Money Management Executive Latest News

Financial Planners Rethink Monte Carlo Simulation Tools

SEC May Propose New Money Fund Rules in June, Chairman Says

Flinn Becomes Director of Client Service at MFC

New Internal Revenue Service accounting rules aim to reconfigure the way investors report gains and losses when they sell stocks and mutual funds by putting the burden on those who handle the transactions.

For years, Americans enjoyed the "wealth effect," the sense that their assets were gaining value rapidly enough that they didn't have to save much. This perception of ever-expanding prosperity gave them freedom to spend lavishly and enjoy life. The effect was a function of feeling wealthy as well as being wealthy.

WASHINGTON - Mutual funds remain a sound investment choice, and will, once again, grow through the perseverance of American ingenuity. Investment firms must stress this to investors to restore their faith.

Fidelity Investments, Bank of America and Goldman Sachs manage wealth for the largest percentage of U.S. millionaires, according to a survey by Fidelity.

WASHINGTON — Securities and Exchange Commission Chairman Mary Schapiro, speaking before the Investment Company Institute’ s General Membership Meeting, said she favors the creation of a council of existing regulators to oversee risk in the financial markets, rather than granting that authority to a single regulator.

Investors are regaining their appetite for risk, particularly emerging markets funds, The Wall Street Journal reports.

WASHINGTON—Rather than looking toward a recovery, Richard Davis, chairman, president and CEO of U.S. Bancorp, is “looking for a new direction.”