FA News

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Arizona Advisor Spearheads Tax Law That Aids Retirees

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Matthew Benson has helped enact state laws that helped retirees on several fronts.

Habitual DOL Rule Violators Face 10-Year Ban on Rollovers, Excise Taxes, Attorneys Say

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Companies and advisors who breach the fiduciary rules may also face class-action lawsuits.

Former Conn. Advisor Indicted For Alleged $4M Investment Scam

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John Masanotti Jr. spent client money on home mortgages, luxury cars and country club expenses, prosecutors said.

Fossil Fuel Underperformance Costs Investors Billions, Environmental Group Says

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The sector has lagged the market over the past 10 years, the group said in a research report.

Raymond James Lures Advisor With $450M AUM From UBS

by FA Staff

Kalyn Walker joined Raymond James & Associates in San Diego after nine years at UBS.

John Miller's New Junk Muni Fund Hits $1 Billion In Five Months

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Market-wide, high-yield muni funds have gained $5.7 billion this year.

Edelman Financial Engines Buys $453M Soundmark Wealth In First 2024 Deal

by FA Staff

The acquisition of the Kirkland, Wash., firm expands Edelman's footprint in the Pacific Northwest.

Dividend Payouts Are Latest Sign Of Big Tech's Financial Muscle

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Various technology firms have sparked rallies this year by introducing quarterly payouts.

A Doomsday Recession Mentality Is Keeping The S&P 500 Strong

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Companies are shoring up their bottom line, cutting costs and stockpiling cash.

Stubborn Inflation Poses Risk To Upgraded U.S. Economic Growth Forecasts

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So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum...

Advisors Urged To Look At 18-Month Investment Horizon

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The Macro Institute advocates for a long-term investment outlook that focuses on worldwide trends.

Hong Kong And China Stocks Are On A Tear. Should You Invest?

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A tech-fueled rally is luring investors back to the world's second-largest economy. But will it last?

Goldman Strategists Say Loss-Making U.S. Companies Face Rates Risk

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The majority of unprofitable growth stocks are tech-related, the firm says.

NYSE President Sees More Companies Pursuing Public Offerings

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About 25 companies on the exchange have had IPOs this year, she said.

DOL's Fiduciary Rule Vulnerable To Court Rejection, Law Firm Says

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The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.

AITi Global Buys Midwest Family Office With $3B AUM

by FA Staff

The acquisition of management-owned Envoi of Minneapolis is expected to close in the third quarter.

Brainard Vows Corporate Tax Hike With Trump Cuts Set To Expire

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The Biden administration wants to preserve tax breaks that were given to the middle class, he said.

Inheritances Be Damned: Clients Want To Spend While They Still Can, Advisors Say

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In the wake of the pandemic, more clients are seizing the moment and putting their money to use before they die.

Advisors Say Move Gingerly With Suddenly Wealthy Clients

by Ben Mattlin

The psychological adjustment to receiving a lot of money can take years, they say.

Jim Simons, Code Breaker Who Mastered Investing, Dies At 86

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His technique for predicting price changes was so successful that he became known as the Quant King.

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