Here's a story you can tell to clients who are fed up with the market. There's a frantic search under way in Israel for a mattress that's worth $1 million. According to the AP, a woman in Tel Aviv bought her mom a new mattress, taking the old one...

A wave of sentiment surveys hit, as usual, at the close of the second quarter. While money managers are becoming more bullish on high-yield investments, consumers seem to have mixed feelings about the economy and the market. Of course, sentiment...

Beginning in July, Schwab will waive commissions on electronic equity trades and reimburse account transfer fees for its RIAs’ clients. The offer is good through the end of 2009. And for the more than 2,200 investment advisors who use Schwab...

RIAs have a lot on their plates. They’ve seen their assets drop significantly over the last year, their clients are demanding more of their time, revenues are taking a hit and on top of it all, there’s potential for major regulatory...

Not surprisingly, last year’s market took its toll on the wealthy, reducing assets, slimming their ranks and undercutting their trust in institutions associated with the market, according to the 14th annual Global Wealth Report, released...

More than nine months after one of the oldest and largest money market funds suffered such severe redemptions that the net asset value of its shares fell below $1, the SEC is proposing structural and regulatory changes for money markets so it...

Lose a client’s money, what’s the worst that could happen? According to the U.K.’s Daily Mail, last week in Germany, elderly pensioners allegedly beat their financial advisor with Zimmer Frames (metal walkers) and then kidnapped...

The SEC today indicted four individuals for helping Bernie Madoff in his colossal Ponzi scheme. One of the individuals was a registered rep and a second was an investment advisor. If the allegations are true, the men and one woman are quite wicked...

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