FA News

Should Congress Raid Stretch IRAs To Pay For The Secure Act?

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The insurance industry argues yes, but 'The Wall Street Journal' has concerns.

RIAs On Track For Record-Breaking M&A Activity in 2019, Report Says

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The deals in the first six months represent an 82% increase over the same period in 2018.

Warren Declares War On Private Equity ‘Vampires’ In 2020 Plan

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Elizabeth Warren unveiled a proposal to slap new rules on private equity and “useless speculation” on Wall Street.

Morgan Stanley Posts Steepest Trading Slide On Wall Street

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The firm had a surprise jump in wealth management fees, but a trading slump caused overall revenue to fall.

Mnuchin Ready For Short-Term Debt Cap Increase To Avoid Breach

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Treasury Secretary Steven Mnuchin warns the U.S. is at risk of defaulting on payment obligations in early September.

Wealth Enhancement Group Strikes Deal To Acquire N.J. RIA With $1B AUM

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The announcement comes at a time when Wealth Enhancement itself is rumored to be up for sale.

Are Advisors Ready For Nontransparent ETFs?

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A small sample size of advisors expressed an interest in these newfangled structures, according to a Broadridge study.

Schwab Tackles ‘Gaps’ in Bond ETF Business With Three New Funds

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It’s a slight shift for Schwab, whose ETFs have been heavy into equities.

Clients Confused By Multiple Advisors, Report Says

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Advisors should strive for a more personalized, unified approach with clients, the Money Management Institute says.

Voya Adds Robo To Help Advisors Bid For Younger, Less Affluent Clients

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Voya joined J.P. Morgan in launching a new digital advice solution in July.

Almost 40% Of U.S. Homes Are Mortgage Free

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Over the last decade, the median price of an existing home in the U.S. has increased by more than 60%, according to Zillow.

FSI Says 'Costly' N.J. Fiduciary Proposal Threatens Investors In State

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At a state hearing on the proposal, supporters argued the protection was needed to make up for deficient federal regulation.

New York, New Jersey Pursue Another Battle In SALT Deduction War

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The states are trying to push through their SALT work-arounds, but one law professor called the tactic a long shot.

Why Most Millionaires Do Not Consider Themselves Rich

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This wealthy cohort is similar in its thinking to less wealthy investors, a new survey says.

A Stock Picker's Lament: Most Of The World's Companies Are Duds

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New research shows that only a tiny number of global companies will provide their investors with big gains.

Shariah-Based ETF Arrives In U.S.

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The last U.S.-listed Islamic ETF closed nine years ago.

Two B-Ds To Pay $1 Million For Overcharging Clients On Mutual Funds

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The settlements were part of a Finra campaign that has led to $89 million in restitution by 56 broker-dealers.

Influencers Seek Wall Street's Help To Manage Newfound Wealth

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Influencers on platforms such as YouTube can haul in seven-figure incomes by attracting large digital followings.

Endowments Flock To Wall Street For A Bigger Piece Of The Action

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Endowments are sidling up to the titans of finance in hopes of boosting the returns that support school budgets.

The Hits And Misses Of Active Management

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Active management still has a role, but passive investing is an inexorable force.