FA News

Job Losses Are Shifting To States, Cities After Business Rebound

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As the U.S. tries to lift its economy, a looming round of government spending cuts threatens to drag it back in.

Majority Of RIAs Lack Confidence In Successors

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RIA leaders need coaching and more logical compensation, a DeVoe report says.

SEC Obtains $30 Million Judgment Against Navellier, Founder

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The company made false claims about its investment strategies, the SEC charged.

Bernie Madoff Denied Compassionate Release From Prison

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Madoff argued that he is terminally ill and will likely die within 18 months.

Confusion Reigns With 401(k) Covid Borrowing

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Sometimes, IRS guidance begets the need for more guidance when it comes to the coronavirus plan withdrawals.

Few Older Clients Are Talking To Advisors About Covid Threat, Survey Says

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Younger clients reach out to advisors about the epidemic more frequently than older ones, the survey revealed.

More Americans Prefer Cremation Over Traditional Burial

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While most women base their choice of burial on personal belief, most men base it on cost, a new survey says.

$400M Nicklas Financial Aligns With JFC, Joins LPL

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The family-owned business, based in Jefferson City, Mo., specializes in retirement planning.

Emerging Markets Roar Back, Too

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A surge in emerging markets has some wary, but others see opportunity.

Raymond James Adds Oregon Team With $285M In Client Assets

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The five-member team moved to Raymond James from Waddell & Reed.

SEC Working To Weaken Whistleblower Program, Consumer Advocate Says

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The accusation came on the same day the SEC announced the biggest whistleblower award in the program's history.

U.S. Airline Stocks Rally Ahead Of A Pickup In Summer Travel

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The enthusiasm for airline stocks is spurring massive inflows in the exchange-traded fund market.

Fed Vow Boosts Debt Binge As Borrowers Cut Thousands Of Jobs

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While the Fed has yet to buy a single bond, its pledge threw a lifeline to the market.

Fauci, Virus Task Force Sidelined With Trump All-In On Reopening

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Anthony Fauci told CNN this week that he hadn’t spoken with Trump in two weeks.

The Stock Rebound Really Gets Going After Wall Street Logs Off

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Overnight sentiment bottomed two days before the S&P 500, and outperformance since then was even more extreme.

U.S. Jobless Rate Unexpectedly Fell In May As Hiring Rebounded

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The data show a U.S. economy pulling back from the brink as states relax restrictions and businesses bring back staff.

Affiliates Of Golden State Wealth Merge

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Golden State brokered the merger between its two DBA affiliates.

American College Of Financial Services Names Mark McLennon Director Of CLU Education Program

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McLennon will lead the college's initiative to modernize its cornerstone educational program.

Senate Passes Changes To Small Business PPP Loan Program

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The Senate's changes to the Paycheck Protection Program give businesses more flexibility in using rescue loans.

Small Caps Will Lead The Way In Recovery, Financial Exec Says

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Is the recovery a "V," a "U" or a backward "L"? That depends on the sector being examined, investors say.