FA News

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Citi Traders Wager On Three Half-Point Fed Rate Cuts This Year

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The view that the Fed will kick off its easing cycle on Sept. 18 with a large cut has been gaining traction.

Older Clients' Charitable Vehicles Require Extra Tax Planning

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You should make sure your clients are giving the right way for tax efficiency.

A $165 Billion Wave Is Pushing Money Fund Assets To New Records

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Investors poured cash into U.S. money-market funds for a fifth straight week.

Millennials Have Turned The Tide On Retirement Readiness, Report Says

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The Center for Retirement Research said millennials have surged ahead of other groups.

Muni Debt Sales Set To Surge To Four-Year High Ahead Of Election

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Borrowers want to get ahead potential volatility from the November presidential election.

CFP Board Says Its Planners Earn 10% More Than Those Without The Marks

by FA Staff

CFP planners earned a median compensation of $192,000 in 2023, the board's study found.

AI-Powered Lie Detectors Can Help Tell If You're Lying On A Zoom Call

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AI lie detector startups say the tech could help employers screen workers or even help analysts parse earnings calls.

Nationwide Planning, Affiliates Blocked SEC Customer Complaints, Agency Says

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The New Jersey firms interfered with whistleblower laws when it had clients sign NDAs on compensation, the agency said.

Mortgage Rates In The U.S. Hold At The Lowest Level Since May 2023

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The rates gave home buyers a crack at the lowest loan costs they've seen in more than a year.

Amplify Launches Growth ETF With Call Options

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The asset manager is adding to a suite of covered-call products, this time with a growth stock bent.

Trump Media's 69% Plunge Wipes Out Billions Before Lockups End

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Once a high flier, the company is now worth less than $3.4 billion.

A Hurricane May Devastate A Company Your Client Is Invested In: What To Do?

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These asset managers say climate risks will have to go into your clients' investment thinking.

Wealth Enhancement Group Acquires $1.3B Philly Hybrid RIA

by FA Staff

With the acquisition of Levy Wealth, the Minneapolis giant has opened its ninth location in Pennsylvania.

Oaktree's Marks Says Fed Cuts Won't Take U.S. Rates Below 3%

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The Fed is widely expected to kick off its easing cycle this month.

Gateway Partners With Wealth.com To Offer Estate Planning Platform

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The system uses AI to scan an individual's estate planning documents and extract information.

S&P 500 Earnings Hinge On Trump, Harris Tax Plans, Goldman Says

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Goldman strategists estimate that profits could shift 5% to 10% depending on how policies are enacted.

Rob Arnott Is Launching An ETF Made Up Of Stock-Index Rejects

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The ETF will look to buy companies that were recently deleted from major indexes.

Fed's Beige Book Shows Stagnant, Declining Economic Activity

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Job seekers said finding employment was becoming more difficult and taking longer.

Harris Pushes 28% Capital Gains Tax Rate On $1 Million Earners

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The proposal falls short of the 39.6% rate that President Joe Biden has embraced.

Goldman's Rubner Sees Potential Correction If Jobs Data Is Weak

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The end September is historically the worst two-week trading period of the year for the S&P 500, he said.

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