FA News

Allison Felix Named President At Cassaday & Co.

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The wealth management firm, where Felix started as an executive assistant, has numerous female leaders.

Bill Gross's Slumping Fund Sees $580 Million Of Outflows This Year

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Gross’s fund ranked last in first-half performance among 44 peers in its Bloomberg category.

Supreme Nominee Overturned SEC's 'Merrill Lynch Rule' In 2007

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Some in the advisory industry view the Supreme Court nominee as someone who respects the fiduciary standard.

Oaktree Fined $100,000 By SEC Over Conflicted Political Giving

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The contributions went to officials who influence where state pension funds put their assets, the SEC alleged.

Ex-Heartland CEO Sued By SEC For Giving Deal Tip To Girlfriend

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Former CEO Robert Carr gave her $1 million to buy shares as part of the insider-trading scheme, the SEC alleges.

What Would Your Clients Pay To Live By The Water? The Premium Is Falling

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It could be the rising sea levels, storms or the fact that the prices of land-locked homes are rising faster.

A Record Number Of Americans Are Quitting Their Jobs

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About 3.5 million workers left positions in May, the most since 2000.

Retirees Go Back To School To Live Out Golden Years On Campus

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Senior communities are now being built in the middle of college campuses.

SEC Bars Two Former ITT Tech Execs For Alleged Student Loan Fraud

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The former CEO and CFO of the defunct college system agreed to settle fraud charges related to student loans.

Critics Skeptical Of SEC Plan To Test Best-Interest Rule With Consumers

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Just asking consumers if they like the rule doesn't go far enough, one consumer advocate argued.

Hedge Funds Facing Trump's Trade War Crossfire Feel The Pain

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Political risk is acting as a headwind in the mergers and acquisitions market.

Goldman Leans On Dealmakers To Feed Wealth-Management Ambitions

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Goldman wants to win rich wealth management clients through its involvement with liquidity events.

A U.S. Recession Indicator Flashes Red For Leuthold's Paulsen

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Analytics involving U.S. corporate bonds are signaling a recession, he says.

Barclays Joins Morgan Stanley In Challenging Small-Cap Rally

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Small caps may be prone to aftershocks from the trade war, analysts said.

SEC Bars Ex-LPL Rep For $1.8M Annuities Fraud, Follows Finra, Massachusetts

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Roger Zullo was previously barred from the industry by Finra and Massachusetts regulators.

Half Of ICOs Die Within Four Months After Token Sales Finalized

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Investors should probably sell their coins within the first six months, a study found.

Pastor Convicted Over International Hacking, Insider-Trading

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Prosecutors called him the central figure in a scam that made millions off hacked corporate press releases.

Voya Advisors Get New Capabilities

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They can offer clients a line of credit and compliantly text with them.

Scaramucci Says His Political Foray 'Cost Me A Lot'

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The SkyBridge Capital founder saw his firm lose $1.7 billion in client assets after he joined Trump's administration.

FPA Launches Client Behavior Study

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The FPA has joined a project that will look at why clients behave the way they do.