FA News

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

by

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

by

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

by

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

by

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

by

Three former employees of Woodbury Financial Services Inc...

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

by

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...

BNP Paribas Details Plan To Expand U.S. Wealth Management

BNP Paribas SA, France's biggest bank, embarked on a five-year plan to expand services to affluent U.S. clients as the company looks to businesses beyond its core European market for growth.

Fed Seen Starting QE3 While Extending Rate Pledge To 2015

The Federal Reserve is likely to announce a third round of bond purchases tomorrow, according to almost two-thirds of economists in a Bloomberg survey, while also extending the duration of its...

NFP Life Gets New President

by

Insurance and wealth management services provider National Financial Partners Corp. on Tuesday appointed Anne Long as president of NFP Life.

Morgan Stanley Prevails As MSSB Value Set At $13.5B

Morgan Stanley agreed to buy the rest of its brokerage joint venture from Citigroup Inc. at a fixed price that values the entire unit at $13...