Bill Gross recently ratcheted down his outlook for the U.S. economy. He's not alone. A new survey shows advisers are growing increasingly pessimistic about the state of the recovery -- and the prospects for a stock market rally.
Allianz Global Investors on Tuesday announced restructuring effective Jan. 1 that will give PIMCO greater distribution independence and will more closely align the elements of Allianz's other business.
Warren E. Buffett's $5 billion vote of confidence in Bank of America Corp. last Thursday notwithstanding, Merrill Lynch advisers have been forced to reassure clients over the past few weeks that their parent company is not headed for insolvency.
Wealth managers say it's time all advisers look after the best interests of clients when offering financial guidance. In fact, scores of wealth managers have banded together in a non-profit that backs a higher standard of conduct. .
With key 10-year Treasury yields touching an all-time low, insurers may have to rein in annuity benefits even further. That's bad news for the carriers -- not to mention brokers and clients.
Term premium at an all-time high, but investor confidence in economy at rock bottom; 'fear priced into yields'
Speculative demand from investors has pushed the gold market into a “bubble that is poised to burst.” Wells Fargo & Co. rings the "warning bell."
Nothing in the Congressional compromise reached over the weekend makes a significant dent in our $1.5 trillion deficit, writes the Pimco bond guru.
For some children of the extremely affluent, vacation will mean taking part in special programs designed to help them deal with issues surrounding wealth
Generation X investors who handle their own portfolios trounced advisers last year. This does not necessarily bode well for the future of the business.
U.S. stocks are likely to extend declines because hedge funds have leeway to boost bets against the world's largest equity market, according to Bank of America Corp.'s Mary Ann Bartels.
For adviser Brian Fenn, the horrific events of 9/11 provided affirmation that he was on the right track with his planning practice
Despite the passage of 10 years and a move to another part of New York, the Sept. 11, 2001, terrorist attacks are never far from financial adviser Lewis J. Altfest's mind
Mike McGervey recalls the utter surprise of it all
Bill McMahon was on the 69th floor of 2 World Trade Center — the South Tower — when the first plane hit the North Tower at 8:46 a.m. on Sept. 11, 2001
“I think for me, it was kind of a wake-up call,” Jay Healy, president of Century Wealth Management LLC, said of the events of 9/11
When Roger Monteforte saw the flaming wreckage of the first plane in the side of the World Trade Center's North Tower 10 years ago, he knew instantly that initial news reports of a small plane hitting the tower were wrong
Ten years hasn't diminished the vivid memories of 9/11 for Paul Schatz, president of Heritage Capital LLC, a $110 million advisory firm based in Woodbridge, Conn.
A team of veterans from well-known Lockwood Advisors Inc. is creating a registered investment advisory firm that will create customized investment strategies and services for independent financial advisers, broker-dealers and institutions
