Demographic Nightmare: Boomer Retirement Disaster Looms
"We’re living into our 80s, 90s and 100s," says Wilmington Trust's Kathryn Karlic. "We’ll have four generations around a single pocket of wealth, with 80-year-old women taking care of their 100-year-old parents."
Bob Doll’s Top 10 Predictions on Economy for 2013
The typically bullish Doll predicts that the U.S. stock market will hit record highs even as the economy struggles.
Most Investors Don’t Understand ETF Taxes: BlackRock Study
Advisors were alerted by iShares to the key questions that they should expect to answer about the ETFs in clients’ portfolios.
Reduced Expectations Force Americans to Delay Retirement
It’s official: Americans are not ready to retire, studies from both BlackRock and Merrill Lynch show.
Genworth Wealth Adds 4 Strategists, 8 Strategies
“I call it the happy meal,” says Genworth Wealth Management President and CEO Gurinder Ahluwalia of the firm's simplified menu of portfolio strategies for indie advisors.
ETF Market Explodes as Asset Managers Innovate
The RIA Group at iShares has seen phenomenal growth, to 100 boutique managers totaling $46 billion in ETF assets this year versus only a few managers with $5.8 billion in assets in 2009.
Advisor iPad App Allows Client Reviews to Go Anywhere
“As long as I have my iPad with me, there’s nothing I can’t access. I can run into a client in a restaurant and do things on the fly,” says Ted Rich of Vinoy Capital.
BlackRock, Harvard: Retirees Don’t Know What They Want, but It Might Be Annuities
“You don’t get a radically different answer when you change the wording of a question about whether you want chocolate or vanilla ice cream, but with annuities you do,” says Harvard professor David Laibson.
BlackRock’s Fink Advises 100% Allocation to Equities
BlackRock's Larry Fink told Bloomberg Television from Hong Kong that investors should have 100% of investments in equities due to low valuations and higher returns than bonds.
Top Portfolio Products: ProShares ETF Focuses on Germany; BlackRock Offers New Fund
New products over the last week include a new ETF focusing on German debt from ProShares and a reintroduced multi-asset income fund from BlackRock.