A Democrat on the US Securities and Exchange Commission is warning that syndicated loans sold widely to investors are stoking risks to the broader financial system. Regulators should consider whether additional investor protections are needed for the fast-growing market, Caroline Crenshaw, an SEC commissioner, said in a speech Wednesday. She...
Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according to Barclays Plc’s chief executive officer. Despite tentative signs of activity returning at the start of September, C.S. Venkatakrishnan said on Bloomberg’s In the City podcast that a dealmaking revival is still looking “a little further...
Hillhouse, the investment firm started with backing from Yale University’s endowment, is preparing to pitch a new Asia-focused private credit fund to international investors as the asset class continues to grow in the region. Hillhouse, which has traditionally focused on public and private equity, has set up a private credit...
Getting John Beatson to pick stocks for you used to require a cool $25 million or thereabouts. Thanks to the newest trend in money management, these days it’s more like $25. That’s roughly the price of a share in the Bushido Capital US Equity ETF (SMRI), an actively managed equity...
While 3,100 Avantax Inc. financial advisors likely to get slim bonuses or none at all once the sale of the firm to Cetera Holdings is complete, the chief executive of Avantax, Christopher Walters, could walk away with a golden parachute worth $21.6 million, according to a filing with the...
A pair of advisors who had managed $390 million of client assets at Merrill Lynch moved to LPL Financial and its employee advisor channel, Linsco, the firm announced Thursday. Jared West and Sandy Brown are launching West Wealth Advisory Powered by LPL Financial in Fresno, California, where they will be...
Eight years ago, I was at a conference and one of the speakers said, “If you provide optimum service to your clients, you’ll have a 98% retention rate, but if you ignore them, it [only] drops to 94.” While there’s a dark truth to that statement, the flip side is...
An upcoming webinar will explore how to be a better advisor and “amplify your impact” across your business. The Advisor Insights Lab, hosted by InvestmentNews and sponsored by Thrivent Advisor Network, will bring together industry leaders from Thrivent Advisor Network, Mission Wealth, Parable Wealth Partners, Advent Partners, The American College...
Advisors from two separate firms are joining forces to launch a new office for Totus Wealth Management, which has been affiliated with Cetera since 2021. The metro Atlanta office brings together Raymond Bardoul and Brian Fox with a combined $327 million in assets under administration. Bardoul was previously with MML...
The 76 million who make up the youngest American adults have values and priorities that are very much their own and advisors hoping to engage with them will need to recognize this. A new study from Edward Jones reveals that those aged 18-34 are having a tough time right now...