More proof of the breakaway broker phenomenon, albeit anecdotal? Moneta Group has hired two veterans legacy A.G. Edwards advisors, the company said today, amid a nascent national trend of advisors leaving wirehouses for smaller independents.
First the good news: The S&P 500 should climb by about 19 percent or so from yesterday’s close, says mutual fund manager Steve Leuthold in his firm’s “Green Book” monthly research report, released this morning. Now the bad...
Welcome to the New Normal, a ghoulish economic scenario. But there are some tweaks investors can make to their portfolios to protect against the apocalypse.
Ben Bernanke in remarks release this morning by the Federal Reserves, concludes: Monetary policy isn’t to blame for the real estate bubble; rather blame all those crazy “exotic” mortgages for the speculative excess in real estate.
The Financial Services Institute (FSI) plans on lobbying against recently re-introduced legislation in the Senate that threatens financial advisors’ “independent contractor” worker classification. On December 15, Senator John...
With the decade ending tomorrow, the chorus blaming bankers—and only bankers—for the economic “lost decade” will finally grow crescendo. (Lots of think pieces will appear online and in papers everywhere.) Naturally...
