FA News

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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 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.

BofA Strategist Hartnett Warns Stock Rally Is Exposed To Stagflation Risk

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The rally in U.S. stocks has slowed as economic growth shows signs of stumbling while inflation stays sticky.

Wall Street Reaps 97% Return By Trading Emerging Markets 'Special Situations'

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Buying debt from the riskiest countries is helping some managers outperform the market.

How One Of The World's Oldest Hedge Funds Went Bankrupt

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Weiss Multi-Strategy Advisers collapsed after years of high spending.

Arizona Advisor Spearheads Tax Law That Aids Retirees

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Matthew Benson has helped enact state laws that benefit retirees on several fronts.

Habitual DOL Rule Violators Face 10-Year Rollover Ban, Attorneys Say

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Companies and advisors who breach the fiduciary rules also face excise taxes and possible class-action suits.

Former Conn. Advisor Indicted For Alleged $4M Investment Scam

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John Masanotti Jr. spent client money on home mortgages, luxury cars and country club expenses, prosecutors said.

Raymond James Lures Advisor With $450M AUM From UBS

by FA Staff

Kalyn Walker joined Raymond James & Associates in San Diego after nine years at UBS.

Fossil Fuel Underperformance Costs Investors Billions, Environmental Group Says

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The sector has lagged the market over the past 10 years, the group said in a research report.

John Miller's New Junk Muni Fund Hits $1 Billion In Five Months

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Market-wide, high-yield muni funds have gained $5.7 billion this year.

Dividend Payouts Are Latest Sign Of Big Tech's Financial Muscle

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Various technology firms have sparked rallies this year by introducing quarterly payouts.

Edelman Financial Engines Buys $453M Soundmark Wealth In First 2024 Deal

by FA Staff

The acquisition of the Kirkland, Wash., firm expands Edelman's footprint in the Pacific Northwest.

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