One of the most aggressive outsiders in tapping dissatisfaction among brokers and investors since the credit crisis began is LPL Investment Holdings Inc. Its LPL Financial is nowhere close to a household name, but has grown into the fifth-largest U.S….
The brazenness and cynical manipulation of these victims is beyond the pale. – Lawrence Brown, Acting US Attorney I just read an article from the front page of yesterday’s Roseville Press Tribune saying that a local outfit, Loomis Wealth Solutions,…
Years ago, when I wrote a popular financial makeover feature for a major national newspaper, one of our subjects asked if he should be plowing his more than $50,000 in savings into gold. It was 1997 and gold was trading…
It’s a complete rethink of how to do asset management. – Jeff Seymour, Triangle Wealth Management LLC in Cary, NC, who early last year changed from a buy and hold strategy to holding about 90% of client money in short term…
Entertaining and funny story headlining this month’s Atlantic Monthly, “Why I Fired My Broker”, exploring a question that many middle/upper class Americans are asking themselves these days: Should I fire my broker/financial advisor? Where can I get good financial advice?…
I just came across a shocking post from Jeff Mathews on Berkshire’s equity portfolio: “This Just In: Berkshire Equity Portfolio Back To Its Cost Basis”, Saturday February 28. In that post, Mathews says that Berkshire’s equity portfolio, which had a…
As we allege in our complaint, Stanford and the close circle of family and friends with whom he runs his businesses perpetrated a massive fraud based on false promises and fabricated historical return data to prey on investors. – Linda…
Geez…. Mish’s post from Sunday night, “Peter Schiff Was Wrong”, has sure generated a lot of interest and controversy. That’s because Peter Schiff is a polarizing figure. People tend to either love him or hate him and have a hard…
One of the best and most well read investment bloggers, Mish of Mish’s Global Economic Trend Analysis, ripped into Peter Schiff last night in a lengthy tirade on his blog titled “Peter Schiff Was Wrong”. One thing that Mish gets…
Over the last month, a number of commentators have begun to vocipherously denounce levered ETFs pointing out that, over periods of time longer than a day, many of these ETFs don’t deliver what you’d expect them to. The first that…