What does financial regulatory reform mean to you, the retail financial advisor? As you know, recently, the Senate passed a bill to “correct” the United States’ financial regulatory system. The bill, which will have to be reconciled with the House...
Just how bad has the market been acting recently? Catch-your-breath bad. Here are some fun facts to know and tell about the market's recent correction. A friend sent me this research note from an advisor from Morgan Stanley. The comments at bottom...
What's the net present value of an unknown future reward (expected to be in the tens of millions, if not hundreds of millions) for an IRS agent who rats out a company cheating on its taxes? http://nyti.ms/aRp0pr
HNW Taxpayers Should Maximize Charitable Contributions, Other Itemized Deductions in 2010 because PEP and Pease provisions return to tax code in 2011. http://bit.ly/cVzMuX
Big Boy did it! So, let's see . . . Greece, a profligate, socialist country, is mired in debt and would have defaulted if it weren't for a bailout . . . Big Boy did it! By Big Boy, I of course mean Goldman Sachs. The prime minister of Greece said...
So who is driving this stock market rally (if you can still call it that) that dates back to early March of 2009? Morningstar reports today that retail investors have finally been net buyers in April of domestic-equity mutual funds for the first...
When we reported on April 29th that the brass at Edward Jones was increasing the minimum production bar, our Advisor Forum lit up. Well, a little. A competing website reported a week or so later that a large producer or two had left Jones and...
Not that you need reminding, but Wall Street is one tough place to survive. Not that I needed reminding, but Alan Skrainka, chief market strategist for Edward Jones, was in my office today, proudly showing me the survivors of Wall Steet. The...
