The tide has finally turned for prime money market mutual funds.
Wealth managers in the Phoenix area say that the financial crisis and its calamitous impact on the stock market is forcing them to rethink their investment strategies.
Big-name mutual fund companies leery of jumping into exchange traded funds have finally received the signal that they need to make a major push into that arena.
Seeking to assess the strength of the insurance carriers they do business with, many smaller independent broker-dealers — flummoxed by the insurers' opaque balance sheets and arcane accounting practices — are relying on a time-tested tool: their own observations.
The Charles Schwab Corp., concerned about liability related to hedge funds, is telling registered investment advisers that it will no longer accept custody of alternative assets.
With the equity markets testing new bear-market lows as part of a five-month run that has seen the Standard & Poor's 500 stock index fall by 38%, it can be disorienting to discover a stock moving aggressively in the opposite direction.
Taking the grunt work and the guesswork out of retirement-account tax management could be right around the corner, assuming a new product from LifeYield LLC can live up to the hype building around it.
The Labor Department said Friday that consumer prices rose by 0.3 percent last month, the biggest monthly increase since a 0.7 percent rise in July.
Broker-dealers and registered representatives are being hit by the legal fallout of the historic market collapse.
