In looking at the current state of affairs, Woodward quoted Senator Barry Goldwater, who in his 1960 book The Conscience of a Conservative lamented that the federal government was then "the largest lender, debtor, owner, and manager" in the United States. Nearly 50 years later, Woodward joked only half in jest, "you might well think that the federal government is the only lender, debtor, owner, and manager," but he cautioned against making too broad comparisons between the current recession and the Great Depression, recalling that during the 1930s, the government itself "hired 60% of the unemployed" through government programs like the Works Progress Administration.
Digital Transformation and the Advisor: Keeping pace with a rapidly evolving competitive landscape will show you how to take advantage of—rather than feel threatened by—financial...
Secure the future of your business with customers from the largest generation in history.
Part II in a series of articles on working with ultra-high-net-worth clients from IMCA's Investments & Wealth Monitor takes a look at the biggest trends...
Oct 20, 2016
Learn what critical roles document management serves for wealth management firms and their practical operational advice for running a viable business.
Oct 05, 2016
Some broker-dealers have already decided to exit certain lines of business and are sizing up how the rule will impact their IT and compliance budgets....
Sep 13, 2016
Nationwide is providing a deeper look into the rule’s implications and a discussion of decisions firms will need to make in order to comply.