FA News

Morningstar Proposes Strategy For Generating Retirement Income

by

How much additional retirement income can investors generate by making better financial planning decisions? Morningstar said today it has developed new research that can quantify that amount.

Confidence In Market Grows

by

The number of investors with at least some confidence in U.S. capital markets has increased slightly since the end of last year, according to the Center for Audit Quality.

Peregrine's Wasendorf Pleads Guilty To Embezzlement, Fraud

Peregrine Financial Group Inc. founder Russell Wasendorf Sr. pleaded guilty to stealing more than $100 million from the bankrupt commodities firm's customers.

FSC Securities Recruits Megent Financial

by

Broker-dealer FSC Securities Corp. has recruited Eric Burton and Ron Whittingham and their practice, Megent Financial, which previously was affiliated with LPL Financial.

LPL Financial Adds Delaware Valley Financial Group

by

LPL Financial LLC has added independent firm Delaware Valley Financial Group (DVFG) to its broker-dealer and corporate RIA platform, company officials said.

Long-Term Care Insurance Faces Uncertain Future, Moody's Says

Long-term care insurance has an uncertain future as it may be difficult for firms to profit from the product, Moody's Investors Service said today.

Low Interest Rates Hurting Retiree Income Market, Says Survey

by

Because of low interest rates, many American retirees are either reducing withdrawals from investments or are taking out way too much, says Hearts & Wallet's annual report of U.S...

Sales Of U.S. Existing Homes Rose In August To Two-Year High

Sales of existing homes rose more than forecast in August to a two-year high, an additional sign the U.S. housing market is gaining traction in the second half of the year.

Chicago Broker-Dealer, Advisory Firm Charged With Misleading Investors

by

The co-founder of a Chicago-based investment firm was charged Tuesday by the SEC with misleading investors in two private equity offerings for an alternative energy company.

Guggenheim's Defined-Maturity Bond ETFs Offer Advisors Flexibility

by Juliette Fairley

To tap into fresh bond-market inflows, Guggenheim Investments has added six new funds to its existing line up of advisor-focused defined-maturity bond ETFs.

U.S. Economy To Grow At Slow Pace, Says Study

by

The U.S. economy is on track to faster growth, but obstacles will slow progress over the next year, according to a report released today by TD Economics, an affiliate of TD Bank.

Financial Advisors Not Convincing Middle Class They're Needed

by

Most middle-class Americans have made costly financial mistakes but won't seek professional financial advice. Financial advisors are the ones who must change that dynamic, says Primerica's co-CEO.

Economy In 'Twlight Zone,' Says Morgan Stanley Chief Economist

The world economy is sliding into a "twilight zone," trapped between outright expansion and renewed recession.

New Jersey: Sad State As Mortgage Defaults Exceed Nevada's

A growing backlog of properties is facing repossession in the state, which now has the second-highest serious delinquency rate in the U.S. and unemployment at a 35-year high...

More Arrests, Fewer Protestors At Occupy Wall Street Event

New York City police arrested 124 Occupy Wall Street protesters celebrating the movement's first birthday as events drew fewer participants than similar demonstrations in May.

FPA Members Can Get Discounted Technology

by

FPA members will be able to license Omyen Corp financial planning, client acquisition, workplace advice and guidance technology platforms at discounted prices.

Nonprofit CEO Pay Topping $1 Million Rises Along With Scrutiny

More than 20 nonprofit groups, from New York Presbyterian Hospital and the Boys & Girls Clubs of America to Lincoln Center for the Performing Arts, paid top executives more than $1 million a year...

Despite Low Interest Rates, Bond Funds Gain Over $1.1 Trillion Since '08

by

Long-term mutual fund inflows were just $20.7 billion in August, with open-end U.S.-stock funds facing yet another month of outflows, losing $14.3 billion, according to Morningstar Inc.