News

High-income households may be as worried about their financial health as less affluent households, a survey of American savings habits suggests.

Dr. Marc Faber, who predicted the 1987 crash and the recent financial crisis, is predictably gloomy. Buy farmland, gold and head into the country to avoid a "dirty" war, he told a conference. For more, please go to VonAldo.com, the blog of...

A senior executive at Morgan Stanley Smith Barney has jumped ship for Merrill Lynch. Jimmy Tighe, former New York City regional director for Morgan has been hired by Merrill as managing director and business & resource integration executive at...

This week the Financial Industry Regulatory Authority announced it is seeking the SEC’s approval to expand the amount of information made public on current and former brokers’ permanent records in its free online CRD database...

Financial advisors with entrepreneurial clients—first-generation wealth creators—best take heed of Obama’s recently introduced plans to bring back the federal estate tax. Obama’s plan would actually raise taxes on farmers...

Senator Tim Johnson (R- S.D.), incoming Senate Banking Committee Chair, began floating an amendment last week that would eliminate from Senate regulatory reform legislation the application of a fiduciary standard to investment advice provided by...

Multiple publications have reported recently that the massive switching of firms in the advisor population will subside this year, and that 2010 will be about staying put and focusing on growing your books. For top producers, wirehouse recruiting...

While some growth managers seek companies that are reporting the most rapid earnings gains, Janus Fund (JDGAX) avoids the highflyers. Instead, the fund favors predictable blue chips. The aim is to find dominate businesses that can grow steadily...

A former Citi broker doesn’t have to pay back the full amount owed on his sign-on bonus, a FINRA arbitration panel ruled this week.