FA News

GOP Tries To Regroup On Obamacare Repeal As Trump Lashes Out

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Senate Majority Leader Mitch McConnell said the chamber will vote on a straight repeal-- a proposal with even steeper hurdles than his replacement bill.

What Wall Street Is Saying About Health-Care Bill's Collapse

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Economists led by Alec Phillips suggest passage of health legislation within the next several months remains possible.

Accelerating Earnings Will Send S&P To 2,700, Morgan Stanley Says

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The second-quarter earnings season is set to beat the consensus, the firm's equity strategist says.

Student Debt A Major Reason Millennials Aren't Buying Homes

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A new report quantifies the negative impact of the significant rise in college-related borrowing.

New U.S. Subprime Boom, Same Old Sins: Auto Defaults Are Soaring

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It’s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud.

Morgan Stanley: Accelerating Earnings Taking S&P 500 To 2,700 This Year

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The bank says there’s still juice in the equity rally.

Variable Annuities As Pension Plans? Consider A VAPP

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The Milliman Sustainable Income Plan is technically a defined benefit plan, but benefits adjust with the plan's performance.

UBS Invests In iCapital, Initiates New Partnership

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UBS will leverage iCapital to automate its alternative investment offerings within its wealth management business.

Fiduciary Benchmarks Introduces IRA Rollover Tool

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Fiduciary Benchmarks has launched a tool to simplify the process of making DOL rule-complaint rollover recommendations.

Schwab Preps For First ETF Since 2013

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The company has filed for a fund that would track a proprietary index of the 1,000 largest U.S. companies.

Schwab Says Affiliated RIAs See Steady Growth, Richer Clients

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Advisors using the Schwab platform have seen median 10% annual AUM growth the past five years, the company says.

Nothing Wrong With 'Lifestyle' Advisor Practices, Study Says

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Advisors are often encouraged to scale up to an enterprise practice, but a new study says this isn't always a good path.

Vanguard's $4.4 Trillion Man: Can New Boss Keep Raking In Cash?

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Vanguard's new president is facing a world in which cheap market-tracking index funds are everywhere.

JPMorgan Just Had The Most Profitable Year In The History Of Banking

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The outstanding results happened despite trading results that were below analysts' expectations.

Dimon Says Being An American Abroad Is 'Almost An Embarrassment'

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The JPMorgan CEO said the media should be focused on major U.S. issues such as infrastructure and education.

BlackRock Cuts Fees, Rolls Out Self-Indexed Bond ETFs

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The company joins a list of ETF providers creating their own indexes.

This Is One Inheritance You Don't Want

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If parents have trouble fulfilling their financial responsibilities, this study says there's a good chance their children will, too.

Vanguard CEO McNabb To Step Down As Investment Chief Takes Helm

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Under McNabb, Vanguard more than tripled in size as investors embraced the low-cost index funds for which it is best known.

LPL Prepares Mutual Fund Platform To Comply With DOL Rule

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The "mutual fund only" platform will reduce fees and standardize compensation for financial advisors, LPL said.