Practice

As the balance of power in Washington is upheld, advisors prepare for tax increases in 2013

Buying high and selling low isn’t a portfolio-damaging behavior that only investors struggle with.

The uncertainty has vanished with the re-election of Barack Obama as president. But the incumbent who won a second term last night still has a number of problems that he continues to face – from a sluggish economic recovery, a huge deficit, a stubbornly high unemployment rate and of course, the fiscal cliff.

Elizabeth Warren, the CFPB architect and frequent bank critic, was elected late Tuesday to the Senate, much to the dismay of the financial services industry.

President Barack Obama’s victory positions him to claim a mandate for pushing a proposal through Congress that would let tax cuts expire for top earners and avert $1.2 trillion in automatic spending reductions.

Peng Chen, current chief executive officer of Dimensional Fund Advisors’ Asia (ex-Japan) subsidiaries and Chairman of Dimensional SmartNest (Dimensional Retirement), is adding another title to his resume.

Summit Brokerage Services expanded its team of advisors adding seven advisors over the last five months, the Florida-based company announced Tuesday.

Jeffrey Carney may be looking for new digs and a new gig.

Successful advisors chose their third-party partners wisely so that they can best use their extra time to make a greater impact on the individuals and families they serve.

In response to the damage and disruption inflicted by Hurricane Sandy, the Securities and Exchange Commission will extend the deadline for regulatory filings for publicly traded companies, investment advisors and other regulated entities.