Economy & Markets
The important economic and stock market news that advisors need to know.
The Garden State vs. the Sunshine State: Retirement Math
By Bryan KudernaThe author looks at how migration considerations affect income planning clients in a high-tax state.
April 17, 2019
Top 15 States With Highest Retirement IncomeGoBankingRates took a look at how much money people are really living on in retirement.
April 17, 2019
Is the Financial Transaction Tax Just a 'Crazy Democratic' Idea? Bloink & Byrnes Go Thumb to ThumbBloink and Byrnes share their opinions about the viability of the tax and the implications if this bill is passed.
April 17, 2019
Fund Managers Are Positioned for Secular Stagnation: MerrillSeven in 10 investors in the fund manager survey said they don't expect a global recession until the second half of 2020 or beyond.
April 17, 2019
Morgan Stanley Tops Estimates; Wealth Profits Rise 1%The bank has 15,708 registered reps -- up 26 from a year ago and 14 from the prior quarter -- with an average of $158 million in client assets. Rival Merrill Lynch's advisor headcount is 14,761 — down eight from the
April 17, 2019
Fears of 'Medicare for All' Hit Health StocksInsurers suffered along with the publicly traded hospital companies.
April 16, 2019
BofA Wealth Unit Boosts Profits 14%; No Plans to Sell Retirement-Plan OpsSome 11% of new client relationships for Merrill advisors came from referrals in other parts of the bank in 2018, and that level could rise this year.
April 16, 2019
Tax Reform Ruined Roth IRA Conversions, but Hope ExistsThe recharacterization door has closed, but a huge window to do Roth conversions while minimizing taxes has opened.