Judge Steven W. Rhodes’ ruling that the City of Detroit is officially bankrupt and that pension benefits for public pension fund beneficiaries may be reduced will have major repercussions throughout the public pension fund industry...

Many investors are drawn to fixed income because it provides steady income, and has the ability to diversify portfolio risk. Fixed income investors contend with the challenges of very low expected returns, a paucity of skilled managers who have t...

Dynasty Financial Partners brought onboard a founding member of one of its closest competitors on Tuesday. Ed Friedman, formerly the director of advisor development at Hightower Advisors, will now serve as Dynasty’s director of strategic relation...

• IRS publishes inflation-adjusted items for 2014—In Revenue Procedure 2013-35,1 the Internal Revenue Service set forth inflation-adjusted tax items for 2014. These inflation adjustments, which take effect on Jan. 1, 2014, include...

A bull market helps many advisors feel pretty good about the firms they work for. Still, according to the 2013 Broker Report Card, some are happier than others.

“Rule number one: never lose money. Rule number two: never forget rule number one.&rdquo...

Time Warp

As this bull market climbs its “wall of worry,” we can see its underlying strength. Valuation concerns and the risk of a major correction appear overblown, as we should see a continued rebound in economic fundamentals over the coming months. App...

The sale of your financial advisory practice will take a significant amount of effort and planning. Even if you are a self-described maverick, selling your firm is not a process that you should attempt to do by yourself. Even for the smallest...