FA News

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.

'Budgetary Crystal Meth' Risks U.S. Haven Status, Gross Says

Pacific Investment Management Co.'s Bill Gross said the U.S. will no longer be first destination of global capital in search of safe returns unless the gap between spending and debt is...

Military Families Short On Financial Advice

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Military personnel have a tremendous need for financial planning but little is available on a standardized basis, according to two former military members who are now CFPs.

Top 1% Got 93% Of Income Growth As Rich-Poor Gap Widened

The recovery that officially began in mid-2009 hasn't arrived in most Americans' paychecks, as earnings fell 1...

Cambridge University Considers Bond Issue

Cambridge University said it may sell bonds for the first time in its 800-year history after winning a top credit rating from Moody's Investors Service.

JPMorgan Sued by N.Y. For Fraud Over Mortgage Securities

JPMorgan Chase & Co., the biggest U.S...

Almost 2,400 Millionaires Pocketed Unemployment Benefits

Almost 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of $1 million or more, according to the Congressional Research Service.

Health-Care Costs Keep 1 In 3 Americans From the Doctor

Health-care costs are keeping patients away from the doctor with about 1 in 3 Americans saying they put off a medical treatment or regular checkup because of the expense.

Did Romney Pay Too Much Federal Tax?

by Eric L. Reiner

Clients may be asking how Republican presidential candidate Mitt Romney gets his tax rate to as low as 14.1%-and how you can do the same for them...

Arnott Misses Fundamental Points, Says Folio Investing CEO

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Robert Arnott's recent criticism of target-date fund strategies is an "unfortunate" analysis that misses fundamental points, says Folio Investing's CEO Steven M.H. Wallman.

Merrill Lynch Rejected By High Court On Broker Race-Bias Suit

Bank of America Corp.'s Merrill Lynch unit must defend against a race-discrimination lawsuit on behalf of 700 black financial advisors, as the U.S. Supreme Court turned away a company appeal.

Key Morgan Stanley Broker Jumps Over To J.P. Morgan

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A top Morgan Stanley broker has switching over to J.P. Morgan Securities, according to Financial Industry Regulatory Authority broker records.