FA News

Candidates Sought For Research Paper Award

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The award will be given for the best research paper on the topic of behavioral finance.

ICI, SIFMA Experts: Cutting Stock Market Conflicts Could Save Investors Money

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Retail investors are hurt by a system that pits the interests of broker-dealers against them, said ICI and SIFMA experts.

UPS To Freeze Pensions For 70,000 Workers To Reduce Costs

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Starting in 2023, UPS will begin a 401(k) plan placing between 5% and 8% of a worker’s eligible salary into the plan.

U.S. Stocks Sink Most Since May, Treasuries Slide

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Investors grew uneasy amid a global cyberattack and another setback to the Republican agenda in Washington.

Upward Mobility More Unlikely For Americans: IMF Report

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The group blames tech changes, low productivity growth, smaller income increases for higher skills, and an aging population.

Warn Clients About New Scams Involving The IRS

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The IRS is warning about two tax scams.

Hospitals Attack GOP Health Bill In $1 Million New Ad Campaign

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Powerful hospital and medical school lobbying groups are spending at least $1 million on television ads opposing Senate Republicans’ plan to repeal and replace Obamacare...

California Moves Forward On Letting Customers Sue Banks

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Under the bill, judges could override contract clauses that require customers to settle disputes through arbitration in certain cases.

$3.5 Billion UBS Honolulu Team Moving to Raymond James & Associates

by FA Staff

Raymond James' retail unit has recruited six advisors managing $3.5 billion to its Honolulu branch.

Go Short On American Stocks Says This $500 Billion Fund Firm

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An AllianceBernstein team is betting against U.S. equities and Russell 1000 indexes.

Fed Up With Tax Stalemate, FedEx CEO Pushes Alternative Solution

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The FedEx plan increases employer Medicare taxes and limits tax cuts for high-income “pass-through” entities like LLCs.

TIAA: U.S. Equities Are Risky Like 2-Year-Old On Jungle Gym

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Stockholders who profited from the surging U.S. equity market need to be on guard against a reversal, says TIAA's investment strategist.

Clients Think They're Middle Class? Most Probably Aren't

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Many people feel they are part of the middle class, but their incomes do not support that belief, says Northwestern Mutual.

U.S. Election, Syrian Crisis Affect Charity

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Fidelity Charitable reports changes in philanthropic donations.

Golden Age In Property Investing Fades But Market Still Strong: PGIM

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There is no evidence of mispricing in major markets, leverage has been reduced and prime real estate is priced around fair value.

SEC Wins Latest Round Over How Its Judges Are Appointed

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The case was brought by an individual who was sued for fraud by the SEC.

Raymond James Scoops Up $500M South Florida Trio From Wells Fargo

by FA Staff

Three Palm Beach Gardens-area advisors have joined Raymond James.

The Credit Card Rewards War Rages. Are Clients The Losers?

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Americans are turning to credit cards more often, asking for fat perks. Some are asking for trouble.

Goldman Says ETF Sales In 2017 Will Beat 2015 And 2016 Combined

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But Goldman expects ETF demand to dip slightly in this year’s second half.

Why Americans Feel So Good About A Mediocre Economy

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People are upbeat even though economic activity doesn’t look very robust.