FA News

Gundlach Prophecy On Equities Seems To Be Materializing

As politicians debate whether Americans are better off than they were four years ago, the stock market is saying yes.

Mortgage-Bond Spreads Fall To Record Low As Fed Starts Buying

A measure of relative yields on mortgage securities dropped to the lowest on record after the Federal Reserve said it will expand its purchases, extending a rally that offered hedge funds...

Six Financial Advisors Awarded For Community Service

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Six financial advisors were honored by The Invest in Others Charitable Foundation for their leadership and commitment to making a positive impact in their communities.

NYSE Penalized By SEC For Giving Head Start On Trading Data

NYSE Euronext will pay $5 million to resolve U.S. regulatory claims that the New York Stock Exchange violated rules by giving certain customers a head start on trading information.

Consumer Price Index Increases By Most Since 2009

The cost of living in the U.S. climbed in August by the most in more than three years, reflecting a surge in fuel costs.

Two Former Pa. Excutives Sent To Prison For Fraud

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Two former executives of a Pennsylvania commercial lender have been sentenced to federal prison terms and ordered to pay $53 million each in restitution for orchestrating a financial scam over a...

United Capital Hires Gail Graham, Stephanie Bogan

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RIA aggregator United Capital expanded its leadership team by hiring Gail Graham, formerly executive vice president at Fidelity Institutional Wealth Services, and Stephanie Bogan, formerly CEO of...

Life Insurance 'Conversation' Lacking, Survey Says

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Most people view life insurance as a valuable financial planning tool but few have as much as they feel they might need and a lot have never even discussed the issue with their families,...

LPL Advisors Focus On Succession Planning

by Mike Byrnes

The lack of succession planning among the financial industry's aging advisor population remains an issue, but LPL Financial advisors are showing interest in solving the problem.

Wholesale Prices Rise Most In Three Years On Oil

Wholesale prices in the U.S. increased in August by the most in more than three years, reflecting a surge in energy costs. 

Jobless Claims Rose More Than Forecast Last Week

The number of Americans filing applications for unemployment benefits rose more than projected last week, showing scant improvement on the outlook for jobs.

Pimco Sees Global Growth Slowing Amid Rising Recession Risks

Pacific Investment Management Co. predicted the global economy will weaken next year as it warned the likelihood of widespread recessions across developed nations is increasing.

U.S. Unbanked Households Rising

U.S. families without bank accounts grew by 821,000 from 2009 to 2011, pushing the so-called unbanked population to 8...

Rich-Poor Gap Widens To Most Since 1967 As Income Falls

The gap between rich and poor Americans grew in 2011 as the poverty rate remained at almost a two-decade high.

Financial Advisors Wary Of Global Investing, Survey Says

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Uncertainty and anxiety about the future of international markets may be skewing financial advisor client advice on global investing, according to a new survey.

The Hartford Sues Three For Alleged Information Theft

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Three former employees of Woodbury Financial Services Inc...

Workers Need To Save 8X Salary To Retire, Fidelity Says

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Fidelity Investments today laid out guidelines to help workers meet their retirement income goals. 

Americans Without Health Insurance Decline

The number of people without health insurance fell last year, as many under the age of 26 took advantage of a provision in President Barack Obama's health-care overhaul allowing them to be...