Peter Dunn—who is bringing his Pete the Planner column to IBJ, starting March 15—talks with podcast host Mason King about his own business and brand, the cost of travel sports and how not to pay for college.
The case against the former star Merrill Lynch broker centered on his practice of keeping clients in commission-based accounts even as the securities industry moved toward fee-based accounts, which in many cases were cheaper for clients.
It’s not clear whether the bull or the bear will prevail in 2019, so financial planners are counseling clients to expect volatility and take advantage of it, if that meets their long-term strategies.
J.P. Morgan has won a preliminary injunction against three former employees in its Carmel office, who are accused of taking at least 20 clients with millions of dollars in assets to a competing firm.
The new record comes on the heels of other signs that consumers are finally shrugging off a recession hangover, despite stubbornly stagnant wages that haven’t matched mushrooming corporate revenue.
Just more than half of married women leave long-term financial decisions, including those about investing, to their spouses, even though the wives often are handling the daily household budget.
The surging stock market, which has more than quadrupled since early 2009, has helped increase the value of 401(k) and Individual Retirement Accounts.
Thousands of residents in central Indiana pre-paid their property tax bills before Jan. 1, resulting in more than $31 million in early payments, according to research by IBJ. The early payments marked a significant increase for most areas.
The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs.
The new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice.
Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is now facing serious prison time, according to federal officials.
Authorities say the man defrauded a longtime client out of nearly $1.2 million and spent that money on vacations, golf club memberships, meals and retail purchases.
Indianapolis-based Archway Technology Partners, which specializes in wealth management, reported revenue growth of 104 percent from 2013 to 2015.
A prominent Indianapolis family that filed a complaint against an RBC Wealth Management broker seeking nearly $20 million in damages recently accepted $3.5 million to resolve the dispute.
The president will direct the Treasury secretary to review the 2010 Dodd-Frank financial oversight law, which reshaped banking rules after the 2008-09 financial crisis.
The prices for nine of the 12 gifts listed in the holiday carol stayed the same or became cheaper this year, according to the 33rd annual PNC Wealth Management Christmas Price Index released Thursday.
Cooke Financial Group LLC, which oversees $1.7 billion in assets, is parting ways with Wells Fargo Advisors LLC. Principals Chris Cooke and Brian Cooke have bought into Chicago-based Noyes and will run the largest of its seven offices.