FA News

Americans Are Reducing Their Debt, But At A Cost

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The debt load of U.S. consumers leaves them little room to save, according to a Northwestern Mutual study.

Impact Investing Not Understood By Many Advisors, Fidelity Charitable Says

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Only 49% of advisors feel impact investing is a long-term trend, according to a Fidelity Charitable survey.

Vestmark Gets Patent For Process Helping Financial Advisors

by FA Staff

The patent is for a process that helps financial advisors better manage portfolios with multiple client accounts.

State Street Rebrands Seven SPDR ETFs

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Three of the seven funds also get sizable fee cuts.

Solar And Wind Power So Cheap They're Outgrowing Subsidies

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Yet clean energy still has a long way to go before fully usurping coal and gas.

Hub International Continues Wealth Management Firm Buying Spree

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Hub announced it has acquired New York-based Perennial Pension & Wealth.

Corporate Diversity Programs Are Working, Straight White Men Say

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Employees in under-represented demographic groups are less convinced.

Citigroup Dismisses Analysts Globally Amid Cuts To Trading Unit

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Research departments have been hit hard by a decade-long decline in equity trade commissions.

The New Capitalism Is Looking A Lot Like The Old Capitalism

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Not much has changed since a group of CEOs denounced shareholder primacy last month.

Hold That Recession: U.S. Indicators Are Trouncing Forecasts

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The readings are signaling a somewhat brighter mood about the world’s largest economy.

Franklin Templeton Debuts Its Lowest-Cost Active Fixed-Income ETF

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The diversified core bond fund has an expense ratio of 15 basis points.

BlackRock’s Wiedman Joins Schwarzman Blasting Negative Rates

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BlackRock's head of international and corporate strategy sounded an alarm on the day the Fed lowered its benchmark.

Hub Continues To Strengthen Its Retirement Planning Services

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The Chicago-based broker added the assets of four firms this week.

Financial Wellness Plans Are Proliferating, But Employees Aren't Feeling Better

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A Bank of America report also found that employees are struggling with health care and caregiving demands.

The U.S. Loses Ground In Retirement Security

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Natixis says the U.S. dropped to 18th in its annual index showing the financial security of retirees in 44 countries.

Two Wells Fargo Advisors Form $575M RIA

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They transitioned from the Wells Fargo employee channel to its independent channel as The Berry Group.

L.A. County School District, Superintendent Accused Of Defrauding Bond Investors

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The SEC alleges school officials hid concerns about fraud that were raised by an independent auditor.

Women Value Their Lives Lower Than Men For Life Insurance

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The insurance gap could be a reflection of the fact that women make less money than men, a new survey said.

Global X Joins The Pot Parade

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A new ETF from Global X is the lowest-cost passive cannabis fund.

State Street To Battle BlackRock, DWS With New Sustainable Funds

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State Street Corp. is almost doubling its line-up of socially-responsible ETFs.