Industry News

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Wall Street strategists weigh in after Powell's power move
NEWS EQUITIES SEP 20, 2024
Wall Street strategists weigh in after Powell's power move

The financial world reacts to the Federal Reserve's first reduction in rates since 2020.

By Gregg Greenberg
More client complaints settled involving former Triad, now Osaic, broker
NEWS REGULATION AND LEGISLATION SEP 20, 2024
More client complaints settled involving former Triad, now Osaic, broker

"I reiterate that I disagree with the allegations made in these suits," says Jim Walesa.

By Bruce Kelly
KPIs, data are critical for a RIA’s practice valuation
NEWS PRACTICE MANAGEMENT SEP 20, 2024
KPIs, data are critical for a RIA’s practice valuation

“Understanding what drives value for your business can become powerful information,” says RIA Lab panelist.

By Josh Welsh
GOP 'woke week' advances package of anti-ESG bills
NEWS REGULATION AND LEGISLATION SEP 20, 2024
GOP 'woke week' advances package of anti-ESG bills

House Republicans passed legislation this week that would potentially tamp down on sustainable investing options within retirement plans.

By Emile Hallez
Cerity Partners expands again through merger with VC firm
NEWS INDUSTRY NEWS SEP 20, 2024
Cerity Partners expands again through merger with VC firm

The deal will enable Cerity to enhance its offering to corporations and businesses.

By Steve Randall
Texas based $3.9B RIA firm True North announces expansion
NEWS INDUSTRY NEWS SEP 20, 2024
Texas based $3.9B RIA firm True North announces expansion

The firm has made its first acquisition since securing a strategic growth partnership.

By Steve Randall
Alternatives market set to exceed $30T by 2030, says Preqin forecast
NEWS INDUSTRY NEWS SEP 20, 2024
Alternatives market set to exceed $30T by 2030, says Preqin forecast

Secondaries is expected to see fastest growth while PE and VC weaken.

By Steve Randall
European stocks stumble post-Fed amid earnings, economy concerns
NEWS INDUSTRY NEWS SEP 20, 2024
European stocks stumble post-Fed amid earnings, economy concerns

Euphoria over rate cuts replaced by reality checks.

Bubble risk in equities, buy bonds and gold says BofA
NEWS INDUSTRY NEWS SEP 20, 2024
Bubble risk in equities, buy bonds and gold says BofA

Strategist Michael Hartnett warning over rising risk.

Big three US money managers cut ESG support
NEWS INDUSTRY NEWS SEP 20, 2024
Big three US money managers cut ESG support

State Street, Vanguard, BlackRock all rejected more proposals.

Donald Trump vows to restore SALT write-off at Long Island campaign stop
NEWS TAX SEP 19, 2024
Donald Trump vows to restore SALT write-off at Long Island campaign stop

The Republican presidential nominee pledged to restore the deduction that his signature tax law ended up curbing during his administration.

By Bloomberg
No need for a series of large interest rate cuts, says fixed income expert
NEWS FIXED INCOME SEP 19, 2024
No need for a series of large interest rate cuts, says fixed income expert

"Recession is not a base case scenario over the quarters ahead."

By Josh Welsh
BlackRock strategists taking defensive measures ahead of rising volatility
NEWS EQUITIES SEP 19, 2024
BlackRock strategists taking defensive measures ahead of rising volatility

A pair of BlackRock portfolio specialists explain why they are dialing down risk in their model portfolios.

By Gregg Greenberg
Younger planners more willing to adapt to client needs
NEWS PRACTICE MANAGEMENT SEP 19, 2024
Younger planners more willing to adapt to client needs

Industry has slowly evolved into less tangible aspects, says advisor after FPA report.

By Emile Hallez
Broker-dealer charged by SEC over Reg BI violations agrees $325K civil penalty
NEWS INDUSTRY NEWS SEP 19, 2024
Broker-dealer charged by SEC over Reg BI violations agrees $325K civil penalty

Charges relate to recommendations of a specific type of derivative security.

By Steve Randall
Citi Private Bank study reveals priorities for family offices
NEWS INDUSTRY NEWS SEP 19, 2024
Citi Private Bank study reveals priorities for family offices

Seven key themes have emerged from the new research.

By Steve Randall
Wall Street got the cut it expected but uncertainties still rule
NEWS INDUSTRY NEWS SEP 19, 2024
Wall Street got the cut it expected but uncertainties still rule

Stocks and bonds gained post-Fed but quickly eased.

Investors confident that stock rally will endure to year end
NEWS INDUSTRY NEWS SEP 19, 2024
Investors confident that stock rally will endure to year end

But it's unlikely the S&P 500 will rise above 6000, poll suggests.

Asian currencies index highest since July 2023 after Fed cut
NEWS INDUSTRY NEWS SEP 19, 2024
Asian currencies index highest since July 2023 after Fed cut

Further appreciation is anticipated by strategists.

Green bonds are failing to drive real change, report claims
NEWS INDUSTRY NEWS SEP 19, 2024
Green bonds are failing to drive real change, report claims

Global market is worth $4 trillion, but how much difference does it make?