The dollar rose to 1.5341 per euro, the largest gain since March 12, and advanced to 100.04 yen per dollar in trading in Japan.
In the weeks following a ground-breaking Supreme Court case allowing individual 401(k) participants to sue employers, lawyers have been recommending that advisers require plan sponsors to purchase fiduciary insurance.
Advisers are generally satisfied with the dozen-plus retirement-planning software applications and calculators available to them.
Hedge funds — facing forced margin calls and investment redemptions — are selling off wide swaths of their private-equity-type investments in search of cold hard cash.
Index managers are holding steady despite the market downturn, according to a biannual survey of managers of indexed assets by InvestmentNews' sister publication Pensions & Investments.
The acronym RIA refers, of course, to registered investment advisers.
With investor confidence in the global financial markets at a severe low point, driven even lower last week by the crumbling of Wall Street giant The Bear Stearns Cos. Inc., planners are facing the challenge of how to maintain clients' confidence in the midst of the credit turmoil.
For nearly a decade, Jon E. Drucker has been a thorn in the side of Ameriprise Financial Inc.
With stock market volatility on the rise, the time is right for financial advisers to consider convertibles for a place in client portfolios.
One William Street Capital was founded by David Scherr, who worked for Lehman for 21 years.
