"It's going to be a tough year for advisers. They will experience real pressure in profitability and in attracting clients, but I think we will see that the strong firms will emerge even stronger, while some of the weaker firms will merge."
The country is about to enter "an era of sustainability" that will affect both the economy and the financial markets.
Mutual fund liquidations could reach record levels in 2009 as assets decline and fund management companies trim overhead.
As the art world's next major round of auctions begins this month, buyers and sellers will encounter a market as depressed as that for stocks and real estate.
Employees who were recently laid off won't find a lot of advice from mutual fund companies about what they should do with their cash.
For many advisory practices, the technology focus will be making do with smaller budgets — and doing more with existing technology.
Even in the best economic environment, you are not likely to see the <b>Aim Charter Fund </b>(CHTRX) hitting the top of most performance charts.
First time jobless claims fell by 94,000 for the week ended Dec. 27, the Department of Labor reported today.
The volume of residential mortgage applications was essentially unchanged for the week ended Dec. 26, even as the interest rates charged on mortgages continued to decline, according to data from the Mortgage Bankers Association of Washington.
