FA News

Betterment Provides Charitable Giving Ability

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The robo-advisor is adding more financial planning services.

Schwab Exec Predicts Morgan Stanley Protocol Exit Will Backfire

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However, Bernie Clark predicted other wirehouses probably would follow Morgan Stanley's lead.

SEC Rejects Last-Minute Push To Delay Stock Trade Database

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The system, known as the CAT, is among the biggest databases ever conceived, meant to track billions of orders a day.

Bankrupt Puerto Rico May Skip Principal And Interest Payments

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Puerto Rico is considering suspending debt-service payments for five years, a lawyer said.

Amazon Cashierless Store Almost Ready For Prime Time

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It's an ambitious effort to transform the brick-and-mortar shopping experience by eliminating the checkout line.

Wells Fargo Repays $5.4 Mln For Repossessing Service Members' Cars

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Wells Fargo has repaid another $5.4 million to about 450 military service members whose vehicles it repossessed illegally.

California's Famed Cancer Warnings Imperiled By Federal Push

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The effort could challenge laws like Proposition 65, a set of rules that’s been immortalized in warning signs and labels across California.

Fidelity Wins Whistleblower Retaliation Case By Ex-Employee

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A jury rejected a claim that Fidelity retaliated against a worker because she accused the company of defrauding investors.

A Majority Of RIAs Seek Actively Managed Products, Survey Says

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But advisors also want their active solutions to come with low costs.

Market Rally Will Continue In 2018, T. Rowe Price Managers Say

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But returns will be more modest, and investors need to choose equities carefully, portfolio manager Ann Holcomb said.

Former Advisor Built Luxury Car Collection Off Client Accounts, SEC Says

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Jay Costa Kelter used clients’ money to buy a Lamborghini and other luxury cars, the SEC alleges.

BNY Mellon Launches New Asset Manager

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The firm is combining three business to create a multi-boutique asset manager.

SEC Fines Wells Fargo $3.5 Million For Failed Client Account Oversight

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Wells Fargo Advisors neglected to report or keep track of 50 cases of suspicious account activity, the SEC said.

Wall Street Penalties Have Fallen In Trump's First Year, Study Says

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The SEC sought $3.4 billion in sanctions, which is its lowest total since 2013.

U.S. To Dominate Oil Markets After Biggest Boom In World History

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The U.S. shale boom is shifting the balance of power in the oil market.

'Irrational Exuberance' May Rule The Roost In Stock Markets

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Investors see stocks as overvalued but remain bullish on growth.

Credit Suisse Says It's Time To Feel Sorry For The Millennials

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Younger age groups are suffering from low wealth and a run of bad luck, the bank says.

Tech Firms Are Next Threat To Asset Managers, Moody's Says

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Traditional stock-pickers have been battered by competition from cheaper passive funds and the rising cost of regulation.

Brokers’ Firms Sell For 50% of Advisor Firms That Follow Fiduciary Rules

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You really can put a dollar figure on investor trust.

Middle-Income Folks Could Be Doing More With Their 401(k)s

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A MassMutual study finds middle-income people benefit less from 401(k)s than higher earners.