FA News

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BlackRock Cites Infrastructure, AI Among Top 2025 Trends

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The 2024 election will hasten some trends already underway, the firm says.

U.S. New-Home Sales Slump To Two-Year Low After Storms In South

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New single-family home sales decreased 17% last month.

Renowned WAMCO Bond Fund Manager Ken Leech Charged With $600M Fraud

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Regulators and the DOJ said Leech directed profitable trades to favored clients over three years.

Young Workers Feel Most Retirement-Ready, Study Says

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But it may be a false sense of security, said the CEO of the Barnum Financial Group.

U.S. Home-Price Growth Slows With Market Swinging In Buyers' Favor

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Home-price gains in the U.S. slowed in September.

'Ultrashort' Bitcoin ETF Draws Record Inflows As Rally Stalls

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This fund aims to deliver twice the inverse daily performance of the token.

Biden Proposes Medicare, Medicaid Coverage Of Obesity Drugs

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The rule could expand access for millions of Americans with obesity and create a huge new medical bill.

Morgan Stanley To Sell NYC Park Avenue Office Condo To SL Green

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SL Green is in contract to purchase the office portion of 500 Park Ave for roughly $130 million.

AssetMark Partners With TIFIN On AI Tools, Model Portfolios

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The firm said there's been demand from customers for "individualized" investment services.

Schwab Execs Look To Expand Lending To Ultra-Affluent

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At IMPACT 2024, they said things like crypto and more lending to the wealthy were part of its RIA clients' future.

TrendSpider Offers Advisors AI-Generated Financial Models

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AI Strategy Lab will allow advisors to create AI-powered model investing strategies.

Riskiest Stocks Jump As History Says Get In Before Parties Start

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The small-capitalization Russell 2000 Index is heading for its first closing record in three years.

Northwestern Mutual Team In Utah With $250M Jumps To LPL

by FA Staff

The new practice in Pleasant Grove, Utah, is called Happier Wealth.

Broker-Dealers In SEC Crosshairs For Pricier Funds

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J.P. Morgan's $151 million settlement shows the risks of advisors using pricier funds without explaining why.

Top 15 U.S. Places To Retire In 2025

by FA Staff

U.S. News analyzed data for the 150 top cities in the U.S. to see how well they meet Americans' needs in retirement.

Goldman's Rubner Says U.S. Stocks Are Set to Rally Into Year-End

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He said a year-end rally starting this week will push the S&P 500 about 4% higher.

LPL Tool Set Helps Advisors Better Incorporate AI

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The firm has curated a series of AI-powered tools to save advisors time on due diligence and media.

Abu Dhabi's Mubadala To Take CI Financial Private In $12 Billion Deal

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It's one of the largest-ever privatizations by an Abu Dhabi entity in the financial sector.

'Risky Strategy': Private Colleges Slash Tuition To Stay Viable

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Struggling colleges are cutting prices as families question the value of high-cost degrees.

Citi Bonuses Buy Time For New Wealth Boss's Rush To Revamp

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Since arriving, the new wealth division chief has fired managers and pushed to upgrade tech.

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