FA News

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Sixth Street, Co-Owner Of NBA's Spurs, Plans To Launch Sports Fund

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The fund will seek to invest in sports teams and leagues, media rights and related businesses.

'Magic Number' For Retirement Saving Growing Faster Than Inflation, Study Says

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The savings Americans say they need to retire has increased 50% since 2020, according to Northwestern Mutual.

Bond Market Parties On As Jobs Data Revive Fed Rate-Cut Bets

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Data showing a softening job market raised investors' hopes for rate cuts starting this year.

Rockefeller Lands $1B Morgan Stanley Team in Charlotte, N.C.

by FA Staff

Landau Wealth Partners is led by longtime Morgan Stanley advisors Adam Landau and Ramy Georgy.

El-Erian Says 'Goldilocks' Jobs Report To Please Fed, Markets

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The economist said the new data should bring relief to global markets.

Trump Media's Accounting Firm Accused Of Massive Fraud

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BF Borgers CPA PC will pay $14 million to settle the probe, the agency said.

Insurance Industry Group Files First Lawsuit Against DOL Fiduciary Rule

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Other industry opponents to the new fiduciary requirements have hinted they will mount their own legal challenges.

Washington Trust Got $2.1M In Settlement With Four Advisors, Execs Reveal

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The trust company accused the advisors of departing and subsequently stealing its clients.

Private Equity Largely Absent From IPO Market's Recovery

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Only two private equity-backed IPOs over $100 million have been completed this year.

Even The World's Most-Envied Retirement Plan Is Falling Short

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Australia's pile of cash won't completely sustain the country's aging population.

Vanguard Urges Investors ‘Right-Size' Toward Bonds On Fed Delay

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The world's second-largest asset manager sees the potential for better risk-adjusted returns for bonds than stocks.

JPMorgan Unveils IndexGPT In Next Wall Street Bid To Tap AI Boom

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The bank launched a new range of thematic investment baskets that were made with the help of AI.

Jobs Post Smallest Gain In Six Months As Unemployment Rises

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A new report signaled further evidence that demand for workers is moderating.

Vanguard Looks At Market Timing And Sees A Terrible Idea

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Market timing leads to unnecessary losses, the company's research arm says.

Cetera Releases Active ETF Lineup

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The competition for ETF research platforms catering to RIAs is heating up.

NAPFA Endorses DOL's Fiduciary Rule

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The CFP Board has also expressed support for the rule, while the FPA has raised issues about compliance costs.

Md. Advisor Who Faked Suicide Gets 3.5 Years For Bilking Elderly Client

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Eddy Blizzard stole $1.4 million from the late client, causing him to lose his house.

Hedge Funds Buying Protection With Defensive Stocks, Goldman Says

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Healthcare saw the biggest inflows, the investment bank said.

N.H. Advisor Ordered To Pay Nearly $6M Penalty For High-Risk Investments

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Thomas Chadwick sold mom-and-pop investors highly leveraged notes that became worthless during the pandemic, state regulators said.

Parents Are Taking On Majority Of Their Kids' College Costs, Northwestern Mutual Says

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A survey found that 95% of savers want to pay for more than half of their children's higher education costs.

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