It's challenging — next to impossible, actually — for investors and advisers to have an appropriate level of context for a major market meltdown when we're still caught in the rip tide (and searching for the floor or the shore, whatever comes first).
The U.S. has likely dodged a recession for now, even though it's too early to sound the all-clear for the economy.
Employers added more jobs than forecast in July, the jobless rate fell and wages climbed, easing concern the U.S. economy is grinding to a halt.
U.S. stocks tumbled, erasing the 2011 gain for the Standard & Poor's 500 Index, after an unexpected drop in consumer spending increased concern that growth in the world's largest economy is faltering.
Despite a spotty record -- and a market rebound -- investors are pouring money into risk-reducing vehicles.
Morgan Stanley (MS), owner of the world's largest retail brokerage, named Charlie Mak president of the firm's international wealth-management unit.
The Standard & Poor's 500 Index may fall as much as 24 percent and the euro might tumble to $1.20 if the U.S. economy slows further and Europe's debt crisis widens, said Raoul Pal, the former GLG Partners Inc. fund manager currently writing the Global Macro Investor strategy sheet.
The following is a list of the ten firms that attracted financial advisers with the most assets during the 12-month period ending March 31, 2011, according to data recorded in the InvestmentNews <a href=InvestmentNews <a href=http://www.investmentnews.com/section/recruiting-moves>Advisers on the Move</a> database. During that time, InvestmentNews tracked 544 financial advisers that have changed firms, with more than $76 billion in client assets at the time of their departure.
A U.S. default triggered by the failure of politicians to agree to raising the country's debt ceiling would be an “act of collective insanity” with severe impact on asset prices and the global economy, according Citigroup Inc. economists.
