FA News

HighTower Makes Strategic Investment In $1B Lexington Wealth

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HighTower, acquired a stake in Lexington Wealth Management, a Mass.-based advisor with $1 billion AUA.

New Hampshire Law Empowers Advisors To Protect Senior Clients From Financial Fraud

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The FPA backed a similar law that was enacted in Arizona earlier this year.

McKinsey Sees ‘Ominous’ Signs Of Another Asian Debt Crisis

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Two decades after the "Asian flu" struck financial markets, there are symptoms of a recurrence.

Trump’s Trade War Is Keeping The Dollar Strong, Not The Fed

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The Dollar Index rallied to the highest in more than two years in August as investors sought shelter.

White House Dismisses Payroll Tax Cuts As Slowdown Prevention

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More tax cuts for individuals are being discussed, but payroll taxes aren’t under consideration.

GE Risk From Reserve ‘Plague’ Worse Than Average, Fitch Says

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General Electric may be burned by its exposure to long-term care insurance.

LPL Provides Tools To Assist Advisors With Acquisition And Monetization

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The San Diego-based RIA said the new solutions are in response to feedback from advisors and will simplify their lives.

Epstein Created Trust With $578 Million Days Before Suicide

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By placing all of his assets in a trust, Epstein could shield their distribution from the public.

Volcker Rule Revamp Takes Shape, Marking Big Win For Wall Street

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Banks complained that Volcker was exceedingly complex, making the rule difficult to comply with.

Bitcoin Pioneer Skeptical Of The Latest Satoshi Nakamoto

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The latest person claiming to be the mysterious Bitcoin founder goes by the name James Caan.

Hedge Funds Throw Heft Behind 2019’s Best-Performing Currency

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The yen has risen over 3% against the dollar in 2019, more than any other G-10 currency.

Frank Bub Joins CAPTRUST As Senior Director Of Advisor Group

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CAPTRUST, with more than $340 billion in client assets from offices nationwide, has hired Frank Bub as senior director of the firm’s Advisor Group, according to a news release.

Stock Whiplash Spurs Worst Run Of ETF Withdrawals In Six Months

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Almost $18 billion fled U.S.-listed equity ETFs during the past three weeks.

Percent Of Americans Covered By Health Insurance Fell In 2017

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It was the first decline since the start of the Affordable Care Act, a new report says.

Academic Paper Attacks Dual-Registered Hybrid Advisors

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The hybrid advisor approach might favor smaller investors, but it's still dogged by brokers' conflicts, research says.

Treasury Seizes Moment To Revisit Ultra-Long Bond Proposal

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The idea has fallen flat in the past, but now might be its moment.

New York City Offers Free Salary Negotiation Classes For Women

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Women in New York earned 88% of what men did in 2016, data shows.

American Dream Out Of Reach For Many As Home Prices Remain On Upswing

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A slight decline in home prices barely made a dent in affordability in the San Francisco Bay Area.

The Record High Price Of Some Muni Bonds Erases The Tax Breaks

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U.S. Treasuries that mature in one year are providing bigger after-tax yields.

Trump Urges Fed Cut Of 100 Basis Points, Cites World Economy

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He also accused Democrats of hoping for an economic downturn ahead of the presidential election.