FA News

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Cheap Mortgages Deter Workers From Relocating For $250,000 Jobs

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About one-fifth of U.S. homeowners have a mortgage with less than 3% interest.

Pimco Sees Fed Raising Rates Again If Inflation Reignites

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The investment company is forecasting that inflation will finish the year at about 3.5%.

Cathie Wood Muscles Into ChatGPT Boom With New OpenAI Stake

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The startup will represent about 4% of the Ark Venture Fund's holdings.

Dani Fava Joins Carson Group As Chief Strategy Officer

by FA Staff

The company also hired former LPL marketing and communication officer Heather Randolf Carter.

Morgan Stanley Drops On Report Of U.S. Probes Into Wealth Unit

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The investigations are looking at the bank's efforts to prevent money laundering, according to published reports.

Final DOL Rule Draws Near As OMB Completes Review

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Observers say the Biden administration is moving swiftly to prevent Republicans from overturning the rule in a new Congress.

Venture Capital Firm Buys Software Firm, Launches Wealth Management Platform

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Surge Ventures said its acquisition of Kovair Software will provide wealth managers with better data management solutions.

Finra Arbitrators May Be Mishandling Broker Defamation Claims, SIFMA Says

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The securities industry group wants Finra to reform how it handles broker termination disputes.

LPL Lands Ex-Ameriprise Team With $500M In Texas

by FA Staff

The independent broker-dealer has added about $1 billion from former Ameriprise advisors in recent days.

Tech Millionaires Chase Billionaire Tax Shields With ‘Swap Fund'

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A new startup is offering a tax avoidance tool favored by the super-rich to moderately wealthy techies.

Powell's Soft-Landing Dream In Danger As Traders Hedge Inflation

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With stocks and bonds moving increasingly in tandem, investors have been forced elsewhere for protection.

New York City Airports Are No Longer The Worst In The U.S.

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New York area airports have improved their standing after multibillion-dollar improvements.

Bond Traders Are Preparing For A 5% Yield, No Rate Cut World

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Global yields rose today as markets adjusted to central banks keeping interest rates higher for longer.

N.Y. Fed Prez Signals Fed Still Has Work To Do in Its Inflation Fight

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Fed President John Williams said he expects “bumps along the way” in the effort to rein in inflation.

Investors With $5M Or Less Often Remain Do-It-Yourselfers, Envestnet Says

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It's sometimes hard to convince people in this wealth group to sign on with an advisor, research by the company found.

RIAs Express 'Guarded Optimism' About Market, Survey Says

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But they also think volatility will continue over the year.

Advisors Leaning More Into Technology, According To Orion Survey

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Only 10% of respondents said they have all the tech they need.

Traders Flee Real Estate Stocks As Hot Inflation Darkens Outlook

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Investors are dumping real estate stocks after a hotter-than-expected inflation reading.

New York City's Return-To-Office Rate Nears 80%, Driven By Banks

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Firms like Goldman Sachs and JPMorgan have helped encourage the city's return to the office.

Credit-Card Delinquency Rates Were Worst On Record In Fed Study

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The Philadelphia Fed said almost 3.5% of card balances were at least 30 days past due at December's end.

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