FA News

Industry Groups Urge Congress To Lower Entry Barriers For Buffered Annuities

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The groups back a bill directing the SEC to devise an easier form for annuity issuers to use when filing new buffered annuity products.

Investors Saved Nearly $6B Due To Declining Fund Fees In 2019, Morningstar Says

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Fee pressure is continuing due to investor demand, a Morningstar report said.

Crisis Causing More Young Adults To Seek Out Financial Advisors

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Millennials, Gen Xers and Gen Zers are taking their finances more seriously in the wake of the epidemic, a survey says.

The Shock U.S. Jobs Report Raised Questions. Here Are Some Answers.

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The shock of Friday’s U.S. jobs report is still rippling through economic circles, politics and financial markets.

Everywhere You Look Under Surging Stocks Is Fervid Retail Buying

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Retail investors have become a key driver of the beaten-down shares that are dominating the rally.

Former Wells Fargo Advisors Launch $370M Independent Firm With PAG, LPL

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The three financial advisors said they chose LPL and PAG for their scale and technology.

Advisors Who Earn Designations See Increased Income, Study Says

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Most advisors also said their businesses grew after getting professional designations.

U.S. Retirement System Ranks Fifth-Best In World, Allianz Says

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A new report on pension systems worldwide puts the U.S. in the upper echelon, but it comes with a caveat.

These State Programs Offer A Path To Rehire U.S. Workers

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Work sharing, also called short-time compensation, is expanding rapidly in the U.S.

Guggenheim CIO Looks To Gold With U.S. Dollar Losing Market Share

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Scott Minerd said he said the dollar's market could continue to trend downward as the Fed responds to the Covid crisis.

There Isn't A Single Down Stock In The S&P 500 Over Last 10 Weeks

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The classic market-cap weighted S&P 500 is up 43% since March 23.

Social Security Can Aid Clients Who Have Lost Jobs

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Advisors need to be aware that clients can temporarily claim Social Security benefits, a consultant says.

Clients Could Face Residency Tax Audits Because Of Lockdowns

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Tax authorities may question a taxpayer's true domicile in the wake of the pandemic lockdowns.

23andMe Provides More Evidence That Blood Type Plays Role In Virus

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The findings echo other research that has indicated a link between variations in the ABO gene and Covid-19.

Strategists Left In Dust With Targets Trailing S&P 500 By Most Ever

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Strategists have been too cautious in estimating the speed of the recovery.

Druckenmiller Says He Was 'Far Too Cautious' During Rally

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While many observers were predicting unprecedented gloom just weeks ago, the S&P 500 Index has defied expectations.

Sweden's PM Rebuked As Covid Deaths Ignite Political Anger

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Sweden’s Covid mortality rate is now among the highest per capita in the world.

Millennial Investors Looking To Challenge Corporate Policies

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Millennials are looking to change companies that do not comply with ESG investing standards, a survey says.

Lockdowns May Have Helped Prevent Half Billion Coronavirus Cases

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Most of the roughly 500 million averted cases would have gone undetected, according to the study.

Morgan Stanley Makes New Bet On Steepening U.S. Yield Curve

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The bank added a bet on the spread between three-year and 10-year yields widening.