Neuberger launches first tokenized junk bond fund
The march toward tokenization of assets includes a storied Wall Street firm offering its latest fund on four distributed ledgers.
Appeals court hears landmark interstate banking suit
The 10th Circuit Court of Appeals is reviewing a challenge to Colorado’s effort to exercise more power over the interest rates charged to its residents.
IBD Elite 2026: The cryptic costs of clearing and custody for advisors
In a constantly changing industry, clearing and custody fees defy generalizations. The largest independent broker-dealers present financial advisors with the choice of working with a “self-clearing” firm or one that outsources those essential services.
IBD Elite 2026: Download FP’s list of the largest independent brokerages in wealth management
The printable PDF includes rankings based on the firms’ 2025 revenue as well as the number of financial advisors, compensation, total client account assets and more.
Not every company that wants a bank charter ought to get one
The industrial bank charter is attracting increased interest because of the combination of innovation and safety it offers. However, charters should only go to companies that can meet a rigorous set of requirements.
Bank of America places new restriction on remote work
In the latest example of lenders rolling back their hybrid work policies, the nation’s second-largest bank will soon require its employees to choose nonconsecutive days to work from home.
NC bank’s latest deal fits its Atlanta-to-Richmond plan
HomeTrust Bancshares, which has been eyeing Virginia as part of its growth strategy, plans to acquire the formerly troubled Blue Ridge Bancshares in an all-stock transaction.
Who would you give your money to, hyperscalers or the U.S. government?
There are two monster debtors out there — the AI industry and the U.S. government. Is the credit market big enough for the both of them?
Active management keeps losing to passive. Why some advisors still use it
Morningstar finds that active investment managers beat low-cost passive index trackers only 27% of the time over a 12-month stretch.
How account titling and beneficiary designations can undermine a will
Account titling and beneficiary designations could contradict what clients write in their wills, undermining estate planning. Advisors can help keep these current.