FA News

Legg Mason To Pay $34 Million To Settle Qaddafi-Era Libyan Bribery Charges

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The SEC alleges that between 2004 and 2010, Legg Mason earned $31.6 million from the Libyan bribery scheme.

Fed Paper Questions 'This Time Is Different' Yield Curve Theory

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The paper added that the yield curve “provides no sign of an impending recession.”

A Succession Plan For Working Until Death

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A Virginia hybrid RIA firm continues to iron out the details of its succession plan.

Starter-Home Affordability Hits A Decade Low

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Starter homes are now more costly to purchase than at any time since 2008.

S&P 500 Riding 'Perfect Wave' To New Highs, Evercore's Ross Says

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Stocks are experiencing a "uniquely bullish" environment, he said.

New ETF Focuses On Women’s Empowerment

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The fund from Impact Shares invests in companies with business practices aligned with gender-equality standards.

IRS Further Spells Out Who Benefits From Pass-Through Deductions

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Real estate and insurance brokers are among the groups relieved to hear they qualify for the deductions.

Pimco's Ivascyn Says Trade Tensions May Actually Benefit Economy

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Trade tensions with China may persist for years, he added.

Forget The 401(k), Stem Cell Benefits May Let You Cheat Death

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But the technology isn’t here yet and the likelihood you’ll ever be able to use them is slim.

Promised 8% ROI, Investors Now Offered 16% Loan To Recoup Lost Woodbridge Money

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About 10,000 investors, many of them retirees, were swindled out of $1.2 billion in a Ponzi scheme.

The Star Businessman Who Ignores His Investors to Make Them Rich

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Stock owners, he says, come only fourth in his list of priorities.

New York, Connecticut Taxpayers Still Have Options To Beat SALT

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The two states included some Plan B options in their legislation to ease the potential tax hike for residents.

Gold Bulls Seen Waiting A Bit Longer For The Great Short Squeeze

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Bullion futures rebounded as dovish Federal Reserve comments were seen weakening the dollar.

Sustainable Investing Added At Founders Financial

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The new offerings are designed for long-term growth and cover the risk spectrum.

Raymond James Recruits $1 Billion Wells Fargo Advisor Team

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The veteran advisor team hails from Manhattan.

Three Advisors Recognized With The FPA's 'Heart' Award

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The Heart of Financial Planning Award recognizes advisors with competence, integrity, relationships and stewardship.

Most Active Funds Can't Beat Passive, Even With Volatility: Morningstar

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It turns out that active managers were less likely to outperform passive funds during early 2018.

Norway $1 Trillion Fund's Plan To Dump Big Oil Meets Resistance

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A government commission on Friday recommended against Norway's plan to divest from petroleum stocks.

Sanctuary Wealth Buys $1 Billion RIA In Indianapolis

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Winthrop Capital brings an expertise in institutional and private client investing, according to Sanctuary.

Sorting Out 529 Plan College Savings In A Divorce

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Clients often forget it’s an asset, thinking it belongs to their child. It doesn’t.