Too Early To Tell Which Way Market's Going
Jonathan Corpina says today's market is still trying to figure out which way it's going and shares his thoughts on the sectors that have the most upside and downside.
Nike 4Q FY22 Earnings Call Forecasts Headwinds From China
Despite beating earnings projections, Nike's challenges in China cause the stock to slide.
View From The Floor: Bear Markets As Recession Harbingers
Bear markets have long been associated with impending recessions. Two questions being asked now are where this bear market will hit bottom and if it will be followed by a recession.
View From The Floor: NYSE Delisting Revlon
The New York Stock Exchange begins the process of delisting Revlon after the company files for bankruptcy.
S&P 500 Enters Bear Market, What Needs to Happen For Us To Get Out
Jonathan Corpina shares his thoughts on the S&P 500 entering a bear market and what will need to change for us to see markets start climbing again.
Markets Want Serious Fight on Inflation
Tim Anderson forecast's the Fed's June announcement of the Federal Funds rate and what he thinks the market wants to see from the benchmark interest rate.
May CPI Report: Inflation Spikes Higher Than Expected
Peter Tuchman of TradeMas weighs in on the May's CPI coming in higher than was expected and how he feels about "bear markets".
"No Jerks Allowed" Rule in Recent RIA Acquisition
$25 Billion Beacon Pointe just announced that it's buying Stonegate Capital Advisors in Scottsdale, Arizona. Beacon Point President Matt Cooper discusses how the acquisition came to fruition, the importance of good team culture, and other deals in the pipeline.
Carson Group Grows to Billion Dollar Valuation
Carson Group is now being valued at more than a billion dollars. The fast-growing financial technology and services firm is taking on Bain Capital as a minority partner. According to the release, Bain's investment should help with expansion by acquisition and technology development. Carson Group's executive team will remain intact, with Founder and Chief Executive Officer Ron Carson at the helm.
CI Grows US Assets to $68 Billion in 19th Acquisition
CI Financial is expanding its wealth management presence in the Mid-Atlantic by buying Radnor Financial Advisors, a $2.6 billion dollar RIA in Philadelphia, PA. According to the release, this marks CI’s 19th acquisition since January 2020 and brings CI's total US assets to just shy of $70 billion.
United Expands Advisory Services with $2 Billion RIA Acquisition
United Community Banks is expanding its Advisory Services division by acquiring FinTrust Capital Partners in Greenville, South Carolina. According to the release, FinTrust managed about $2 billion across its advisory, retirement planning and brokerage businesses as of the end of Q1. United's board of directors has approved the deal, which is expected to close in the third quarter this year.
#1 RIA Valued at $7.3 Billion in Investment from PE Firm Warburg Pincus
The #1 independent advisory firm in the country just announced has a new investment from Warburg Pincus. The PE firm is acquiring minority ownership and joining the board of Edelman Financial Engines, which manages $260 in assets. According to the release, this strategic investment values the nation's top RIA at $7.3 billion and is expected to close in the second quarter of this year.