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Investment News, The debate goes on: To Roth or not to Roth?
Posted on 26. Apr, 2010 by admin.
April 4, 2010 6:01 am ET
The following is an edited transcript of an InvestmentNews.com webcast held in New York on March 9. Moderators were InvestmentNews deputy editors Evan Cooper and Frederick P. Gabriel Jr. Panelists were Ed Slott and David B. Loeper. To listen to the archive of the webcast, visit Investmentnews.com/rothtranscript and click “View archive.”
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The top separately managed accounts
Posted on 17. Mar, 2010 by admin.
Separately managed accounts are individual managed investment accounts extended by a brokerage firm through its brokers or financial consultants. They are supervised by independent money managers. The features of SMA accounts include having an open structure, more than one money manager, and individualized investment portfolios that are created to reflect a client’s investment goals.
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Spotlight on VA’s
Posted on 17. Mar, 2010 by admin.
Join us at the University of Virginia Investing Conference (UVIC) for an in-depth discussion of investments and asset management.
A semi-annual event, the UVIC brings together professional investors with scholars, students and the investing public for a discussion of the trends and developments that are integral to the field.
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Investment in young people can pay off
Posted on 17. Mar, 2010 by admin.
Mr. Merlino, whose firm manages $75 million, put the 30-year-old client on a systematic savings program. Today, the client holds the biggest chunk of the assets the adviser manages — $25 million.
“If I told him he didn’t meet my ideal situation, he never would have grown into this great client,” Mr. Merlino said. “I thought this guy would be successful, but I didn’t think he’d turn into the type of client he is now.”
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Young don’t see value in rolling the dice
Posted on 17. Mar, 2010 by admin.
Coming off one of the worst decades for stocks, they take a more conservative outlook on investing By Jeff Benjamin March 7, 2010 6:01 am Advisers who work with clients in their 30s are witnessing something they’ve never seen before from younger investors: high levels of risk aversion. “I’m talking with a lot more [...]
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Keeping up with the Joneses
Posted on 17. Mar, 2010 by admin.
March 7, 2010 6:01 am ET If there is one stage of life in which competing demands for income are most intense, it is when couples first start out. It is a time when they typically make the biggest purchase of their lives — a home — as well as when they begin the most [...]
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Thirtysomethings ask: ‘What do we do now?’
Posted on 17. Mar, 2010 by admin.
Thirtysomethings ask: ‘What do we do now?’ Rocked by the recession, they are focused on debt rather than savings By Jessica Toonkel Marquez March 7, 2010 6:01 am ET Over the past year, at least six young couples have come to investment adviser Susan Spraker in desperate need of financial help. All of them have [...]
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Medicare tax may apply to investment income
Posted on 02. Mar, 2010 by admin.
President Barack Obama’s health plan proposal would extend Medicare taxes to the investment income of higher-earning households. The health care proposal that the White House released last Monday would extend the existing 2.9% Medicare tax to unearned income — including interest, dividends, annuities, royalties and rent — for taxpayers with income exceeding $200,000 for singles [...]
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Expected about-face on placement agents invites criticism
Posted on 02. Mar, 2010 by admin.
The Securities and Exchange Commission’s expected move to regulate placement agents as broker-dealers instead of prohibiting investment advisers from using them won’t curb influence-peddling, some critics say. After facing a storm of industry protest, the SEC is now looking at a regulatory solution to take the place of the ban that it originally proposed. But [...]
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Secondary market for annuities comes under pressure
Posted on 02. Mar, 2010 by admin.
The nascent secondary market for annuities and their guaranteed benefits could be stunted as the result of a vote last week by state insurance regulators to allow carriers to terminate the annuity benefits if a client sells the contract. Last Monday, the Interstate Insurance Product Regulation Commission, composed of the insurance regulators from 35 states [...]
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Financial advisers bullish on 529 plans
Posted on 02. Mar, 2010 by admin.
Nearly 90% of financial advisers who took part in a recent survey said that they recommend Section 529 college savings plans to their clients. Out of 216 advisers surveyed by InvestmentNews for the College Savings Foundation, 88% said that they recommend 529 plans to clients, and when they do, they tend to consider both in-state [...]
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Dodd seen scrapping fiduciary requirement for brokers in proposal
Posted on 02. Mar, 2010 by admin.
Senate Banking Committee Chairman Christopher Dodd, D-Conn., is expected to introduce new financial reform legislation this week that excludes applying a fiduciary standard to brokers offering investment advice. The provision was circulated three weeks ago by Sen. Tim Johnson, D-S.D., a Banking Committee member. Rather than classifying certain brokers as registered investment advisers, his proposal [...]
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Morgan Keegan’s legal fees are piling up
Posted on 02. Mar, 2010 by admin.
Facing intense pressure from securities regulators and investors, Morgan Keegan & Co. Inc.’s legal fees have skyrocketed during the past two years to $251 million, leaving some industry observers shocked. The firm’s legal costs are largely the result of defending itself from investor claims stemming from poorly performing bond funds that held toxic mortgage-backed securities. [...]
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Mixing friends, family with business is a danger
Posted on 02. Mar, 2010 by admin.
Clyde Wyatt managed his father’s money for about 18 months before he was abruptly dumped for another adviser: His own son Chris. “One day my father was asking some questions about investment options for some maturing certificates of deposit while my son was with me,” recalled Mr. Wyatt, managing director of Navigation Financial Group, which [...]
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Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. Traditionally, from antiquity through the 19th century, it refers to domestic debts, particularly agricultural debts and freeing of debt slaves. In the late 20th century it came to refer primarily to Third World debt, which started exploding with the Latin American debt crisis (Mexico 1982, etc.). In the early 21st century, it is of increased applicability to individuals in developed countries, due to credit bubbles and housing bubbles. Debt relief services are financial solution that is worth checking out.Real Estate Investment
If the property or properties you own happen to be located in Brisbane, Australia, you will need to take a great deal of care when hiring an expert to manage the property for you. Real estate is a big business and everyone seems to want to invest in real estate. You keep hearing a lot of stories about how people made a quick buck by investing in real estate.