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(Bloomberg Opinion) — All sustained bull markets need positive periods to keep them moving higher, and next month will be a desert of good news. First, consider the perspective on Monetary Policy Land. Interest rate cuts that seemed inevitable a few months ago have apparently been delayed, perhaps until mid-summer. Although I am an avowed…

New York City-based WealthFeed, an AI-driven lead generation tool for advisors, has raised $2 million in funding from Thicket Ventures, a venture capital firm founded by Justin Wisz, former CEO and co-founder of Vestorly. Executives from the RIA, investment banking and private equity sectors have also invested, including Joe Jolson, founder of JMP Group, and…

The most electrifying three weeks in sports are almost upon us, when upsets, hype stories and Cinderella stories dominate America's lexicon. Around the time the NCAA tournament begins and millions of traders are consumed by basketball, the Federal Reserve also releases information on what should be a key March meeting. Setting the scene Connected: The…

The Financial Industry Regulatory Authority fined two Osaic broker/dealers $150,000 each for lacking cyber security safeguards that could have prevented “numerous” cyber intrusions, according to the regulator. The settlement against Osaic Wealth (formerly Royal Alliance) and Securities America details cyber security failures which allegedly occurred between January 2021 and March 2023. Last year, Osaic announced…

Concurrent Investment Advisors hit growth targets in its first year as a newly structured hybrid RIA and started 2024 with several new additions, the firm reported this week, while Carson Group announced additions to both RIA platforms, Realta Wealth tapped a former Cetera SVP to serve as CFO and Savant Wealth Management named DeLynn Zell…

(Bloomberg) — UBS Group AG's more diversified wealth management exposure and business mix make it more attractive than its U.S. peer Morgan Stanley, according to analysts at JPMorgan Chase & Co. While both firms are expected to generate around 60% of profits from asset-pooling businesses in 2027, JPMorgan analyst Kian Abouhossein said the Swiss bank…

(Bloomberg) — Connected: Cathie Wood sees resurgence in thematic investing as Fed cuts rates Cathie Wood is many things to many people in St. Petersburg, Florida. it Investment Management Fund is the main tenant in a modern condition initial incubator. It partners with the local school district on a science and technology curriculum. And she…