FA News

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Edelman Sees Etherium ETFs Driving Up Token Price Five-Fold

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The crypto advocate sees bitcoin and etherium on a parallel upward track over the next six years.

Job Openings Fall To Lowest Since 2021 In Broad Cooldown

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The decline helped lower a ratio closely watched by the Federal Reserve to the lowest level in nearly three years.

Retirees Claim Deceased Unregistered Advisor Stole $18.5M Of Their Savings

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The former Pennsylvania energy company workers allege in a lawsuit that Joseph Pezzano stole their life savings.

Stock Pickers Defy Wall Street Norm To Risk It All On A Few Bets

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A historically small number of Big Tech firms keep driving equity indexes to new highs.

Private Equity Says It's Got The Data To Back A Push Into Sports

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A new index is looking to serve as a financial benchmark for North American sports franchises.

Fidelity Piles On Pressure In Looming Revenue Plan For ETF Firms

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Fidelity Investments is looking for a cut of the revenues of the ETFs on its platform.

Majority Of Middle-Class Americans Say They Struggle Financially

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A sizable share of higher-income Americans also feel financially insecure.

Pimco Says 'Generational Reset' On Yields To Spur A Bond Revival

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Active fixed income is positioned to do well over the next several years, the company says.

Morgan Stanley Warns U.S. Elections Threaten Popular Macro Trades

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Traders don't have the luxury of “assuming status quo” politics, the firm's analysts wrote.

Tech-Savvy Advisors Have Better Client, Asset Growth Rates, Cerulli Says

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Using tech effectively gives productive firms the boost they need to stay competitive, the research firm said.

Focus Divides Connectus's $8.7B U.S. Businesses Between 2 Hub Firms

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Five firms were merged into the Colony Group, and one was acquired by Kovitz.

Raymond James Adds $490M Advisor Team From Merrill

by FA Staff

The three advisors are based in Ocala, Fla.

Advisors Should Focus On Millennials, Gen Xers And Women, State Street Says

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High fees are one of the biggest obstacles to gaining the trust of these groups, a company study found.

Blackstone's $59 Billion Property Trust Hit By Starwood Fallout

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Repurchase requests by investors in Blackstone Real Estate Income Trust ticked up in May.

Bill Ackman's Pershing Square Sells 10% Stake For $1.05 Billion

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Ackman is planning a stock-market listing for Pershing Square as soon as late 2025, sources have said.

Private Credit, Wall Street's Hottest Trade, Has An Ugly Moment

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Private lenders are encountering the same problems that have battered leveraged loan investors.

Mercer Advisors Launches Private Markets Platform For Clients

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The firm will open private investments to clients with at least $5 million in assets.

Homebuyers Are Starting To Revolt Over Steep Prices Across U.S.

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House hunters are getting hit with a double-whammy: high prices and high mortgage rates.

Advisors Who Go Independent Hold On To 86% Of Clients, Schwab Survey Says

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The study found that advisors considering independence now have a wide variety of options to consider.

Hiring Pace For Low-Income Workers Still Robust, Vanguard Says

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Data show the U.S. hiring rate in April climbed to an 18-month high.

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