FA News

Employers Can Allow Workers To Use 401(k) Match To Pay Student Loan Debt

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A new benefit program lets workers allocate 401(k) matches to their retirement account or student loan debt -- or a combination of both.

Is It Easy To Manage Money? Advisors Say No; Consumers Say Yes

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A disconnect exists between the people trying to save money and those trying to help them, the CFP Board says.

Debt-Free College Bill Resurfaces As Democrats Shape 2020 Runs

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Two Democratic lawmakers are moving ahead with legislation to tackle ballooning student-loan debt.

Majority Of Wives Defer To Spouse On Financial Planning, UBS Says

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Women across the globe shy away from their household's long-term planning decisions, a new survey says.

How A No. 1 Fund Survived, Learned From Great Recession

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Ariel Fund ranked No.1 out of 219 in Lipper’s Mid-Cap Core universe since the market bottom on March 9, 2009.

UBS Promotes Advisors To Challenge BofA, Morgan Stanley For Rich U.S. Clients

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UBS is the world’s biggest wealth manager, but its American wealth operations are smaller than rivals.

Arnault Tops Buffett To Become World's Third-Richest Person

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A luxury-goods titan has eclipsed the Berkshire Hathaway chairman to become the world’s third-richest person.

Family Dynamics, Rather Than Dollars, Complicate Estate Planning

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Advisors have to prompt clients to start estate planning conversations, says Key Private Bank.

Spurned ESG ETFs Get A Boost From Vanguard

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The Vanguard ESG U.S. Stock ETF attracted $101 million last week.

Financial Fraudsters Targeting Advisors, Compliance Expert Says

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The Federal Trade Commission saw a dramatic rise in financial fraud last year.

New Jersey Millionaires' Tax A Double-Edged Sword For Investors

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New Jersey's wealthy come under tax scrutiny again as Gov. Phil Murphy proposes raising income tax levies.

JPMorgan Ends Financing Of Private Prisons After Criticism

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The private prison industry is "too risky" according to JPMorgan Chase.

Tariff-Man Trump To Preside Over $100 Billion Jump In Trade Gap

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Despite his populist rhetoric and policies, the trade deficit has widened thus far during Trump's tenure.

Wall Street Firms Said To Cut Deal To Clean Up Shady CDS Trades

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The deal could put an end to derivatives traders encouraging companies to default on their debts.

Summers Slams MMT As 'Fallacious' As Economics Battle Heats Up

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The former Treasury Secretary said that MMT could lead to hyperinflation and a "currency collapse."

Goldman Sees Crisis Echo In Big Stock Rally Bereft Of Buyers

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With so many investors sitting out the recent rise in U.S. stocks, analysts fear that the rally will be short.

U.S. Budget Deficit Widens 77 Percent As Revenue Declines

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Rising federal spending and declining tax revenues are ballooning the national budget deficit.

Some Key Ideas Behind MMT, The Theory Everyone's Talking About

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Democratic socialists' spending proposals depend on modern monetary theory for their theoretical support.

Wall Street Levy Gains Steam Among Democrats Drafting Tax Hikes

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Lawmakers are eying investors as a funding source via proposed wealth, investment, estate and transaction taxes.

Finra Fines Cantor Fitzgerald $2 Million For Short-Sale And Supervisory Failures

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As volume skyrocketed, Cantor failed to borrow or identify securities it was short-selling.