News

Thomas Gira, head of Finra market regulation, dead at 58

The executive had worked at the Financial Industry Regulatory Authority Inc. for nearly three decades

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Michael Kitces' #FASuccess Podcast: Elizabeth Nesvold on the Evolution of the Valuation of Wealth Management Firms

Raymond James' Elizabeth Nesvold details what investment bankers actually do for wealth management firms.

Hightower Names Stephanie Link New Chief Investment Strategist

The firm has appointed Stephanie Link, former head of global equities research at Nuveen, as its new chief investment strategist, a newly created role.

Wall Street Frets Over Investing 101 as Hedging Gets Dangerous

Asset managers are digging deeper to find hedges to stocks and bonds.

Fintechs zero in on Reg BI as deadline looms

Technology providers are deploying tools to help advisers brace for new regulatory requirements

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Supreme Court narrows power of SEC to recoup illegal gains

The court has suggested that federal law bars awards from going further, blunting a legal tool that critics say the agency has abused.

ETF Issuers Face ‘Major Missed Opportunity’ in Model Portfolios

While model portfolios have existed for years, ETF issuers are looking to the packages to power the next leg of growth for the $4 trillion industry.

UBS gives wealthy clients Goldman, Pimco strategies at no extra cost

The firm is expanding the choices available in its separately managed accounts

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Creative Planning notches seventh deal of 2020 with $700 million RIA

The purchase of Sunrise Advisors marks the first local acquisition for the Kansas-based firm

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Fink promises 30% more Black employees at BlackRock by 2024

Just 5% of its 16,000 employees are Black, according to the company.

Court enters final judgment in fraudster Caplitz case

The sons of his partner were ordered to pay back almost $488,000

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One-third of UBS staff could permanently work remotely

The firm employs just short of 70,000 people in 50 countries and had 80% of its worldwide staff at home during the height of the pandemic

Q&A: Peter Mallouk on His Latest Acquisition, M&A and Plans to Re-Up TV Ads

Creative Planning CEO Peter Mallouk opened up recently on his latest acquisition, where it fit, the firm's approach to M&A, and plans to re-up on his TV marketing strategy.

Two Metals and an Interest Rate

Taken together, they can map the economy’s future.

Advisers shouldn’t be afraid to outsource portfolio management

WisdomTree research shows that clients are much more comfortable with the practice if it’s presented to them in the right way

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Cary Street Acquires $215 Million AUM Waypoint Advisors

Cary Street will merge with Waypoint Advisors, creating a combined firm with $4 billion in client assets.

ETF Halftime Report: Vanguard, Bonds Are Big Winners

Amid the coronavirus pandemic and the resulting market volatility, investors, seeking a cheaper alternative to SPY, poured $16 billion in Vanguard's VOO in first six months of 2020.

Rising global risks could challenge market exuberance

Threats to the equity rally include a COVID second wave, U.S.-China tensions and the prospect that central banks will wind down their stimulus efforts

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Fidelity Survey: Prospecting Takes a Hit During the Pandemic

As financial advisors adjust to remote working and navigating clients through the tough environment, some have put prospecting on the back burner.

Apex Clearing To 'Extend' Business Model

Features for advisors and to support online marketplaces that let users invest—straight from the marketplace's platform.