FA News

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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.

Raymond James Lures Advisor With $450M AUM From UBS

by FA Staff

Kalyn Walker joined Raymond James & Associates in San Diego after nine years at UBS.

John Miller's New Junk Muni Fund Hits $1 Billion In Five Months

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Market-wide, high-yield muni funds have gained $5.7 billion this year.

Dividend Payouts Are Latest Sign Of Big Tech's Financial Muscle

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Various technology firms have sparked rallies this year by introducing quarterly payouts.

Edelman Financial Engines Buys $453M Soundmark Wealth In First 2024 Deal

by FA Staff

The acquisition of the Kirkland, Wash., firm expands Edelman's footprint in the Pacific Northwest.

Stubborn Inflation Poses Risk To Upgraded U.S. Economic Growth Forecasts

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So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum...

A Doomsday Recession Mentality Is Keeping The S&P 500 Strong

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Companies are shoring up their bottom line, cutting costs and stockpiling cash.

Advisors Urged To Look At 18-Month Investment Horizon

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The Macro Institute advocates for a long-term investment outlook that focuses on worldwide trends.

NYSE President Sees More Companies Pursuing Public Offerings

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About 25 companies on the exchange have had IPOs this year, she said.

Goldman Strategists Say Loss-Making U.S. Companies Face Rates Risk

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The majority of unprofitable growth stocks are tech-related, the firm says.

Hong Kong And China Stocks Are On A Tear. Should You Invest?

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A tech-fueled rally is luring investors back to the world's second-largest economy. But will it last?

DOL's Fiduciary Rule Vulnerable To Court Rejection, Law Firm Says

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The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.

AITi Global Buys Midwest Family Office With $3B AUM

by FA Staff

The acquisition of management-owned Envoi of Minneapolis is expected to close in the third quarter.

Inheritances Be Damned: Clients Want To Spend While They Still Can, Advisors Say

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In the wake of the pandemic, more clients are seizing the moment and putting their money to use before they die.

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