In the past, advocates of buy-and-hold investing often said that if you miss just a few of the market’s best days, you are doomed to mediocre performance. Now some say that instead of thinking about the best days, investors should focus on...
The number of wirehouse advisors switching broker/dealers has been in steep decline since June. In November, just 177 advisors in the wirehouse channel switched firms, the smallest monthly number all year, according to Discovery Database.
The House of Representatives passed the Wall Street Reform and Consumer Protection Act of 2009 by a narrow margin Friday afternoon: 223 votes in favor to 202 against. But it will still be a long time before the regulatory future for broker/dealers...
UBS’ Wealth Management Americas unit today unveiled a new compensation program that will reward the firm's biggest financial advisors for loyalty and growth. That’s a departure from other brokerages where compensation is typically...
Should you stay well away from hot dots, that is, hot mutual funds? Not necessarily. Some top funds have long records for delivering relatively steady results. The best choices among the winners are diversified funds that can produce strong...
In her remarks before the Consumer Federation of America Thursday, SEC Chairman Mary Schapiro reiterated her commitment to creating a “strong fiduciary standard” for all securities professionals. She also called for clear point-of-sale...
The hunt for offshore account holders continues. The IRS is now trying to obtain the names of individuals who held offshore accounts with indicted financier and former billionaire Allen Stanford, according to a story in the New York Post. The IRS...
While the U.S. economy remains sluggish, growth is rebounding in much of the rest of the world. That is creating plenty of opportunities for Laurent Saltiel, portfolio manager of Janus Worldwide (JAWWX) and Janus International Equity (JAIEX).
Two Bank of America CEO candidates recently told the board of directors that the bank should consider breaking itself up.
One actively managed fund group has not disappointed: Morningstar’s “fund managers of the year.”
