FA News

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Morgan Stanley Sues Ex-Advisor For Allegedly Soliciting Former Colleague's Clients

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Morgan Stanley accuses Nicholas Takahashi of stealing confidential client information before switching to Raymond James.

Health Stocks Slide As Trump Picks Industry Skeptic Kennedy

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Health stocks slumped on Friday as Wall Street weighed the impact that prominent vaccine skeptic Robert F. Kennedy Jr...

Want To Meet A Millionaire? Best Chance Is In Bay Area

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About one in 127 jobs in the US pays more than $500,000 a year, a new study says.

Crypto Asset Manager Bitwise Buys $3.7B Ethereum Staking Provider

by FA Staff

Attestant, based in London, will boost Bitwise's crypto assets to more than $10 billion.

'Rates Will Be A Lot Lower' In 12-18 Months, Fed's Goolsbee Says

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The Chicago Fed chief said it makes sense to slow rate cuts at some point amid uncertainty over where the neutral rate is.

Republican Election Sweep Emboldens Trump's Tax Cut Dreams

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The incoming Republican majorities in Congress mean Trump can enact a tax bill without making concessions to Democrats.

Druckenmiller Leads Family Offices Boosting U.S. Bank Stock Bets

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Investors have wagered the industry is set to be a key beneficiary of Trump's promise to lower taxes and cut regulations.

Trump Win Boosts Firms' Optimism About Putting PE in 401(k)s

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Critics argue that private equity doesn't belong in 401(k)s because of higher fees and more risk.

Michael Burry Boosts China Stakes But With Cautious Hedges

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Burry's investment firm, boosted its holdings of Alibaba by almost 30% to 200,000 shares.

Fed's Powell Says No Need to Hurry Rate Cuts With Economy Strong

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Powell's remarks prompted traders to pare back expectations for a December rate cut.

Fink Pushes BlackRock Into High-Stakes Bet On Private Markets

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The investment giant is moving to compete with the biggest players in private markets.

Women Rely On Each Other's Advice When Picking Advisors, Edward Jones Says

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Surveyed advisors told the company that many of their female clients were referred by other women.

Vanguard To Investors: Time To Get Out Of Cash

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Further rate cuts by the Fed should open up opportunities for investors, the fund giant said.

Hightower Sues Seattle Advisor, Says It Colluded With Ex-Employee To Steal Clients

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The lawsuit is the latest chapter in an ongoing legal battle between Hightower and one of its former advisors.

Financial Industry Holding Its Breath On Next SEC Chief

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SEC Chairman Gary Gensler hasn't given any hints on whether he'll step aside with the coming of Donald Trump.

Father-Son Team Exits Osaic To Join LPL Platform

by FA Staff

Prosperity Investment Management in Chico, Calif., the latest Osaic advisor firm to move to LPL.

CAPTRUST Buys $5B Boston Financial Management

by FA Staff

The deal adds three new locations and 45 employees to CAPTRUST's already robust presence in Massachusetts.

RIA Consolidators Double Advisor Headcount, Control $1.5T AUM: Cerulli

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Headcount jumped from 6% to 14% of overall RIA channel since 2018, and assets from 8% to 18%, Cerulli Says.

Household Debt At New Record Is Squeezing Low-Income Americans

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Younger consumers and lower earners faced more strain last quarter.

Bitcoin Briefly Tops $93,000 On Trump Agenda, Fed Policy Outlook

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The crypto rally is driving peak trading volumes and inflows at U.S. bitcoin exchange-traded funds.

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