Industry News

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Goldman says its ESG stock-picking model wins most of the time
NEWS INDUSTRY NEWS SEP 11, 2024
Goldman says its ESG stock-picking model wins most of the time

Circular economy is an important part of the equation.

JPMorgan leads banks stocks lower as Pinto tempers earnings expectations
NEWS EQUITIES SEP 10, 2024
JPMorgan leads banks stocks lower as Pinto tempers earnings expectations

The remarks at an industry conference Tuesday sent the Wall Street bank on its biggest intraday tumble in more than four years.

By Bloomberg
Investors claiming "emotional distress damages" win lawsuit involving GWG bonds
NEWS FIXED INCOME SEP 10, 2024
Investors claiming "emotional distress damages" win lawsuit involving GWG bonds

"This is one of the largest emotional distress damages awarded in Finra’s history,” says attorney.

By Bruce Kelly
September is historically a scary month for stocks. Why not "market time" it?
NEWS EQUITIES SEP 10, 2024
September is historically a scary month for stocks. Why not "market time" it?

September seasonality is once again weighing on stocks. Advisors discuss how they handle the market's trickiest month.

By Gregg Greenberg
Women to Watch 2024 excellence awardees revealed
NEWS WOMEN ADVISOR COMMUNITY SEP 10, 2024
Women to Watch 2024 excellence awardees revealed

The fifth annual awards night on November 6 will celebrate the best and brightest women in the financial services industry. Did you make the list?

By Josh Welsh
Why advisors are turning to customized portfolios
NEWS RIAS SEP 10, 2024
Why advisors are turning to customized portfolios

Advisors delve into the pros and cons as survey reveals what they believe is setting them apart from competitors.

By Josh Welsh
Traders nervous ahead of Harris-Trump debate
NEWS INDUSTRY NEWS SEP 10, 2024
Traders nervous ahead of Harris-Trump debate

Volatility likely in election run-up, but what's ahead?

Wages could rise fastest in two decades if firms' budgets are as projected
NEWS INDUSTRY NEWS SEP 10, 2024
Wages could rise fastest in two decades if firms' budgets are as projected

Barometer of salary budget increases reveals strong intentions for 2025.

By Steve Randall
Millions of homeowners could face financial struggle from extreme weather event
NEWS INDUSTRY NEWS SEP 10, 2024
Millions of homeowners could face financial struggle from extreme weather event

Large share of owners say they would go into debt just to pay insurance deductible.

By Steve Randall
Former Invesco, Merrill veteran joins $17B RIA to lead marketing
NEWS RIAS SEP 10, 2024
Former Invesco, Merrill veteran joins $17B RIA to lead marketing

New CMO plans to drive growth at Atlanta based firm.

By Steve Randall
Big branches flex their muscle
NEWS BROKER DEALERS SEP 10, 2024
Big branches flex their muscle

Latest splits from broker-dealers a sign that perhaps more executives and advisors from these giant branches want to enjoy the fruits of the private equity funds flooding the industry.

By Bruce Kelly
Student debt defaults set for a comeback
NEWS INDUSTRY NEWS SEP 09, 2024
Student debt defaults set for a comeback

Legal challenges to student loan forgiveness programs and data on consumer debt point to a profound reckoning for borrowers.

By Leo Almazora
Gensler warns advisors and BDs about AI washing ... again
NEWS REGULATION AND LEGISLATION SEP 09, 2024
Gensler warns advisors and BDs about AI washing ... again

The SEC chair tells the financial services industry to be careful about describing artificial intelligence to clients and investors.

By Emile Hallez
SEC hammers nine firms with $1.24m in penalties
NEWS PRACTICE MANAGEMENT SEP 09, 2024
SEC hammers nine firms with $1.24m in penalties

The regulator's marketing rule sweep found a raft of violations in the investment advisors' advertisements.

By Leo Almazora
Cerity Partners taps Todd Cassler as first-ever growth chief
NEWS RIAS SEP 09, 2024
Cerity Partners taps Todd Cassler as first-ever growth chief

The RIA is harnessing the veteran's 20-plus years of experience, most recently at Mariner Wealth Advisors, to accelerate its strategic growth.

By Leo Almazora
Would a sovereign wealth fund work in the US?
NEWS ALTERNATIVES SEP 09, 2024
Would a sovereign wealth fund work in the US?

Trump briefly floated the idea this week, and he's far from the first to do so, but does the US really need a national fund?

By Emile Hallez
Woo-hoo! Football is back! Wealth managers offer their NFL picks
NEWS INDUSTRY NEWS SEP 09, 2024
Woo-hoo! Football is back! Wealth managers offer their NFL picks

Wealth managers rejoice. Stocks may be sliding, but the NFL season is starting.

By Gregg Greenberg
South Fla. B-D drops the ball on vetting clients from China: Finra
NEWS REGULATION AND LEGISLATION SEP 09, 2024
South Fla. B-D drops the ball on vetting clients from China: Finra

Firm agrees to pay six-figure penalty for its lack of compliance with anti-money laundering programs.

By Bruce Kelly
To scale, advisors should be willing to "break things on purpose"
NEWS RIAS SEP 09, 2024
To scale, advisors should be willing to "break things on purpose"

Advisor coach Stephanie Bogan highlights four “growth inhibitors” to overcome.

By Josh Welsh
B. Riley mulls asset sale to address $2B debt load
NEWS INDUSTRY NEWS SEP 09, 2024
B. Riley mulls asset sale to address $2B debt load

The embattled broker-dealer is planning to monetize assets and obtain financing as fallout from SEC probe into Kahn partnership continues.

By Bloomberg