FA News

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68% Of Retirees Fear Outliving Their Savings, Schroders Survey Says

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The top cause of concern was inflation, especially healthcare costs.

New Focus Financial CEO Explains Changes To RIA Aggregator's Acquisition Strategy

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Other firms in the Focus network could merge if that's what they want, CEO Michael Nathanson said.

Goldman Sees Delayed Trump-Biden Election Call As Trading Risk

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A prolonged decision could spur a surge in market volatility, the firm said.

Biden Wants to Tax IRAs Over $10 Million, Require Mega RMDs

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The president's budget proposal would also end backdoor Roth conversions for the wealthy.

Wall Street Has Culled Some 1,000 Mutual Funds In Past Decade

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While 95 new mutual funds have debuted this year, 123 have already shuttered.

Private Equity's $3 Trillion Burden Sparks Hunt For Exit Options

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A return to true health in the IPO pipeline could take until next year.

'Seriously Underwater' Home Mortgages Tick Up Across The U.S.

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The trend is more pronounced in a swath of southern states.

Advisors See Clients Being More Open About Estate Planning, Edward Jones Says

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Clients are bringing more family members into the conversation, a company survey found.

LPL Completes Acquisition Of $8B California B-D

by FA Staff

Crown Capital Securities of Orange County manages $6.5 billion in assets.

Record Wave Of Americans Fled Big Cities For Small Ones In 2023

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An increase in remote workers has helped drive the boom.

Raymond James Lures $800M Advisor Quintet From Commonwealth

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Lightship Wealth Strategies of Lower Falls, Mass., operates with a team of five advisors.

Americans Are Racking Up 'Phantom Debt' That Wall Street Can't Track

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Consumers have embraced 'Buy Now, Pay Later' products that allow them to pay for purchases in installments.

Trump Individual, Estate Tax Cut Renewal To Cost $4.6 Trillion

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The estimate is more than double the cost of the original Trump tax cuts.

Morningstar Says DOL Rule Will Save Investors $87B Over Next 10 Years

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Investors in small retirement plans and those who roll over into annuities will reap the greatest savings, researchers found.

Blackstone, Starwood Split On Commercial-Property Market Risks

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Real estate transactions have declined globally for seven consecutive quarters.

Gen Z Is Relying On Debt More Than Millennials Did At This Age

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Gen Z consumers ages 22 to 24 have higher debt levels and delinquency rates for a number of credit products.

Morgan Stanley Sees Momentum Behind China Indexes Fading

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The firm's strategists said the momentum behind the rally will probably be short-lived.

Reddit Shines In First Earnings Report, Sending Stock Soaring

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The text-based social media company said it now has more than 82.7 million global daily users.

Rents Set To Be Last Domino To Fall In Global Inflation Battle

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Rent inflation rose 7.7% in the first three months of 2024 from a year ago.

AdvicePay Promotes Executive To President

by FA Staff

The advisor billing and compliance advisor platform promoted Kelsey Lewis to president.

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