FA News

Fund Fire Sale: Fees Fell By Record Amount In 2017, Morningstar Says

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The average cost of U.S. mutual funds and ETFs decreased to 0.52 percent in 2017, the research firm said.

Gundlach's Total Return Fund Beats Rivals With Low Duration

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“We turned maximum bearish on 10-year yields and bonds generally July 6, 2016,” he told investors.

Ex-HSBC Currency Trader Sentenced To Two Years In Prison

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Prosecutors said Mark Johnson comes from a currency-trading industry with “a culture of cheating.”

Pantera's Morehead Says Bitcoin Is 'Screaming Buy,' Bets On Icon

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The hedge fund CEO sees crypto growing into a $4 trillion asset class.

Helping Clients Use Their Assets To Fulfill Dreams

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Clients need help not just with growing their assets, but also putting their assets to productive use, this advisor says.

Deutsche Bank Plans To Cut U.S. Jobs By Over 10%

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It marks a retreat from years of trying to compete with Wall Street and putting a renewed focus on Europe.

Americans May Be Skipping Life Insurance Because They Don’t Understand It

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For many people, life insurance has gone from a “must have” to a “maybe” product.

LPL Cuts RIA Fees, Announces NTF Mutual Fund Platform

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Advisors with $25 million to $50 million on the LPL platform will see lower fees.

AARP Asks Court to Preserve DOL Fiduciary Rule

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The AARP says it will wage a court battle to reverse the ruling that struck down the rule.

Comey To Address Advisors At Pershing Conference

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Former FBI director James Comey will deliver the keynote at the Pershing INSITE conference in June.

The Flatter U.S. Yield Curve Is Roiling Mom And Pop Investors

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Holders of "steepener" securities are facing the prospect of minuscule or even zero coupons.

Goldman Joins Barclays, Citigroup On Structured Debt Platform

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The platform reflects how investors have embraced the idea of complex products becoming more standardized.

Facebook Surges After Sending Upbeat Message To Wall Street

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First-quarter sales topped estimates despite Facebook's controversial data scandal.

When Leaving Big Wall Street Firms, Don't Burn Your Bridges

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These financial professionals talk about the joys and fears of changing careers.

Time To Protect Your Clients

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Two managers are no longer bullish on equities.

Struggling Russians Turn to Day-Trading To Pay the Bills

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Four out of 10 families can't always afford food and clothing.

Fund Investors Fled U.S. Equities In March For Bonds, Foreign Stocks

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Over $20 billion flowed out of U.S. equity funds in March, according to Morningstar.

Conservatives Seek Work-Around On Capital Gains Inflation Indexing

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Hoping to bypass Congress, they are appealing directly to the Treasury secretary, Steve Mnuchin.

Apprenticeship Programs Can Help Advisors Identify Successors

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Just ask Susan Brown, a leading Wells Fargo Advisor.

Why Schwab’s CEO Bets Your Clients Won't Be Trading Stocks On Amazon

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Walt Bettinger has some friendly advice for Amazon’s Jeff Bezos: Think twice before getting into the investment business.