Advisor News

A report by temp and staffing agency Randstad USA shows that 70% of workers are rethinking their retirement plans as they feel their present financial situation is delaying their plans to retire earlier. "There are people that are pushing the retirement age out," Jennifer Brock, president of Cobb County- based human resource consulting company, Human Resources…

Mike Braun, Indiana Republican, told The Washington Times.“ Pushing ideology through retirement and hard-earned investment funds does not make sense to me.”. Mr. Braun is leading an effort by all 49 Republican senators and Democrat Joe Manchin III of West Virginia to scuttle new Labor Department rules that allow 401 fund managers to engage in ESG investing.

Fidelity Investments— a manager of retirement accounts and a Marketplace underwriter— reported that the average 401 account lost 21% of its value last year. Average account balances— for both 401 s and IRAs— fell to around $104,000 in 2022, according to Fidelity Investments. That low level of retirement savings, "It'll scare the daylights out of you," said Greg…

A report by temp and staffing agency Randstad USA shows that 70% of workers are rethinking their retirement plans as they feel their present financial situation is delaying their plans to retire earlier. "There are people that are pushing the retirement age out," said Jennifer Brock, president of Georgia- based human resource consulting company Human…

Adani Group is on a roadshow to reassure international investors after the short-seller Hindenburg Research launched allegations of fraud. A month after accusations of fraud, stock-market manipulation and money laundering were launched by the New York short-selling investment firm Hindenburg Research, Adani Group has not succeeded in allaying…

Feb. 27— A former administrator at a Buffalo investment advisory firm has been sentenced to three years in prison for stealing more than half a million dollars from the company and its clients, U.S. Attorney Trini E. Ross announced. Jennifer Campbell, 48, of Niagara Falls, who was convicted of wire fraud, also was ordered by U.S. District Judge Lawrence J. Vilardo to pay…

As the American populace grows older, financial planners will need to address the increasing financial impact felt by older Americans and their families.

Half of institutional investors fear rate rises will trigger a liquidity crisis, while nearly three in 10 think equity markets could fall up to 20% this year, new research shows.

Many investors were glad to see the end of 2022. But what's ahead this year? Several factors contributed to these results, including the moves by the Federal Reserve to aggressively hike interest rates to combat inflation, the RussiaUkraine war, recession fears and increased concern over COVID19 cases in China.

In recent months, whenever expectations leaned toward higher rates, stocks and bonds have fallen. Just a couple weeks ago money-market traders didn't expect the Federal Reserve to push its benchmark interest rate above 4.75%-5% this year. Now the expectation is 5%-5.25%.

Feb. 15— A former official at a beleaguered Philadelphia- based business lender admitted in court Wednesday that he and the company's other principals defrauded hundreds of investors by offering the hope of double-digit returns on loans to companies deemed too risky to borrow from traditional banks. The conspiracy charge to which Perry Abbonizio, 65, of…

Feb. 15— A former official at an embattled Philadelphia- based business lender is expected to admit in court Wednesday that he and the company's other principals defrauded hundreds of investors with promises of double-digit returns on loans to companies deemed too risky to borrow from traditional banks. The conspiracy charge to which Perry Abbonizio, 65, of…

Kirchner, 35, was arrested at his home in Westlake on Tuesday morning, according to the U.S. attorney's office for the Northern District of Texas. He later appeared before U.S. Magistrate Judge Hal R. Ray Jr. "This defendant flaunted his apparent wealth while allegedly diverting millions from company coffers into his private bank account," U.S. Attorney Leigha…

“All of these pilots are seeking to demonstrate what’ s possible across the country for state and federal policy,” said Sean Kline, associate director of the Stanford Basic Income Lab, which is tracking more than 100 pilot programs across the country. The California programs are offshoots of universal basic income, a decades-old idea that was revived in 2019 when…