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Millennials save for retirement years earlier than boomers
RETIREMENT PLANNING APR 19, 2022
Millennials save for retirement years earlier than boomers

Schwab study shows the YOLO generation is beating boomers when it comes to starting and stuffing their 401(k)s.

Blackstone adds to bet on student housing with $13 billion deal
ALTERNATIVES APR 19, 2022
Blackstone adds to bet on student housing with $13 billion deal

Blackstone and other PE firms are wagering that off-campus housing will provide better returns than apartments and other residential assets, which have soared in value since the pandemic.

Former Morgan Stanley adviser accused of Ponzi scheme in SEC suit
REGULATION, LEGAL & COMPLIANCE APR 19, 2022
Former Morgan Stanley adviser accused of Ponzi scheme in SEC suit

Shawn E. Good, from Wilmington, North Carolina, had clients send funds to his personal bank account to supposedly make low-risk investments in real-estate development projects,

Supreme Court rejects state challenge to SALT deduction cap
REGULATION, LEGAL & COMPLIANCE APR 18, 2022
Supreme Court rejects state challenge to SALT deduction cap

The court refused to review a New York-led constitutional challenge to the $10,000 cap on state and local tax deductions imposed in the 2017 tax law.

Goldman Sachs sees US recession odds at 35% in next two years
FINTECH APR 18, 2022
Goldman Sachs sees US recession odds at 35% in next two years

The Fed’s main challenge is to reduce the gap between jobs and workers, and to slow wage growth to a pace consistent with its 2% inflation goal.

Do-good funds are booming as ETF launches double from last year
MUTUAL FUNDS APR 14, 2022
Do-good funds are booming as ETF launches double from last year

At least 20 exchange-traded funds focused on environmental, social and governance criteria have launched so far this year, as issuers try to grab a slice of the market that's winning new cash.

Wells Fargo rolls out new racial equity initiative amid scrutiny
PRACTICE MANAGEMENT APR 14, 2022
Wells Fargo rolls out new racial equity initiative amid scrutiny

The firm announced a $210 million effort to help minority families refinance mortgages.

JPMorgan Q1 results marred by $524 million loss tied to Ukraine
RIA NEWS APR 13, 2022
JPMorgan Q1 results marred by $524 million loss tied to Ukraine

JPMorgan’s fixed-income traders pulled in $5.7 billion in the first three months of the year, crushing analysts’ estimates by $1 billion.

Vanguard to offer financial advice to AmEx credit-card customers
RIA NEWS APR 12, 2022
Vanguard to offer financial advice to AmEx credit-card customers

The AmEx by Vanguard program has an investment minimum of $10,000 and an annual gross advisory fee of 0.5%.

Goldman women pick lawsuit over arbitration but many abstain
REGULATION, LEGAL & COMPLIANCE APR 12, 2022
Goldman women pick lawsuit over arbitration but many abstain

Almost everyone who’s responded wants to stay in court. But half of the group didn’t respond at all, which means they’re leaving the lawsuit.