FA News

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S&P 500 Is Going Nowhere Through Year-End, Goldman's Kostin Says

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The firm's chief US equity strategist predicted “roughly a flat return from now until the end of the year.”

The Great 'Vibecession' Rages Through An $11 Trillion Stock Boom

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The stock market may be cheering up rich Americans, but it's doing little to invigorate the less affluent.

iCapital To Launch Customized Alternative Model Portfolios

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The move comes a week after the firm launched its first model portfolios.

Vanguard Names BlackRock Executive Salim Ramji To Succeed Buckley As CEO

by FA News

Ramji's experience building BlackRock's ETF and indexing business operations made him an attractive candidate.

Wall Street Casino Is Open For Business As Meme Stocks Take Over

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Meme stock darlings GameStop and AMC Entertainment have skyrocketed in value in the last few days.

New Group Aims To Keep Politics Out Of Pension Investing

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The nonprofit Alliance for Prosperity and a Secure Retirement includes BlackRock as one of its founding members.

TradePMR Appoints Pstullo Chief Product Officer

by FA Staff

Industry veteran Jon Patullo has spent more than two decades in the advisor technology space.

Goldman Sachs Offers Advisors Alt Investing Lending Option

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The Goldman Sachs Advisor Solutions program allows eligible advisors to borrow against their alternative allocations.

Black Advisor Group Blasts DOL Independent Contractor Rule

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The Association of African American Financial Advisors said the rule could cost Black advisors clients and jobs.

Critics Claim New College Financial Aid Form An Appalling Flop

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The overhauled financial aid form used by most colleges promised simplicity. But parents and students have hit a wall.

Powell Reiterates Fed Likely To Keep Rates Higher For Longer

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The Federal Reserve chairman said that he expects inflation will move lower on a monthly basis.

Billions Exit Thematic ETFs As Traders Move On From Buzzy Themes

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Thematic allocations were all the rage during the stay-at-home trading boom three years ago.

Goldman Says Hold Stocks With Upside More Likely Than Downside

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The S&P 500 has recouped the bulk of its losses from last month's rout.

Wall Street Reaps 97% Return By Trading Emerging Markets 'Special Situations'

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Buying debt from the riskiest countries is helping some managers outperform the market.

BofA Strategist Hartnett Warns Stock Rally Is Exposed To Stagflation Risk

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The rally in U.S. stocks has slowed as economic growth shows signs of stumbling while inflation stays sticky.

How One Of The World's Oldest Hedge Funds Went Bankrupt

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Weiss Multi-Strategy Advisers collapsed after years of high spending.

Arizona Advisor Spearheads Tax Law That Aids Retirees

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Matthew Benson has helped enact state laws that benefit retirees on several fronts.

Habitual DOL Rule Violators Face 10-Year Rollover Ban, Attorneys Say

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Companies and advisors who breach the fiduciary rules also face excise taxes and possible class-action suits.

Former Conn. Advisor Indicted For Alleged $4M Investment Scam

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John Masanotti Jr. spent client money on home mortgages, luxury cars and country club expenses, prosecutors said.

Fossil Fuel Underperformance Costs Investors Billions, Environmental Group Says

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The sector has lagged the market over the past 10 years, the group said in a research report.

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