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1 week ago | 
fa-mag.com | Karen DeMasters
As concerns mount about the future of Social Security, Medicare and Medicaid in the face of federal budget cuts, some people are making poor decisions based on fear, according to Martha Shedden, president of the National Association of Registered Social Security Analysts. Instead of acting on fear, people who want the Social Security maximum benefits should reach out to financial professionals for help, Shedden said.
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2 weeks ago | 
fa-mag.com | Karen DeMasters
As investors are becoming more comfortable with active ETFs, they are moving on to discussions about which portfolio managers are the best, according to Dave Mann, head of ETF product and capital markets for Franklin Templeton. This trend comes at a time when many asset managers have focused on actively managed ETFs and certain foreign market like Poland and Germany have displayed above-average strength.
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2 weeks ago | 
fa-mag.com | Karen DeMasters
The current market turmoil is hurting the United States and other developed countries, but it might be a good time for investors to look at emerging markets, according to James E. Craige of Stone Harbor Investment Partners, an investment manager and emerging markets debt manager based in New York City.
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3 weeks ago | 
fa-mag.com | Karen DeMasters
The generosity of family and friends who want to financially help families with children with special needs can sometimes backfire by costing the family money, according to Rich Yam, a Wealthspire Advisors executive. A monetary donation can push the family or the individual with special needs over certain income limits, making them ineligible for federal programs, Yam said in an interview.
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3 weeks ago | 
fa-mag.com | Karen DeMasters
Investors are turning to alternative investments, including alternative ETFs, and even cash to deal with the volatility of the current marketplace, State Street Global Advisors said in two new studies.
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3 weeks ago | 
fa-mag.com | Karen DeMasters
May is a busy month for some of the biggest New York City auction houses, which puts legacy collections of art, antiques and other collectible works on the market for high-net-worth investors. Christie’s Auction of the collected art works of businessman Leonard Riggio and his wife, Louise, will give the public the opportunity to add these art collections to their investments. Christie’s is also auctioning the collection of Anne H.
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4 weeks ago | 
fa-mag.com | Karen DeMasters
Earnings for LPL Financial, the nation's largest independent broker-dealer, increased 11% in the first quarter as the firm prepares to complete the acquisition of Commonwealth Financial Network, the firm reported. Net income was $319 million, or $4.24 earnings per share. Activity for the firm was up for the first quarter in all categories when compared to last year, CEO Rich Steinmeier and Matt Audette, president and chief financial officer, said in an earnings call on Thursday.
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1 month ago | 
fa-mag.com | Karen DeMasters
Diamond Consultants, an industry-leading consulting, recruiting and executive search firm based in Morristown, N.J., is transitioning its leadership to the next generation, the firm announced today. Founded by Mindy Diamond in 1998, Diamond Consultants quickly became a premier consultant in the financial industry world. Mindy Diamond, the firm’s current CEO is transitioning from that role, one in which she sets strategy for the firm, and will become chair of the board.
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1 month ago | 
fa-mag.com | Karen DeMasters
As more government and some private sector employees face the loss of their jobs, it’s the obligation of financial advisors to present them with future options, said Crystal Cox, senior vice president and advisor at New York City-based Wealthspire Advisors, a national wealth management firm with nearly $30 billion in AUM. “One of the first calls a person should make after a job loss is to the advisor. It is our job to know the client’s choices in a situation like that.
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1 month ago | 
fa-mag.com | Karen DeMasters
A majority of parents experience feelings of guilt about their parenting decisions, which often causes them to overspend on their kids, according to a survey by Ameriprise Financial. Parents also told the company that they reported being caught between conflicting financial goals for themselves and their children. “It is clear parents are concerned about the trade-offs they are making for their children,” says Deana Healy, vice president of financial planning and advice at Ameriprise.
