FA News

Wells Fargo Agrees To Sell Retirement Unit For $1.2 Billion

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Principal Financial Group will take control of Wells Fargo's retirement plan services unit.

Chalice Financial Cuts Prices For Advisors, Offers Guarantee

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Technology firm experienced better-than-anticipated growth in first months of operation.

Volatility, Politics Top Investor Fears In Q1, RIAs Say

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Nearly all RIAs surveyed said their clients were reallocating portfolios due to market volatility.

SEC Poised To Approve ETFs That Hide Their Secret Sauce

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The SEC plans to okay Precidian Funds’ structure that exempts active ETFs from daily disclosures of holdings.

Advocate For Women Advisors Appointed CEO Of KMS

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Errin Ford becomes one of only a handful of female CEOs heading a major financial services firm.

Goldman Considers 'A World Without Buybacks.' It Looks Ominous

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A ban on buybacks would spur stock volatility and a drop in P/E ratios, Goldman says.

Bank CEOs Should Prepare For Bashing In Congress, Analysts Say

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It may have something to do with the congressional hearing's title: "Holding Megabanks Accountable."

FAANG's $800 Billion Rally Has Mom And Pop Calling It Quits

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The rising share prices of Amazon, Facebook, Netflix and Apple have convinced many shareholders to cash in.

Rust Belt Turns To Munis To Breathe Life Into Dead Factories

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Old manufacturing centers are being transformed into trendy apartments and shopping plazas.

Quant Strategies Misfire As Stock Rally Pumps Up Cost Of Safety

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A toxic combination of fickle trends and macro angst is making factors behave in similar ways.

JPMorgan Sees 'Violent' Markets On Volatility-Liquidity Loop

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As volatility increases, liquidity decreases, worsening price moves, a JPMorgan analyst says.

Big Deductions Could Await Your Business-Owner Clients

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Nearly 24 million taxpayers could be eligible for qualified business income deductions, the IRS says.

Inflated Credit Scores Leave Investors In The Dark On Real Risks

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Debtors are riskier than their scores indicate because the metrics don’t account for the robust economy, analysts say.

JPMorgan Says Stock Traders Are Looking At The Wrong Yield Curve

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JPMorgan strategists predict the curve might stop flattening and end up steepening into the second half of the year.

92% Of Advisors Using Social Media To Gain New Clients

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More than half of advisors surveyed said they use social media for business development and client relations.

Jan van Eck: Bitcoin ETFs Will Likely Get Approved . . . Eventually

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The CEO of VanEck ETFs says the bitcoin industry is striving to address the SEC’s concerns about the cryptocurrency.

Bond Traders Betting On Rate Cut Scratch Heads On Trump QE View

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They don't see any reason for the quantitative easing called for by President Trump.

Top Fund Manager Says China Stock Rally Just Getting Started

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India is also still largely untapped by foreign investors, he said.

Joe Biden Viewed As The Most Market-Friendly Democratic Candidate

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Sen. Elizabeth Warren, meanwhile, is seen by investors as the least stock friendly, a survey said.