FA News

Romney's And Obama's Dueling Economies

President Barack Obama and Republican nominee Mitt Romney made competing assertions about the economy during their debate in Denver. How did they square with the facts?

California Investment Advisor Faces Fraud Charges, SEC Suit

A San Francisco-based investment advisor faces federal criminal charges and a civil lawsuit by securities regulators for allegedly stealing more than $500,000 from an investor.

Investcorp Seeds Ex-Goldman Traders Hedge Fund

Two former Goldman Sachs Group Inc. senior traders are starting a hedge fund with at least $50 million in initial capital from Investcorp, a firm that seeds alternative-investment firms.

Food, Water Shortages Should Alarm All Investors

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Sustainability needs to be embraced by all investors and integrated across capital markets if the world is to address its most pressing problems, says the president of a leading U.S...

Romney's $17,000 Deduction Limit Would Hit Some Wealthy Clients Hard

Mitt Romney's idea for capping individuals' tax deductions at $17,000 would impose a burden that would fall hardest on the wealthiest taxpayers, who make the most use of the breaks.

BlackRock Leads Firms Poised To Win When Hedge Fund Ads Cleared

The firms most likely to benefit first from new rules that would allow hedge funds to conduct wide advertising campaigns aren't hedge funds.

Corporate Social Responsibility Efforts Lead To Alpha, Study Says

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Successful corporate social responsibility efforts by investors with U.S. companies lead to an excess annual return of 4...

Why Investors Should Look For MCC Certification

by Thomas M. Kostigen

Financial advisors and wealth managers who invest internationally should be looking for country certification of environmental, social and governance issues.

Mortgage Prepayment Rate Hits Highest Level Since 2005

Mortgage prepayment rates have soared to the highest in seven years as homeowners take advantage of the lowest borrowing costs on record to refinance.

Poachers Home In On Troubled Morgan Stanley

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With Morgan Stanley's well-publicized technology travails fueling broker dissatisfaction, industry experts say Merrill Lynch's recruiting raids of the firm's top wealth managers are to be...

BlackRock's Fink Says U.S. Is One Year Away From Robust Economy

BlackRock Inc.'s Laurence D. Fink, who has been trying to persuade retail investors to get out of cash, said the U.S. is about a year away from having a more robust economy.

Florida Man Pleads Guilty To Phony Facebook Shares Scam

A South Florida man charged with running an $11 million scam involving non-existent shares in companies including Facebook Inc. and Groupon Inc...

Vanguard Replaces Benchmarks On 22 Index Funds

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Replacing MSCI with FTSE and new CRSP benchmarks will reduce Vanguard's costs and is expected to bring lower shareholder fees.

Interest Growing In Russian Bonds

Russia is preparing to open its bond market to foreigners, and investors already are lining up to take part.

Workers' Recession Doldrums Still Linger, Study Says

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Although the national recession has passed, people's confidence in their finances has not returned to pre-recession levels, according to a survey by the Society of Actuaries.

Stanzak Named 2013 FPA President-Elect

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Janet Stanzak, principal and owner of Financial Empowerment LLC of Bloomington, Minn., has been elected president-elect of the Financial Planning Association (FPA) for next year.

Washington Wealth Joins LPL Platform

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Independent registered investment hybrid advisor Washington Wealth Management is affiliating with LPL Financial, company officials said Tuesday.

Wirehouses Seen Losing 7% Market Share By 2015

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The wirehouse asset management market continues to lose advisors to the RIA sector and could lose as much as seven percent market share over the next three years, according to  Cerulli...

CFP Board May Increase CE Requirements

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CFP certificants would be required to obtain 10 additional hours of continuing education every two years under proposals being considered by the CFP Board of Standards.