Financial advisers and other consumers with any debt at all need to become more Scrooge-like this holiday season and avoid buying presents altogether, cautions a credit counseling organization.
For months, large financial services companies have been laying off people by the hundreds — but it is a different story for smaller advisory firms that must say goodbye to employees who have become like family members.
As Tiger Woods publicly acknowledged his “transgressions” earlier this week, his wife was looking into changing the couple's prenuptial agreement in order to collect more of the pro golfer's millions, according to published reports.
Retirement account holders at the Principal Financial Group Inc. can now receive weekly text messages outlining their 401(k) balances.
In the wake of a decision last month by LPL to bring in-house the clearing function at three subsidiary broker-dealers, about 200 financial advisers at those firms have moved to other firms or are planning to do so.
Despite the run-up in the markets in recent months, Americans remain very pessimistic about their finances — and a growing number of people now say that they're unable to put money away for their futures.
Most asset management firms have reduced — and will continue to reduce — the amount of money they spend to lure financial advisers to their mutual funds, a study has found.
A few early-bird financial advisers are starting to make plans to hire new employees.
The Vanguard Group Inc. has restricted investments in its Primecap Core Fund to high-net-worth clients.
