Industry News

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

Advisor Upside

TradePMR’s Robb Baldwin on Robinhood and the American Financial System

Photo via TradePMR

The future of American financial technology is being able to do transactions, trades, and payments in one spot, Baldwin said.

2 min read
Advisor Upside

Morgan Stanley Eyes Startups Ahead of Potential IPO Rebound

Photo by Ajay Suresh via CC BY 2.0

A Morgan Stanley partnership with Carta could result in more clients, and more assets, for its advisory business.

2 min read
Advisor Upside

How Early Education is Helping Advisors Promote Racial Equality

Photo by Antoni Shkraba via Pexels

Black professionals account for just 2% of Certified Financial Planners in the US, according to industry data.

2 min read
Industry News

AI Won’t Replace Advisors. But It Will Transform the Industry.

Photo illustration by Connor Lin / The Daily Upside, Photos by Gzorgz and iLexx via iStock

AI won’t treat us to a round of golf to discuss investment strategies. But the technology is already a game changer for financial advisors

5 min read
Advisor Upside

CI Financial to be Taken Private in Deal with Mubadala Capital

Photo via Connor Lin / The Daily Upside

The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.

1 min read
Advisor Upside

Robinhood Targets Wealth Management with TradePMR Deal

Photo by PiggyBank via Unsplash

The free trading platform aims to connect its retail investors to services traditionally saved for wealthier investors.

2 min read
Advisor Upside

3 Trends Expected to Give Advisors Hangovers in 2025

Photo via Connor Lin / The Daily Upside

The research and advisory firm Forrester found that adapting to new technologies is paramount to financial services firms.

1 min read
Advisor Upside

Wall Street Bonuses Surge for First Time Since 2021

Photo by Lucky Photographer via iStock

The past two years haven’t been too kind to Wall Street comp plans, but that might be changing as bonuses make a comeback.

2 min read
Advisor Upside

SEC Fines Robo-Advisor for Athlete Endorsement Violations

Photo by Airotcivss via CC BY-SA 4.0

The Shariah-compliant robo-advisor Wahed Invest allegedly violated advertising rules and agreed to a $250,000 fine.

1 min read
Analysis

Wall Street Does DeFi

Photo illustration by Connor Lin / The Daily Upside

New digital-asset funds from BlackRock and WisdomTree are bypassing traditional systems and issuing assets directly on the blockchain.

3 min read
Advisor Upside

Next SEC Chair? Bets Are on Peirce, Cuban, Or ‘CryptoDad’

Photo by Ablokhin via iStock

Securities and Exchange Commission Chairman Gary Gensler is likely to resign from his position at the agency before his term is up.

2 min read
Advisor Upside

Neuberger Berman Buys Stake in Mariner in Latest RIA Deal

Photo by AlainM47 via CC BY-SA 4.0

The deal is the latest example of major investments into the RIA space, with much of the funding coming from private equity.

2 min read
Advisor Upside

Dynasty’s Shirl Penney on Hurricanes and the American Dream

Photo via Dynasty Financial Partners

The CEO of Dynasty Financial Partners landed new funding from top financial services firms as a hurricane barreled down on his Florida home.

2 min read
Advisor Upside

Top 25 Broker Dealers Manage 93% of Assets: Cerulli

Photo by Lo Lo via Unsplash

Consolidation among broker dealers is having significant impacts on the industry and it’s not expected to slow down anytime soon.

1 min read
Advisor Upside

CFA Final Exam Success Rate Drops to Below 50%

Photo by Mikhail Nilov via Pexels

The pass rate for the notoriously taxing final level of the chartered financial analyst exam fell further below the decade average of 52%.

2 min read
Advisor Upside

What Fidelity’s Data Breach Means for Advisors

Photo via Connor Lin / The Daily Upside

Experts believe the perpetrator used tokens to access the personal information through improperly configured third-party code.

2 min read
Advisor Upside

Big Brokers Beat Estimates in Strong Start to Earnings Season

Photos by Ikechukwu Julius Ugwu and Nick Sarvari via Unsplash, Daveynin via CC BY 2.0, and Michael Vi via iStock

JPMorgan Chase and Wells Fargo, among other banks and asset managers, beat analysts’ expectations in the third quarter.

1 min read
Advisor Upside

‘Burrito Scarfer’ CFP Board Ads Weren’t Meant for Advisors (Or, Even Adults)

Photo via Connor Lin / The Daily Upside

A new CFP Board ad campaign targeting college students and high schoolers missed the mark among members. That might be the point.

2 min read
Advisor Upside

Wall Street Pay Falls Further From Pandemic Highs

Photo by Lucky Photographer via iStock

The average New York City securities salary dropped 5.2% in 2023, mostly due to smaller bonuses, marking a drop from the pandemic highs.

1 min read
Advisor Upside

New ETFs Help Clients Defer Taxes like the Super Rich

Photo by TravelingOtter via CC BY-SA 2.0

New ETF launches are using sophisticated strategies that were once only available to the wealthy to help clients defer capital gains tax.

2 min read