Updated Saturday, July 4, 2015 as of 6:06 AM ET
Millionaire Investor Confidence Plunges
Concerns about China and turmoil in Greece, along with growing speculation about the Federal Reserve were leading factors in the decline in investor confidence, according to a Spectrem Group report.
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Wealthfront CEO Adam Nash says “Silicon Valley optimism” will help reimagine and redefine financial services. more »
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At the urging of management, advisors and bankers now hold joint annual review meetings with customers in a coordinated quest to secure more of their business. more »
The additional revenue from President Obama's expected proposed tax increase would be used to fund programs to assist the middle-class; Plus, how to help a client who missed employer's matching 401(k) funds. more »
Older middle-class Americans in their 50s are more likely to lack confidence in their retirement preparedness, with almost half fearing they haven't saved enough. more »
Global private wealth will grow 40% to $369 trillion by 2019, with more than one quarter of the growth coming from emerging markets, according to Credit Suisse Group AG. more »
Only about 20% of the mass affluent market have a financial advisor, notes FutureAdvisor CEO Bo Lu, compared with around 60% of individuals with more than $1 million in investable assets. more »
Mass-affluent investors are a confused group, so advisors need to set clear expectations about the markets, as well as the help they can provide. more »
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Billion-Dollar Roundup: Where Are the Biggest Teams Moving?
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