Winthrop H. Smith Jr., Summit Ventures chairman and CEO and author of "Catching Lightning in a Bottle," weighs in on what led Merrill Lynch to nearly collapsing during the financial crisis which forced Bank of America's acquisition.» Read More
A 65-year-old couple retiring this year would need $220,000 on average to cover medical expenses, an 8 percent decrease from last year's estimate. But most people estimate just a fraction of that.
Consumer advocates are concerned that fiduciary standard rules won't be strong enough to protect consumers, while registered advisors fear that complex rules will favor bigger firms.
To choose the right financial professional to help you manage your portfolio, you need to understand the different services they offer.
Analyst says that the high commissions leave LPL less money for compliance and attracts brokers interested in skirting the rules, NYT reports.
Britain's Serious Fraud Office has joined the U.S. Department of Justice in opening an investigation into Hewlett-Packard's allegations that it was misled when it bought British software maker Autonomy for $11.5 billion.
Industry heavyweights -- in finance, technology, real estate, media -- weigh in on the one issue, innovation or event they think will change the world in 2013.