FA News

Can Goldman Survive In The ETF Market?

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With the $3 trillion in exchange-traded funds worldwide expected to double by 2020, Goldman Sachs is preparing to launch its first line of ETFs.

Next Gen Advisors Needed, NAPFA Says

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More young people are coming into the financial industry and they are needed to work with young clients, say NAPFA leaders.

Study: Advisors Flock To Social Media

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More advisors are using multiple social media networks to find their clients, and a recent study by Putnam Investments suggests that by doing so, they're also finding success.

Schwab: RIAs Hire More Women Than Other Financial Firms

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RIAs hire more women than the financial industry as a whole, but the number of female executives is still low, Schwab says.

Subcommittee Chair Zeros In On Young Savers As Fiduciary Rule Victims

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They will be particularly hurt because they will not be able to get advice at the start of their efforts to save for retirement, he says.

Can Donald Trump Be Stopped?

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Many campaign scalps may be claimed by the fiercest killer in this presidential race, says this observer.

NAPFA: Clients Do Not Know Their Protections Are Being Debated

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NAPFA leaders say clients do not know a DOL fiduciary rule is being considered.

Source Says Broker Ended Up A Pawn Between Warring Firms

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Peter Schiff's Euro Pacific and Oppenheimer are battling over a client raid that took place over Memorial Day weekend.

BlackRock Names Salim Ramji To Head U.S. Wealth Advisory

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BlackRock named Salim Ramji head of its U.S. wealth advisory business, succeeding Frank Porcelli, as the world’s biggest asset manager pushes to attract more retail clients.

SEC Bars Advisor Who Allegedly Bilked NFL Stars

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An advisor to some of the NFL’s biggest stars allegedly used funds he was supposed to invest in a real estate and casino project to pay for a Lamborghini and a $2.8 million luxury home.

Munnell: Small Fed Rate Increases Will Disappoint Retiree Savers

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The Fed may soon start raising interest rates, but savers won't see much benefit any time soon, experts say.

Obama Targets Money-Manager Tax Break In Budget Fight

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President Obama is using the backdrop of an impending government shutdown to pressure Congress to end a tax break exploited by private-equity managers, venture capitalists and some hedge fund...

How To Evaluate The Costs Of Studying Abroad

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Studying abroad may be an alluring idea in college. But the cost makes it a reality for only about 300,000, or 1 percent.

Bitcoin ETF Arrives . . . Sort Of

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A fund from ARK Investment Management is the first ETF to invest in bitcoin, the company says.

SEC Issues Cybersecurity Regulations For Advisors, B-Ds

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A top priority for examiners will be to ensure companies have policies to prevent theft of customer information, the SEC said.

Bill Cosby Seeks To Dismiss AIG Insurance Lawsuit

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The comedian asked a federal judge to dismiss or put on hold a lawsuit in which AIG seeks to avoid paying for his defense against sexual abuse claims.

Facebook Testing Alternative To 'Like' Button

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Facebook Inc. is working on options besides the "like" button for users to weigh in on their friends’ postings, Chief Executive Officer Mark Zuckerberg said in a public Q&A.

Women Lag Behind Men In Retirement Savings, Study Says

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Women need to make up more ground in retirement savings than men, a new study says.

Here's How Wide The Retirement Gap Is Between Men And Women

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Men are short of a standard goal by $270,000. Women? Half a million dollars, according to a new report.