Archive for August, 2011
It was reported this morning that Warren Buffet’s Berkshire Hathaway is investing $5 billion in one of the worst-performing stocks of the year, Bank of America. With the news, and the vote of confidence from one of our country’s best investors, the markets opened up over 1%, with most financials leading the charge. However, the […]
2011 Top Wealth Managers: State of the Industry By Philip Palaveev and Jonathan McQuaid (excerpt) Defining Excellence is a difficult thing to do. It comes in many forms and is achieved in different ways. It cannot be tied to a single tangible standard such as assets under management, profitability or efficiency. As the top wealth […]
In our Monthly Economic report, we take an in-depth look at the changes in our markets and the effects of economic policy nationally and globally. This broader perspective provides greater clarity in understanding the forces that affect investment performance and future expectations. Click Here for report.
In a cost-cutting effort to save $30 million, the Social Security Administration is suspending delivery of annual benefits statements by mail for this fiscal year which ends in September. Starting next year, they anticipate saving an additional $60 million by mailing benefits statements only to those 60 years and older. Everyone else will have to go online […]
Copyright Glassman Wealth Services®, LLC With Ben Bernanke’s announcement yesterday that the Fed intends to keep rates near zero for the next two years, retirees and those who depend on income from their savings remain in a yield drought wasteland with no apparent end in sight. The Glassman Wealth Services white paper, The Yield Drought […]
Barry speaks with Lauren Young of Reuters about what the debt ceiling dilemma may mean to investors. Read more.