FA News

BlackRock Lures Asset Managers, Wealth Funds After PNC Exit

by , ,

BlackRock attracted some of the world’s largest institutional investors when a major stake was sold this month.

Seniors Will Pay Less For 2020 Medicare Premiums, Study Finds

by

Projected costs for Medicare Part D premiums and out-of-pocket expenses should go down 10% this year, the study said.

Fed Continues ETF Buying, Signals Muni Lending Facility Imminent

by

The Fed's weekly balance sheet update showed its holdings of ETFs continued to grow over the past week

Kingdom Trust Rolls Out An IRA That Can Hold Any Asset

by

The new account is made possible by Kingdom Trust's recent acquisition of Choice Holdings.

The Worst Is Over, Even If Another Downturn Is Coming, Advisor Says

by

Advisor Julia M. Carlson says clients are more optimistic, but warns them to watch out for new threatening developments.

With Reg BI Deadline Fast Approaching, Pershing Offers Digital Form CRS Solutions

by

Pershing is offering both an end-to-end solution and a tracking and reporting solution.

House Votes To Extend Popular PPP Loan Program

by ,

The House measure would give companies much more time to spend the money and still qualify to have PPP loans forgiven.

Vestwell Brings All-ETF Target-Date Strategies To The 401(k) Market

by

ETFVest will combine fiduciary services from LeafHouse Financial with Stadion and Vestwell's recordkeeping.

U.S. Renewables Outstrip Coal For First Time Since 19th Century

by

For the first time since the late 1800s, the U.S. consumed more energy from renewable sources last year than from coal.

Americans On Jobless Benefits Post First Drop Of Pandemic

by

In a sign people are starting to return to work, states’ jobless rolls shrank for the first time since the pandemic.

U.S. Junk Bond Funds To Add Another $6 Billion As Appetite Grows

by ,

The inflows began after the Federal Reserve’s move to buy corporate bonds on March 23.

Finra Sanctions Stifel Nicolaus More Than $3.6 Million For UIT Violations

by

The agency said broker-dealer Stifel Nicolaus allowed reps to recommend costly early UIT rollovers to clients.

LPL Agrees To Purchase Of Seattle's $2B EK Riley

by

LPL estimates a return on the E.K. Riley asset acquisition at approximately six times market value.

Legg Mason's New ETF Kicks Off With A Secret: Its Stock Holdings

by ,

Legg Mason is starting a value-focused ETF that will conceal its holdings.

New York Gold Traders Are Drowning In A Glut They Helped Create

by

The New York gold market has been flipped on its head in just a couple of months.

Help Wanted: Risk-Takers Willing To Work Hard Jobs For Low Pay

by

Some industries are hiring tens of thousands, but the demand often comes with high risk and low pay.

Green Shoots Emerge In World Economy As Virus Lockdowns Ease

by , ,

Slowly but not surely, the world economy is emerging from its coronavirus-enforced hibernation.

ProEquities Launches Financial Advisor Apprenticeship Program

by

New advisors accepted as apprentices get access to professional coaching and discounts on CFP certification classes.

Fallen Angels Swamp The Junk Bond Market

by

The high-yield space has grown fast with the fall of many American icons like Ford into junk status.

Holistiplan Introduces Automated Tax Optimization Feature

by

Solve For Max looks across a client's taxes to determine where additional income may be taken.