According to a report out today ranking the world’s 20 biggest wealth managers. BofA took the top spot with $1.944 trillion in assets in private banking followed by Morgan Stanley with $1.628 trillion and UBS AG with $1.559 trillion. The increase in AUM for the private banking industry was helped primarily by market gains which […]

The Giants, Fastest Growing And Emerging Talent. Fee-only and hybrid financial advisors are growing bigger and faster at the expense of their wirehouse counterparts.

There’s more to the Syrian civil war than rebels versus the regime. Syria’s neighbors in the Middle East also have a stake in the conflict. FULL STORY

Guatemalan Maya natives kneel in front of a temple at the Tikal archaeological site on December 20, 2012. The exquisite site of Mayan ruins began hosting winter solstice ceremonies on Thursday as the region’s indigenous people marked the end of an era. The 2012 phenomenon comprises a range of eschatological beliefs according to which cataclysmic […]

Only 15 states have told the federal government they plan to operate health insurance exchanges under President Barack Obama’s reform law, leaving Washington with the daunting task of creating online marketplaces for two-thirds of the country. FULL STORY

House Speaker John Boehner says he was “flabbergasted” when Treasury Secretary Tim Geithner pitched the White House plan to save the nation from the “fiscal cliff.” FULL STORY

Federal Reserve chairman Ben Bernanke used the term “fiscal cliff,” it quickly became the newest Washington buzzphrase. As the deadline to avert the cliff nears, it has overtaken the European debt crisis as the most talked-about story in the financial media. The fiscal cliff refers to the enactment of a number of laws that would, […]