Consumers and investors were spared from a 12th rate hike when Federal Reserve officials voted in November to keep their benchmark borrowing rate steady. Don't take the pause as an indication that officials are ready to sound the all-clear on their firefight against inflation. Fed Chair Jerome Powell's main message after the Federal Open Market…
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—Three men have filed a lawsuit against the Church of Jesus Christ of Latter-day Saints– also known as the LDS or Mormon church– and its investment arm, Ensign Peak Advisors, Inc. The men, at least one of whom remains an active member of the church, according to the lawsuit, allege that the church had fraudulently induced them into making donations.
Women gaining ground with their finances, study shows
Women are making financial gains on many fronts and modeling healthy money behaviors, according to a survey from Fidelity Investments.
Branding: Not what you think it is
Branding is a feeling and not a logo, advisors were told at a recent conference.
Study: asset management industry hurt by poor digital experience
A third of financial advisors surveyed are dissatisfied with the digital experience offered by the asset management industry.
Only 19% of women workers are “very” confident that they will be able to fully retire with a comfortable lifestyle, according to 23 Facts About Women’s Retirement Outlook, a survey report released today by nonprofit Transamerica Center for Retirement Studies in collaboration with Transamerica Institute.
As the Federal Reserve continues to hold on raising rates, you can still get the highest yielding five-year CD yields in more than a decade right now. The Fed's rate decisions indirectly affect CD yields. The recent slow down in rate increases is the main reason why CD APYs between the two- and five-year terms are peaking around now, says Greg McBride, CFA, Bankrate…
The New Jersey Attorney General's Office on Monday announced a state grand jury indicted George Bussanich Sr., 65, of Park Ridge, and George Bussanich Jr., 43, of Upper Saddle River. State prosecutors say both men used a "fix and flip" scheme of homes in Ship Bottom, Manahawkin and Surf City. An investigation was done by the Securities Fraud and Financial Crimes…
SMAs top growth among investment products, survey finds
In the past two years, SMAs have experienced more growth than other investment product types, while mutual funds are stagnant, a recent study found.