Thomas Balcom News Today

AUM fees are the default setting for many firms, but more creative thinking is needed to attract the next generation of clients.

The 23 biggest banks are well positioned to weather a severe recession, according to the results of the Fed’s annual stress test.

Ever since Democrats gained control of Congress and the White House, advisers have braced for tax increases affecting their wealthy clients.

What You Need to Know Stock market regulation may change after the recent collision between social media and finance. FINRA is looking closely at broker-dealer platforms and the individuals who trade on them. Cutting the time to clear a trade to T+1 could have prevented problems seen over the past month or so, experts say. As regulators investigate what’s become known as the Reddit GameStop squeeze, industry officials are prognosticating how the rules that regulate the stock market could chan...

From a payroll perspective, advisers are generally not expected to be impacted by a minimum wage hike, but the economy at large could be.

Hello, I’ve been working since my senior year in high school and have finally hit the $1 million mark at the age of 55. I probably could have doubled that amount had I chosen to invest wisely. Instead, I banked about 70% of my savings in CDs and other low interest-bearing safe havens. So, now I’ve currently got about $700,000 in CDs earning a paltry 1%. I do however have the other 30% invested in higher-yielding index funds.  Like so many others, I want to retire and get off the me...