FA News

Death By A Thousand Cuts: SEI Charts Fiduciary Evolution

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SEI says we won't see one huge change but a lot of little changes on the road to fiduciary compliance.

Vanguard And State Street Are Resisting The Hot New ETF Craze

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The two companies say they’re in wait-and-see mode with active, non-transparent funds.

Junk Bond Funds Brace For $5 Billion Exit After Record Returns

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U.S. junk bond funds could see the fifth-largest exit on record as investors reassess risk.

Wells Fargo Hits Brakes On Student Loans Amid School Disruption

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Wells Fargo is pulling back from student lending as the surge in coronavirus cases disrupts higher education.

A Model State Law Could Help Fraud Victims Collect Their Money

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Regulators offered a model state law creating restitution funds for unpaid financial malfeasance victims.

Private Equity On Edge With U.S. Plan To Name Relief Recipients

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Cash-rich private equity firms that benefited from PPP loan money face public wrath.

Model Portfolios Dropped $500B In The First Quarter Because Of Covid-19

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Broadridge Financial Solutions said ETFs continue to drive the popularity of model portfolios.

Capturing Behavioral Changes Via ETFs

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These ETFs tap into consumer behavioral habits in place before—and likely cemented by—the Covid-19 outbreak.

Painting Reaps 6,700% Return Less Than Year After Artist's Death

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Matthew Wong died in October just as his career was taking off.

Apple, Facebook, Amazon, Google CEOs To Testify In Congress

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The CEOs of Facebook, Alphabet, Amazon and Apple have agreed to speak about competition in the tech space.

House Clears Extension Of Small Business Loan Program To August

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The House gave last-minute approval Wednesday to extending the Paycheck Protection Program.

The Star Of Bonds Is Rising, Portfolio Manager Says

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Both junk and investment-grade bonds will enjoy the economic recovery, says TwentyFour Asset Management.

Marred By Flaws, U.S. Jobs Report Will Again Be Tricky To Assess

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The June jobs data is expected to show improvement, but the trends may be too muddy to see.

Trump Says Jobs Report Shows The U.S. Economy Is ‘Roaring Back’

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Trump also said that a strong third quarter could cement his electoral chances.

Jeffrey Epstein’s Friend Ghislaine Maxwell Arrested By FBI

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Maxwell was arrested in New Hampshire on Thursday morning.

S&P 500's Past 100 Days Were Its Best In Almost Nine Decades

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The S&P 500 had previously recorded only five 100-day rallies of at least 33% in its history.

SEC Wins $2M Judgment Against Temenos Advisors

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The firm and its former CEO were sued by the SEC for allegedly putting clients into risky investments and hiding fees.

Recovery Could Take 4 Years If Virus Contained, Fed's Daly Says

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Strong public measures or a vaccine will be needed to avoid a prolonged recovery, she said.

Retirement Risks Raised By Covid, Transamerica Says

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Age-friendly employers can take steps to help employees, a new study says.

How Coronavirus Hit 401(k), 529 Contributions From Main Street Workers

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The outbreak's impact on 529 plans is much more dramatic than its toll on retirement plans, a new report says.