FA News

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BlackRock's Fink Says Market Is Wrong On Fed Rate-Cut Bets

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Money markets imply a one-in-three chance the Fed will deliver another half-point cut in November.

Young Investors Want Advisors With AI Proficiency, Survey Says

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Advisors need to keep up with AI and other emerging technologies, researchers said.

Bettinger To Retire As Schwab CEO; Rick Wurster Named Successor

by FA Staff

Walt Bettinger will remain on the board of directors as executive co-chairman.

88-Year-Old Japanese Ex-Pet-Shop Owner Builds $14M Fortune Buying Stocks

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Shigeru Fujimoto often trades with his pet parakeet Pi-Chan sitting on his head.

LPL Hires Chief Of Investment Management Solutions

by FA Staff

Cheri Belski spent more than two decades with T. Rowe Price.

Private Lenders Raise Most High-Grade Debt Ever As Risks Rise

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The $1.7 trillion private credit market has had a stellar year.

Powell Says Fed Not In A Hurry, Will Lower Rates 'Over Time'

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The remarks left open the question of how policymakers will approach interest-rate cuts in the coming months.

SEC Sues Calif. Advisor Over Sale Of GWG Holdings Bonds

by FA Staff

Robert M. Vance sold clients $4.3 million worth of the troubled L bonds, the agency said.

New PIABA Prez Wants Mandatory Advisor Insurance For Client Awards

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Adam Gana also said he will also fight to end mandatory client arbitration clauses.

Quant Hedge Funds Face More Margin Calls As Chinese Stocks Surge

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Quants that short index futures as part of their market-neutral strategies are facing margin calls.

Traders Blow Off Election Risks As Stocks Race Into October

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The S&P 500 Index just posted its third straight winning week and is up 5.1% in the third quarter.

JPMorgan Slips As Morgan Stanley Sees Fewer Benefits From Rate Cuts

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JPMorgan shares have gained 24% this year compared to a 19% rise in the KBW Bank Index.

Goldman Sees Solid Jobs Report Sparking Lower-Profit Stocks Move

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The nonfarm payrolls report is the main focus for markets this week.

Wall Street's Income-ETF Boom Comes For Nasdaq-100 With A Twist

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A new ETF offers exposure to tech companies alongside amped-up income from the futures market.

The Donors Fund Crosses $1B Contribution Mark

by FA Staff

The fund has no fees and no contribution minimums.

Apollo, State Street Strive To Prove Private-Debt ETFs Can Work

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The firms have applied for a fund combining illiquid holdings with a tradeable investment for the masses.

Vestmark, BlackRock Partner To Improve Model Portfolios

by FA Staff

The partnership allows advisors to use tax management solutions in model portfolios.

TPG Takes Minority Stake In Creative Planning Stake; Firm Reportedly Valued At $15 Billion

by FA News

Creative Planning CEO Peter Mallouk owns more than 50% of the fast-growing RIA.

Focus To Fold $175M Denver-Area RIA Into Transform Wealth

by FA Staff

The aggregator plans to acquire Custom Portfolio Group of Englewood.

Former Cetera Advisor Netted $5M In Cherry-Picking Scheme, SEC Says

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William Carlton cost his clients $6 million over seven years, the SEC said.

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