Practice

Morgan Stanley Chief Executive Officer James Gorman called on the investment bank’s employees to pressure U.S. lawmakers into reaching an agreement that averts the so-called fiscal cliff.

Spectrem’s monthly measure of wealthy investors’ outlook took a dive in November due to year-end worries.

Long-time advisors Bill Duncan and Ziv Ohel joined Ameriprise in Deerfield, Ill.

Sure, investors still feel nervous, companies are hesitating to spend cash, and all attention is on fixed income and bond funds.

With gas prices flat, the IRS has announced a 1-cent increase in standard mileage rates for the business use of a vehicle. Thus, that rate will be 56.5 cents per mile for business miles driven in 2013, up from 55.5 cents a miles this year.

The Nationwide Funds Group is taking two tacks to drive growth of assets.

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein is among the business leaders invited to the White House Wednesday as President Barack Obama seeks their support for his approach to addressing the fiscal cliff, according to two people familiar with the matter.

Symmetry Partners, a registered investment advisory based in Glastonbury, Conn., announced the release of a new mobile application for its financial advisor clients on Tuesday.

“Our report confirms the hypothesis that investment advisors need to engage in technology to attract and retain clients in this market segment,” said Al Chiaradonna, senior vice president of SEI’s Global Wealth Services.

How many business owners have worked with an advisor to put a firm succession plan in place? Not many, but most are still confident their businesses will continue to be successful once after they retire, according to a Merrill survey.