FA News

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Retiree Healthcare Costs Increased 8% In 2023

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That's about 8% more than what they needed a year ago, according to the research group.

Congressional Bill Would Ban Mandatory Arbitration For Advisor, Broker Clients

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Under the legislation, investors would have the right to choose between arbitration and court action.

Thornburg Launches New Bond Fund

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The Thornburg Core Plus Bond Fund will have the ability to hold securities and bonds that are below investment grade.

Stock Bulls Cheer Signs Economy Is 'Ripping Ahead'

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A new job report today pointed to continued economic growth despite high interest rates.

Ameriprise Advisor Arrested For Alleged Role In Jan. 6 Capitol Riot

by FA Staff

Lee Giobbie of Eastampton, N.J., was one of the first rioters to breach the Capitol building, prosecutors said.

Investor Advocate Groups Unite To End Forced Arbitration In RIA Biz

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The groups have formed a coalition to upend a dispute resolution system they say is "stacked against investors."

LPL Adds 256 Net New Advisors, Beats 4Q Estimates

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The firm saw higher advisory and brokerage assets, though higher expenses crimped earnings.

Payrolls And Wages Surge, Likely Keeping Fed Rates On Hold

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Job growth in January was led by healthcare, professional and business services, and retail trade.

TIFIN Acquires Charitable Tech Platform

by FA Staff

The acquisition of the Giving Place will enable TIFIN to expand donors resources, TIFIN said.

Meta's Stock Bounce Shows How Big-Ticket Job Cuts Pay Off

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Efforts by the Facebook parent to slash costs helped propel its stock 340% from a 2022 low.

BofA Says Stock Markets Are Behaving Like Dot-Com Era

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Investor infatuation with tech stocks is starting to resemble the internet bubble at the turn of the century, the bank says.

Richmond, Va. Team From Truist Joins Rockefeller

by FA Staff

Lewis Wealth Partners adds to Rockefeller Global Family Office's national footprint.

Chicago's Wealthy Raise $66 Million For Fight Against Crime

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The donors include the Crown and Pritzker family foundations.

Mariner Wealth To Acquire 2 RIAs, Create Institutional Unit

by FA Staff

The unit will be formed from the acquisitions of AndCo Consulting and Fourth Street Performance Partners, the firm said.

DoubleLine Launches Equal-Weight Equity ETF Into Megacap World

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The new fund launches into a stock market dominated by a handful of giant technology companies.

Harvard Faces New Threat Of State Tax On $51 Billion Endowment

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Harvard has long been a target for its immense wealth.

Fixed-Income ETFs See Rising Inflows, More Advisor Interest

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Companies are scrambling to meet the demand for fixed-income fund solutions.

CFPs Outearn Other Planners By 12%, Study Finds

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Advisors with CFP certificates earned $23,820 more per year than their non-certified peers, a CFP Board study found.

Ex-Citi Bankers Target Family Offices Across Americas From Miami

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Their plan is to help single-family offices from Latin America build real estate investment companies.

Ex-Soros Investing Chief Bessent Bets On 'Trump Rally' Ahead Of Election

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Investors anticipate a Trump victory in November, he said.

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