The number of vacant homes in the U.S. increased to a record 18.6 million in the first quarter of 2008.
If building a portfolio seems like a complicated endeavor full of unpalatable trade-offs and fuzzy concepts like diversification and dividends, as in every other way, stand ready to provide invaluable assistance.
Advisers uncertain over the future direction of sky-high commodities prices have impressive company — commodities experts themselves.
If there is a silver lining to the bursting of the real estate bubble, the weak economy and the attendant bear market, it may be that the great mass of baby boomers still 10 or more years from retirement might be scared into saving more for retirement while they still have time.
The bank posted an 85% profit increase, thanks to a surge in net interest and net fee income along with a lowered tax rate.
The best age range to educate children about and involve them in philanthropy is five to 12, said a foundation executive.
Federated Investors Inc.’s profit increased 8% in the first quarter on higher demand for its money market funds.
Advisers must distinguish between their ability to provide financial advice and the client’s need for legal counsel.
One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
Credit Suisse lost $2.1 billion for the first quarter, compared with a profit of $2.7 billion in same period in 2007.
The number of new homes sold in March fell to a seasonally adjusted rate of 526,000, down 37% from last year.
The board of directors also announced a plan to repurchase up to $1.5 billion of the company's stock over the next two years.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
Bank of America Corp. reported a 77% decline in first-quarter earnings, to $1.21 billion, or $0.23 cents a share.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
A small but growing number of advisers are turning to derivatives-based strategies to help manage increased levels of market risk.
Attention, registered investment advisers who keep assets at Bear Stearns: The big custodians are out to bag you.
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
The bank reported a 72% increase, led by gains from lending to investors and last year’s $18.3 billion merger with Mellon Financial.
