Colorado-based Biopharmaceutical Company Fined For Misleading Investors

Only 47 percent of widowed couples planned for life after the death of a spouse, but more thatn three-quarters of them said the passing of their spouse was the most significant event of their life.

Stocks are opening slightly lower on Wall Street as investors waited to see whether the Trump administration will formally announce tariffs on another $200 billion-worth of Chinese goods. The two governments have already imposed 25 percent tariffs on $50 billion of each other’s goods. Restaurant chains and technology companies are among the decliners.

Americans’ concern about the state of the U.S. economy is at its lowest level on record, according to a new survey that’s been tracking the issue for decades. Although the storm could be the costliest in U.S. history, economists don’t expect Florence to have a long-term effect economically.

On the brink of crumbling a decade ago, America’s financial system was saved by an extraordinary rescue that revived Wall Street and the economy yet did little for individuals who felt duped and left to suffer from the reckless bets of giant banking institutions.

An employee on maternity leave was watching news on TV the day before she was returning to work. Then she saw it would also be the last day as she knew it at her venerable Wall Street firm.

A Republican-led panel in the U.S. House of Representatives voted Thursday to make the individual tax cuts from President Donald Trump’s 2017 tax overhaul permanent, a move seen by some as a bid to help GOP candidates in the Nov. 6 congressional elections.

On the brink of crumbling a decade ago, America’s financial system was saved by an extraordinary rescue that revived Wall Street and the economy yet did little for individuals who felt duped and left to suffer from the reckless bets of giant banking institutions.

US housing starts are forecast to see annual growth of 2.4% through 2022, scaling up to 2007 levels. But the size of units is expected to shrink over the period.

In 2016, three New Hampshire financial advisors jumped from Wells Fargo Advisors to stamp the footprint of New Boston- based Steward Partners LLC in Keene. Among the major wirehouses- large integrated brokers with national markets and all part of the nation’s largest banks- Morgan Stanley Wealth Management has lost 570 advisors, Wells Fargo Advisors 476,…

With Ohio National closing its annuity business, the next step is how soon the block might be put up for sale.

One thing is for sure, there won’t be any shortage of inquiring buyers who want to know.

As much as $10 trillion of small business wealth could be transferred over the next 10 years by the same people who once made hula hoops all the rage, blue jeans an everyday fashion choice and dramatic social change a way of life. “It seemingly is like nothing this country has ever experienced,” says Josh Curtis, managing director at Footprint Capital, a Columbus-…

–According to the 2018 Allianz Tuition Insurance College Confidence Index, roughly 40 percent of families find the Free Application for Federal Student Aid challenging to complete– a troubling statistic considering the growing number of families saving nothing for college. The index reveals a growing “college savings gap,” as even parents who have saved have…

How clients, bosses or even other family members perceive financial advisors is often different than how those very same advisors see themselves.

The financial advisory industry suffers from a lack of clarity around the services included in wealth management. Spectrem Group’ s new study, Defining Wealth Management, asks investors what undefined industry terms mean to them, and what they expect from a firm that offers“ wealth management services.” Based on…

Robo-advisory apps make aspects of investing more accessible, more seamless and less costly. But as robo-advisory technology matures and a new generation of investors emerge, it’s becoming apparent that automation won’t seize control of the investment world anytime soon.

The bankruptcy filing of Lehman Bros. 10 years ago this month shot off a flare that signaled that an already weak economy was in deep trouble. Caught in the storm that led to the financial crisis were homeowners who found themselves underwater on their mortgages, meaning they owed more than their homes were worth. Jesse Van Tol, CEO of the National Community…

The current bull market began in 2009, most analysts agree, and is the longest on record.

–Women in the United States control $14 trillion of the nation’ s personal wealth, or slightly more than half, yet their approach to investing is often underappreciated by the financial services industry charged with helping individuals and families grow their savings, according to research commissioned by PIMCO, one of the world’ s premier fixed income…

On Wednesday, the Senate confirmed the SEC’s newest commissioner Elad L. Roisman.

–Twine, the savings and investing app backed by John Hancock, today released the results of a new consumer survey, which uncovered new attitudes and habits around investing among 1,000 U.S. adults. Forty-four percent of millennials scored a passing grade on the investing pop quiz. There are misconceptions around what it takes to start investing. Nearly half of…

The industry is rolling out newer, flashier innovations — from robo-advising platforms to smart speakers that provide account balance updates — that many plan sponsors think could be the solution that helps their workforce get on track for retirement.

Last fall, three big wirehouses dropped a bombshell on the broker recruiting world with plans to opt out of an agreement to provide safe passage to advisors leaving for another firm.

Owing money in retirement isn’t ideal- but most people do. Seventy percent of U.S. households headed by people ages 65 to 74 had at least some debt in 2016, according to the Federal Reserve’s latest Survey of Consumer Finances. “It is much easier to keep working for another year or two than to try and come back into the workforce when they are older and the employer…

Asian shares are mixed as the lack of new leads following a U.S. holiday kept attention focused on trade worries and slower Chinese manufacturing. South Korean and Chinese indexes rose while Japan’s benchmark Nikkei 225 was lower. Australian shares fell after the Reserve Bank of Australia maintained its economic forecast and kept its benchmark interest rate at a record-low 1.5 percent.

One in three of actively managed funds either performed at the same level or outperformed passively managed peer funds in 2017, according to a Morningstar study.

According to the latest Charles Schwab ETF Investor Study, three out of four exchange traded fund investors would invest more in SRI funds “if they had more education and professional guidance.”

A decade removed from the 2008 financial crisis advisors have shifted toward “safer” products as they approach planning through a more balanced and holistic lens, a new survey found.

A Trump impeachment on the economy, stock market and bond market. After all, there’s a lot at stake for Americans, regardless of political affiliation.

2017 was the lowest year on record for registered firms entering the industry, according to FINRA’s 2018 Industry Snapshot Report.

The usage of apps and fears over data privacy are two very different numbers – and represent two very different mindsets, according to The Clearing House, a banking association and payments company

Social Security benefits are the primary source of retirement income for the majority of retired Americans. It’s therefore not terribly surprising that many retirees and near-retirees are worried about whether their Social Security payments are safe.

Clients still scarred from the losses are better prepared for the next market nosedive, advisors say.

The fact is most Americans have a combination of credit cards, student loans, mortgages, car loans and personal loans, which make it difficult to get ahead in paying off burgeoning debts

In a statement from the SEC, Chairman Jay Clayton shared his takeaways from the feedback the commission has received regarding the proposed rule-making package that contains Regulation Best Interest, Form CRS and a fiduciary standard.

President Trump painted a doomsday picture of the U.S. economy in which “everybody would be very poor” should Congress move to impeach him — but economists and history disagree.

Data from LPL Financial suggests that while active managers have struggled to perform against equity benchmarks the past few years, they may be poised for a comeback.

The S&P has spent 23 days at one percent movement or more in the first quarter of 2018. Yet, millions of American investors have the misconception that the current market is “stable” and “easy” leading them to make uniformed and risky financial decisions.

The current bull run on Wall Street became the longest in history on Wednesday at 3,453 days, beating the bull market of the 1990s that ended in the dot-com collapse in 2000.

After 17 consecutive quarters of declines, second-quarter sales of VAs rose – if ever so slightly – 2 percent to $25.8 billion compared with the year-ago period, LIMRA Secure Retirement Institute reported.

Americans are spending a ton of cash to support their kids’ sports efforts – up to $500 per month and more, says a TD Ameritrade Study. The fact is, most kids don’t get a college sports scholarship, let alone start at point guard in the NBA. So, how can advisors tamp down expectations of athletic greatness from client parents, and keep overspending in line?

The stock market will officially celebrate the longest bull market ever Wednesday. Still, some analysts are concerned about the potential for a downturn.

Sooner or later, investment advisors are going to see their advice rejected, and they’ll need an action plan to deal with the issue.

Noe Hinojosa Jr., the city’s financial advisor and CEO of Dallas- based Estrada-Hinojosa& Co., shed some light on the financial structure the city is proposing to pay for its new, $44 million terminal for Brownsville South Padre Island International Airport, a project in the works for more than one decade. The city commission recently authorized the issuance of…

Responsible investing allows you to invest in ways that align with your values without sacrificing financial performance.. The expression“ put your money where your mouth is” may be more possible than you realize. In 2016, responsible investment strategies accounted for $1 of every $5 being professionally managed in the United States– and the number will…

President Donald Trump said Friday he favors getting rid of the quarterly earnings reports issued four times per year by public companies, saying they’re an impediment to growth. I have asked the SEC to study! ” This summer, J. P. Morgan Chase CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffett were also critical of the reporting law.

Thirty-four percent of variable annuity owners cannot remember why they bought them, a new survey finds. But at least one analyst says that is merely a sign that VAs are very versatile, with a number of different uses, and that advisors are trusted and doing a good job.

Allianz will make its annuities available on the Envestnet Insurance Exchange, the second insurer to list its products there. Advisors at banks, broker-dealers, independent insurance agencies and registered investment advisors will be able to research Allianz annuities using the exchange, which is connected to Envestnet’s wealth management platform.

The Wall Street Journal is reporting that government regulators have subpoenaed Tesla as they dig into CEO Elon Musk’s recent disclosure about a potential buyout of the electric car maker. The Securities and Exchange Commission subpoena reportedly demands information from each of Tesla’s nine directors. Both Tesla and the SEC declined to comment Wednesday. The SEC’s move heightens the intrigue surrounding Musk’s decision last week to tweet that he had secured funding for a massive buyout.

Over the past five years, the Russell 1000 Growth has returned an annualized six percent in excess of the Russell 1000 Value, and that outcome has Wall Street talking growth stocks in 2018.

We all will be sick or hurt and taken away from business or daily undertakings at some point. We know there’s a risk of permanent disability or inability to act in our own behalf. That’s why we discuss financial reserves, disability insurance, and provisions for long term care as part of financial planning basics.

Outside of a true financial emergency, there’s no need to take 401(k) money out early – but that’s a message not getting through to retirement savers. So, how can advisors step in and save 401(k) cash out takers from themselves?

Financial institutions don’t seem to be taking the threat of cyber-theft as seriously as security experts advise.

Health care costs often wind up undermining the best retirement planning.

just as great quarterbacks like Tom Brady have a coach to rely on and help manage their game plan, great investors do, too

Days before the SEC comment page closed, Industry heavyweights Michael Kitces and Ken Fisher shared their thoughts on the threefold rule proposal containing a fiduciary standard, Regulation Best Interest and Form CRS.

Women have much better investing skills, a new MassMutual survey finds.

Age has little to do with how retail advisors communicate with wholesalers, new research finds. Advisors gravitate either toward technology or traditional face-to-face contact based on the distribution channel in which they sell.

Tesla CEO Elon Musk says he is considering taking the electric car maker private. Tesla’s stock jumped after Musk made the abrupt announcement in a terse tweet. He said is considering taking the company private at $420 a share and already has secured funding.

Sustany Capital, a venture capital firm exclusively investing in blockchain technologies, today shared the results of a new study that reveals that Millennials are confident in investing in cryptocurrencies.
With media hype surrounding reported overn…

Investors tend to be drawn to hot technology and biotechnology stocks for their growth prospects- not for the cash they return to shareholders. A quick look at Apple’ s performance shows that’s not necessarily the case. Between price appreciation and payouts, Apple stock has delivered a total return of about 170% since March 2012, when it announced plans to…

What’s on your to-do list today? I’ll wager that “building workplace relationships” doesn’t appear on that list — but it’s something that all agency owners and business leaders should be focused on daily.

Bitcoin and blockchain are in the news more and more these days, and clients are likely to ask about them. Here’s a crash course on cryptocurrencies and the technology behind them.

The deadline to comment on Regulation Best Interest, Fiduciary Standard and Form CRS closes on Tuesday, August 7. So far, thousands of comments have poured in from investors, financial professionals and special interest groups.

Wall Street watchers who specialize in the technology sector say social media sites are losing trust with consumers and that’s negatively impacting stock prices.

Given the power of compound interest, the retirement savings gap will continue to widen if women aren’t conscious of and actively planning for retirement.

It’s been a good year for independent advisors. So, what worked in their favor? These five takeaways from the study reveal what went right for advisors in 2018.

The financial world has been trying to understand this tech-savvy, minimalistic generation for years and now, research is finally shedding some light on this elusive group.

The number of RIA merger-and-acquisition deals collapsed compared to the first quarter, which saw a record 49 transactions, an industry tracker reported. The reasons are numerous, but an analyst said the future prospects for M&A remain strong.

Top advisors are able to utilize technology, prefer face-to-face meetings and find ways to put the client first, a new survey found. Those advisors diverge from the rest of their peers in some areas, while in other areas both groups exhibited similarities, the survey found.