FA News

Bank of America VP Called Seahawks' Disputed Touchdown Pass

Lance Easley, the National Football League referee at the center of a touchdown call criticized by President Barack Obama and others, is a vice president of small business banking at Bank of...

Ex-Hedge Fund CEO Pleads Guilty To $4 Million 'Mom And Pop' Fraud

The former chief executive officer of a New Jersey hedge fund pleaded guilty to a charge he conspired to defraud investors of more than $4 million, federal prosecutors said.

Financial Advisors Are Vastly Underusing CRM Technology

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Less than 20% of financial advisors believe their firms are doing the most they can with customer relationship management (CRM) technology, according to a Schwab survey.

Fed's Evans Defends QE3 While Warning Of U.S. 'Lost Decade'

Federal Reserve Bank of Chicago President Charles Evans said policy makers must not be passive in the face of high U.S...

Retirement Assets Drop In Second Quarter

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Total U.S. retirement assets were $18.5 trillion at the end of the second quarter, 2 percent less than they were at March 31, reports the Investment Company Institute.

Loomis, Sayles Manager Predicts Slow Grind For U.S. Economy

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The economy will face a slow, grinding improvement over the next two years, but the stock market will fare better because of the upcoming election's impact, says a portfolio manager for Loomis,...

SAC Manager Said To Be Uncharged Insider Trading Conspirator

A hedge fund manager at Steven Cohen's SAC Capital Advisors LP is an unindicted co-conspirator in a $62 million insider trading scheme tied to technology stocks, two people familiar with the...

RIA Practices Buy-And-Hold Strategy For Art And Equity

by Juliette Fairley

Kent Gasaway has built a strong record with his Buffalo funds.

Gold May Hit $2,500 In 3 Years as Banks Buy, Newmont Says

Gold may rise to $2,500 an ounce in three years as investors buy the metal as a hedge against inflation, said Richard O'Brien, chief executive officer of Newmont Mining Corp.

Arnott: Target-Date Strategies Are 'Shockingly' Flawed

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The basic premise of target-date strategies is shockingly flawed and investors would be wise to expect a low-yield world going forward, says Rob Arnott, founder and chairman of Research...

CFOs Less Optimistic About U.S. Economic Growth

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Financial executives' confidence in U.S. economic growth this year declined sharply this summer, according to a new study.

Single-Person Households Feel Financial Strain

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The nation's increasing number of single-person households are feeling the strain of balancing their living expenses with saving for retirement, according to a new study.

Former Assisted Living Facility CEO Accused Of $130M Fraud

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The former CEO of a chain of assisted living facilities surrendered after being indicted for allegedly swindling more than 1,000 people out of $130 million.

More College Graduates Living Back With Parents

The Class of 2008, born during the historic bull market that closed the past century, reached a dubious distinction last year: More than a million of the college graduates have gone back home.

In The Trenches: Financial Advisor Offers Prescription For College Savings Anxiety

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What should advisors do to handle the anxiety many clients have about saving for their children's college costs? This financial advisor has some good advice.

Morgan Stanley Changes Name Of Wealth Management Business

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Morgan Stanley Wealth Management is the name consumers will hear going forward for Morgan Stanley Smith Barney.

Morgan Stanley Recommends Investors Reduce Junk Bond Holdings

Investors should reduce their holdings of speculative-grade bonds going into the last three months of the year as yields on the notes hover near record lows, according to Morgan Stanley.

Advisor Confidence Index Falls 1.76% In September

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The Advisor Confidence Index tabulated by Rydex AdvisorBenchmarking dropped 1.76 percent in September compared with August, but advisors did express a more optimistic long-term outlook.

Banks Prevented By SEC From Hiding Some Municipal Bond Yields

The U.S. Securities and Exchange Commission approved regulations that will prevent banks from keeping secret the yields on certain state and local government bonds during the first trading...

FPC Urges Congress To Support SEC Oversight

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The Financial Planning Coalition renewed its call today for Congress to protect investors by supporting the SEC's oversight of registered investment advisors.