Middle-Income Earners in Urgent Need of Advice: Survey
A new joint report by the CFA and Primerica has found that two-thirds of middle-class Americans acknowledge having made financial mistakes—with the average cost being $23,000.
Fed Launches QE3 With Open-Ended Security Purchases
The Federal Reserve has launched a third round of quantitative easing, pledging to expand its balance sheet by nearly a half a trillion dollars a year beyond existing commitments. An LPL analyst called the move "not very bold."
AIG Stock Sale Could Trigger Federal Regulation
American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government.
New Hire Roundup: TD Ameritrade Institutional Adds Dario
Also this week in new hires, Joseph Nader joined Wescott Financial Advisory Group; Will Proctor went to a new spot at Neuberger Berman; and more.
Loring Ward Helps Parents Teach Kids About Money
Helping families teach children about finances is a way advisors can take “a more comprehensive, holistic approach to wealth, instead of only focusing on investments,” a Loring Ward executive says.
Investors Worried, Perhaps Rightly, About Retirement
Advisors are worried that their clients aren’t looking at retirement realistically, while half of investors say they are not looking forward to retirement, according to surveys released Wednesday.
Have We Turned the Confidence Corner? Millionaires Think So
Spectrem Millionaire Confidence Index hits nine-month high; consumer confidence, Chicago PMI—even Ben Bernanke—points to a possible resurgence, but Spectrem’s Wolper warns about negative effect of rising gas prices.
Diving for Dividends
The aftermath of the credit crisis has dramatically changed the behavior of corporations.
Arrow Funds' Alternative Plan
Joe Barrato is frustrated with the use (or rather, lack) of alternative investments and hedging strategies in the mutual fund and ETF space.
Pull the Trigger
A GDP trigger is something that has an effect on the rate of GDP.