Lisa Shidler
Financial advisers across the country are creating networking organizations dubbed philanthropic advisers networks, or PANs, with the mission of helping advisers collaborate locally and also interact with philanthropists.
The Spectrem Millionaire Investor Index rose 17 points to -2 in May, recording its largest advance in the history of the index.
For many big firms, the key to increasing discretionary assets has been mergers and acquisitions.
While still worried about the economy, affluent individuals are becoming less anxious, according to a study by New York-based research firm Ipsos Mendelsohn.
With many managers failing to generate strong returns, trading costs are harder for investors to stomach.
Despite the tremendous market losses in the past year, top Morningstar analysts said advisers need to urge their clients not to try and compensate by using riskier strategies such as timing the market.
Top fund managers admitted they’ve made several mistakes in managing funds during this economic downturn.
A lousy economy may be the best time for consumers to haggle for everything from clothing to hotel stays, according to a new survey.
Like everything from houses to Hummers, advisory practices are now on sale, say industry leaders, who note a change in deal structures that give buyers an edge.
Arlene Moore has coped with the market's ups and downs more than 20 years as an adviser, but the most recent downturn has been different.
