FA News

Robo-Advisor Warns: The Zombies Are Coming, The Zombies Are Coming!

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What can zombies teach advisors about why they might be at risk from robo advisors.

Icahn Urges AIG To Split Into Three, Says It’s ‘Time to Act’

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Billionaire investor Carl Icahn says American International Group, in which he's a large stakeholder, should split into three companies.

DOL’s Fiduciary Rule Will Be Eased For Commissions, Says Association Head

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The Department of Labor will alter the proposed fiduciary rule to change commissions from impossible to workable, says the American Retirement Association's Marcy Supovitz.

Finra Disciplinary Actions Ease Off Their Record 2014 Pace

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Despite a recent plunge in Finra-imposed fines, the agency is still on track for among its highest fine totals ever, according to an independent analysis.

Top 100 CEOs' Retirement Savings Equals That Of 41% Of U.S. Families

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The Center for Effective Government and Institute for Policy Studies found that the 100 largest chief executive retirement funds are worth an average of about $49.3 million per executive.

Women Face Age Discrimination Earlier and More Often Than Men

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The National Bureau of Economic Research looked at employment applications and found "robust" evidence of age discrimination against female job candidates.

Old Psych Hospital in Dallas Reborn As Home For Money Managers

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Old Parkland looks more like a college campus than a hive of private-equity firms, hedge funds, foundations and family offices.

The Guy Plaguing Private Equity On Tax Now Targets Capital Gains

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Victor Fleischer, a law professor known for the crusade to end a tax break on carried interest, suggests Congress do away with the favorable tax rate for capital gains altogether.

Carlyle, Apollo Hit By Third-Quarter Market Rout

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Alternative asset managers followed peers on Wednesday in reporting that the third quarter's stock market plunge weighed on their earnings.

It Sounds Crazy. Oil Is Safer Than Treasuries For This Investor

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An investor in Seoul, Korea, says that while the Fed is ready to raise rates, the commodity market has corrected already. "I’m buying."

Life Insurers Admit To Offering ‘Kickbacks,’ Says Elizabeth Warren

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U.S. Senator Elizabeth Warren launched an investigation into 15 major annuity providers amid concerns about the "kickbacks" they offered to brokers who peddle products to retirees.

Financial Advisors Say Investors Demand To Have An Impact

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Socially responsible investing has growing impact with advisors, according to a new survey.

Americans Progress On Savings, But Lack Goals And Strategies

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Americans are now starting to save for retirement earlier, but lack important information about how much they need to set aside, says Natixis.

Wealthy Investors Fear Becoming Children's Burden, Survey Says

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Wealthy investors' greatest fear is becoming a burden on their children as they age, yet few are adequately planning for their health and long-term-care needs as they age, a new survey says.

20 S&P 500 Companies With The Best Dividend Yield

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This year has been up and down by almost every financial measure, but that hasn't stopped some companies from standing out in terms of dividends.

Compliance Firms Merge To Create Consulting Powerhouse

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Two compliance consulting firms announced their merger on Tuesday, creating a large full-service regulatory compliance firm focused on serving RIAs and broker-dealers.

Edward Jones, Four Other Firms Settle Over Mutual Fund Overcharges

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Edward D. Jones & Co and four other brokerages agreed to reimburse a combined $18...

Ex-ICAP Broker Paid $920,000 In 2010 With One Client

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Former ICAP Plc broker Darrell Read was paid close to 600,000 pounds ($920,000) in salary and bonuses in 2010 despite having only a single client: Tom Hayes.

Student Debt A National Crisis, Senate Dems Say

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With the first student loan repayments looming in November for one million 2015 graduates, Senate Democrats renewed their charge that college debt is a crisis Republicans are refusing to help fix.