FA News

Krawcheck Laments $13 Trillion Retirement Gap As Women’s Crisis

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The burden of the retirement savings shortfall in the U.S. will weigh heavily on women, according to Sallie Krawcheck, a former executive at Bank of America Corp. and Citigroup Inc.

Billionaire Singer Lauds Gold As Central Banks Keep Rates Low

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As central bankers prop up bond and stock markets with near-zero interest rates and bond purchases, gold is being overlooked, according to Elliott Management’s Paul Singer.

Finra To Propose Investment Rules To Protect Elderly

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Finra, aiming to protect elderly clients from scams and their own diminished mental capacity, will propose rules requiring brokers to identify—when an account is opened—a "trusted" person who can...

UBS To Pay $19.5 Million To Settle Structured Note Charges

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UBS AG has agreed to pay $19.5 million to settle SEC charges that it misled U.S. investors about the value of structured notes based on a proprietary currency index.

Goldman's Fels Says Long-Term Care Insurance Is 'Ripe for M&A'

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Mergers and acquisitions may pick up for companies that are seeking to unload blocks of long-term care insurance, said Patrick Fels, a banker at Goldman Sachs Group Inc.

Mutual Fund Companies No Longer A Market Bright Spot

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The era of making a broad bet on mutual fund companies as a way to play America's self-funded retirement boom appears to have ended.

Buffett Says Corporate Execs Worry Too Much About Activists

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Warren Buffett said corporate executives who are seeking to fend off activist investors should return to the basics and consider skipping strategies pitched by Wall Street.

Shareholder Activists Wooing Pension Funds

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Shareholder activists are increasingly wooing pension funds and other institutional investors, according to a new report.

Wage Gains Seen Accelerating For Workers At Small Companies

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Small companies in the U.S. see wage growth accelerating in coming months after 23 percent said in September that they recently boosted worker compensation.

Earnings To Sing The Economy's Blues

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This U.S. earnings season the data from the frontline is about to confirm the broader economic narrative: Things aren’t so great.

Financial Advisors Should Be Fiduciaries, Investors Say

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A majority of retirement plan participants want their advisors to put the clients' interests first, a new survey says.

Boomers Face Grim Retirement, Report Says

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Baby boomers are caught between not enough savings and a long retirement, the Insured Retirement Institute says.

SEC Slams Advisor For S2.5M ‘Make A Lot Of Money’ Scam

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The SEC obtained a federal court judgment against a Las Vegas investment advisor’s scheme involving a company Malom, an acronym for ‘Make A Lot Of Money.’

Wealthy Investors Dodge Fantasy Sports Mania

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Fantasy sports is taking the nation by storm and attracting a wary eye from regulators, but it's those with $100,000 or less in assets who are most involved in the activity, according to Spectrem...

Congress Axes A Lifeline For Small Colleges

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The Perkins Loan program, which has been a source of college financial aid since 1958, is no more.

What To Do In Retirement

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BusinessAdviceSource.com has some ideas about where retirees can direct their energies to stay active or to earn a little income.

Edelman Financial Sells Majority Interest To Hellman & Friedman

by FA Staff

Edelman Financial Services (EFS) announced today that private equity firm Hellman & Friedman (H&F) has acquired a majority interest in the Fairfax, Va.-based independent financial planning firm.

BrokerCheck Link Rule Approved

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The rule doesn’t go as far as state regulators wanted.

Are Biotech ETFs Ready To Rebound From Recent Rout?

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Swirling controversy and overall market upheaval have brought biotech’s lofty valuations closer to Earth.

Walter Gerken, Who Led Pacific Life In Pimco Era, Dies At 93

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Walter Gerken, the former insurance executive who helped build Pacific Investment Management Co., which went on to oversee the world’s biggest bond fund, has died. He was 93.