For HNWs, One Advisor May Not Be Enough
"It really takes a village to get the reporting done correctly" for some high-net-worth clients, says attorney Adrienne Penta of Brown Brothers Harriman.
Top 20 Richest Colleges of 2014: The Biggest Endowments
Healthy investment returns allow schools to fund a larger portion of their budgets from endowments.
Schorsch Accused of $900M Fee-Driven Scheme
Behind the accounting errors that knocked $4 billion off ARCP’s market value was a hidden scheme, investors said in a lawsuit.
Gates, Pritzkers Take on Musk in $5 Billion Race for New Battery
Gates is backing MIT’s Donald Sadoway, who says he’s perfected the chemistry for a 10-ton liquid metal battery.
Renting Your Home on Airbnb? Don't Forget Lodging Tax
“When you’re short-term renting a property anywhere in the U.S., you’re essentially operating as a hotel,” Rob Stephens of HotSpot Tax warns.
Ex-NFL Player Accused of Ponzi Scheme: SEC
A former New England Patriot and a partner are accused of bilking investors who thought they were funding loans to pro athletes.
BlackRock Plans Money Fund Changes to Meet New SEC Regulations
The world’s largest asset manager said it would change its lineup of money-market mutual funds to make them comply with new federal regulations.
Top 10 Smartest States for Financial Literacy: 2015
Residents in these locales have a head start on planning and saving, according to WalletHub.com.
Another Politician Wants to Ban Insider Trading
Three bills are being introduced in Congress to re-forbid insider trading. The Himes bill does the least violence to existing law.
SEC Enforcement: Former Polycom Owner Faked Expense Reports
Meanwhile, two longtime friends were accused of an insider trading scheme involving kickbacks.