Financial Services Explained, Pt. 1: The Cost of Everything
In the first of a series, we look at how advisors young and old can benefit from understanding how the industry works for your clients.
Oil Rises to 15-Month High on U.S. Supply Drop, OPEC Optimism
The increase followed a 5.25 million barrel drop in U.S. crude inventories just weeks before OPEC ministers will meet to discuss supply cuts.
‘Huge’ Wealth Transfer in Sight: UBS, PwC Report
In the U.S. alone, about $1.1 trillion will transfer to the next generation over a period of 20 years, the report estimates.
Investors’ Cash Level Highest Since Brexit, 9/11: BofA Merrill Survey
What’s making investors so risk averse? Investors are bearish, with fears of an EU breakup, a bond crash and election results, says BofA’s Michael Hartnett.
Tiny Social Security COLA to Pinch Seniors as Medicare Costs Surge
Payments could rise just $5 a month in ’17 versus the $150 seniors have lost with low inflation, says one group.
BofA Wealth Profits Jump 10%: Q3 Earnings
The unit is set to have a new leader in 2017, when it will no longer offer commission-based retirement accounts.
Fed’s Fischer Makes Case for Fiscal Policy to Boost Growth
The vice chair of the Fed said a combination of private investment, infrastructure spending and effective regulation are likely to promote growth.
3 Potential ‘Black Swans’ to Watch For: 3EDGE
The markets today are “even more susceptible” to black swan events than before, according to 3EDGE’s president Stephen Cucchiaro.
Goldman Says U.S. Bondholders Risk a $1.1 Trillion Hit if Rates Spike
A 1% increase in interest rates could inflict such a mega loss in the Bloomberg Barclays U.S. Aggregate Index, according to Goldman analysts.
Psychologist Offers Advice for Clinton, Trump to Improve Debate Performance
Before Wednesday’s debate, Dr. Alden Cass, a clinical psychologist who assists financial advisors, addresses the candidates’ behavioral weaknesses.