FA News

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Baby Boomers Are Loving The 'Freedom' Of Renter Life

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The boomer generation prefers the flexbility of renting a home versus buying.

Former Jefferies Rep Suspended For WhatsApp Communications, Finra Says

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Ariel Rivero used the app to secretly attempt to settle a dispute with a client, the regulator said.

Advisors Who Hang On Too Long Are Failing Clients, Dynasty Execs Say

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A firm with no succession plan will lose value, clients and next-gen talent, they said.

Ed Slott Sees Boomer Retirements, Layoffs As 'Amazing Opportunities' For Advisors

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Now is the ideal time for advisors to turn 401(k) account holders into clients, he said.

Bill Gross Sells GameStop, AMC Options To Cash In On Meme Mania

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The trades comes weeks after Gross sold options underlying former president Donald Trump's media firm.

Core CPI Cools For First Time In Six Months In Relief For Fed

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Economists see the core gauge as a better indicator of underlying inflation than the overall CPI.

Two Veteran Merrill Lynch Advisors Move To RBC In Maryland

by FA Staff

The Barnes Group and the Pollard Team manage a combined $900 million in client assets.

Meme-Stock Mania Revival Hits Short Sellers With Over $1 Billion Losses

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Most of the losses incurred by short sellers on the meme stocks' spikes happened in the last two sessions.

S&P 500 Is Going Nowhere Through Year-End, Goldman's Kostin Says

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The firm's chief US equity strategist predicted “roughly a flat return from now until the end of the year.”

The Great 'Vibecession' Rages Through An $11 Trillion Stock Boom

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The stock market may be cheering up rich Americans, but it's doing little to invigorate the less affluent.

Vanguard Names BlackRock Executive Salim Ramji To Succeed Buckley As CEO

by FA News

Ramji's experience building BlackRock's ETF and indexing business operations made him an attractive candidate.

Wall Street Casino Is Open For Business As Meme Stocks Take Over

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Meme stock darlings GameStop and AMC Entertainment have skyrocketed in value in the last few days.

New Group Aims To Keep Politics Out Of Pension Investing

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The nonprofit Alliance for Prosperity and a Secure Retirement includes BlackRock as one of its founding members.

TradePMR Appoints Pstullo Chief Product Officer

by FA Staff

Industry veteran Jon Patullo has spent more than two decades in the advisor technology space.

Goldman Sachs Offers Advisors Alt Investing Lending Option

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The Goldman Sachs Advisor Solutions program allows eligible advisors to borrow against their alternative allocations.

Black Advisor Group Blasts DOL Independent Contractor Rule

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The Association of African American Financial Advisors said the rule could cost Black advisors clients and jobs.

Critics Claim New College Financial Aid Form An Appalling Flop

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The overhauled financial aid form used by most colleges promised simplicity. But parents and students have hit a wall.

Powell Reiterates Fed Likely To Keep Rates Higher For Longer

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The Federal Reserve chairman said that he expects inflation will move lower on a monthly basis.

Billions Exit Thematic ETFs As Traders Move On From Buzzy Themes

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Thematic allocations were all the rage during the stay-at-home trading boom three years ago.

Goldman Says Hold Stocks With Upside More Likely Than Downside

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The S&P 500 has recouped the bulk of its losses from last month's rout.

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