FA News

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Luma Makes Annuities Available To Pershing Advisors

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Luma's platform provides annuity products along with marketing and education tools.

Philanthropists Up Ante When Disaster Strikes, Vanguard Charitable Says

by FA Staff

Charitable giving for emergencies leads to more overall donations, the donor-advised fund organization said.

Muni Funds Lose Most Cash Since 2022 With Fed Delaying Cuts

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Municipal bond funds saw an outflow of $1.5 billion during the week ended Wednesday.

Buying This Dip Is Better Than Cash, BNY Mellon Wealth CIO Says

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The S&P 500 is on track for a third straight week of declines.

Coho's Private Wealth Team Spins Out Into $425M Aurdan

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Aurdan co-founders Eric Hildenbrand and Steven Mills will focus on individual clients.

GOP Senators, Manchin Move To Kill SEC Climate Disclosure Rule

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The agency's rule calls for stricter disclosure by public companies about climate-related risks.

With Hot Inflation Data, Wealth Managers See Second Chances For Investors

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Advisors say stubborn price growth buys time for potentially lucrative moves.

Economists Boost U.S. GDP Forecasts, See Fed Rates Higher For Longer

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Surveyed economists now see a 30% chance of a recession over the next year, down from 35%.

Are Rates High Enough? Fed Resets Clock On Interest-Rate Cuts

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A recent string of consumer price data has muddled the Fed's inflation trajectory.

At 5% Yields, Investors Find It's Worth Paying For Actively Managed Bond Funds Again

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Active funds are outpacing passive index funds as clients seek income.

New York's Rich Get Creative To Flee State Taxes. Auditors Are On To Them

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High earners need to prove the location of everything from pets to Pelotons to show they've changed residency.

Treasury Rally Fades As Rush For Haven Assets Starts To Wane

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The yield on 10-year Treasurys has climbed almost a full percentage point from a low in late 2023.

TD Investors Meet As Probe, CEO Succession Fuel Frustration

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The bank's shareholders meeting comes as the firm contends with a probe into its anti-money-laundering controls.

Huge Bond Wagers Make Some Hedge Funds Too Big To Fail, IMF Says

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Only a handful of funds hold most of the short positions in Treasury futures.

Putnam Agrees To Buy New England Area Trust Company

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The acquisition of Darwin Trust will bring trust services to Putnam's wealth management platform, company officials said.

Coming Wave Of 'Peak' Boomer Retirees Is In Serious Trouble, ALI Study Says

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The retirement surge will impact people's lives and the national economy, a former Clinton administration official said.

Companies Need To View Worker Benefits As An Investment, Nuveen Says

by FA Staff

A company study suggests that comprehensive benefits increase employee productivity.

Why There Is Chocolate Crisis And What's Happening To Prices

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Chocolate plants are shutting and market liquidity is tumbling.

Stagflation Trade Is Roaring Back In S&P 500's Month Of Pain

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Sectors across the US and Europe that are more exposed to inflation risk have seen their equities under pressure.

Expect More Older Americans To Keep Working, Consultant Says

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The drive for extra income will have more people working into their 80s or even 90s, he said.

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