RIA industry tests waters on ‘merger of equals’ transactions
“We’ve seen two so far, and it feels like something that the industry has been talking about for years,” Turkey…
Advisor moves: Raymond James ends week with $1B Commonwealth recruitment streak
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the…
Treasuries hold recent gains as inflation gauge stabilizes
The Fed’s preferred barometer of inflation stood unchanged at 2.6% in July, preserving expectations of interest rate cuts potentially starting…
Cook Lawyer says fraud claims are Trump’s ‘weapon of choice’
Counsel representing Lisa Cook argued the president’s pattern of publicly blasting the Fed calls the foundation for her firing into…
SEC orders Vanguard, Empower to pay more than $25M over failures linked to advisor compensation
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to…
RIA moves: Wells Fargo pair joins &Partners in Virginia
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent…
Consistent participation leads to sizable 401(k) gains, EBRI/ICI study finds
Analysis of four-year data shows average account balances nearly doubling among steady savers, with younger workers seeing the largest percentage…
Peloton faces investor backlash as appeals court revives fraud lawsuit
A federal appeals court has revived key fraud claims against Peloton, with institutional investors alleging the company misled the market…
Gen X investors feeling underserved as affluent investors split on advisor satisfaction
Survey research shows just over half of Gen Xers satisfied with advice as retirement and economic anxieties take a toll.
RIA leader pushes back on ‘evil private equity’ narrative
“A lot of advisors think, I don’t want to sell to private equity or join a firm that’s PE backed,…