A new NASD regulation taking effect April 16 will require brokerage firms to include valuation information on some limited partnerships and REITs. Under the new rule, firms must include valuation information on client...
Trusts are a good way of transferring one's assets with the least amount of intervention by the IRS and other parties. It sounds simple, but there's a world of confusion surrounding trusts. Jack W. Everett, a CFP...
A typical day for independent broker Kevin McBarron is well, there is no such thing as a typical day right now. In July, McBarron, 40, bought Wealthcrafters, an Irvine, Calif., practice and made a cross-country move...
Despite current upheavals in the markets, author and demographer Harry Dent is standing by his contention that the Dow could hit 36,000 by 2007 or 2008. “This is short-term market turmoil,” Dent said...
Salomon Smith Barney has won two separate arbitrations related to its Capital Accumulation Plan. In Mary Elizabeth Whyte vs. SSB, Whyte claimed that the firm "breached their contract, converted funds and engaged in...
A study by the SIA on mutual fund portability indicates that more than 90% of mutual funds distributed by top firms are “as portable or more portable than three years ago.” The study’s findings are...
This month, American Funds will begin offering C shares on all its funds. The shares will carry an annual load of 1%. The company is also considering introducing a new no-load F share class through registered...
Go to any financial Web site and you'll find calculators and asset-allocation tools galore, including at the sites of major full-service brokerage firms. While these online planning tools and calculators may be the...
Martin Silfen's The Retirement Plan Distribution Book is a comprehensive source of complicated retirement plan information that is actually easy to use. The book clearly explains the options and intricacies of...
More than one broker has glanced out his window, seen an Air Force jet roar overhead and thought, If things had worked out a little differently, I could prove that I have the right stuff. Usually, the daydreaming...
