FA News

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Mercer Advisors Launches Private Markets Platform For Clients

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The firm will open private investments to clients with at least $5 million in assets.

Homebuyers Are Starting To Revolt Over Steep Prices Across U.S.

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House hunters are getting hit with a double-whammy: high prices and high mortgage rates.

Advisors Who Go Independent Hold On To 86% Of Clients, Schwab Survey Says

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The study found that advisors considering independence now have a wide variety of options to consider.

Hiring Pace For Low-Income Workers Still Robust, Vanguard Says

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Data show the U.S. hiring rate in April climbed to an 18-month high.

Wall Street Tests Market Fallout Of A Trump-Biden Rematch

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Traders are already preparing for the risk of stock-market swings around the November vote

Higher Rates For Longer Mean No Escape From The Debt Squeeze

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The highest interest rates in years are taking a toll from the US to Australia.

RBC In N.J. Recruits $885M Advisor From J.P. Morgan

by FA Staff

The Taggart Group of Florham Park, N.J., is headed by advisor Michael Taggart.

Health Insurers Flash Warnings Over Unexpected Medical Costs

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Health insurance companies say they're losing profits as states remove millions from the Medicaid program.

Wall Street Billionaires Are Rushing To Back Trump, Verdict Be Damned

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A growing number of financial elites are throwing their weight behind Trump.

UBS Completes Historic Takeover As Credit Suisse Ends

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Credit Suisse struggled to adapt to a changed banking landscape after the financial crisis.

Fed's Favored Inflation Gauge Cools, Spending Unexpectedly Drops

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The report offers Fed officials some solace about the pathway for inflation.

Raymond James Jumps Into Hot Private Credit Sector

by FA Staff

Raymond James has partnered with asset manager Eldridge Industries to offer private credit solutions.

Raymond James Adds Advisor Team With Nearly $1B AUM

by FA Staff

Raymond James added five advisors who worked at Truist Asset Management in Atlanta.

Advisor Ordered To Repay Morgan Stanley $5M In Promissory Note Battle

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A Finra arbitrator sided with the firm's contention that Frederico Cardona failed to honor promissory note agreements.

Va. Breakaway Advisor Duo Joins Dynasty Network

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The Richmond-based advisors managed $750 million at Salomon & Ludwin, according to Dynasty.

Is It Worth It To Report Your Own Rule Violations To The SEC?

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The agency's enforcement chief says it's always a good idea and often leads to more leniency.

Advisors Urged To Educate Americans About 529 Plans

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An Edward Jones survey found that half of adults didn't know what a 529 plan was.

Traders Are Bracing For Record-Smashing Summer That Will Shake Up Commodities

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High prices for food and energy frustrate the Federal Reserve's inflation fight.

Goldman's Waldron Says Fed Needs To ‘Slay The Inflation Dragon'

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“Inflation is clearly moderating but it's still sticky,” he said.

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