FA News

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Cresset Acquires 130-Year-Old Multifamily Office, Brings Assets To $52B

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The Connable Office of Kalamazoo, Mich., adds $1.6 billion to Cresset's total assets under management.

Lottery Winners' Foundation Awarded $7.3M Over B-D's Annuity Sales

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A Finra arbitration panel agreed with the foundation's claim that a deceased rep put its money in unsuitable products.

U.S. Presidential Race Risks Already Priced Into Market, Jenny Johnson Says

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The Franklin Templeton CEO and a BNY Mellon manager said world events are now the biggest unknowns facing investors.

Public, Private Combination Is Key To Real Estate, J.P. Morgan Says

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A new report says public and private real estate have key differences and complement each other.

Former Merrill Advisor Arrested For Allegedly Stealing $2.7M From Clients

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Jared Dean Eakes of Jacksonville, Fla., pleaded not guilty to federal charges that he scammed his clients in 2019 and 2020.

El-Erian Says Strong Jobs Data Closes Door On July Fed Rate Cut

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The economist expects the Federal Open Market Committee will only signal one rate cut for this year.

Corporate America Is Weaponizing Trade Secrets Lawsuits In Talent Wars

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Jilted firms are fighting back in court when stars are poached by rivals.

Why High Schoolers In The Northeast Are Flocking South For College

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Students from the Northeast are looking South for cheaper tuition, big-time sports and less politically charged campuses.

Ex-Merrill Advisors Launch $1B Advisor Firm In California

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Alteri Wealth's founders say they will offer family office services to ultra-wealthy clients.

Fund Beating 99% Of Peers Bets On Troubled Businesses, AI Flops

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Positions in the likes of Rolls-Royce Holdings have paid off handsomely.

TD Sues Wealth Advisor Who Left During Money-Laundering Review

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The bank is being probed over allegations that it failed to stop money laundering at several of its U.S. branches.

Trump Tax Cut Renewal Is Winning Wall Street, But Could Cost $4.6 Trillion

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The nation's debt load and interest costs would create a heavier burden this time around, analysts say.

Payrolls And Wages Pick Up, Pushing Back Bets For Fed Cuts

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The job market has largely defied expectations in the past two years.

Wealthy Families Fuel $20 Billion Private Equity Buyout Wave

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Wealthy clans have co-invested in nearly $20 billion of listed company takeovers this year.

MassMutual Adds CAIS Alternatives Platform For Reps

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The insurer made the platform's offerings available to its B-D affiliate, MML Investors Services.

Rising U.S. Debt Load Poses A Growing Risk For Treasury Market

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The amount of outstanding U.S. Treasurys has grown to $27 trillion from about $12 trillion 10 years ago.

SEC Bars Three Advisors Connected To Horizon Ponzi Scheme

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The three worked with John J. Woods, who was sent to prison for a scheme that lost investors $49 million.

Real Estate Investors Are Wiped Out In Bets Fueled By Wall Street Loans

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Multifamily buildings make up the biggest share of potentially distressed properties.

Trade Group Sues SEC For Records On Broker-Dealer Record-Keeping Fines

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The American Securities Association wants to know how $1.6 billion in fines were calculated.

Compensation Plans At U.S. Small Firms Decline To Three-Year Low

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Fewer firms say they plan to boost pay in the next three months.

[1]  9 10 11 12 13 14 15 16   [2057]