The top tier of retirement savers has attracted the attention of federal deficit bean counters, and the mutual fund industry isn't happy about it.
Mutual fund companies are feeling the heat to use social media including Facebook, Twitter, and LinkedIn as venues through which they can reach clients and prospective investors.
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Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff like this and never gotten that type of response."
The U.S. and China agreed on a "substantial phase one" trade deal that delays tariff hikes set to kick in next week.
The Dow gave up 200 of its 500-point gain in the final half hour as markets realized there was no timeline for removal of the existing tariffs.
As the need for high-level financial advice grows, wealth managers handling high-net-worth clients grow more important.
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