FA News

Report: Schwab To Offer Fractional Shares On Its Platform

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Schwab is preparing to launch a new feature making fractional shares available, The Wall Street Journal says.

New Rules May Cause A Drop In The Number Of CFPs

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Tougher standards mean advisors must clear a higher bar when serving clients.

What Would Happen If President Trump Quit, Raymond James Asks

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Trump's resignation would first cause shock, then a rally, especially in companies related to China, these analysts say.

Wells Fargo Must Offer 66 Jobs To Applicants It Rejected In 2014

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The bank must offer jobs to female and African-American applicants after the DOL found discrimination.

Aging Population Top Global Investment Trend, Institutional Investors Say

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Artificial intelligence, global warming and "smart cities" were also considered key trends, according to a new survey.

About 2.7 Million Fewer People Got Tax Refunds After Law Change

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The IRS estimates it sent about 113.4 million refund checks to taxpayers, down from 116 million a year before.

Bets Against U.S. Stocks Sink In 'Stubbornly Optimistic' Market

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Bets against U.S. stocks haven’t been this low since last October.

Broker-Dealers Fail Minors On Custodian Accounts, Finra Says

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Firms have allowed custodians on uniform gift accounts to keep making transactions after beneficiaries come of age.

Millennials Spend More Time Socializing, Sleeping Than Elders

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The average millennial may sleep and game more than older generations, but are more educated.

Politics Prove Toxic For ETF Trying Its Third Name In Two Years

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An ETF that seeks companies affected by government policy hopes the third time’s a charm with its latest rebrand.

Clients Need A Written Plan On What To Do In Retirement, Says Advisor

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He encourages other advisors to help retiring clients write a plan on how they will replace their work identities.

Ken Fisher Client Exodus Nears $1 Billion As Boston Divests

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The city of Boston has joined two other government pensions in yanking money from Fisher Investments.

How Financial Planners Could End Up Like Mall Retailers

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An FPA/SEI study warns advisors clients want different services and they won't wait around for them.

Online Visuals Of Older Adults Are Skewed, AARP Says

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A media analysis found stereotyped images of adults age 50 and older, detached from life, work and technology.

Consumers Choose Saving Over Spending As Key To Financial Bliss

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The survey by CIT Bank found consumers define financial security as being debt-free.

Ken Fisher Gets Support From Son On LinkedIn

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Nathan Fisher said his father didn't intend to harm people when he made vulgar comments last week.

Americans Now Need At Least $500,000 A Year To Enter The Top 1%

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To join the top 0.1%, you would have needed to earn $2.4 million in 2017.

Finra: Some B-Ds Lack Supervision, Let Brokers Run Amok

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A Finra report found that some broker-dealers have no system in place to prevent broker misconduct.

I.M. Wealth Care Aligns With Super OSJ Merit To Join LPL Platforms

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The firm is based in Greenwood Village, Colo., and has a clientele that includes medical professionals.

More Than Half Of All Americans Have No Emergency Funds, AARP Says

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The group says the problem can be solved if employers offer workers emergency savings plans.