Investors desperately looking for hope in the current choppy market may want to focus on the upcoming midterm elections.
If your client wants to convert his or her individual retirement account to a Roth IRA this year but doesn't have cash from non-IRA sources to pay the tax on the conversion, consider looking at his or her capital assets.
In his early 60s and at the doorstep of retirement, Robert Neiswanger was considering long-term-care insurance. He acknowledged that the coverage made sense, but he couldn't come to terms with paying for something he might never need.
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that accused the Wall Street giant of misleading buyers of mortgage-related investments.
With added charges, shrinking interest, putting mony in the bank can be a losing proposition; mattress starting to look good
Company's share price pummelled after sell-off by fund firms; 'fundamentals remain solid'
Affluent investors piling into master limited partnerships for pipelines, tankers; 'huge tax advantage'
Cost-cutting has buffed up companies in financial and tech sectors; 'tremendous operating leverage'
License for cabs in NYC up 347% over 20 years; average price now tops $800K
A recommendation by an SEC task force that life settlements be treated and regulated as securities has raised concerns that another turf battle may be brewing between state insurance regulators and federal securities cops.
An insurance broker has admitted stealing $2.6 million that a New Jersey school district unknowingly paid for a nonexistent health care program.
The SEC wants to do what is in the best interests of investors. But if, in the end, we see them make rules that dilute the standard to appease Wall Street, we'll look back and see that the writing has been on the wall for a long time.
Penson Worldwide Inc., the parent of the second-biggest securities clearing firm, reported a net loss of $7.4 million in its second quarter, equivalent to a loss of 29 cents per share.
On the heels of completing the reorganization of its fund group, Wells Fargo Funds Management LLC is setting its sights on product development and is looking specifically at retirement income products.
It seems these days that half the headlines in the financial media fear a double-dip recession, as do half the conversations on Wall Street.
The $550 million penalty may be a record, but some industry watchers say the firm got off light in its settlement with the SEC.
The deal adds about 100 Ridge clients to Penson's base of 297 brokerage firms, making it the second largest correspondent clearing firm in the securities industry.
Bill Gross, who runs the world's biggest mutual fund, has a confession.
When it comes to controlling client assets, LPL Investment Holdings Inc.'s recent IPO registration offers clear proof that the remaining four wirehouse broker-dealers still dwarf the more diverse galaxy of independent broker-dealers.
