Money

Wall Street’s Regulatory Reins Start Loosening as Fed Proposes New Rule

Proponents and critics disagree over how much the Fed needs to protect against bank failures.

The Number of ‘Everyday Millionaires’ is Soaring

More Americans are now millionaires thanks to strong real estate markets, rising stock values, and 401(k) investments.

Zero Interest Rates Are Back in Europe

European central bankers have repeatedly cut interest rates as price growth has slowed and economies have weakened.

As Energy Costs Surge, Eastern Governors Blame a Grid Manager

Electricity rates have risen 23% to 40% over 5 years, in 5 states, and officials say grid managers like PJM serve the interests of power companies.

Ballooning National Debt May Kill Private Investment: Apollo

“This is not healthy,” says Apollo's chief economist. “Half of credit issued in the economy should not be going to the government.”

$35B RIA Aims to Help Advisors Grow Business, Save Time

Shifting to a no-transaction fee structure and offering a more streamlined portfolio management are all part of its new strategy.

U.S. Is Trimming Back Its Collection of Consumer Price Data

The cuts are the latest blow to a statistical system that was already struggling to maintain the quality of its data.

Why Are So Many Retirees Filing for Social Security Earlier?

Your client may be anxious about Social Security's viability, but there's a key argument you can make against claiming early.

Wall Street’s Riskiest Stock Deals Are Back, With a Trump Bump

SPACs, or special purpose acquisition companies, have been embraced by the president and his allies, but they come with big risks.

Wealthy Clients Want Fixed Fees, More Service: Ernst & Young

They also are more open to relying on AI for financial planning instead of a human advisor, according to the recent report.

Latest News

N.J. Is Changing Who Has to Pay the ‘Mansion Tax’

The new state budget also increases the tax, but not as much as the governor wanted.

GoFundMe Launches Charitable Giving Funds with Vanguard, BlackRock

GoFundMe has 200 million users and could broaden the appeal of donor-advised funds for charitable giving — and centralize giving.

Warren Buffett Donates Record $6 Billion Berkshire Shares

The latest donation boosts his overall giving to charities to well over $60 billion.

BlackRock Looks to Expand Private Markets to Retirement Plans

The plans reportedly will include a 5% to 20% allocation to private assets, depending on the investor's age.

Capital Group Boosts Retirement Plan Service With Advisor-Focused Upgrades

RecordkeeperDirect additions include “fund flexibility” offering investments from other fund families.

Firms Need to Get Back to the Basics of Organic Growth, Report Urges

Some that use artificial intelligence for prospecting are reporting huge gains in lead generation.

Seniors Outnumber Children in 11 States and Almost Half of Counties

There are still more kids than older adults, but that difference is shrinking as more boomers hit 65.