“The fund industry’s dirty little secret: most actively managed funds never do as well as their benchmark.” Arthur Levitt, Chairman, SEC
$550 million penalty may be a record, but the Wall Street firm got off light, say experts.
You know the smartest things to do with your money. But what are the worst moves? What should you avoid?
Sad to report, but divorces among older Americans are surging. That’s saying something in a country that is already the world leader in divorces.
When clients can’t commit, it’s not because they don’t trust you—they have two brains.
Worries about default on government debt has investors clamoring for — yep — government debt; lower rates save taxpayers $647M.
The scramble for yield pushes planners to get creative.
Investment vehicles prefer ‘positive’ screens over ‘negative’ ones.
$250K limit can easily be bumped up to $2M; CDARS, brokered CDs gaining in popularity.
Amid the growing popularity of exchange-traded funds that invest in bonds, financial advisers should be aware of the potential problems and pitfalls associated with the products.
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