FA News

Treasuries Decline As U.S. Employers Add More Jobs Than Forecast

Treasuries extended losses after a private report showed U.S. companies added more jobs in August than economists forecast.

Texas Pensions Pan Steps By States To Close Deficits

Texas public pensions say they wouldn't close their funding gap by switching to defined contribution plans.

Wall Street Finds Friends Can Help Scrub Records

In an age of countless Ponzi schemes, investors are trying to sleuth out their brokers' backgrounds, but not every resource offers a full picture of firms' wrongdoing.

Wall Street CEOs Strut While Middle Class Suffers, Warren Says

U.S. Senate candidate Elizabeth Warren, at the Democratic National Convention, intensified her criticism of Wall Street CEOs.

EBRI Recognizes Sharpe For Enhancing Americans' Economic Security

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Nobel Prize-winning economist William F. Sharpe has been awarded the 2012 Lillywhite Award from the Employee Benefit Research Institute.

SEC Charges Three South Florida Men in $27.5 Million Investment Fraud

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The SEC today charged three South Florida men with orchestrating a $27.5 million scheme in which they stole investors' money to help fund their own lavish lifestyle.

Financial Advisors Offer An Emphatic 'Yes' On Client Referrals

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A perennial question financial advisors ask themselves is whether or not they should ask their current clients for referrals.

Gross Says Age Of Returns Led By Credit Expansion Is Over

Bill Gross, who runs the world's biggest bond fund at Pimco, said private credit-market debt is too high and the age of credit expansion that led to "double-digit" returns is over.

Social Security Beat: Don't Forget The Spouse

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A financial advisor can help clients avoid common mistakes in deciding when to collect Social Security.

Financial Advisors Put In Difficult Position Over Variable Annuity Buyouts

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Financial advisors are being put in a very difficult position when clients are faced with buyout offers on their variable annuities that have guaranteed payments, experts in the field say.

NFL Agent Under Investigation For Relationship With Financial Advisor

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Sports agent Drew Rosenhaus and financial advisor Jeff Rubin are under investigation by The National Football Players Association for potentially violating NFL financial conduct policies,...

Owens To Retire As Vanguard Health Care Fund Portfolio Manager

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Edward P Owens, CFA, is stepping down as portfolio manager of Vanguard Health Care Fund effective Dec. 31.

A Quarter of Americans Polled Consider Themselves Poor

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The continuing national economic slump is having a toll on Americans' psyches, with one in four polled considering themselves as poor, according to a new survey.

The Hartford To Sell Retirement Business To MassMutual

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The Hartford has signed a definitive agreement to sell its retirement plans business to Massachusetts Mutual Life Insurance Company for $400 million.

Jarrett Says Obama Wants Tax Overhaul

Valerie Jarrett, a senior advisor to Barack Obama, said the president would work with the business community to overhaul the tax code in a second term.

Merrill Lynch Teams Create New Independent Firm

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Two advisory teams from the Merrill Lynch Private Client Group have created True Private Wealth Advisors LLC in Salem, Ore...

Gold Climbs Above $1,700 Amid Further Central Bank Stimulus Bets

Gold topped $1,700 an ounce for the first time since March on speculation that a sluggish global economy will force central bankers to add monetary stimulus.

Napfa Elects New Chair

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Lauren Locker, CFP, founder of Locker Financial Services LLC in Little Falls, N.J., has been elected national chair of Napfa effective immediately, the organization announced today.