Units of Bank of America and Morgan Stanley agreed to settle charges that they illegally foreclosed on U.S. service members. The Justice Department claimed that, in some cases, severely injured soldiers have had their houses seized.
Ultimately, the government's attempt to balance the budget will slam the under-55 set, says one tax expert. Uncle Sam's plan, says Andrew Friedman, will include an end to FICA caps -- and the debut of means testing when the group becomes eligible for Social Security.
Foreign direct investment in the U.S. increased by 49% in 2010, rebounding from 2009 levels during the height of the credit crunch.
Alan Greenspan, former Federal Reserve chairman, said a default by Greece is “almost certain” and could help drive the U.S. economy into recession.
Sputtering economy to get back on track in the third quarter; slide in fuel costs big boost
Officially, the inflation rate may be negligible, but senior citizens have seen their purchasing power erode by 32% since 2000, according to The Senior Citizens League, a nonpartisan group that lobbies for seniors' rights to benefits
Newbridge Securities to pay $850,000 as part of class action settlement
Worries about Greece and China abating, as large caps see big advance
A majority of surveyed global wealth-management execs said their clients aren't satisfied these days. Indeed, one industry adviser says many clients 'expect a lot more and tolerate a lot less.'
Investors prefer to get their retirement income plans in writing, but advisers tend to back away from giving clients a detailed blueprint, a Fidelity Investments survey has found.
Blame 'pace of society' for inability to reach retirement goals; meanwhile, holiday spending on the rise
After five years, financial advisory firms move from the startup stage to adolescence, where they are faced with decisions that could affect their business for the next 20 years.
The road to success for advisers may be paved with small gifts and “thank you” notes.
David Blain's practice was five years old when he realized it was time to turn it from a one-man band into a quartet.
Sheila Chesney can tie her practice's evolution directly to technological advancements that brought her from using her phone and e-mail as primary forms of communication to video calling.
When David Marotta started his advisory practice in 2000, he was tempted to get involved with the design of its website and the deployment of software and computer resources for the office.
In many ways, expanding an advisory business is like dating. Similar to the way people turn to friends to set them up, some financial advisers, such as Eliot Weissberg, have relied on local professionals to help recruit clients.
Financial advisers, whether solo practitioners or members of a multiperson firm, need to think regularly about whether their technology is keeping pace with their business needs.
