Kids of wealthy parents almost always fire their parents' advisors after they inherit the money. They also tend to fail to meet their financial goals. There are many reasons why. Here are some ways to keep their business....More
The New Year will bring continued downward pressure on asset management fees. Will you keep the change or pass the saving through to your clients?...More
Investors always have to ask themselves if their notions are timely, but with gold, it's especially critical. Is it just too late in gold's bull market...More
As we look ahead to 2011, we obviously don't know for sure what markets will bring us. But the greatest risk clients face is trying to avoid risk altogether....More
Have you thought seriously about when and how you're going to retire? And who'll take over the practice? You haven't? Well, you're in good company. A...More
The window for a do-over on benefits collection is almost closed. But there are other ways to augment retirement income in the short term aside from waiting longer to take benefits....More
As we celebrate our 35th year of publishing in 2011, I thought it might be beneficial to introduce William O'Conor, who takes the helm of our financial services group....More
Diamonds Aren't Forever Investors who thought they were investing in a diamond trading program were actually investing in a Colorado man's Ponzi scheme, according to the Securities and Exchange Commission. The assets of Richard Dalton and his company, ......More
Legg Mason has tapped Peter Nachtwey as its new chief financial officer, replacing Terrence Murphy, who has served as interim CFO since July. Nachtwey joins from The Carlyle Group, where he served in a similar role at the alternative investment manager. ......More
What was your average employee thinking about when the ball dropped? According to a survey conducted by Principal Financial Group, the top New Year's resolution among employees is to pay off credit card debt (35 percent), followed by putting a set ......More