Industry

Amid the immediate uncertainty around the Fed’s efforts to restore confidence, the battle against inflation suddenly looks easier.

As the dust settles, some thoughts from Zephyr's market strategist.

The biggest banks, including JPMorgan, Bank of America and Citigroup, would contribute $5 billion of deposits each, with smaller banks kicking in smaller amounts.

Built on the back of its $271 billion wealth business, First Republic is in need of a rescue as its stock is down almost 80% since March 8.

Digital marketing and home-grown planning software, FP Alpha, has launched RIA Altfest into a new phase of tech-enabled growth as the firm looks to expand into new locations.

A Morningstar analyst said it would be difficult to have a 'run on the bank' for wealth management firms and does not expect to change his outlook for these companies.

'ChatGPT cannot be blindly trusted. You cannot overstate this,' said one executive at this week's T3 advisor technology conference, even as Morgan Stanley becomes the first to incorporate a more advanced iteration of GPT into advisor workflows.

Fresh off becoming a full custodian, Altruist will now have close to 10% market share of total RIA firms, SSG’s service organization and a relationship with Pershing.  

However, advisory firms that did invest in cybersecurity tools reported higher levels of satisfaction with them than in any other software category.