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RETIREMENT PLANNING JUL 24, 2015
Facebook posts can actually help couples stay together longer

First comes Facebook, then comes deep, long-lasting romance, but please — don't go overboard with the lovey-dovey photos.

By Bloomberg
INDUSTRY NEWS JUL 24, 2015
Would you rather buy a Ferrari Testarossa or invest in the brand's IPO?

Vintage Ferraris have surged nearly seven-fold in value since 2006, and even newer supercars, like the 1980s-era Testarossa, have nearly doubled over the past 12 months alone.

By Bloomberg
INDUSTRY NEWS JUL 24, 2015
A tech startup is cataloguing every piece of art on the market

And once it's catalogued, Verisart aims to help people buy and sell art digitally.

By Bloomberg
The final hurdle in the challenge of going paperless
FINTECH JUL 24, 2015
The final hurdle in the challenge of going paperless

Testing out a couple 'yellow pad' apps leads to the discovery that it's not so hard after all.

By Sheryl Rowling
When deciding whether to be bullish or bearish, follow Twitter's lead
INDUSTRY NEWS JUL 24, 2015
When deciding whether to be bullish or bearish, follow Twitter's lead

New study shows that this social network gets a read on market sentiment first, and often gets it right.

By Bloomberg
Obamacare stands, solidifying health care planning
RETIREMENT PLANNING JUL 24, 2015
Obamacare stands, solidifying health care planning

Supreme Court rules that U.S. tax subsidies are legal for all health insurance exchanges, allowing for more long-term financial planning.

By Liz Skinner
OPINION JUL 24, 2015
Do your homework on securities-backed loans

Clients taking out securities-backed loans might see only the advantages and not the risks.

By MFXFeeder
PRACTICE MANAGEMENT JUL 23, 2015
SEC charges fund manager First Eagle for improper distribution payments

The firm and its fund distributor will pay $40 million to settle claims in what the SEC says is 'first' in an ongoing series of investigations.

By Trevor Hunnicutt
INDUSTRY NEWS JUL 23, 2015
Scott Walker balanced Wisconsin's budget. His own is another story

Advisers say the Wisconsin governor and presidential candidate should renegotiate — and reduce — his debt.

By Mark Schoeff Jr.
Citi Private Bank courting wealthy young heirs by teaching them to buy art
PRACTICE MANAGEMENT JUL 23, 2015
Citi Private Bank courting wealthy young heirs by teaching them to buy art

In the past, wealth managers haven't been so successful at keeping younger clients — on average, firms have seen almost half of the assets leave when a family's wealth is being handed to the next generation.

By Bloomberg
INDUSTRY NEWS JUL 23, 2015
Why this bottle of rum costs $1,500 — and how it tastes

Suffice to say, Brugal's Papá Andrés isn't for making Mai Tais.

By Bloomberg
INDUSTRY NEWS JUL 23, 2015
More sellers listing tony Long Island properties causes Hamptons home prices to fall

In the three months through June, Hamptons homes sold for a median of $849,000, down 6.5% from second-quarter 2014, while completed deals in the favored summer retreat of Wall Street financiers tumbled 16% to 590.

By Bloomberg
Morgan Stanley head count dips to record low
PRACTICE MANAGEMENT JUL 23, 2015
Morgan Stanley head count dips to record low

Largest firm by number of advisers cedes ground with 3% one-year drop; executives point to shedding of lower producers.

By Mason Braswell
PRACTICE MANAGEMENT JUL 23, 2015
Where key players align in the DOL fiduciary fight

As the proposal's comment period ends Tuesday, here's a snapshot of some of the larger parties' stances.

By Ellie Zhu
Merrill sacrifices productivity for head count growth
PRACTICE MANAGEMENT JUL 23, 2015
Merrill sacrifices productivity for head count growth

Bank of America CEO Brian Moynihan warned that adviser productivity and profit margins at Merrill may continue to fall as the firm sacrifices short-term profitability for long-term growth.

By Mason Braswell
Trump stingy with employees' 401(k)s
RETIREMENT PLANNING JUL 23, 2015
Trump stingy with employees' 401(k)s

The Republican presidential candidate has built billions of dollars in personal wealth. His employees aren't getting much of it.

By Bloomberg
RETIREMENT PLANNING JUL 22, 2015
Don't let infidelity cloud your decisions in divorce

Splits resulting from infidelity outed by this week's data hack of Ashley Madison will involve emotional hurdles that affected couples need to manage.

By Liz Skinner
INDUSTRY NEWS JUL 22, 2015
Art auctions slide to $8.1B globally but soar in U.S. as Picasso, Monet dominate

Sales haven't declined in the first half of the year since 2013, when global auctions fell 1.4% to $7.2 billion — they have climbed since, with a record $2.7 billion of art sold in May in New York.

By Bloomberg
Dealing with Medicare as an expat: When and how to enroll
RETIREMENT PLANNING JUL 22, 2015
Dealing with Medicare as an expat: When and how to enroll

The right strategy will help clients avoid penalties that can last a lifetime.

By Katy Votava
New highs not uncommon: S&P 500 achieves record in 53% of years
EQUITIES JUL 22, 2015
New highs not uncommon: S&P 500 achieves record in 53% of years

The benchmark equities gauge rose 0.1% to end Monday at 2,128.28, after briefly rising above its record closing level of 2,130.82 during the session.

By Bloomberg