Lead Editor: Sean McMahon

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SmartBrief brings you all the latest news from every corner of the financial services sector. When you need more intel about how market trends and policymakers are going to affect you and your business, SmartBrief has you covered.

Power REIT buys 450 acres in Calif.


  • Bloomberg

Power REIT has acquired 450 acres in Kern County, Calif., that will support a 60-megawatt photovoltaic plant. As part of the transaction, it has established a $26 million credit line which it may use … Read More

Major banks face challenges amid rule changes


  • New York Times (tiered subscription model), The

On Thursday, Morgan Stanley reported $1.39 billion of first-quarter adjusted income, while Goldman Sachs Group reported net income of $2.03 billion. The results were an increase for Morgan Stanley and… Read More

FPA study: 53% of advisers feel time is out of their control


  • Financial Advisor online
  • National Underwriter Life & Health
  • ThinkAdvisor

Among advisers, 53% say they are not in control of their time and 49% say they are not in control of their business, finds a study from the Financial Planning Association's Research and Practice Insti… Read More

Survey finds 61% of U.S. adults do not have a budget


  • Washington Post (tiered subscription model), The

Sixty-one percent of adults in the U.S. say they do not have a budget, according to a survey on financial literacy by the National Foundation for Credit Counseling. That's the highest percentage in si… Read More