Industry News

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Tax cuts should be passed by July 4, Bessent says
NEWS INDUSTRY NEWS APR 29, 2025
Tax cuts should be passed by July 4, Bessent says

Treasury secretary's deadline called 'aspirational' by John Thune.

By Bloomberg
Crypto ETF options expand as Amplify, ProShares launch new funds this week
NEWS ETFS APR 29, 2025
Crypto ETF options expand as Amplify, ProShares launch new funds this week

Launches include Bitcoin and newly approved futures-based XRP funds

By Steve Randall
Is Trump about to make tariff concessions for auto industry?
NEWS INDUSTRY NEWS APR 29, 2025
Is Trump about to make tariff concessions for auto industry?

Some parts for vehicles made in the US could be exempt.

By Bloomberg
Carney's Liberals set for narrow Canadian election victory
NEWS INDUSTRY NEWS APR 29, 2025
Carney's Liberals set for narrow Canadian election victory

Former central banker pledges to stand up to Trump.

By Bloomberg
Morgan Stanley sees rare forward curve for oil
NEWS INDUSTRY NEWS APR 29, 2025
Morgan Stanley sees rare forward curve for oil

Tightness followed by 'meaningful surplus' shapes futures pricing.

By Bloomberg
CS McKee names new leader as North Square firm completes Foundry acquisition
NEWS INDUSTRY NEWS APR 28, 2025
CS McKee names new leader as North Square firm completes Foundry acquisition

Firm will be merged into the CS McKee brand and adds approximately $2.3B AUM

By Steve Randall
NEWS RIAS APR 28, 2025
Cetera’s latest round of job cuts to reduce 5% of staff

Last week's layoffs totaled at least 130 Cetera employees, according to a senior industry executive.

By Bruce Kelly
Stocks rise ahead of packed week of earnings, data
NEWS INDUSTRY NEWS APR 28, 2025
Stocks rise ahead of packed week of earnings, data

Four of the Magnificent Seven will report this week.

By Bloomberg
Gold down more than 5% in less than a week
NEWS INDUSTRY NEWS APR 28, 2025
Gold down more than 5% in less than a week

Easing anxiety has seen the haven asset slide from record high.

By Bloomberg
Bond managers grapple with multiple unanswered questions
NEWS INDUSTRY NEWS APR 28, 2025
Bond managers grapple with multiple unanswered questions

Uncertainty remains challenging for Treasuries traders.

By Bloomberg
Consumers facing higher costs as Chinese firms pass on tariff burden
NEWS INDUSTRY NEWS APR 28, 2025
Consumers facing higher costs as Chinese firms pass on tariff burden

Move will raise concerns of inflationary impact of tariffs.

By Bloomberg
Americans earning under $200K could pay less tax, or perhaps nothing says Trump
NEWS INDUSTRY NEWS APR 28, 2025
Americans earning under $200K could pay less tax, or perhaps nothing says Trump

President says tariffs could see income tax ‘completely eliminated’ for some

By Steve Randall
As Magnificent 7 report earnings, demand for Nasdaq-100 in 401(k)s revealed
NEWS EQUITIES APR 28, 2025
As Magnificent 7 report earnings, demand for Nasdaq-100 in 401(k)s revealed

Alphabet exceeded expectations, but this week will reveal four more

By Steve Randall
Secure Their Financial Future with Growth and Protection
NEWS INDUSTRY NEWS APR 28, 2025
Secure Their Financial Future with Growth and Protection

Can an annuity help your clients get there?

By Andrew Farrell, MSJ, SVP Retirement Sales, Distribution and Marketing at Symetra Life Insurance Comp
Edward Jones announces C-suite shakeup with eye toward next chapter
NEWS BROKER DEALERS APR 25, 2025
Edward Jones announces C-suite shakeup with eye toward next chapter

The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.

By Leo Almazora
Harvard muni bonds a buy amid battle with Trump White House, Barclays says
NEWS FIXED INCOME APR 25, 2025
Harvard muni bonds a buy amid battle with Trump White House, Barclays says

Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."

By Bloomberg
Independent Financial Group taps industry veteran Keefe as new president, COO
NEWS BROKER DEALERS APR 25, 2025
Independent Financial Group taps industry veteran Keefe as new president, COO

IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.

By Bruce Kelly
Net Positive Consortium gains momentum with new members, first strategic partner
NEWS RIAS APR 25, 2025
Net Positive Consortium gains momentum with new members, first strategic partner

Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.

By Leo Almazora
$30B SEIA taps AssetMark alum Matt Matrisian to lead as president
NEWS RIAS APR 25, 2025
$30B SEIA taps AssetMark alum Matt Matrisian to lead as president

The independent RIA's new hire, with a decade of M&A experience from his former firm and Raymond James, comes as SEIA logs record growth in 2024.

By Leo Almazora
Advisor moves: BofA bags $5B Citi advisor as Raymond James announces Janney hire
NEWS INDUSTRY NEWS APR 25, 2025
Advisor moves: BofA bags $5B Citi advisor as Raymond James announces Janney hire

Bank of America gains strength in NY a veteran UHNW advisor while RayJay welcomes a three-decade industry veteran in Georgia.

By Leo Almazora