Biden White House wipes student-debt slates clean for art school victims
The Biden administration has cancelled $6.1B worth of loans for 317,000 Americans who were deceived by the Art Institutes.
DOL’s fiduciary rule faces first legal challenge
Lawsuit filed in Texas federal court argues that the agency “has exceeded its authority,” acting inconsistently with ERISA’s intent.
Whatever happened to that small-cap rally?
Despite all the year-end predictions that small-cap stocks would outperform in 2024, the Russell 2000 index continues to trail the S&P 500 by a wide margin.
DOL urged to refresh guidance for target-date funds
New report argues the guidelines, developed more than a decade ago, must be updated to better reflect current landscape of 401(k) plan options.
What are asset managers doing about DEI?
Inaugural report covering 1,200 firms shows adoption of formal DEI policies, recruitment programs, and best practices to tackle representation gap.
Spurs co-owner Sixth Street laying ground for debut sports fund
The San Francisco-based investment firm and NBA team stakeholder is reportedly in talks to raise its first vehicle for sports teams and leagues.
Private Advisor Group expands in Tennessee
The independent RIA bolsters its community in the East Coast as it welcomes former Edward Jones advisor.
BlackRock-backed Willow wants to help advisors catch the wealth transfer wave
With fresh funding, the startup catering to financial advisors is offering new courses geared towards women and NextGen investors.
Fiducient Advisors names new president
The NFP affiliate firm announces industry veteran in a planned succession as its leader of nearly 20 years steps down.
JPMorgan taps ChatGPT for new thematic investment suite
The banking giant’s generative AI-powered strategy, IndexGPT, is the latest attempt by Wall Street to harness the nascent technology.
Trump Media stock plunges after SEC auditing bombshell
The company’s share price slumped after the federal regulator revealed charges of “massive fraud” against its auditing firm, leading to $14M in penalties.
Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back
CFPB report says fees offset gains, but the ABA says it's inaccurate.
Wealthiest taxpayers are a priority for IRS with more audits on the way
The tax agency has updated its Strategic Operating Plan.
Bond traders now think Fed will move faster
Yields have fallen since the central bank's latest decision.
Gold heading for worst weekly loss since February
Higher-for-longer rates expectation has weakened demand.
SVB Financial set to offload VC unit to Pinegrove affiliate
Brookfield and Sequoia Capital are backing the buyers.
How to get sales and compliance on the same page
There needs to be a healthy working relationship between the powers screaming 'Now!' and those saying, 'Not so fast!'
Want to go RIA with annuities? Here’s where to start
Ditching your legacy annuities when going independent used to be commonplace but there are now more options, says industry insiders.
A look at Schwab’s TD migration, 8 months in
The company says it has been working to make former TD RIA clients happy, but smaller alternative custodians say they've been getting a lot of business.