FA News

LPL Financial Adds Delaware Valley Financial Group

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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

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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

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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

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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

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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

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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

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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.

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.