Economy & Markets
The important economic and stock market news that advisors need to know.
Start Preparing Now for the End of Libor-Linked Loans, Securities
By Bernice NapachThat's what New York Fed President John Williams, Fannie Mae and Freddie Mac officials and Wall Street executives recommended at a recent SIFMA briefing.
July 18, 2019
We Graded the 12 'Smartest' Cities for RetirementThese cities combine affordability with educational perks that'll help keep your brain young, but some of these upsides come at a cost.
July 17, 2019
Financial Advisors Can't Wait for Nontransparent Active ETFs: SurveyEighty-five percent of the 200 advisors surveyed by Broadridge Financial Solutions say they're likely to use these ETFs.
July 16, 2019
Fidelity Expands Price War With Vanguard With New Index Fund LaunchesAll five index funds have lower fees than comparable Vanguard funds, with no minimums.
July 16, 2019
Wells Fargo, Schwab Beat Estimates: Q2 EarningsBank of America Merrill Lynch will release its Q2 figures on Wednesday, while Morgan Stanley will do so on Thursday.
July 16, 2019
Fund Manager Sentiment Perks Up in July: Merrill SurveyInvestors added risk but remained worried about an earnings recession and debt deflation.
July 16, 2019
CFP Board Extends Compliance Date for New Ethics StandardsAligning the enforcement date with that of the SEC's Regulation Best Interest is "helpful" to CFP professionals given the "significant overlap in the two sets of standards," said CFP Board Chair Susan John.
July 15, 2019
SEC, NASAA Share Guidance on Opportunity Zone FundsThe joint summary explains the compliance implications for qualified opportunity funds under federal and state securities laws.