In a surprising move, Rep. Spencer Bachus put his controversial adviser SRO bill on indefinite hold, stating no oversight measure will get out of committee without bipartisan support. That could take some time.
The race for the presidency may be a real squeaker. But when it comes to attracting donations from investment advisory firms and wirehouses, Mitt Romney is winning in a landslide.
If elected, Mitt Romney says he will cut out all investment taxes on the middle class. Great news for advisers, right? Right?
That best describes the underpinnings of middle-income Americans' financial decisions. And a new survey reveals just how much it's costing them.
In the first presidential debate on Wednesday night, Republican presidential nominee Mitt Romney did something that he's resisted since he began his quest for the White House 18 months ago. He embraced his Inner Massachusetts. That moved him to the political center, where investment advisers reside.
Ever since the Dodd-Frank financial reform law was enacted, Capitol Hill Republicans and the financial industry have insisted that the Securities and Exchange Commission and other regulators carefully measure for the potential impact of new rules on the markets. Industry was not alone in traveling the cost-benefit-analysis highway this week. Fiduciary advocates demonstrated that it is a two-way street.
While Republican presidential candidate Mitt Romney struggles to overcome President Barack Obama's lead in most polls, there's one group that is increasingly confident he will win — financial advisers.
Democrats and Republicans are headed for a big blowup over taxes — and the treatment of capital gains could be what sets them off.
