The legendary corporate raider is accused of a Ponzi-like scheme by the New York short-seller Hindenburg Research. It's become a key source of corporate fright, even panic, this year: the New York firm Hindenburg Research. On Jan. 24, Hindenburg Research accused Asia's richest man of fraud.
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Study: Investor satisfaction with advisors falls along with markets
Investor satisfaction with investment advisors dropped in year-over-year financial advisor ratings, a recent study found.
Lincoln Financial Group released new research that shows small business owners have big personal finance concerns.
If the rate of inflation falls and the Federal Reserve starts to cut interest rates, then bond prices will increase and the value of bond funds with long maturities will increase, and equity prices will also rise. But no one can be sure if inflation will be controlled, and if inflation is not controlled better, then the Federal Reserve will not be taking steps to…
U.S. regulators have extracted some valuable lessons from the country's first banking crisis in more than a decade. Last week, both the Federal Reserve and the Federal Deposit Insurance Corp. offered their explanations in separate reports on the failures of Silicon Valley Bank and Signature Bank- part of a rash of collapses that persisted this past weekend as…
Survey identifies leading disruptors of the retirement industry
An aging workforce, Generation Z, the growing demand for personalized investment advice, and financial wellness were cited as top disruptors of the retirement industry in a recent survey.
Good savers who take full advantage of their 401 plans and other tax-deductible retirement plans could be setting themselves up for unnecessarily high tax bills in retirement. This tax bomb could be set off because the retiree's withdrawals will be taxable, and required minimum distributions could even force them into a new, higher tax bracket— and cause them…
Help clients achieve financial balance during all life stages
A series of strategies to help clients attain their goals, no matter their age.
Brad Rhodes: Stress and retirement. Published 12:00 am Sunday, April 30, 2023. Retirement can be a time of great joy and relaxation, but it can also be a time of stress and anxiety.
May 1— The work world is changing, says Garry Thurman, owner of Guardian Investment Advisors. Men may have, at one time, dominated financial affairs. But as more women enter the work force, they are learning to take control of their financial health and longevity.
San Francisco- based First Republic has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, as investors and depositors have grown increasingly worried that the bank may not survive as an independent entity for much longer. At the end of last year, the Federal Reserve ranked First Republic 14th in size among U.S. commercial…
BENTON, Ill.– A former vice president and loan officer for Community First Bank of the Heartland in Mount Vernon admitted in federal court in Benton on Friday morning to multiple acts of arson and bank fraud. "Richard Pigg not only used his professional position to deceive his victims and defraud the bank that employed him, he also risked the lives and safety of our…
Credit card rewards help our family save money on groceries, gas and other necessities. We also use rewards for airline tickets, hotel rooms and airport lounge access. We’ re in good company.
Investment markets are in a challenging period in which large swaths of the stock and bond market have lost value. You may have noticed the impact of this on your own workplace retirement savings plans, such as 401 or 403 accounts. While watching the value of your portfolio drop is never easy, investors must understand that markets can be volatile over short…
In some high-cost parts of theUnited States, the homes seniors bought years ago for a modest amount are nowworth $1 million or more. But owning ahomeworth $1 million isn’ t the same as having an equivalent amount of money in the bank. To cash in on the rise in your home’ s value, you usually need to sell— somethingmany retirees are reluctant to do.
10 tips for a successful journey to become a top financial advisor
Top advisors have one thing in common – they all are on a lifelong journey that begins in the mind.
Retirement is a significant milestone for every couple. The days of making college tuition and mortgage payments are hopefully over. It's now time to throttle back and enjoy the good life.
Brad Rhodes: Will your student loan debt last into retirement? Student loan debt is a growing problem in the United States, with many people struggling to pay off their loans well into their retirement years. According to a report from the Consumer Financial Protection Bureau, the number of older Americans with student loan debt has quadrupled over the past…
Bill to protect seniors against financial fraud heads to Senate
As older Americans are increasingly the target of financial fraud, a bill to project against senior scams is headed to…
Retirement is a monumental life goal, one that most Americans keep their eye on throughout their working life (and rightfully so!).
