US funds have closed amid political pressure and as investors have pulled money from them. The funds that remain reveal which managers are committed.

By Emile Hallez
SEC lawyers will need leadership's green light for formal probes
NEWS REGULATION AND LEGISLATION FEB 03, 2025
SEC lawyers will need leadership's green light for formal probes

In a move that risks slowing down enforcement, staff must reportedly first get a thumbs up from the commission's newly installed Republican-led leadership before formally undertaking investigations.

By Leo Almazora
iCapital forges alts platform partnership with Apollo
NEWS ALTERNATIVES FEB 03, 2025
iCapital forges alts platform partnership with Apollo

Collaboration comes as the alternatives-focused tech provider rolls out other enhancements to its leading portfolio construction tool.

By Leo Almazora
How Merchant Investment Management supports RIAs and their life's work
NEWS RIAS FEB 03, 2025
How Merchant Investment Management supports RIAs and their life's work

Co-founder and managing partner Tim Bello offers perspective on RIA deals, Merchant's "lifecycle equity partners" model, and why the industry could see more capital providers come in.

By Leo Almazora
Trump sets sovereign wealth fund plan in motion
NEWS ALTERNATIVES FEB 03, 2025
Trump sets sovereign wealth fund plan in motion

A newly signed executive action would see the strategic fund created in the next 12 months, with the scion of Apollo founder Ben Black slated to take the helm.

By Bloomberg
Financial advisors see more trade 'spat' than war, but still prepare for the worst
NEWS EQUITIES FEB 03, 2025
Financial advisors see more trade 'spat' than war, but still prepare for the worst

Trump administration tariffs on Mexico and Canada shocked the market, but advisors remain nonplussed for now.

By Gregg Greenberg
B. Riley plans to spin off investment bank taking shape
NEWS BROKER DEALERS FEB 03, 2025
B. Riley plans to spin off investment bank taking shape

“Bryant Riley’s strength is that he’s an amazing dealmaker and originator,” an industry executive said.

By Bruce Kelly
Vanguard's average fee drops to 0.07% after biggest-ever cut
NEWS ETFS FEB 03, 2025
Vanguard's average fee drops to 0.07% after biggest-ever cut

The Jack Bogle-founded firm expects its decision to slash costs for dozens of mutual funds and ETFs will save investors $350 million this year alone.

By Bloomberg
LPL nabs $600M Osaic team to continue recruiting momentum
NEWS BROKER DEALERS FEB 03, 2025
LPL nabs $600M Osaic team to continue recruiting momentum

The broker-dealer giant is pressing on with its strategy to attract advisors as a Connecticut-based team joins its network.

By Leo Almazora
CW Advisors bolsters Boston-area footprint with double acquisition
NEWS RIAS FEB 03, 2025
CW Advisors bolsters Boston-area footprint with double acquisition

The $11 billion RIA's latest partnerships add $800 million in assets while widening its national network to include 14 offices.

By Leo Almazora
Advisor AI startup Jump completes $20M Series A funding
NEWS FINTECH FEB 03, 2025
Advisor AI startup Jump completes $20M Series A funding

The firm founded by serial fintech entrepreneurs aims to capitalize on its rise to leadership with continued innovation and expanded capacity to meet demand.

By Leo Almazora
As Trump's tariffs take effect, what might it mean for US investors?
NEWS INDUSTRY NEWS FEB 03, 2025
As Trump's tariffs take effect, what might it mean for US investors?

Inflation is one of the key concerns as major trade partners prepare retaliation.

By Steve Randall
US pension system is among the best in the world, but there are nine better
NEWS RETIREMENT PLANNING FEB 03, 2025
US pension system is among the best in the world, but there are nine better

New analysis of 71 pension systems finds US approach needs some reform.

By Steve Randall