Hedge funds lost 1.31% in August, marking the first negative returns since July 2006, according to HFR.
The iShares S&P National Municipal Bond Fund from Barclays Global Investors won’t be the last.
Private-equity and hedge fund managers should pay higher taxes on their fees, according to some financial advisers.
Two insurers, hoping to attract baby boomers heading into retirement, have introduced variable annuity products that guarantee a hefty 7% return on the holder’s investment in each of the first 10 years of the contract.
An industry-friendly 401(k) fee bill could be drafted soon in the House Ways and Means Committee to avoid some of the more-onerous provisions of an earlier bill.
As floor traders clad in jackets and ties vanish from the New York Stock Exchange, they are being replaced by people like Sam Johnson, a technology whiz kid who goes about his business wearing jeans and cowboy boots.
The college savings plan industry once again has unveiled a wide array of marketing campaigns for the back-to-school season, with many plans emphasizing the benefits of 529 plans in light of upcoming changes in the “kiddie tax.”
For young financial advisers looking to earn their stripes, a lack of gray hair and wrinkles could have some clients concerned about taking advice from someone as young as their child — or even grandchild.
Many young advisers have taken it upon themselves to pave their own path into the financial advice industry.
One day last month, while the Dow Jones Industrial Average was sinking over subprime-mortgage concerns, financial adviser Frank McGovern was relaxed, and the phones of his McLean, Va., office were quiet.
