Raymond James' investment management arm will launch its first exchange-traded funds in 2025. The firm has hired Mo Sparks, former head of exchange-traded products at the New York Stock Exchange, as head of exchange-traded funds. scholarship, a newly created position. He joins Raymond James Investment Management on July 22 and will lead the firm's efforts…

Smarsh has been named among eight eDiscovery and Data Loss Prevention companies that OpenAI chose to integrate with as part of first compliance partnership program and introduction of its Enterprise Compliance API. The eight firms serve clients in regulated industries, including finance, healthcare, legal services and government, and must comply with regulatory filing and auditing…

Tom Taylor, who has been in the industry since the early 1990s, will retire as head of sales and growth at Cetera Financial Group at the end of this year. The firm is currently conducting a search for his replacement. Taylor has been with Cetera since 1997, after joining Financial Network Investment Corp., which was…

FINRA suspended a former Morgan Stanley representative, Laura Casey, for “willfully” violating the SEC's Best Interest Rule, according to a residence released today. During 10 days in July 2022, Casey purchased multiple products for clients, including exchange-traded funds, with upfront sales fees. According to FINRA, clients would not have had to pay these fees if…

Registered investment advisors saw a rebound in business in 2023, reporting that assets under management grew nearly 18% over the year to an average of $542 million, according to Schwab's latest RIA Benchmarking Study. This compares to a 7.1% loss in AUM in 2022 when the average AUM was $455 million. Schwab's study found that…

(Bloomberg) — At some of the world's biggest asset managers, the launch of ESG funds is stalling. BlackRock Inc., DWS Group of Deutsche Bank AG, Invesco Ltd. and UBS Group AG's asset management arm are among the firms that have cut the number of new funds with environmental, social and governance mandates, according to data…

(Bloomberg Opinion) – of Donald Trump Tax Cuts and Jobs Act of 2017 it was the largest corporate tax cut in US history. How did it affect the economy? The question has taken on added importance now that the former president said thatif he beats President Joe Biden, he would like to cut corporate taxes…

Ashton Thomas Private Wealth, a Scottsdale, Ariz.-based RIA. with $2.9 billion in AUM and part of Arax Investment Partners, has become the latest advisory practice to sign on the iCapital alternative investment platform. The addition of Ashton caps a busy first six months for Capital, which has had 170 new advisory firms join the platform…

Succession planning is one area of ​​wealth management that seems to be having trouble keeping up with the growth and evolution of the industry. Research studies show that less than 30% of advisors have a succession plan. Many others who run thriving businesses have no strategy in place should a worst-case scenario leave them unable…

A Connecticut-based team that manages about $750 million in client assets is joining LPL from Osaic after that firm secured Lincoln Financial's wealth business. This is the latest in several former Lincoln teams to join the major independent broker/dealer. Summit Planning Group was founded in 1995 and has offices in Branford and Glastonbury, Conn. The…