Money

The Number of ‘Everyday Millionaires’ is Soaring

More Americans are now millionaires thanks to strong real estate markets, rising stock values, and 401(k) investments.

Zero Interest Rates Are Back in Europe

European central bankers have repeatedly cut interest rates as price growth has slowed and economies have weakened.

As Energy Costs Surge, Eastern Governors Blame a Grid Manager

Electricity rates have risen 23% to 40% over 5 years, in 5 states, and officials say grid managers like PJM serve the interests of power companies.

Ballooning National Debt May Kill Private Investment: Apollo

“This is not healthy,” says Apollo's chief economist. “Half of credit issued in the economy should not be going to the government.”

$35B RIA Aims to Help Advisors Grow Business, Save Time

Shifting to a no-transaction fee structure and offering a more streamlined portfolio management are all part of its new strategy.

U.S. Is Trimming Back Its Collection of Consumer Price Data

The cuts are the latest blow to a statistical system that was already struggling to maintain the quality of its data.

Why Are So Many Retirees Filing for Social Security Earlier?

Your client may be anxious about Social Security's viability, but there's a key argument you can make against claiming early.

Wall Street’s Riskiest Stock Deals Are Back, With a Trump Bump

SPACs, or special purpose acquisition companies, have been embraced by the president and his allies, but they come with big risks.

Wealthy Clients Want Fixed Fees, More Service: Ernst & Young

They also are more open to relying on AI for financial planning instead of a human advisor, according to the recent report.

The Booming Business of Returned Products

As tariffs cut supplies and hike prices, tip your clients to the bargains available through the reverse logistics industry.

Latest News

Seniors Outnumber Children in 11 States and Almost Half of Counties

There are still more kids than older adults, but that difference is shrinking as more boomers hit 65.

BlackRock Aims to Tap Into Texas Reputation

BlackRock launches an ETF to tap into Texas's growing reputation as a magnet for companies, capital and jobs in the United States.

1 in 3 Baby Boomers Vow to Never Sell Their Home

The reluctance of older homeowners to sell makes it more difficult for younger generations to find a home.

That Unexpected Call From Your Doctor’s Office Could Be a ‘Spoofing’ Scam

Scammers can and do fool caller ID systems to trick seniors and steal their personal information.

RIA Firm’s Rethink of Retirement Investing a Finalist for Research Award

Dunham & Associates whitepaper offers a new approach tailored to increasing life expectancies.

Two Investment Banks Want Out of 20-year-old Settlement

The $1.5 billion settlement with 12 investment banks addressed a scandal over analysts issuing positive research to win business.

Allworth Financial Acquires Two Midwestern Firms

The partnership with Salzinger Sheaff Brock and Sheaff Brock increases Allworth’s AUM and AUA to over $30B