FA News

MassMutual Expands Access To Coverage Of Breast Cancer Treatments

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The insurer revised its underwriting guidelines to expand access to more individuals diagnosed with breast cancer.

Passive Funds Grow Assets, But Active Managers Show Big Performance Gains

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Passive funds now have more assets than active funds in the U.S., but active managers are improving their performance.

Taxes, Uncertainty Vex The World's Wealthy Investors

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Wealthy investors also found a desire to de-risk their investments in the coming years.

Jeffrey Gundlach Says U.S. On Pre-Election 'Recession Watch'

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The likelihood of U.S. recession before the 2020 election has grown, says DoubleLine's chief.

ESG Investment Can Cure Urban Ills

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RBC's Catherine Banat believes impact investing can link regional growth to urban development on the ground.

Advisory Firms Hit Record Numbers And AUM, The IAA Scorecard Reports

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Fiduciary advisors now manage $83.7 billion for 43 million clients.

Trading Tax Would Be 'Devastating,' High-Speed Advocates Say

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High-speed traders attack a plan to tax trades, saying it would also hurt retirees, pensions and universities.

Legislation Could Increase Annuity 401(k) Options

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Plan sponsors have been afraid to add annuities to their platforms, but two bills in Congress could change that.

Wyden Unveils His Own Wealth Tax That Targets Investments Annually

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The plan would apply to those earning at least $1 million or have assets worth $10 million for the previous three years.

Fee Pressure Tilts Target-Date Funds To Passive Investing

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Target-date fund companies are turning to products with lower costs and more flexibility, according to Cerulli Associates.

Credit Card Debt Hit Q2 Record

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Consumers are banking on an interest rate cut when the Federal Reserve meets next week.

Baby Boomers Come Up Short On Retirement, Emergency Funds

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The average boomer respondent’s retirement savings was about 30% of the recommended amount.

Andrew Yang Brings Silicon Valley’s Upstart Spirit To 2020 Bid

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His campaign is centered on one big idea: a $1,000 check sent monthly to every U.S. citizen over the age of 18.

Elizabeth Warren Plans To Boost Social Security Spending By Hiking Taxes On The Rich

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Her proposal would impose a 14.8% tax on annual earnings above $250,000 or $400,000 for joint filers.

Home Equity Loans Could Help Save Billions On Interest, Lender Says

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Figure Technologies said homeowners turn to personal loans and credit cards when home equity loans are better options.

FPA Of Georgia To Be Honored For Pro Bono Work

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The first Power of Financial Planning Award will be given at the annual FPA conference in Minneapolis.

Purdue Nearing Deal Over Opioids As 23 States Agree To Pact

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The billionaire Sackler family, which owns Purdue, would pay $3 billion and file for bankruptcy under the plan.

Passive Equity Funds Surpass Active in Epic Shift

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It’s official: inexpensive index funds and ETFs have finally eclipsed old-fashioned stock pickers.

SEC Wins Case Against Advisor In $1.3M Cherry-Picking Scheme

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The judgment comes three months after the Massachusetts advisor was sentenced to two years in prison.

Mom-And-Pop Buyers Lift ETF’s Gold To A Record As Traders Bail

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As gold’s rally stalls, there’s a fissure among exchange-traded fund investors.