Industry News

Exclusive news, analysis, and commentary about the wealth mangement industry.

FA Upside

Morgan Stanley Converts Mutual Funds into First ‘Pathway’ ETFs

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Morgan Stanley is bolstering its ETF suite by converting two mutual funds into exchange-traded funds under the Morgan Stanley Pathway brand.

1 min read
Markets

Can a Texas Stock Exchange Really Lock Horns with Wall Street?

Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

The Texas Stock Exchange is hoping to become the center of a new financial mecca in the Lone Star state when it launches next year.

4 min read
FA Upside

FINRA Cases Hit Record Lows. Warren Wants Answers

Photo by Gage Skidmore via CC BY-SA 2.0

FINRA enforcement cases plummeted last year, sliding to the lowest level in the agency’s history, which caught the eye of Elizabeth Warren.

2 min read
FA Upside

Schwab Eyes Financial Advice as Cash Sweeps Dry Up

Photo by Djkeddie via CC BY-SA 4.0

The online brokerage has long relied on bank revenues, like cash-sweep programs, but executives are now leaning into wealth management.

2 min read
FA Upside

BlackRock Tops Grayscale for Digital Asset Dominance

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The shift highlights the growing footprint of traditional firms in the digital asset industry, and signals renewed confidence in crypto.

2 min read
FA Upside

Franklin Templeton, TD Bank in Regulators’ Crosshairs

Photo by Phillip Pessar via CC BY 2.0

Regulators are intensifying their focus on two financial institutions with the potential for fines stretching into the billions of dollars.

2 min read
FA Upside

China Wants International Investors Kept in the Dark

Photo by N509FZ via CC BY-SA 4.0

Authorities in Beijing have begun hiding daily investment data from foreign investors looking to gain insights into the market.

1 min read
FA Upside

SEC Sends Message Over Off-Channel Communications

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Advisory firms are having to pay hefty fines if they get caught discussing business matters on personal devices.

1 min read