FA News

The Best-Paid Hedge Fund Managers Made $7.7 Billion In 2018

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Even for this Gilded Age of 0.0001 percenters, Kenneth Griffin drips money.

Buffett’s Business Partner Pushes Back On Wealth Tax, Says It’s Oversimplified

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Charles Munger also criticized states including Connecticut and New York for “driving out all the rich people.”

Minority Women Untapped Group Of Potential Clients

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Most clients of black, white and Latino advisors are white. This advisor offers insight on serving minority women.

Allianz Says Investors Pulled $35 Billion In Choppy Markets

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The German insurer that owns PIMCO saw outflows spike as clients fled volatile markets in the fourth quarter.

OpenInvest Offers ESG Investors A Customizable Digital Solution

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The digital firm has a "mix and match" system for portfolio construction.

Commodity Trading Giants Hunting For Investors Find Few Takers

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Instead, they're taking on debt to boost liquidity and monetize insiders' shareholdings.

U.S. Growth Outlook Weakens On Retail Data As Fed Caution Rises

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Falling U.S. retail sales numbers from the fourth quarter are raising recession concerns.

Rich Snowbirds Are Trading Vacation Homes For Resort Residencies

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Resorts provide a no-upkeep alternative to owning or sharing a vacation home.

Stock Volatility Won't Save Actively Run Funds, Bernstein Says

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Volatility is not going to spark new investments in actively managed products, says Bernstein chairman and CEO.

Fed's Brainard Backs Ending Balance-Sheet Unwind In 2019

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The move would pause the path of quantitative tightening in hopes of easing market volatility.

Treasury Department Says Fewer Refunds Better For U.S. Taxpayers

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The IRS also reports that taxpayers have been slower to file thus far this year.

How Deep Is Your Love? How Deep Are Your Pockets Is The Question

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Relatively benign inflation means Valentines Day is only slightly more expensive for most consumers this year.

MetLife CEO Defends Stock Buybacks Alongside Employee Benefits

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Steven Kandarian argues that companies can take care of both their employees and their shareholders.

Goldman Sachs Says S&P 500's Epic Bounce Is Set To Peter Out

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Not only will the equity rally stall, Goldman also calls for more modest returns moving forward.

Amazon Scraps Plan To Build A Headquarters In New York City

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After opposition from prominent progressives, Amazon has decided not to bring 25,000 jobs to Queens.

Texas Broker Overcharged Fund Investors By $1.6 Million, Finra Says

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Kestra Investment Services of Austin failed to apply fee waivers to eligible clients, Finra said.

Fidelity Charitable Donors Grant A Record $5.2 Billion

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Doctors Without Borders was the favorite charity among Fidelity's donor-advised fund investors.

Ron Carson’s RIA Accused Of Overcharging By Client Seeking $500,000

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The client alleges that Carson improperly notified a product sponsor that the client had terminated the RIA.

Advisor360° Signs Software Licensing Agreement With MassMutual

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Advisor360°, a new stand-alone technology company owned by Commonwealth Financial Network, has entered into a licensing agreement with Massachusetts Mutual Life Insurance Co. (MassMutual).

Your Next Steak May Not Start With A Cow

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Alternative proteins, including cloned meat, are opening investment opportunities, according to Cornerstone Capital Group.