InvestmentNews reviews the highs and the lows of the wealth management industry
July is supposed to be a slow month, but InvestmentNews has a fascinating list of stories worth paying attention to.
Retail investors split on AI’s place in financial advice
Survey research reveals just three-tenths trust AI-generated recommendations, bolstering the case for lasting human relationships with advisors.
Advyzon and SS&C roll out wealth tech platform updates for advisors
Advyzon has launched a new hub for professionally managed model portfolios, while SS&C unveiled a unified suite of wealth solutions…
Elon Musk’s $29B equity compensation package elicits advice from advisors
Wealth managers are using the Tesla CEO’s multi-billion dollar package to educate clients on windfalls and option-based pay strategies.
Waller emerges as favorite for Fed chair among Trump team
Sources say advisors to POTUS are impressed with the Federal Reserve governor’s record and willingness to set policy based on…
Barred investment advisor, former CNBC pundit sentenced to five years for fraud
Former LA-based advisor James Arthur McDonald Jr. is facing federal prison time for defrauding investors out millions of dollars in…
Advisor moves: $275M family practice leaves LPL for Osaic, LPL attracts Osaic team in Mississippi
Meanwhile, Ameriprise has lured a 28-year veteran advisor away from Merrill in Pennsylvania, and taken over a bank-based investment program…
Blackstone private debt fund marks down largest holding Medallia
Blackstone leader says the Thoma Bravo-backed software firm, which was given a private credit loan through one of the firm’s…
Trump to sign order opening 401(k)s to private equity
The executive order directed at the Department of Labor and the Securities and Exchange Commission also gives an opening to…
St. Louis RIA bets on faster trading with Longview Advantage ETF
“We’re not bloated, we’re not slow, and we can buy these stocks within days, rather than within quarters,” former Dimensional…