Economy & Markets
The important economic and stock market news that advisors need to know.
Smith Barney Tweaks New FA Comp Plan
By Janet LevauxCitigroup has tapped Gary Crittenden, formerly of American Express, to become CFO of Citigroup on March 12 -- making Citi's former CFO Sallie Krawcheck the...
April 01, 2007
Right-Sized and CustomizedBoston is a Mecca of the money management industry, serving as headquarters for a fair number of mutual funds, broker-dealers and fund managers. This being...
April 01, 2007
London CallingPitting an enervated Brit against a brash, self-confident Yank is a frequent theme in post-World War II, post-Empire British literature, appearing in spy thrillers by...
March 20, 2007
High-Net-Worth Investor StudyMost millionaires use a financial advisor, according to the High Net Worth Investor Study released March 19 by Boston-based Fidelity Registered Investment Advisor Group (FRIAG). The study profiled how millionaires use financial advisors, and assessed their confidence in the current economy and the economy a year from now.
March 08, 2007
IRA, 401(k) Savers Have Similar Investing Styles: EBRIRetirement account owners make similar asset allocations in stocks and interest-earning assets whether investing in IRAs or 401(k)-type plans, a new study finds.The study by ...
March 08, 2007
IRA, 401(k) Savers Have Similar Investing Styles: EBRIRetirement account owners make similar asset allocations in stocks and interest-earning assets whether investing in IRAs or 401(k)-type plans, a new study finds.The study by ...
March 07, 2007
UnitedHealth Completes Restatement ProcessA large managed care company says it has finished correcting the way it accounted for stock-based compensation expenses.UnitedHealth Group Inc., Minnetonka, Minn., estimates the corrections ...
March 01, 2007
Three Lessons from the Market MeltdownFrom its beginning in the overheated Asian markets to the dramatic drop in the Dow, Tuesday's plunge in stock prices came as a surprise to many traders. Although unusual -- there have been only 29 trading days since 1950 that have resulted in such large percentage losses for the S&P...