FA News

Grantham’s GMO Dissolves International Stock Team As Assets Fall

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GMO's 10-person international active team was dismantled in June.

$2B Maryland RIA Becomes The Latest To Leave HighTower

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Verdence Capital Partners, based in Hunt Valley, Md., announced it has parted ways with HighTower.

HighTower Adds Three Professionals From High-Profile Firms

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HighTower, now with $50 billion in client assets, hired the creator of "Mad Money with Jim Cramer."

Gundlach Says Bond Wipeout Just Beginning As Bulls Rush For Exit

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A government bond rout that started in Europe is spreading to the U.S.

Short On Revenue, Finra Raises Fines, Freezes Top Salaries

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Faced with dwindling operating revenues, Finra has frozen the salaries of its top executives.

New AIG Executive To Get $15M Sign-On Bonus, $1.25M Salary

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The former head of Marsh & McLennan Cos Inc.'s brokerage business will become COO at AIG.

Millennials Are Financially Timid, But It's Not Because Of Trump

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Millennials are nervous investors, but it has more to do with recent financial crises than political tumult.

Thieves Faking Online Video Job Interviewers Proliferating, Finra Warns

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Some of the scamsters are pretending to be a range of legitimate organizations -- including Finra itself.

Robot Wars: Knee Surgery Marks New Battleground For Companies

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Robots may be a better way for your baby boomer clients to replace their knees as they wear out.

Bitcoin To $50,000 Is Latest Call From Prolific Stock Picker

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Bitcoin will double to $5,000 next year, and reach $25,000 to $50,000 in the next decade, he predicts.

One Hour Of Their Time Could Save Senior Clients Money And Their Lives

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One person 65 or over dies from a fall every 19 minutes. A free webinar aims to lower that statistic.

Pimco Income Fund Grows To $88.9 Billion As Inflows Continue

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The Pimco Income Fund last month extended its lead as the world’s largest actively managed fixed-income fund.

Payday Loans To California Seniors Tripled In A Year, But Why?

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An agency spokesperson said he had no idea what caused the increase.

Illinois Bonds Rally After State Moves To End Budget Impasse

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The state senate overrode Gov. Bruce Rauner’s veto to approve tax increases and the first full-year budget in two years.

SEC Sues Sister Of Convicted Ponzi Schemer

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The sister is accused of illegally profiting from her brother's Ponzi scheme.

Raymond James Financial Moving To Single Payout Grid

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The changes, prompted by the DOL rule, could represent a cut in pay for some advisors.

Ex-American Realty CFO Convicted Of Accounting Fraud

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Brian Block faces years in prison for manipulating and making up financial results at the REIT.

Consumers Urged To Check Credit Reports At Least Yearly

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The FTC reminded consumers that credit report problems can prevent them from buying a car or a home.

War Or Recession Might Be Needed To Break Low-Vol, Goldman Says

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That’s generally been the case for the 14 similar low volatility “regimes” since 1928, Goldman says.

Morgan Stanley Banker Fights For Bonus After $100 Million Year

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Lawyers on both sides are arguing over whether French law applies to the case.