FA News

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LPL Adds Ex-Cambridge Duo With $200M In Assets

by FA Staff

Timothy Heisterkamp and Max Neese operate Journey Financial in Jefferson, Iowa.

Ex-Advisor Indicted On Multimillion-Dollar Fraud Scheme

by FA Staff

Craig Allen of Atlanta used his hedge fund to scam investors of more than $7 million, prosecutors said.

Sanctuary Wealth Acquires Tru Independence, Creates $42B RIA Aggregator

by FA News

The transaction was negotiated over the last several months.

RBC Capital Fined More Than $700K For Finra Violations

by FA Staff

The firm must pay fines and restitution for violations on trade confirmations and customer credit.

JPMorgan's Global Head Of ETF Solutions Bryon Lake Exiting Firm

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Lake has led the asset manager's ETF effort globally.

Pot Stocks Surge On Report DEA Set To Reclassify Marijuana

by

Such a move could eliminate some taxes in the cannabis industry.

Actively Managed Funds Hemorrhage Client Cash In ESG Upheaval

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Passive ESG funds have proven to be more appealing to investors, according to Morningstar.

A Drought Of Treasury Bills Risks Muddying End Of Fed's Balance-Sheet Tightening

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Traders are wary that the dwindling amount of notes available could fall far short of demand.

Rogoff Says Markets Will Thwart Any Political Pressure On Fed

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Market reactions would throw a "cold bucket of water" on any president who tries to manipulate the Fed, he said.

LPL Snags $860M Dallas Team From Lincoln Financial

by FA Staff

LPL's recruitment of Dallas-based Strategic Wealth comes ahead of Lincoln's purchase by Osaic.

Wall Street's 'Macro Agnostic' Tech Trade Shatters ETF Records

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Big tech companies are being viewed by investors as shares that can withstand anything the economy throws at them.

Beacon Pointe's Growth Recipe Has No Room For 'Jerks'

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The RIA consolidator has taken a steady, careful approach to its mergers and acquisitions.

Focus Financial Taps Michael Nathanson As CEO

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Nathanson will also continue his role as CEO of The Colony Group.

Bitcoin Faces Worst Month Since FTX Crash With ETF Demand Cooling

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The 11 U.S. spot bitcoin ETFs have seen outflows of $182 million this month.

Commodity ETFs Pull In Most Cash Since 2022 On Sticky Inflation

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Commodity bulls argue that strong underlying consumption ultimately means the sector will benefit.

Investors Are Increasingly Interested In A Novel Type Of Weather Insurance

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“Parametric insurance” provides payouts that are triggered by a predetermined parameter.

Goldman Sees Momentum Traders Buying Stocks In Every Scenario

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Funds that use systematic strategies to trade futures contracts are exposed to about $106 billion in long positions.

Labor Costs Rise By Most In Year In Sign Of Wage Pressures

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The index that measures wages and benefits increased 1.2%.

Advisors Need To Rethink Their Diversification Strategies, Morningstar Says

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It's time to look past old reliables like real estate and high-yield bonds, a new Morningstar report says.

Ex-Ameriprise Advisor In Texas Gets 5 Years For Stealing $1.2M From Clients

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Dusty Sternadel tricked her mostly elderly clients into cutting checks that she deposited into her personal accounts.

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