FA News

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Morningstar Says DOL Rule Will Save Investors $87B Over Next 10 Years

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Investors in small retirement plans and those who roll over into annuities will reap the greatest savings, researchers found.

Blackstone, Starwood Split On Commercial-Property Market Risks

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Real estate transactions have declined globally for seven consecutive quarters.

Gen Z Is Relying On Debt More Than Millennials Did At This Age

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Gen Z consumers ages 22 to 24 have higher debt levels and delinquency rates for a number of credit products.

Reddit Shines In First Earnings Report, Sending Stock Soaring

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The text-based social media company said it now has more than 82.7 million global daily users.

Morgan Stanley Sees Momentum Behind China Indexes Fading

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The firm's strategists said the momentum behind the rally will probably be short-lived.

Rents Set To Be Last Domino To Fall In Global Inflation Battle

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Rent inflation rose 7.7% in the first three months of 2024 from a year ago.

AdvicePay Promotes Executive To President

by FA Staff

The advisor billing and compliance advisor platform promoted Kelsey Lewis to president.

Coin Seller Scammed Retirement Account Holders Out Of $50M, SEC Says

by FA Staff

The company targeted older conservatives and people with 401(k)s, IRAs and other retirement accounts, the agency said.

Finra Bars Northwestern Rep For Allegedly Processing Policies Without Clients' Consent

by FA Staff

Multiple clients of Michael Gerard Gravelyn said they had not signed policy applications.

Powell's Public Confidence Nears Historic Lows, Gallup Finds

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Amid persistent inflation, politics drives the Fed chairman's low approval rating.

Corporate America Is Set To Save Stock Market Rally, Goldman Sachs Says

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Buybacks have picked this year, with big tech at the forefront.

AmeriFlex Acquires W Source, A Networking Platform For Women

by FA Staff

AmeriFlex is aiming to reach gender parity among its partner advisors.

David Einhorn Says Markets Are 'Broken.' Here's What Data Shows

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The money manager says rampant passive investing has undermined the hunt for value.

JPMorgan Sees Opportunities In High-Yield Credit

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High-yield is playing a bigger part in investors' portfolios, says a firm report.

$830M Team From Janney Joins LPL Independent Platform In Conn.

by FA Staff

Thimble Island Private Wealth is affiliated with LPL's Strategic Wealth Services.

SoFi Settles With Finra In $1.1M Penalty Over Thieves' Use Of Accounts

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Thieves used the B-D's cash management accounts to transfer millions from outside institutions.

Former First Republic Advisors Battle JPMorgan To Keep $90M In Loans

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The advisors contend they were victimized by the failed bank.

Global Bond Rally Faces Supply Test As U.S. Refunding Starts

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The Treasury kicks off $125 billion of sales this week. It will test the global bond rally.

One Out Of Every 24 New York City Residents Is Now A Millionaire

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Despite the exodus talk, New York City's residents still have more wealth than those in other metros.

Archegos Trial Cast Led By Hwang, CFO And Polo-Playing Trader

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Here are the players in the criminal trial following the collapse of Archegos Capital.

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