Practice

Expect more financial regulatory changes, Schwab executives suggested Thursday -- and be wary of a new recession if Congress and the new administration don’t take steps to keep the country from going all the way over the so-called fiscal cliff

President Barack Obama’s re-election means his administration will push to let tax cuts enacted during the George W. Bush era expire for high earners, as scheduled, at year-end. Obama wants to increase the top federal income tax rate to 39.6 percent from 35 percent, boost rates on long-term capital gains to as much as 23.8 percent, and shrink exemptions from estate-and-gift taxes.

The firm has hired Harold Langer, a three-decade industry veteran, to be senior vice president at the Tucson branch.

If there is a constant in the investment advisory landscape, it’s change. And few things are changing faster than the independent sphere.

The average 401(k) balance reached its highest-ever at $75,900 at the end of the third quarter, Fidelity Investments, one of the nation’s largest 401(k) providers, reported Thursday.

With Obama in office for a second term, the markets are likely to do well, the fiscal cliff will probably be resolved and Dodd-Frank and Obama's healthcare legislation are here to stay, said current and former MFS investment experts during the firm’s post-election webcast for financial advisors.

Tim Ryan says focus should be on moving forward with Dodd-Frank and addressing the fiscal cliff.

The elections mostly delivered the status quo, but raised a host of questions about how lawmakers will tackle the fiscal cliff, big bank breakups and housing finance reform.

As advisors scramble to make an impression on prospective clients, one valuable tool is becoming increasingly apparent – blogging.

“Last night’s speech showed that he knows that he needs the whole country engaged and to work with him,” BNY Mellon Investment Management CEO Curtis Arledge said of President Obama.