Steve Randall

United Kingdom

Online Journalist at Wealth Professional Canada

Journalist at Freelance

Contributor at Key Media

No longer posting or engaging on here. Please visit my website or find me on LinkedIn.

Articles

Just 19 US households controlled 1.8% of total household wealth in 2024

3 days ago | investmentnews.com | Steve Randall

The richest of rich Americans had a stellar year in 2024 as their wealth soared to 1.8% of total US household wealth. The jump in wealth added around $1 trillion to the fortunes of around 19 households or 0.00001%, including those of Elon Musk, Jeff Bezos, and Bill Gates. Total US household wealth last year reached $148 trillion of which the ultra-rich’s share was $2.6 trillion.
Pontera, NTAM, Siebert, announce senior appointments

3 days ago | investmentnews.com | Steve Randall

Several firms have announced senior appointments in the past week, adding strength to their leadership amid a rapidly changing industry landscape. The $1.3 trillion AUM Northern Trust Asset Management has appointed Michael Hunstad, PhD and Christian (Chris) Roth, CFA as global co-chief investment officers. The duo will take up their new roles from June 1, 2025, and will succeed Angelo Manioudakis who is retiring after four years with the firm and an industry career spanning more than 30 years.
Canadian investors facing continued uncertainty and risk, BlackRock warns

3 days ago | wealthprofessional.ca | Steve Randall

What does the investment behemoth see as the best strategies? By May 11, 2025 Canada’s retail investors should be prepared for continued uncertainty regarding the economy amid US trade policy risks and how the new Canadian government responds, according to a new outlook from BlackRock Canada.
Navigating wealth management for moms; thoughts from TD’s Louise Fry

4 days ago | wealthprofessional.ca | Steve Randall

Mothers are frequently caring for more than one person, even multiple generations By May 11, 2025 Mother’s Day focuses our attention on all the wonderful things our moms do and increasingly that includes managing wealth for the family and for clients. Wealth Professional asked Louise Fry, an investment advisor with TD Wealth in Vancouver, for her perspective on working with clients who are moms and also how a career in wealth management works for her as a mother.
Canadian organizations now rank AI as an investment priority alongside cybersecurity

6 days ago | wealthprofessional.ca | Steve Randall

New survey highlights how important AI has become to business in 2025 By May 09, 2025 The use of artificial intelligence in Canadian organizations has become so important that it now ranks alongside cybersecurity as an investment priority.
Fiera Capital’s Dejardins to step down as successor is named

6 days ago | wealthprofessional.ca | Steve Randall

But long-time leader will remain actively involved in the company’s next chapter By May 09, 2025 There’s change at the top at Fiera Capital with the founder of the Canadian asset manager stepping down from his role as chief executive officer.
Most people don’t expect to need long-term care in old age, but think others will

6 days ago | investmentnews.com | Steve Randall

Nobody wants to imagine themselves getting old and requiring long-term care and healthcare, but are too many Americans burying their heads in the sand at even the possibility that they will?
LPL reports strong first quarter with assets up to $1.8T, earnings above consensus

6 days ago | investmentnews.com | Steve Randall

LPL Financial reported its latest earnings after the markets closed Thursday and showed increases in key metrics including net income, total assets, and both organic and recruited growth. The broker-dealer’s total assets gained 25% year-over-year to more than $1.8 trillion thanks to record organic net new assets of $71 billion, up 16% on an annualized basis.
Fixed income, alternative investments were powerful combo in Q1

1 week ago | investmentnews.com | Steve Randall

The first quarter of 2025 brought a flurry of activity for investment managers, as concern around US trade policy saw equity markets fall and fixed income options proving more favorable. And when bonds were combined with alternative asset allocations, it helped large US institutional investment funds to outperform peers that had larger allocations to equities according to the Northern Trust universe of 377 funds with assets of $100 million or more with a total asset value of $1.4 trillion.
Finra extends feedback period on rule modernization

1 week ago | investmentnews.com | Steve Randall

Finra wants to update any of its rules that are outdates and has extended a consultation period for stakeholders to provide feedback. The regulator recently launched Finra Forward, a wide-ranging review of its rules and regulatory framework to modernize requirements, facilitate innovation and eliminate unnecessary burdens.