With their day-to-day business practices likely to change as a result of the new financial-reform law, broker-dealers are scrambling to assess their technology preparedness.
Ray Walker was happily employed as a financial adviser at Merrill Lynch & Co. in San Francisco until a gulp of wine coerced him into leaving for France to buy $140,000 worth of grapes with a dream to rival powerhouse Burgundy domaines such as Romanee-Conti and Corton-Andre.
Advisers should also monitor clients' savings for changes in wealth and investment performance
Whether or not he knows it, by setting his objective, doing his due diligence, following a process, and focusing on his goal, LeBron exhibited the skills of a good fiduciary.
Forget about pulling out that straight-backed chair when a client walks into the office; these days, some financial advisers are directing clients to the couch
The removal of uncertainty regarding Congress's financial reform bill may reinforce the employment rebound as some bankers are being offered guaranteed bonuses.
Whether they earn the league minimum or a superstar's salary, football players have to know the basics of handling money to succeed financially.
Overturning state law, New York's highest court this month ruled that estates and beneficiaries can sue estate-planning attorneys for malpractice.
Who do financial advisers think are the most influential and respected portfolio managers and fund companies? Find out in this exclusive <i>InvestmentNews</i> special report
THE SUN IS SETTING on the golden age of retirement. In Europe, where generous retirement benefits have been a bulwark of the postwar social compact, the realities of increased longevity and a bigger population
Rational markets? Hardly. In reality, humans tend to have a narrow focus -- often missing the obvious
As soon as he heard that 13-year-old Margaret Hurt was in danger of losing the horse she had been riding since becoming sick with leukemia two years ago, Preston Byers agreed to donate $6,000 to help her buy Hoochie.
Many years ago, I developed an approach to consulting — one that we have used in my firm for the past dozen years. It is called naked consulting, and yes, it is as much fun as it sounds.
The couple could refinance their house and take out a new 30-year fixed-rate mortgage at 5% or less and devote the $500-plus monthly savings to make up for the shortfall in Jenna's college fund. However, we recommend speaking to the college financial aid office about Stafford and Plus loans from Sallie Mae, as well as additional options. They should continue to fund her 529 plan while she is in college. Because James still has three years to go before starting college, they should also continue funding his 529 plan.
