Financial advisor news, market insights, and practice management essentials.
Strive said last week that it’s launching a new wealth management offering to customers and announced $30 million in fresh funding.
An investigation from Wells Fargo last month may have helped push Chipotle to finally come to terms with its alleged portion problem.
New AI assistants from Wall Street firms, like JPMorgan and Morgan Stanley, are projected to create billions of dollars in value.
Buffer ETFs have quickly gained momentum with 200 funds currently trading on US markets with about $37 billion in aggregate assets.
The heightened RIA deal activity points to optimism for cheaper financing in the future as firms get ready for Federal Reserve rate cuts.
Janney will be sold from the Penn Mutual Life Insurance Company, marking another major equity deal in a busy year for the industry.
A recent survey found most clients aren’t interested in having conversations about crypto, which could cap the funds’ impact on the industry.
Artificial intelligence may be one of the fastest-growing tools in business, but don’t tell that to the compliance department.
Assets under management for RIAs rebounded sharply last year, and not just because of the markets’ blistering performance.
The jig may be up for cash sweeps, which have long been one of Wall Street’s most lucrative — and hush-hush — revenue streams.
Because women typically outlive men, approximately $9 trillion of the wealth transfer is projected to fall to them in the coming years.
The conservative manifesto, called Project 2025, unveiled plans to cut several government offices including Finra.
Morgan Stanley’s performance was held down by its wealth management division and a Federal Reserve that is stuck in neutral on rate cuts.
Stocks generated a healthy 12% annualized return over the past decade, but AUM fees may come into question in a downturn.
CEO Larry Fink attributed the healthy performance to growth in private markets, retail active fixed income, and the company’s ETF business.
For all the money flooding into AI, it could tackle more pressing issues than teaching robots to flip burgers.
The Federal Reserve is considering changes that would soften the global systemically important banks surcharge and free up assets for banks.
It took more than a decade, but fund fees may have finally hit their lowest possible levels, according to the latest Morningstar research.
Envestnet is one of the largest wealth management software companies in the US and serves approximately one in three financial advisors.
The nation’s wealthtech startups are not only benefiting from a growing middle class, but also looking to court some of the country’s wealthiest…
