In a recent survey, 321 advisers were asked to identify their three biggest areas of difficulty out of 10 system areas.
The board took action to improve transparency in the municipal bond market during its three-day meeting.
the S&P 500 is down 2.95% this decade — well below the 2.04% real advance during the 1930s.
Clients would have to have a net worth of at least $1.5 million for investment advisers to charge them performance fees.
The $12.5 billion allocated to hedge funds during the quarter marked the lowest level of new capital since 2005.
Wilmington Trust reported a second-quarter loss of $19.5 million on impairment charges and a securities loss.
The funds employ long-term capital growth strategies by investing primarily in equity securities of U.S. issuers.
Housing starts rose 9.1% to 1,066,000 units in June from May, but down 26.9% from a year ago.
Sen. Carl Levin today called for legislation that would make it easier to tax U.S. citizens who transfer assets to shelters.
JPMorgan Chase & Co. reported that its second-quarter earnings were 53% below last year’s levels.
