Industry News

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

Photo illustration by Connor Lin / The Daily Upside

Analysis

Wall Street Does DeFi

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

3 min read
Photo by Ablokhin via iStock

Advisor Upside

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

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
Photo by AlainM47 via CC BY-SA 4.0

Advisor Upside

Neuberger Berman Buys Stake in Mariner in Latest RIA Deal

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

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

JPMorgan Wants In on the Great White North

Photo by Wladyslaw via CC BY-SA 3.0

The bank’s asset management arm has made two ETFs available on the Toronto Stock Exchange, and plans to grow staff in Canada.

1 min read

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