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Financial advisors and investors should brace themselves for increased market volatility brewing for after the November election as the U.S. heads for tax increases and budget cuts at the end of the year, according to new research from Cetera Financial Group.
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Wirehouses are set to lose 7% market share in the next three years, according to a report released Monday by Cerulli Associates. "These survey findings indicate a shifting advisor base between channels, with a lot of activity moving away from the wirehouse firms," Bing Waldert, director at Cerulli, said in a press release.
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The weeks following the November Presidential election that will run up to an impending fiscal cliff, where tax hikes and budget cuts come due, can be summed up with one word: volatility, according to new research from Cetera Financial Group. But both a Democrat or Republican presidential victor will likely have a sway on the markets. Here's a look at how Cetera sees certain sectors faring after the November election.
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Vanguard Group Inc., the biggest U.S. mutual-fund firm, attracted more money from investors in the first nine months of 2012 than it has in any full calendar year in its 38-year history.
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Citi Private Bank has hired foreign exchange trading expert Oscar G. Salem as director and foreign exchange investment specialist. In this newly created position, Salem will oversee the bank's currency business in the Southwest region.
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Before choosing an advisor, Ed Slott believes every client should ask these 10 important questions. (And some top advisors weigh in with their best answers.)
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Taylor Alternative Mutual Funds has launched the Taylor Xplor Managed Futures Strategy Fund (TMFIX), the first mutual fund of the Taylor ALTS family of funds.
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In a bullish sign for the planning industry., Financial Planning's Retirement Advisor Confidence Index - a monthly barometer of business conditions for wealth managers - rose in October.
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The Salentica Advisor Desk with the Schwab OpenView Gateway is a platform for independent investment advisors to access real-time information on their clients' financial holdings through the Salentica CRM solution.
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The PIMCO Emerging Markets Corporate Bond Fund has cut its advisory fee by 10 basis points to 75 bps.
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