Economy & Markets
The important economic and stock market news that advisors need to know.
BofA Posts Its Best Profit in Six Years
By Laura J. KellerTrading revenue falls 15%, fueled by slump in fixed income; net income climbs 13% to $5.59 billion, beating estimates.
October 12, 2017
Oranj Launches Free Wealth Management Software Product for AdvisorsThe MAX offering includes model portfolios and funds from BlackRock, Direxion, Morningstar, ETF Securities and Frost Investment Advisors.
October 12, 2017
Come On, Bondholders, Give Puerto Rico a BreakYou took on risk. You lost. That's life. Now think of the victims of Hurricane Maria.
October 10, 2017
Political, Regulatory Risks Drive Big Investors to Equities: The EconomistSome of the current bull market in stocks is being driven by tactical investments rather than by fundamentals, Franklin Templeton suggests.
October 09, 2017
Think 7% Returns Are Coming Back Anytime Soon? Think Again.Two prominent investment strategists cautioned advisors about future gains in client portfolios at FPAs annual conference.
October 09, 2017
15 Cheapest States for Long-Term Care: 2017Genworths annual study on the cost of care nationwide, which includes home care and assisted living facilities, ranks LTC costs by state.
October 09, 2017
Is It Finally Time to Look Beyond US Large Caps?Investors have done well just tracking a benchmark in recent years. But when the correction arrives, a more tactical approach can deliver considerably more value.
October 09, 2017
Thaler, Famed for ‘Nudge’ Theory, Wins Nobel Economics PrizeThaler will spend the prize money as "irrationally as possible," he says.