FA News

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.

XY Planning Network, Kitces Sue SEC, Win Roaring Ovation

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Kitces said hundreds of advisors applauded when informed of the suit over the "unlawful" rule.

A 'Mistaken' Yield Curve Play Is Taking Over Dividend Strategies

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Blame a global swoon in bond yields and confusion over where investors can find income in 2019.

NASAA: State Enforcement Rate Against Advisors Nearly Doubled In 2018

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Enforcement against RIAs comprised 17% of all actions taken by state regulators, NASAA said.

Bondholders With $1.1 Billion Riding On N.J. Mall Get Sneak Peek

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The project has been beset with delays since it was started nearly two decades ago.

Trump To Revisit Capital Gains Tax Cut In White House Meeting

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Trump has said he could allow indexing of capital gains without congressional approval.

Momentum Grows For A Digital Watchdog To Regulate Tech Giants

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The desire for faster antitrust action is fueling demands for a new agency to oversee the industry.

Schwab To Cut 600 Jobs On 'Challenging' Economic Climate

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Schwab and other financial firms are being squeezed by falling interest rates.

T. Rowe Price Manager Says Buy China Stocks And Dump U.S.

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The trillion dollar fund manager said Chinese shares are trading at a discount.

BNP Broker Who Found Witch's Hat On Her Desk Wins Employment Suit

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The judge said the hat prank in the predominantly male office was an "inherently sexist act."

Trump Calls On Fed To Cut Interest Rates To Zero 'Or Less'

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The president called Fed decision-makers "boneheads" for not lowering rates further.

IRS Is Ignoring Potential Corporate Tax Cheats, Watchdog Says

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IRS auditors proposed about $296 million in under-reported taxes tied to corporate transactions in 2018.

Everything That Worked In Global Markets In 2019 Suddenly Doesn't

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For a second straight day, 2019’s biggest winners across assets are getting hammered.

Most Gen Xers Upbeat About Their 401(k) Savings, Schwab Says

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At the same time, nearly a third of Gen Xers have borrowed from their 401(k) accounts, a Schwab survey said.

Clients Are Getting Dumped To Comply With Reg BI, Advisors Say

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As the new rules approach, the broker-dealer industry is assessing its products, practices—and clients.

Seven States Sue SEC To Block Reg BI Rules

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New York and six other states claim the agency's forthcoming rule puts investors at risk.