New Hire Roundup: Ex-CBO Chief Elmendorf Back at Brookings
Meanwhile, Royal Alliance adds Quincy Group; MarketCounsel beefs up staff with three new lawyers.
Wells Fargo Grabs Morgan Stanley, Merrill Reps as Raymond James Nabs UBS Team
The four new Wells Fargo advisors come on board with some $900 million in assets; the new RJ group has some $300 million.
Enforcement: Chase to Pay $136M Over Debt Collection Practices
Meanwhile, FINRA barred five brokers for a sham private placement offering.
For Divorcing Women, Becoming Financially Knowledgeable Is Crucial
More older women are getting divorced, and if they have delegated financial decision making to their spouses, they need to raise their financial knowledge fast.
10 Best US Cities for Veterans
In some of the cities in NerdWallet's ranking, more than a fifth of residents are veterans.
Bill Gross: 6 Scenarios That Would Threaten ‘Shadow Banking System’
That system includes asset management firms, says the Janus portfolio manager, who takes time in his monthly investment outlook to criticize former PIMCO colleagues.
Your Local Investing Bias Could Cost You
What matters most to investors is at least having some awareness of the factors that may be biasing their behavior.
Endorphinomics: Working on Happiness
A new book by consultant Steve Moeller explains why some very successful advisors are very unhappy.
What Makes Sequence of Returns Risk So Dangerous
We recently advised readers of an obvious but overlooked retirement risk—what retirement planner Dirk Cotton calls sequence of consumption risk.
When an IRA Rollover Is a Bad Idea
“Advisors better have good reason to roll over the 401(k) other than to generate fees and commissions for themselves,” advisor Scott Hanson said.