In an surprise move, the Federal Reserve cut interest rates from 4.25% to 3.50%.
Treasury Secretary Henry Paulson this morning expressed optimism that a temporary growth plan can be enacted quickly.
Although not a major overhaul of its product, Version 3.0 of Money Tree Software Ltd.'s Total Planning Suite offers new reporting features and an updated interface that make it an improvement over the previous incarnation.
The typical American financial adviser is 50.4 years old, works with 250 to 500 clients and manages $25 million to $100 million in assets.
Mutual fund companies largely have been immune to lawsuits stemming from the subprime-mortgage crisis, but that soon may change.
Investors are becoming interested in environmentally aware companies from an economic rather than a socially conscious perspective, and many are turning to their financial advisers for help in going green.
Stephen Lieber, lead portfolio manager of the Alpine Dynamic Innovators Fund (ADINX), said he is starting 2008 with a portfolio positioned to be nimble by allocating nearly half the $68 million fund to cash.
The mother convicted with her son in a multimillion-dollar hedge fund scheme will be sent back to Turkey.
A meeting of some 50 independent mutual fund chairmen and lead directors this week could result in the creation of a permanent organization for independent fund executives.
As subprime-related losses mount, the word itself has proved to be a winner.
