NFL Prospect Rashan Gary Is A Pioneer With His Own Sports Agency

The financial and insurance firm is the latest employer to beef up its family-friendly benefits offerings.

Stocks have staged a remarkable turnaround in the early days of 2019, rebounding after an end-of-the-year tailspin that was fomented by fears of recession in the United States. American companies and consumers are less optimistic about the future, and large economies like Germany and China are signaling a global slowdown driven by the trade war.

Choppy markets and heightened compensation costs hindered Morgan Stanley Wealth Management’s revenue in the fourth quarter. Morgan Stanley Wealth Management reported revenue of $4.14 billion in the fourth quarter, down 6 percent sequentially and 6 percent from a year ago. The pretax margin for all of 2018 was 26.2 percent, up from 25.5 percent in 2017 and…

Brian Kemp’s first State of the State address Thursday outlined his plan to boost teacher pay by $3,000 this year and push for a Medicaid waiver that could give the state more flexibility to use federal healthcare dollars. State Democrats welcomed his bipartisan tone but were critical of a waiver program they derided as a half-measure. I would like to thank…

Get the DealBook newsletter to make sense of major business and policy headlines– and the power-brokers who shape them. __________. In the bond market, traders of government debt are still signaling concerns about the direction of the United States economy. When investors are expecting economic growth, interest rates on long-term bonds like the 10- year…

Countries surpassing USA as easy-to-work-with include Hong Kong-China, New Zealand, Singapore, South Korea, Denmark, Norway and Georgia. Third, with America shirking its historic global trade partnerships, research is replete that Russia, China and India are now seizing the opportunity to fill the vacuum and are extending their spheres of influence with…

Alexandria Ocasio-Cortez— progressive Democrat and advocate of a 70 percent marginal tax rate— was appointed Tuesday to the House Financial Services Committee, charged with overseeing the entire financial services industry, including wealth management firms, and overseen by Rep. Even 45 percent of GOP voters say they favored the idea.

Contractors for the Federal Emergency Management Agency have been ordered to stop working. The Food and Drug Administration isn’ t taking applications for new drug approvals. Skeletal staffing at the Securities and Exchange Commission is starting to impede its reviews of takeover deals and corporate stock offerings.

Despite market headwinds, Merrill Lynch is succeeding in incentivizing its financial advisors to find new clients, and the thundering herd delivered last year, helping Bank of America’s wealth manager achieve record revenue in 2018.. Despite a slowing U.S. economy and increased volatility, GWIM had “one of the best quarters of client flows in the company’s…

Jay Inslee of Washington proposed that his state offer a public plan, with rates tied to those of Medicare, to compete with private offerings. For over a decade, we’ ve been waiting for Washington to solve our health care woes, with endless political wrangling and mixed results. Around 70 percent of Americans have said that health care is“ in a state of crisis” or has“…

Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401K Investment Guide 2019 is one way the average American can help protect their investments in the event of a crisis. Jim Rickards is the nation’s most vocal and intelligent proponent of the Gold Standard.

Novarica survey of more than 100 carriers identifies six digital techs on the rise in pilot and deployment activity.

On most afternoons, people arrive from across New York City with backpacks and plastic bags filled with boxes of small plastic strips, forming a line on the sidewalk outside a Harlem storefront. But at this store on W. 116th Street, each strip is also a lucrative commodity, part of an informal economy in unused strips nationwide. Often the sellers are insured and…

A Syracuse, N.Y.- based advisory team managing more than $500 million in client assets have left Cadaret, Grant& Co. to join Commonwealth Financial Network. Michael Roberts Associates, which includes advisors Neil Hoyt, Rachel Roney, Jeffrey Klein, Sonnet Loftus and Paul Ahrens, serves some 1,500 clients around the country. In the FINRA matter, the firm agreed to pay…

JPMorgan earnings missed fourth-quarter views, sending the Dow Jones stock lower. Wells Fargo earnings are due early Tuesday.

A Democratic legislator in Virginia introduced two bills in the state’ s House of Delegates that would establish a state-based retirement plan. One bill would establish a program similar to that in Oregon, which requires all private-sector employers to offer the state-based plan if they don’ t already have one in place. “I would say if anything gets through the…

–Jeffrey Gundlach said yet again that the U.S. economy is gorging on debt. He highlighted the dangers especially posed by the U.S. corporate bond market. Prolific sales of junk bonds and significant growth in investment grade corporate debt, coupled with the Federal Reserve weaning the market off quantitative easing, have resulted in what the DoubleLine…

The life insurance giant’s new offerings include caregiving, fertility and gender affirmation benefits.

The high-stakes skirmish between the Federal Reserve and Wall Street over the path of interest rates is over. But something quite unexpected had transpired: The Fed, facing strong criticism from Wall Street and the White House for its campaign to raise interest rates to more normal levels, concluded it was best to take a breather. Wall Street, by contrast, was sure…

Patience is the Fed’ s new watchword, and Mr. Powell used it at least four times in his remarks. “We have the ability to be patient and watch patiently and carefully as we watch the economy evolve,” Mr. Powell said Thursday in remarks before the Economic Club of Washington, D.C.. Mr. Powell was interviewed by David M. Rubenstein, the co-founder of the Carlyle Group, a private…

Private Advisor Group is “cautiously optimistic” it could recruit a dozen teams with about $500 million in AUM each this year, an executive says.

Has Molina Healthcare’s new leadership team been so successful in their company turnaround that they’ve run out of places to grow? Not even close, CEO Joseph Zubretsky says.

Talent appears to be pouring from the wirehouse as more planners exit.

Big pharma disruption and healthcare challenges and legislation are just a few of the big trends that will shape the benefits industry in 2019.

Investing in the stock market may seem like a daunting challenge, but this Investing In Stocks 101 guide can help you get started.

Triad, an independent broker/dealer owned by Ladenburg Thalmann, has recruited Retirement Benefits Group, a retirement plan-focused advisory firm with over $10 billion in assets under administration. The firm is leaving Independent Financial Group, currently an LPL Financial office of supervisory jurisdiction, gearing up to launch its own…

Our healthcare system is archaic and inefficient when compared to the rest of the developed world. “The Affordable Care Act extremely incentivizes small businesses to use the government marketplace, which is designed for them,” said Elizabeth Wood, assistant professor of nursing at WSU. Professor Wood has thoroughly researched the topic, and understands that…

Does friction really exist between President Trump and Fed Chairman Powell? Responsibilities. President Trump and Chairman Powell, along with Congress, have specific responsibilities and leadership roles when it comes to fiscal, monetary, trade and regulatory policy. President Trump wants as much flexibility as possible to negotiate ongoing global…

SAN FRANCISCO— Vini Letteri, a managing director at KKR who invests in tech companies, had a slow 2018.. Mr. Letteri, a venture capitalist who manages a $714 million fund, tried to put some of that money into 12 tech start-ups last year— but failed when they demanded too rich a price. So here’ s what Mr. Letteri is not-so-secretly hoping for in 2019: a downturn in the private…

Over the years, there have been innumerable pieces written on the failings of universal life insurance. However, if consumers paid attention when these products were explained to them, they’ d be no more surprised by this than discovering their retirement plans weren’ t going to pan out when they experienced only half the expected market return.

Blue Cross Blue Shield is warning against using HRAs for short-term plans, newly elected Maine Gov. Janet Mills didn’t waste any time on her first day and more payer headlines from around the web.

The mainstream media is packed with criticism of Jerome Powell’ s press conference. The market didn’ t like what it heard and immediately tanked. People called him tone deaf for not listening to the market.

John Conyers Jr. of Michigan, has become the vehicle for Democrats who want to bring single-payer, Canada-style health care to the United States. That legislation was typically sidelined, even when Democrats had power; in 2009 and 2010, when the House passed the Affordable Care Act, the “Medicare-for-All” package was not part of the discussion.

Financial advisors working with federal employees tend to have a pretty straightforward task: helping to manage what is usually, generally, a reliable, livable income. Compared to clients who might receive large bonuses or who change jobs frequently, federal workers tend to be more predictable. Because of the timing of the most recent partial government…

Jackson, Miss.- based LPL Financial broker Chris Noone is the latest to file a lawsuit against Ohio National Life Insurance Company and its affiliates for cutting trail commissions on annuity contracts with guaranteed minimum income benefit riders. The move is the latest in a string of similar legal actions against the insurer: last month, UBS sued over the lost…

Investigators say the onetime FiNet branch manager preyed on “particularly vulnerable” clients, including several with dementia.

On net, that means it’ s nearly impossible for a typical family to make up for higher prices via the performance of its stock portfolio; when prices rise, low- and middle-class families pay more but wealthy families profit.— WASHINGTON POST. Show about Wall Street may be especially timely. When David Caspe and Jordan Cahan began developing a fictional show about the…

Our central bank has done a remarkable job over the years creating an aura that those who attack it are either ignoramuses or cranks outside the boundaries of respectable and responsible opinion.

Some 83,000 lawsuits have been filed under the Employee Retirement Income Security Act in federal district court since 2009, according to Lex Machina, a LexisNexis company; fewer than 2% of cases proceed to trial. Collected below is a run-down of some of the more important trial decisions from 2018. The text of a new ruling on GE defendants’ summary dismissal…

Analysts noted that the handouts to workers amounted to a relatively small share of the roughly $200 billion in federal income taxes that corporations avoided thanks to the cuts. Wages across the economy ticked up, but not by nearly as much as some Republicans had promised when they voted for the law. They neared $200 billion in the third quarter for S&P 500…

Treasury Market Outlook: Treasury yields are modestly higher as some of the flight to safety unwinds a bit, with equity futures firming slightly. The 2- year Treasury rate is up 1.2 bps to 2.562%, with the 10- year note up 0.9 bps to 2.749%. The JGB closed with a 0.7 bp gain to 0.013% as the Nikkei rallied 0.89%.

Spending the money on a house was tied with paying off student loans and other debts as their second mostly likely use of the money, according to a new survey by real estate investor Clarion Partners. The company owns thousands of apartments across the U.S.. The new data on millennial attitudes is part of a broader study in U.S. rental property demand.

Financial planners don’t have to be attorneys to help clients avoid high cost oversights

MassMutual announced in February that it will close the Enfield office between now and the year 2021 and consolidate its local operations at its headquarters on State Street in Springfield, Massachusetts. The consolidation is part of a $300 million expansion deal MassMutual and the state of Massachusetts announced 10 months ago. The deal promises to bring…

U.S. GDP growth was nudged down to 3.4% in the third look on the economy, versus the 3.5% clip the Advance and second looks. Inventories added $126.6 bln from $123.4 bln. Net exports subtracted- $108.7 bln versus- $104.8 bln.

The smartest people at the Federal Reserve say the economy is strong: job growth remains healthy, consumers are spending freely, inflation is tame at about 2 percent. Chairman Jerome Powell’ s plan: After raising short-term rates Wednesday, he said the central bank would keep a vigilant eye on what happens in the new year, with the dual aim of preventing the economy…

One of the major provisions of proposed legislation would require 401(k) plans to offer annuities so participants could create new income streams.

Secretary of the Commonwealth of Massachusetts William Galvin announced two separate actions Wednesday against Metlife, which failed to make pension payments to retirees the firm presumed dead, and Francis Weller Jr., a Cape Cod investment advisor who ran a scheme with Stifel, Nicolaus& Company and one of the firm’ s brokers. Galvin ordered Metlife to pay a fine…

White House Press Secretary Sarah Huckabee Sanders seemed to endorse a potential spending deal that would include all of the remaining appropriations, including a Senate Homeland Homeland Security bill with $1.6 billion in wall-related funding. Trump said last week he would be “proud” to have a shutdown to get Congress to approve a US $5 billion down payment…

Private equity firm Stone Point Capital is reportedly looking to offload Kestra Financial, the Austin- based independent broker/dealer it purchased less than three years ago. “Contrary to speculation a number of years ago, the independent broker/dealers are not going to be extinct,” said Matt Lynch, managing partner of Strategy& Resources, a consulting firm.“…

President Donald Trump on Monday urged the Federal Reserve not to raise interest rates, but Fed officials are widely expected to do so this week despite the president’s ongoing public effort to dissuade the USA central bank from putting any brakes on the economy. Charles Schwab Chief Investment Strategist Liz Ann Sonders on the outlook for Federal Reserve…

A shutdown happens when Congress and the White House can’t agree on a deal to fund the federal government. Most employees at the US space agency NASA would likely be furloughed and might not get paid for that time, although Congress usually grants pay retroactively after a shutdown is over. Congress already approved funding this year for about 75 percent of the…

—World markets were mostly lower on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve. WASHINGTON— The Federal Open Market Committee begins a two-day meeting on Tuesday. WASHINGTON— President Donald Trump has authorized the Agriculture Department to launch the second and final round of $11 billion in trade…

Massachusetts Attorney General Maura Healey and her counterparts in 17 other states filed a motion Monday challenging a Texas federal judge’ s ruling last week that struck down the Affordable Care Act. Judge Reed O’ Connor of the US District Court in Fort Worth struck down the law on Friday, ruling that its mandate requiring people to buy health insurance is…

A multibillion-dollar pension shortfall is ready to shake up enough lives to pack a string of stadiums hosting the Super Bowl.

President Trump already told us whom to blame for a shutdown. He’d be “proud” to shut down the government, he declared in the Oval Office to reporters and to the country at large. For each of the recent shutdowns— Republicans’ 2013 effort to repeal Obamacare and the Democratic effort in January 2018 on behalf of “dreamers”— the party trying to leverage the shutdown lost,…

It’ s time for economists to make their predictions for the year ahead. Among the main questions: What are the biggest threats to the U.S. economy, and will the country fall into a recession? Trade tensions are the top concern. About 47.3 percent of the economists surveyed by the WSJ said the continuing conflict between the U.S. and China was the biggest economic risk…