Finance

The deal values closely held Fisher Investments at $12.75 billion and is part of the founder's estate planning, according to the firm.

The deal comes as a Raymond James executive questions if advisors who choose to go with private owners won't regret their decisions in three to five years.

Ultrarich individuals and families worth more than $150 billion are helping drive a resurgence in private equity buyouts, providing capital for some of the year's biggest acquisitions to overcome a tough dealmaking environment.

The U.S. Fifth Circuit Court of Appeals in New Orleans sided with the private funds industry, which argued that the agency overstepped its authority.

The Fed's preferred inflation measure held steady last month, sparking hopes of stabilizing prices — but also concerns of slowing consumption.

The Toronto-based bank's U.S. subsidiary has taken in $15 billion in asset inflows in the past two years.

Relationships with vendors can make or break an advisor's business; FINRA officials and industry experts discuss best practices.

Difficulties loom over syncing U.S. stock exchanges with global transaction cycles.

Financial planners can help clients navigate homeownership and other significant purchases in the wake of the Fed's revised rate-cut projections.

The consumer price index came in a little cooler last month, ending a streak of bad inflation data — at least for now.

The Wall Street giant distinguishes its custody service by being a pioneer in allowing private equity, private credit and similar investments to be used as collateral for loans to RIA clients.

Like 2023, 2024 has been good to Edward Jones. The St. Louis-based firm finished the first quarter with higher revenues and more financial advisors on its payroll.

Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.

Industry experts who track comings and goings at large firms say the advisor staff figures often obscure more than they reveal.

Back in December 2023, Wall Street was hoping for rate cuts early and often. But as of May 2024, "higher for longer" seems to be the new policy — at least for now.

Higher expenses from the record headcount of financial advisors and a continuous stream of recruits and acquisitions are investing in the firm's future earnings, though.

In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.

After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.