FA News

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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.

What Fed's Rate-Cut Delay Means For U.S. And World

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The delay in easing monetary policy has big implications for the U.S. economy.

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.

Bond Market Splits From Fed Again By Betting On 2024 Rate Cuts

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Policymakers kept rates steady and dialed back their forecasts to just one quarter-point rate cut this year.

Fidelity Adds New Features To Platform With Envestnet's Help

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The firms want to integrate the tech offerings they've built and cut down on the multiple portals.

JPMorgan To Wager On Weight-Loss Boom With $500 Million Fund

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The new class of weight-loss drugs has exploded in popularity in recent months.

Private Lenders Storm Public Bond Markets At Record-Setting Pace

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The buying spree comes as the leveraged buyouts that are often financed by private credit have been drying up.

SEC Says New York Man Defrauded Haitian-Americans Out Of $1.65M

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Marc Henry Menard allegedly lured investors with promised returns of 10% to 20% a month.

JPMorgan Asset Management Sees Stocks Powering On In Second Half

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The firm expects "healthy earnings growth" as the Fed ends its money-tightening campaign.

Rate-Cut Hopes Trigger Rally For Ditched Real Estate Stocks

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Real estate stocks are still the S&P 500's only losers this year.

Clients Might Want To 'Use Not Lose' Expiring Estate Tax Exemptions

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Wealthy clients might want to take basic exclusions on estate and gift taxes before they're cut in half.

Raymond James Adds Former Wells Fargo Advisor In Michigan With $200 Million

by FA Staff

Michael Dempsey joined Raymond James & Associates, the firm's employee advisor channel.

A Family Trust Accuses Its Unregistered Pa. Advisor Of Stealing More Than $5M

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A late professor's family says Thomas Pipich used money for himself and to prop up other investments

Planning For Retirement Income Gets Easier, Thanks To Tech

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A panel at INSITE 2024 delved into the tools and strategies for unwinding retirees' assets.

Gundlach Says The Next Recession Will Be A 'Very Ugly Experience'

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The last decade is not going to be a helpful guide for the future, he said.

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