These trends represent a general overview of the industry and should continue to evolve as the financial landscape changes.
While most advisors have tools and experience to help them stay organized, the follow-through on goals tends to be the real challenge.
Financial professionals share their strategies for winning new Gen Z and millennial clients, and talk about how the generations differ.
These trends represent a general overview of the industry and should continue to evolve as the financial landscape changes.
Now, as USA Today recently pointed out, more and more older Americans living on fixed incomes are realizing they may need to "unretire" to make ends meet. The Consumer Price Index rose by nearly 5% between April 2022 and April 2023. The large money management firms to whom they have entrusted their savings may not be generating the maximum possible return on their…
If you save and invest for decades, you'd like to know you can retire without fi-nancial worries. Nonetheless, you still have to be aware of some threats to a comfortable retirement- and how to respond to them. Your withdrawal rate should be based on several factors, including your age at retirement, the size of your portfolio and the amount of income you receive from…
While most advisors have tools and experience to help them stay organized, the follow-through on goals tends to be the real challenge.
Like most American consumers, small and mid-size business owners are increasingly concerned about economic conditions in the U.S., with two-thirds of them expecting a recession in the next six months, according to a new Nationwide Retirement Institute survey.
By January 2020, she had stolen at least $50,210 in Social Security Administration Retirement Insurance Benefits paid to her mother, according to the U.S. Attorney’ s Office for the District of Massachusetts. McClatchy News contacted a public defender representing her for comment on June 5 and didn’ t receive an immediate response. Although prosecutors have…
Financial professionals share their strategies for winning new Gen Z and millennial clients, and talk about how the generations differ.
Don't be shortsighted when it comes to planning for retirement. When you're making financial decisions, especially for your golden years, you definitely want to make them with a long-term perspective. One of the first realizations people must consider is that retirement could encompass a period of 20 to 30 years for some people.
The U.S. Attorney for the District of Utah, Trina A. Higgins, issued the following news release on June 2, 2023:. A Utah woman pleaded guilty Tuesday to securities fraud and admitted she devised a scheme intended to defraud investors and obtain money and property, under false pretenses, to benefit her company, ProSky Inc.. From February 2015 through February 2020, in…
Jun. 1— A federal judge on Thursday described Joseph LaForte— founder of besieged Philadelphia business lender Par Funding— as a "menace" and ordered him jailed until his trial in a $550 million fraud and extortion case. U.S. Magistrate Judge Richard A. Lloret said he'd been convinced by prosecutors that LaForte, 52, of Philadelphia, had attacked, threatened, or…
Two Lake Norman men, one who owns a lakefront mansion and the other who owns a lakefront home, pleaded guilty Thursday to wire-fraud conspiracy, admitting they stole from unsuspecting investors, federal prosecutors said. Cornelius residents Marlin Hershey and Dana Bradley, both 53, coaxed dozens of victims to invest in unregistered securities, U.S. Attorney…
To receive the referrals they need to grow their business, financial advisors must retain happy clients in uncertain economic times.
The stock market has traded in a fairly narrow range in recent weeks, holding its breath for a deal on the debt ceiling and for signs of oncoming recession. The market is also awaiting future Federal Reserve actions. Bulls and bears have been in a standoff— debating whether a weaker economy will cause the Fed to cut rates and boost stock prices or whether an oncoming…
While there is plenty to discuss regarding what is happening in the stock market and the economy, much of it consists of the same actions and reactions that we've been talking about for a year and a half. During this time, we watched the Federal Reserve label the inflation as "transitory." Furthermore, over the last year, Wall Street was aware of the Fed's intentions as…
Putnam County resident Andrew Brown, age 55, of Putnam Valley, was convicted of defrauding members of the Law Enforcement Employees Benevolent Association, a labor union for law enforcement officers employed by New York City, the US Attorney's Office for Southern District of New York announced on Wednesday, May 31. Brown, along with former LEEBA President and…
(The Hill) — America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask. The…
Carrie Tolstedt, the former head of Wells Fargo & Co.’s Community Bank, agreed to pay a $3 million penalty stemming from charges brought in…
As consumers grappled with financial challenges, most financial advisors surveyed said they increased their level of client engagement.
How did Mindy McCubbin grow her assets under management from $0 to $100 million in less than five years?
When it comes to investing, understanding the various investment vehicles available is crucial.
