FA News

FPA Expands Its Coaches Corner

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Barbara Kay is the Financial Planning Association’s new career coach.

Susan John Is New CFP Board Chair

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John will oversee the implementation of the new CFP ethics and conduct standards.

Banks With Most And Least Consumer Complaints Named In New Ranking

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Big banks fared the worst in the ranking; some small banks were exceptional.

NYC To Fund Health Care For All, Including The Undocumented

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The program will begin later this year in the Bronx and will be available to all New Yorkers in 2021.

MetLife Names Khalaf Chief Executive After 19% Stock Slump

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A top priority will be bolstering investor confidence in the insurer, which failed to pay pension payments to thousands.

New York State Receives Dismal Return From Federal Tax Payments

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It's one of 10 states that gets back less than $1 from the federal government for each $1 they spend in taxes.

Almost Every Hedge Fund Strategy Marked By Painful Declines In 2018

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Hedge funds lost almost 6% last year as markets roiled managers.

Citigroup Joins UBS To Predict Agony For Emerging Markets

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They saw new risks arising and weakening the chance of 2016- or 2009-style rebound.

RIAs Grew Assets By 18 percent In Last Half Of 2018, TD Ameritrade Says

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RIAs said in a survey that revenues grew by the same amount, with many expecting continued growth in 2019.

Doll Predicts Total S&P 500 Returns Will Be Up 8% At Year's End

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“We’ll be up for sure, but I am not overly rosy in my outlook,” Doll says.

Retirement Benefits Group Joins Triad Advisors With $10 Billion

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The San Diego-based firm is affiliating with Resources Investment Advisors.

IRS Will Pay Refunds During Government Shutdown, Official Says

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During past shutdowns, refunds were delayed until the government was funded.

Summers Rejects Negative Rates As Potential Crisis-Fighting Tool

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The former U.S. Treasury secretary gave a damning review to a policy that has been adopted in Japan and Europe.

Morgan Stanley Says Too Early To Call All Clear On S&P 500

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Apple's sales warning and a plunge in a U.S. manufacturing gauge may trigger more negative news, a firm analyst said.

Billionaire Rokos Seeks $900 Million For New Hires

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Rokos Capital Management is hiring portfolio managers to make bets on energy and oil markets.

Fidelity, TDA, Schwab Join Consortium Launching New Equities Exchange

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The new exchange purports to simplify trading and offer lower fees.

Bob Oros Named HighTower CEO

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Oros joins HighTower after recently serving as CEO of HD Vest Financial Services.

As Govt. Shutdown Continues, SEC's Phones Go Unanswered

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The SEC is operating with a skeleton staff during the partial federal government shutdown.

Goldman Bet On Women-Run Startups Takes Shape With $100 Million

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It’s a move aimed at correcting a lopsided ecosystem for entrepreneurs that’s stymied opportunities for women.

BlackRock Heaps Praise On Gold's Role As A Tough Year Opens

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BlackRock has been raising bullion holdings since the third quarter through exchange-traded funds.