Personal spending increased 0.8% in June, marking the steepest one-month gain since a 1% increase in February 1981.
Demand for "green" investing is growing, studies show, but opinions vary widely on what makes an investment green.
With operational costs growing and financial advisers in short supply, the demand for talent has put the value of young financial planners at a premium, according to industry guru Mark Tibergien.
Many advisers who have been involved in arbitration cases are welcoming a move to give investors the option of having all-public arbitration panels.
For the first time in almost a decade, American Funds plans to launch a new equity fund.
HSBC's net income for the first six months was down 29% at $7.7 billion, compared with $10.9 billion a year ago.
As fallout from the mortgage crisis leads to tighter restrictions on lending, some financial advisers are finding opportunities to fill a void for their clients by entering the lending business.
The Vanguard Group Inc.'s handling of its lackluster U.S. Growth Fund threatens to tarnish the company's reputation for putting investors first.
Adviser confidence in the economy and stock market dropped even further last month, according to Rydex AdvisorBenchmarking Inc.'s Advisor Confidence Index.
Some financial advisers are finding that outsourcing most of their day-to-day tasks, including many administrative duties, saves time and is cost-effective.
