FA News

Private Equity Seen As Top Investment For Endowments In 2019

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Endowments and foundations still target private equity investments as markets are expected to be flat.

Banks Suffering Isn't Over Yet, Wall Street Says With Downgrades

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Banks are expected to struggle with low loan growth moving forward.

Apollo To Ares Seek Washington Help To Propel Risky Credit Boom

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Private equity firms are seeking legislative permission to ramp up risk.

Goldman Says Commodities Won't Repeat 2015 Crash As China Slows

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Despite a slowing economy, China is unlikely to cause a commodities rout, according to Goldman Sachs.

Underlying U.S. Inflation Picks Up To Keep Fed Hike On Track

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Rising costs in healthcare, housing and used cars place upward pressure on inflation.

18-Year-Long Ponzi Scheme Costs Elderly Victims $9 Million

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A Long Island, N.Y.,broker pleaded guilty to bilking victims of their retirement money.

Tariffs, Schmariffs . . . Global X Launches Suite Of China ETFs

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Five funds focus on specific sectors; the other is a large-cap product.

Real Work In Advisor Mergers Begins After The Closing, HighTower CEO Says

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When an advisor firm trades hands or merges, the focus should be on the years after the deal is done, he said.

Morgan Stanley Calls Out Investor Bias Against Women, Minorities

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Investors are biased against businesses run by women and minorities, a survey by the firm concluded.

Minorities Suffer Most From Wealth Inequality, Study Finds

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Americans are disproportionately impacted by financial inequality, according to a Prudential survey.

401(k) Plan Participants Contributing At Record Levels, Survey Says

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Plan participants now save an average of over 12 percent of their income in 401(k)s, the survey found.

Broker Charged Greek Vacation To PWC Expense Account, Finra Says

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Thomas Cooper was barred from the securities industry after padding expense accounts for over a a year, Finra said.

UBS Shuffles U.S. Wealth Unit To Capture More Billionaires

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UBS also is trying to lure more clients in China and Latin America.

Dell To Return To The Stock Market Five Years After Buyout

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Dell will relist as a financially stronger and more diverse leader in computer equipment and software.

Morgan Stanley Warns 'Winter Is Coming' For Midcap Bank Stocks

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The market is valuing bank shares as if the economy is headed toward recession, a firm analyst said.

Reverse Mortgages Seen By Advisors As Option Of Last Resort

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Advisors have warmed somewhat to reverse mortgages, but only for specific client situations.

Mercer Advisors Buys Bell Wealth Management

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The acquisition is its fourth in Texas since 2016.

HNW Clients Want More Than 'Good' Service From Their Advisors

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Wealthy clients are looking for a full array of services and a high level of trust, an SEI study says.

Even BlackRock Has No Idea Which Brexit Outcome Is Worth A Bet

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"We have no idea where this is going to ultimately end up,” a BlackRock strategist said.

Madoff Victims Get $419 Million Payment 10 Years After Arrest

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That would bring total payouts over the past decade to more than $12 billion.