J.P. Morgan Asset Management will replace Columbia Management Group as investment manager for New York's $1.9 billion adviser-sold college savings plan
A new survey by Cerulli Associates asked investors whether they prefer paying fees or commissions to their advisers. The result? It wasn't even close.
Through the first two weeks of the month, while the S&P 500 Index fell by 13.2%, the Dow Jones Credit Suisse Core Hedge Fund Index was down 3.7%.
Volatility is the name of the game in today's markets.
Although Napoleon Hill has been dead for more than 40 years, his popular wealth-building book has found a hip new outlet.
Money-market mutual funds took in $24.9 billion yesterday, bouncing back from their second-worst week of withdrawals, as investors unsettled by the debate over raising the U.S. debt ceiling returned to the market.
The awards, which will be presented Sept. 14, honor financial advisers who make a difference in their communities.
Taxpayers will be able to examine the qualifications of paid tax-return preparers in a database being built by the IRS that may be available as soon as 2013.
Four major life insurers with pristine Aaa ratings are likely to hold on to their status, provided that the United States' government bond rating doesn't fall by more than one rung
Donor-advised funds are benefiting from small family foundations' closing or suffering drops in endowment assets as the costs and administrative burden of running the foundations have become too great
Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, "that'll be a tenth ounce silver." As the US dollar's decline accelerates, several efforts around the country are trying to make this vision a reality.
Since the US economy has failed to recover as widely predicted, pressure on the Federal Reserve to conjure a solution has increased.
With the market selling off, Warren Buffett has been moving in. In fact, SEC filings show the Oracle has been loading up on stock, particularly shares of Wells Fargo. This may be of some interest to advisers, considering the bank's P/e ratio is now less than 9 to 1.
$250K limit can easily be bumped up to $2M; CDARS, brokered CDs gaining in popularity
Ameriprise, MetLife and Prudential among those favored in a plummeting market
Given the media frenzy over the market mayhem this week, clients are understandably blitzed, bothered and bewildered. Here's what advisers should be saying to calm them down.
