Plenty of advisors shun global funds, which own a mix of U.S. and international stocks. The problem is that global portfolio managers can adjust their allocations, holding 40 percent of assets in the U.S. one year and 60 percent the next.
It's been five years since my brother Matthew Burke was murdered when terrorists flew an airplane into the north tower of the World Trade Center, trapping him and his colleagues above the burning crash line and dooming them to a horrible death.
Andrew Brief Retirement Strategies, in Elmsford, N.Y., reckoned that the only way to significantly boost the growth of his practice was to make what he thought would be a risky move: hire more expensive, seasoned staff
After announcing its planned IPO of Ryan Beck in April, parent company BankAtlantic got the jitters and pulled back the offering in late July, citing poor market conditions and a terrible quarter.
There were an unprecedented 89 mergers or acquisitions involving fund-management firms in the first half of 2006. Buyers spent at least $13.5 billion in disclosed and estimated dollars