MARKETS IN 5
Stocks rally broadens as megacap tech lags
STOCKS
Dow and small caps lead as Nasdaq stalls
RATES
Treasury yields ease as housing data weakens
ECONOMY
Housing activity weakens across September reports
EARNINGS
GM falls despite earnings beat and buyback
GLOBAL
Nikkei closes higher while stock futures point up
Miles Ashford, Markets Correspondent · Read it in five minutes
FROM THE NEWSROOM
Elevation Point takes minority stake in ex-UBS Truing Capital team
Elevation Point, a Minneapolis-based RIA investor, has taken a minority stake in Truing Capital Advisors, a Las Vegas practice formerly affiliated with UBS.
Vivian Cole, Deals Correspondent
Betterment extends after-tax Roth strategy to self-employed 401(k) clients
Betterment has introduced mega backdoor Roth capability for its solo 401(k) offering, open to direct customers and advisors using Betterment Advisor Solutions, according to its release.
Nora Kessler, Practice & Technology Correspondent
Wealthspire's Ground Control adds London firm with over $1 billion in assets under management and administration
Vivian Cole, Deals Correspondent
ICG next moves $2.3 billion practice from LPL to Osaic
Wall Township firm ICG next, with about 21 advisors and $2.3 billion in client assets, has joined Osaic from LPL Financial, according to a firm announcement.
Grant Whitmore, Moves Correspondent
THE WIRE
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FORGIVABLE LOANS
Negotiating a forgivable loan: the terms that actually move
Forgiveness cadence, carve-outs, production thresholds and jurisdiction, in the order to ask for them.
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MOVES · FINANCIAL PLANNING
Founders of $18.6B RIA exit JPMorgan to build client portfolios on their terms
WEALTHMANAGEMENT.COM
AI Use Is Widespread Among RIAs Despite Lack of Strategy, Leadership
FINANCIAL PLANNING
How advisors can reach Gen Z and get them saving for retirement
HEAT INDEX · 24 HOURS
1. LPL Financial 4 stories
2. Beacon Pointe 3 stories
3. UBS 2 stories
4. J.P. Morgan 2 stories
5. Osaic 2 stories