Most 401(k) plan participants need investment advice.
In a bid to ease investors out of cash and back into the market, Putnam Investments is dropping the sales charge and broker payout on the Class A and Class M shares of three of its mutual funds.
Fidelity Investments today announced that it will offer its retail customers — and and its registered investment adviser clients via a separate program — commission-free online trades for a suite of 25 iShares exchange-traded funds from BlackRock Inc.
Wealth management firm Aspiriant LLC said today it has agreed to buy Deloitte Investment Advisors LLC, a unit of accounting firm Deloitte LLP with 450 clients and $2.9 billion in assets under advisement.
Advisers should have difficult discussions about how much a client actually needs to retire, rather than how they feel about risk.
Without the presence of many willing buyers and sellers, we have seen how poorly markets function.
The battle over pint-size actor Gary Coleman's estate underscores the importance of a clear, coherent will — and the pitfalls of having more than one will in existence.
All but 7% of the nation's 20,000 wealth management firms won't extract significant value from their business when their owners retire, because most do not have a sustainable profit model, a new report contends.
Several state insurance regulators are considering changes that could make sales of variable annuities more burdensome for financial advisers and agents, and may even discourage the use of such investments in certain situations.
Total money market mutual fund assets rose by $740 million to $2.841 trillion for the week, the Investment Company Institute said Thursday.
Financial advisers find themselves dispensing calming words and holding hands with uneasy investors as the stock market extends its biggest decline in more than a year.
Research Affiliates' Rob Arnott, who addressed several hundred advisers at the Retirement Income Summit in Chicago earlier this month, tells Morningstar's Christine Benz that investors need to ratchet down their return expectations — and, when they become cheaper, increase exposure to inflation-protected assets.
Big trouble for Tiny Gallon? The Oklahoma athletic department is said to be looking into allegations that the Sooners' star basketball player received money from a financial adviser
Michigan coach Rich Rodriguez has been sued along with several business partners by a company that says it has yet to be repaid for a $1 million loan.
JPMorgan Chase & Co. wants to squeeze more business from its mass-affluent customers, and it's asking Barry Sommers, the former head of its brokerage unit, to lead the effort.
Global millionaires' ranks increased by about 17 percent in 2009, with the Asia-Pacific region posting a 26 percent gain, according to a report by Capgemini SA and Merrill Lynch & Co.
Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett are launching a campaign to get other American billionaires to give at least half their wealth to charity.
The global millionaires' club expanded by about 14 percent in 2009, according to the Boston Consulting Group, with the number of millionaire households increasing to 11.2 million. The majority of these wealthy households reside in these five countries.
