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The number of millionaire households in the nation increased by 8% in 2010, marking a second straight year of growth, according to Spectrem Group.
by Robert Laura
Advisors can help their clients transition to this new phase of life by having broader discussions and shedding some retirement perceptions...
by Dan Moisand
Rather than looking at withdrawal rates, this professor assessed the annual rate at which someone would need to save over 30 years so she doesn't run out of money in retirement.
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Rising oil prices and its potential impact on inflation and global growth conjure images of stagflation, according to a new Bank of America Merrill Lynch fund manager survey.
More than a quarter of U.S. workers said they're "not at all confident"
about their ability to afford a comfortable retirement, according to an EBRI report. That's a two-decade high.
The Internal Revenue Service audited 18.4% of taxpayers reporting income
above $10 million last year, up from 10.6% the previous year.
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Public employees represent 15% of the U.S. workforce,
yet control 37% of employer-sponsored retirement plan
assets, according to Spectrem Group.
by Mike Brynes
Here's how to segment your book of business and focus on growing using an "ideal" client profile.
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Millionaires still view the economy as weak, but they are growing more hopeful about future growth, according to a recent survey from Fidelity
Investments.
Record earnings fueled by the highest profit margins
since 1993 are giving executives more leeway than ever to boost
dividends as the bull market enters its third year.
UBS AG, sued for $2.6 billion by the trustee liquidating
Bernard L. Madoff's defunct firm, said publicly identifying employees
who aren't central to the lawsuits might put them in danger.
The high-stakes insider trading trial of hedge-fund billionaire Raj Rajaratnam began with all the anticipated drama-and an overflow crowd of onlookers.
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Franklin Templeton Investments has appointed 15-year financial services
veteran Pierre Caramazza to head its registered investment advisor sales
division.
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Generation Y is taking responsibility for their finances at an earlier
age than their predecessors and they're not afraid to ask for
advice-from anyone, according to TD Ameritrade.
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Funding must be increased for the Securities and Exchange Commission in
order to implement critical consumer protections and boost investor
confidence, according to the Financial Planning...
The Senate rejected a Republican plan to cut $61 billion from the
budget, as well as a competing Democratic plan, in votes
designed to pressure House Republicans to compromise.
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Ray Fazzi
A federal judge has frozen the assets of a Minnesota-based money manager
who is charged by the SEC with pilfering millions of dollars from
investors through a currency investment scheme.
Bill Gross, who runs the world's biggest bond fund at Pacific Investment
Management Co., eliminated government-related debt from his flagship
fund.
ING Groep NV, the biggest Dutch financial-services company, is preparing
to sell a U.S. online-banking division with a book value of $8.9 billion
to meet EU conditions for the firm's bailout.
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Finra has expelled a Virginia hedge fund firm and barred its CEO, charging them with securities fraud, misusing investor's funds and issuing false account statements to investors.
