The SEC proposed a rule in December that would raise the net worth requirements of investors in hedge funds to $2.5 million from $1 million, not including the value of one’s home.
Financial advisors have long complained that 529 college savings plans aren’t profitable products for them to fuss with: The average account size is too small, the account opening process is too time consuming and, until recently, there was...
In the securities business, the word connotes a smallish brokerage, dispensing simple, up-the-gut advice to their aw-shucks clientele, the kind of folks who live in small cities and rural communities in, say, the Midwest. And we all know the...
January is a month for making resolutions in all areas of your life. Make one now to take a realistic assessment of your current career situation to evaluate where you are today against where you'd like to be longer term. Here are two questions...
After Eliot Spitzer discovered the fund market-timing scandals in 2003, regulators searched for a solution. One approach proposed by the SEC was to boost redemption fees, socking speculators with extra costs for their short-term trades. But...
It was a fine year for brokerage firms—especially their stocks. No one came up bigger than Goldman Sachs and Morgan Stanley in terms of percentage gains.
Growing up on a dairy farm in Owen, Wis., Mark Schley always dreamed of running his own cattle ranch. He envisioned sprawling land, a barn and a rustic home for his family. His wife Susan had also been raised on a farm and shared his dream. It was...