FA News

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Summers Says Trump Tax Ideas Mean 'Mother Of All Stagflations'

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Relying on tariffs for revenue would lead to a “downward spiral” in the economy, the former Treasury secretary said.

Former CEO Of $2.3B Baldwin Brothers Launches High-EndRIA

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Harmony Wealth, headed by John Mannix, will focus on clients with more than $25 million, sources say.

Yes, Everyone Really Is Sick A Lot More Often After Covid

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At least 13 communicable diseases are surging past their pre-pandemic levels in many regions.

Foreign Investors Have Been Propping Up U.S. Bond Market This Year

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Overseas investors may still be getting encouragement from an improving macroeconomic outlook for the U.S.

Wells Fargo Penalized $495K For Allegedly Using Advisor's Name

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The bank used the advisor's name on its website long after he left the company, Finra said.

Firms Still Trying To Figure Out DOL Rule's Fiduciary Exceptions, Attorney Says

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The rule provides advisors, brokers and agents three routes for avoiding fiduciary mandates, attorney Fred Reish said.

Institutional Managers Upping Ante On Alternative Investments, Study Says

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More than half of surveyed institutional managers are planning to increase alt allocations, the study found.

Mass. Broker Barred By SEC For Allegedly Abetting Boss's Scheme

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The advisor had already been barred by Finra for allegedly helping her supervisor hide the scheme from LPL.

U.S. Pensions Compete With Gulf Funds For First Shot At PE Deals

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US pension funds are rapidly losing ground to deep-pocketed Middle Eastern sovereign wealth funds.

Nuveen Taps William Huffman As CEO

by FA Staff

He replaces Jose Minaya who had led the division for four years.

Medicare Updates Star Ratings That Inform Insurers' Payments

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The updated ratings will determine bonus payments for Medicare Advantage plans for 2025.

Money-Market Funds Hit All-Time High Of $6.12 Trillion

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Retail investors have piled into money funds since the Fed began its tightening campaign in 2022.

Traders Shun Risk As French Turmoil Rattles Globe

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Equities dropped around the world, with French stocks this week losing roughly $200 billion in market capitalization.

Advisors Reveal The 'Secret Sauce' To Servicing The Ultra-Wealthy

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Advisors need branding, new services and a secret sauce to deliver them, said experts at INSITE 2024.

Fed's Favored Inflation Gauge Set To Rise By Least In Six Months

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Producer prices declined in key categories that feed into the central bank's preferred metric.

AllianceBernstein Converts Two Mutual Funds To ETFs

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The converted funds will be active; they include a short-duration income fund and a high-yield product.

Finra Bars Former Pruco Rep Accused Of Misappropriating Client Funds

by FA Staff

Rosaline Alam was fired by Pruco for being named in a client's will, the regulator said.

23 State Officials Ask Congress To Stop SEC Trade-Tracking Program

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Republicans have argued the tracking program violates investors' civil liberties.

Wells Fargo Says Fired Employees Used Keyboard Simulators To Fake Work

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The bank says more than a dozen employees got the boot for using software tools to simulate work activity.

Producer Prices Surprise With Biggest Decline Since October

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The producer price index for final demand decreased 0.2% from a month earlier.

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