FA News

BlackRock CEO Fink Sees Markets Rising On U.S. Fiscal Moves

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Larry Fink sees markets trending higher spurred by deregulation and tax cuts in the U.S.

Trump To Nominate Eugene Scalia As His New Labor Secretary

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The president intends to nominate the son of late Supreme Court Justice Antonin Scalia to the post.

Mnuchin Says 'No Commitment' On Possible Capital Gains Tax Break

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The ambivalence suggests a divide between Treasury and the White House, which hopes to deliver a tax cut.

A $10 Billion ETF Is Smashing Records Amid The Junk-Bond Binge

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BlackRock's 8.5 billion-euro IHYG took in 640 million euros in the week ended July 5, smashing a record.

Rhinos Come To The Bond Market, And Other Species May Follow

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Yield will depend on the population growth rate of the animals.

Sex Toys Allowed, Not Massages, In Fine Print Of Trump Tax Break

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The fine print in Trump's tax overhaul is quirky when it comes to opportunity zone investments.

Muni-Bond End Run Around Trump Tax Law May Pick Up As Rates Fall

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Interest rate declines may prompt states and cities to make a bond-market end run around the federal government.

As Bull Market Roars, Americans' Retirement Confidence Is Left Behind

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Just one in five Americans feels confident enough to retire on savings.

How Advisors Can Keep Their Biases In Check

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Clients aren't the only ones who let emotion and biased thinking influence their decisions, an SEI white paper says.

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.