FA News

Boston Hedge Fund Manager Arrested And Charged With Ponzi Scheme

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Raymond Montoya, who led the RMA Strategic Opportunity Fund, was charged by federal prosecutors.

Goldman's Quant Unit Rebuilt On Lessons Learned In 2007 Meltdown

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Without losing faith, the group has rebuilt the strategies with less leverage and more diversity.

Susan John To Head CFP Board's Board of Directors In 2019

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John was elected 2018 chair-elect of CFP Board of Standards' board of directors.

Inequality Shackles Young Women In Spite Of Their Fiscal Discipline

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Millennial women have higher credit scores but more debt than their male counterparts.

Fidelity: Retirement Account Balances Reach Record Highs

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The average 401(k) account balance shows a big leap from the average five years ago.

U.S. Planned Layoffs Fall, Says Outplacement Consultant

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The number of planned layoffs at U.S. companies dropped in July while job-opening announcements notched up.

U.S. Retail REITs Cannot Find Upside Despite Strong Numbers

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The share price of retail REITs is down by 30 percent or more over the past 12 months.

Invesco In Talks To Acquire Guggenheim ETF Business, Says Source

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Guggenheim has recently enjoyed net inflows into actively managed bond mutual funds and ETFs.

Index Giants Clash With Exchanges Over Shareholder Rights

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Indexes are starting to shun companies with multiple share classes, but exchanges are wooing them.

Morgan Stanley, AIG Advisor Group Execs Form New Wealth Management Firm

by FA Staff

The new firm immediately announced its purchase of two broker-dealers.

$7 Billion RIA Ronald Blue Sold To Thrivent Trust

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Thrivent bought the assets of investment advisor Ronald Blue & Co., which has become a trust business.

S&P Move ‘A Huge Win’ For ETF Investors

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Its move to bar companies with multiple share classes from its indexes improves corporate governance, observers say.

N.Y. Regulator Subpoenas Wells Fargo Over Unwanted Auto Insurance

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The bank said it had sold auto insurance to hundreds of thousands of customers who did not need it.

Rise Of Passive Investing Blamed For Decline in Wealth Management Deals

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Buyers and sellers are finding it difficult to agree on terms, says PricewaterhouseCoopers.

RIA Industry Hits New Records, But AUM Growth Slower Than S&P

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Retirement account withdrawals last year may be one reason AUM growth lagged S&P 500 returns.

JPMorgan Kept Loan Buyers in Dark About Probe, Lawsuit Says

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JPMorgan Chase is among four banks being sued for failing to tell investors of a probe into the billing practices of Millennium Health.

New U.S. Student Loan System To Be In Place In 2019

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Consumer and student rights groups say DeVos’s plan may make it harder to afford college and graduate school.

How The Prolonged Dollar Slide Reshapes The Investment Landscape

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Mega caps are benefiting while small caps are coming in below expectations. Look at emerging markets.

Trump's CEO Brain Trust Comes Up Short On Big Ideas For Policies

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Trump's business groups haven't met for months, say sources.

8 Charged In Pump-And-Dump Scheme

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Eight people from three states were charged in a pump-and-dump stock scheme.