Economy & Markets
The important economic and stock market news that advisors need to know.
Cathie Wood's Ark Leaving New York for Florida
By Janet LevauxThe firm will open its new headquarters on Nov. 1 in St. Petersburg, which is home to Raymond James and Dynasty Financial.
October 05, 2021
Top 5 Financial Planning Trends for the Next 5 YearsThe Financial Planning Standards Board surveyed CFPs on what they think financial advice delivery will look like.
October 05, 2021
Plan Sponsors With De-risking Goals Want to Dump All Their Pension Liabilities: MetLifeA poll finds 93% of such respondents plan to completely divest those liabilities, up from 76% in 2019.
October 05, 2021
New IRS Guidance Offers Tax Windfall to Employers With Part-Time WorkersThe employee retention tax credit can provide a powerful tax break for small-business clients that rely heavily on part-time workers.
October 05, 2021
Merrill to Pay $1.5M FINRA Fine Over Muni ShortsThe firm failed to notify investors in munis that they were receiving "substitute" interest payments that weren't tax-exempt, FINRA says.
October 05, 2021
10 Fastest-Rising Costs for Older Americans Since 2000Social Security benefits may be adjusted for inflation, but the costs of many goods and services rise faster.
October 04, 2021
Most Active Funds Trailed Benchmarks in Q3: BofAThe share of active funds outperforming year-to-date is less than half, but still higher than from 2018-2020, the bank reports.
October 01, 2021
4 in 5 Millennial Workers Expect Major Life Changes in Next Year: MetLifeThe plans most frequently delayed by the pandemic include getting medical treatment, selling a home, moving to another part of the country and getting a divorce.