FA News

Principal Names CEO; Will Build On Retirement, Asset Management

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Principal Financial Group, with about $540 billion in AUM, promoted Daniel Houston to CEO.

Why 6 Million Americans Would Rather Work Part Time

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Many are abandoning the traditional career path their parents took and working just enough hours to pay the bills or pursue a passion.

Republicans Sketch Obamacare Alternative, Finally

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The GOP’s vision of health coverage naturally differs from that of the Democrats.

UBS Pays $750,000 Fine For Muni-Interest Snafu

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UBS Financial Services has agreed to pay a $750,000 fine to settle a Finra case over the misclassification of municipal bond interest payments.

BNY Mellon To Pay $14.8M To Settle SEC Anti-Bribery Case

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Bank of New York Mellon Corp. will pay $14.8 million to settle a U.S...

Got China? Two Big Emerging Market ETFs Diverge On Their Exposure

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The two leading emerging market ETFs have very different exposure to now-vulnerable Chinese stocks and will probably diverge further, says S&P Capital IQ.

10 Places Where Health Insurance Will Cost Retirees Less

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HealthView Services has created an app to tell advisors where their retired clients can spend the least on health insurance.

New Fiduciary Rule Will Cost Industry, Investors $3.9B, FSI Says

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FSI says new retirement plan fiduciary rule will force advisory firms out of business and hurt consumers.

Founder Of Pet Memorial Company Charged With Fraud By SEC

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Investors' money was used for alimony and travel instead of selling pet memorial products, the SEC says.

Harvard Joins Funds Using ETFs As Quick Way In And Out Of Junk

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Love exchange-traded funds or hate them, one thing is clear: The biggest investors are increasingly using them as a way to dabble in inefficient and opaque bond markets.

Fears Of Social Security's Demise Unfounded, Advisors Say

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As Social Security celebrates its 80th anniversary, many Americans are pessimistic about the program’s future. But many financial advisors say those fears are unfounded.

New Dallas Fed Head Is Harvard Prof, Ex-Goldman Exec Kaplan

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The Federal Reserve Bank of Dallas has named Robert Steven Kaplan, a former Goldman Sachs Group Inc. executive who left to teach at Harvard in 2006, as its new president.

Americans Looking For Retirement Plan Guidance, Survey Says

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With the decline in pensions, most people are responsible for steering their own retirement plans, but a recent study suggests they would rather have someone else take the wheel.

10 States Where Retirees' Health Insurance Costs Are Highest

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Costs for the basic health insurance policies desired in retirement can vary by 30 percent among states, HealthView Services says.

Citi Affiliates Pay $180M To Settle Hedge Fund Case

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Two Citigroup affiliates will pay almost $180 million to settle charges that they misled clients into investing in two hedge funds that collapsed during the financial crisis.

Most Americans Fail In College Savings Plans 101

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Nearly two-thirds of Americans do not know about the tax-advantaged 529 college savings plan, a new survey says.

New Guides Aimed At Elder Financial Abuse Prevention

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The Consumer Financial Protection Bureau is launching state-specific guides for elder financial caregivers.

Four 529 College Savings Traps Advisors Should Avoid

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Here are four traps that can keep clients from getting the most out of their accounts.

Nearly 75% Of CFAs Practice SRI, Survey Says

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Nearly 75 percent of CFA Institute-certified portfolio managers and analysts in the U.S. and Canada practice socially responsible investing, the group reported in a survey released Monday.

College Grads Gained 97% of 'Good Jobs' Created In U.S. Recovery

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A new report indicates that having a college degree is a key factor in successfully finding a job during the nation's sluggish economic recovery.