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8 in 10 Americans admit regrets about their financial choices
INDUSTRY NEWS FEB 20, 2024
8 in 10 Americans admit regrets about their financial choices

Survey reveals the most common things that people wish they had done.

By Steve Randall
China economy fears outweigh earnings in early trading
EQUITIES FEB 20, 2024
China economy fears outweigh earnings in early trading

European and Asian markets started Tuesday in decline.

By Bloomberg
Capital One to pay $35B for Discover in 2024's largest deal so far
INDUSTRY NEWS FEB 20, 2024
Capital One to pay $35B for Discover in 2024's largest deal so far

Combined entity will be largest US credit card firm by loan volume.

By Bloomberg
Why are investors souring on Indian equities?
INDUSTRY NEWS FEB 20, 2024
Why are investors souring on Indian equities?

Headwinds pose risk to elevated valuations, sparking profit-taking.

By Bloomberg
Stock market firm to boost parental leave to 26 weeks
INDUSTRY NEWS FEB 20, 2024
Stock market firm to boost parental leave to 26 weeks

It will escalate benefit for US workers and surpass many industry rivals.

By Bloomberg
Social Security fixes include raising retirement age, taxable income cap: Conference Board
RETIREMENT PLANNING FEB 19, 2024
Social Security fixes include raising retirement age, taxable income cap: Conference Board

Report from policy think tank details the program's financial problems and suggests a number of reforms.

By Leo Almazora
Has the wealth industry entered a new era of dealmaking?
RIAS FEB 19, 2024
Has the wealth industry entered a new era of dealmaking?

Echelon Partners report shows RIAs continuing to gain market share in 2023, while private equity firms figured in three-fifths of transactions.

By Leo Almazora
JPMorgan expects to pay more than $350M for trade-reporting lapses
BROKER DEALERS FEB 16, 2024
JPMorgan expects to pay more than $350M for trade-reporting lapses

The firm will settle claims with two US regulators that it failed to feed information on trades into market surveillance systems.

By Bloomberg
A nomination makes someone feel ‘more included,’ manager says
INDUSTRY NEWS FEB 16, 2024
A nomination makes someone feel ‘more included,’ manager says

Nominations for the InvestmentNews Awards close on March 1.

By Josh Welsh
Former Northwestern Mutual advisor launches own RIA
RIAS FEB 16, 2024
Former Northwestern Mutual advisor launches own RIA

California-based Greykasell Wealth Strategies provides planning services to high-net-worth individuals, families, and business owners.

By Leo Almazora
Trump fined $364M in New York civil fraud trial
INDUSTRY NEWS FEB 16, 2024
Trump fined $364M in New York civil fraud trial

The former president was also banned from running any business in the state for three years.

By Bloomberg
SEC orders TIAA to pay $2.2M for violating Reg BI
REGULATION AND LEGISLATION FEB 16, 2024
SEC orders TIAA to pay $2.2M for violating Reg BI

Disclosure failures at the organization’s broker-dealer arm led to nearly $1 million in unnecessary costs for retail customers in IRAs.

By Leo Almazora
Goldman CEO Solomon’s pay surges 24 percent to $31M
BROKER DEALERS FEB 16, 2024
Goldman CEO Solomon’s pay surges 24 percent to $31M

The board lifted the CEO's pay after the firm's profit tumbled last year.

By Bloomberg
SEC fines VanEck $1.75M over ETF finfluencer promotion
ETFS FEB 16, 2024
SEC fines VanEck $1.75M over ETF finfluencer promotion

While the SEC doesn't name the influencer, Dave Portnoy, founder of the website Barstool Sports, partnered with VanEck during the fund's launch.

By Leo Almazora
What investors should know about the Fidelity 401(k) 
FEB 16, 2024
What investors should know about the Fidelity 401(k) 

Is a 401(k) plan from Fidelity a good retirement vehicle or should you shop for an alternative plan provider? Find out more here

By Ramon Berenguer
ESG investing for beginning investors 
FEB 16, 2024
ESG investing for beginning investors 

ESG Investing can be excellent for beginning investors who want to grow wealth, without compromising their values. Can this be true?

By Ramon Berenguer
Wealth management division helps propel Empower to new records
RETIREMENT PLANNING FEB 16, 2024
Wealth management division helps propel Empower to new records

The 10-year-old firm has seen strong growth in its assets, client base, and earnings.

By Steve Randall
Older people lose $28B to scams, maybe due to a more trusting nature
INDUSTRY NEWS FEB 16, 2024
Older people lose $28B to scams, maybe due to a more trusting nature

University of Florida research reveals years of experience can be a bad thing.

By Steve Randall
Atlanta Fed president says rate cuts may not come for a while
INDUSTRY NEWS FEB 16, 2024
Atlanta Fed president says rate cuts may not come for a while

Raphael Bostic said Thursday that conditions remain uncertain.

By Bloomberg
Has a global investment bank banned the long weekend?
INDUSTRY NEWS FEB 16, 2024
Has a global investment bank banned the long weekend?

Not exactly, but four straight days at home are no longer allowed.

By Bloomberg