Young advisers need to demonstrate 'fire in the belly'
October jobless data become the focus amid solid earnings.
Says company has started the healing process; expects full recovery may “take some time.”
Social Security Administration says benefits will rise 1.7% next year, coming to about $20 extra per month, which some argue won't cover health care inflation.
Income levels determine how much clients will pay for Medicare Parts B and D; planning is key.
Deal stirs concerns that Fidelity may cut off other custodian's access to popular software.
<i>Breakfast with Benjamin:</i>Shopping season bodes well for stocks. <i>Plus:</i> John Hancock pushes for liquid alts in retirement plans; being thankful for seasonal market timing; and learning to fly drones for fun and profit
With Republicans leading the House and Senate next year, the possibility of some reforms to the Affordable Care Act are possible. The rules around the employer mandate seem to be those most likely to find compromise within the Congress and at the White House.
The company attracted more money from investors in the first 10 months of 2014 than it has in any full calendar year in its 39-year history, drawing some funds from Pimco outflows after Bill Gross' departure.
In December of 1843, Charles Dickens released a wonderful story entitled "A Christmas Carol" in which a crotchety old tightwad discovers the pleasure of sharing his wealth and the emotional gratification that comes from helping others in need. With another holiday season rapidly approaching I was drawn again to this story, and specifically to the last line of the book as a starting point for this article: "His own heart laughed, and that was quite enough for him."
Friday's <i>Breakfast with Benjamin:</i> Money flowing to technology but record highs mask weakness. Plus: Eaton Vance's big news; BofA's big loss; Home Depot's big data breach; and dreaming big, big, big.
Nuveen's Bob Doll says while the big GOP victory on Tuesday is not a game changer, energy, medical device, defense company stocks could win.
Stealth tax subject to complicated three-part test.
Facing outflows amid increasing trend toward passive management, firm says some fixed income managers can meaningfully add to returns
Today's <i>Breakfast with Benjamin</i> on hedge funds owning $16 billion in Puerto Rican muni bond debt, the scary similarities between advisers and psychics, why deep-water drilling looks like a bargain, and more.
RCAP sales slow down in wake of ARCP accounting error, although the firm is optimistic activity will return as B-Ds resume selling its nontraded real estate investment trusts.
Loaded up with goodies, gimmicks and hope
Rudy Adolf's firm has completed 23 RIA and broker lift-out transactions this year.
Cambridge joins list of independent broker-dealers suspending sales of Cole REITs; firm says it is waiting for 'more clarity' before deciding next step.
<I>Breakfast with Benjamin:</i> Quicker rate hike ahead? Plus: Top Republicans set agenda; greed, fear and fund flows; family offices riding growth of ultrawealthy; Schwab says its robo is no threat; and eating well after work.
