The Securities and Exchange Commission takes a fine-toothed comb through any suspicious activity, but rarely do allegations include a suspect searching online how to avoid the agency. Massachusetts Institute of Technology research scientist Fei Yan was arrested Wednesday on federal charges of insider trading. Prosecutors say Yan searched “how sec detect unusual trade” before he
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Every client is different, and therefore every conversation is different, but there are also a number of similarities. A couple of meetings I had last week demonstrate how similar our conversations can be at times. In two separate meetings with two separate longtime clients, I had the same piece of advice: “Go spend some money”
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Louis Vuitton just announced a range of “Tamour Horizon” smartwatches that run on Google’s Android Wear software. It’s the most recent luxury brand to launch a smartwatch running Google’s software. Others, such as Tag Heuer and Montblanc also sell high-end smartwatches. Each Louis Vuitton watch features a watchface with the company’s branding, as well as
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While a Roth individual retirement account can certainly help increase the size of your nest egg, it’s always important to weigh the pros and cons before you invest, says Rianka Dorsainvil, a millennial certified financial planner and owner of Your Greatest Contribution. Dorsainvil says it’s important for everyone to understand all the benefits offered when
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The rich really are different from you and me — at least when it comes to travel. For ordinary travelers, the Presidential Suite might sound like the ultimate luxury. For the traveler with the 25,000-square-foot home or office, though, it’s not much of a wow. “It’s going to look like a closet,” says travel adviser
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So is it possible the retirement crisis is oversold? “It’s not merely possible, it’s probable,” said Andrew Biggs, a scholar with the American Enterprise Institute in Washington and former deputy commissioner for policy at the Social Security Administration. For one thing, he notes that while many contend low-earning Americans aren’t saving enough for retirement, poverty
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Designed by French luxury yacht designers and available only on its Airbus A380-800 aircraft, Singapore Airlines‘ suites are individual cabins with sliding doors, window blinds and a bed that’s separate from the 35-inch-wide leather armchair. Amenity kits are by Ferragamo and meals are served on specially-designed Wedgewood bone china. Through a “book the cook” option,
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Disneyland—arguably the world’s most famous theme park—very nearly didn’t get built at all. Back in 1953, even Walt Disney’s own production company refused to put up the money needed to build the park. But when Walt’s brother Roy set up a big meeting with potential investors in New York, Disney and imagineer Herb Ryman worked
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Financial advisors can deploy a variety of strategies to decrease the toll that taxes can take on retiree clients’ portfolios. The following are three areas of focus. Income: Sources and timing of income can affect tax liability. Retirees with large taxable investment accounts should utilize qualified dividends, long-term capital gains and tax-free municipal bond income,
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New York leads the world in the number of super-rich multimillionaires, though Hong Kong is catching up, according to a new report. A study by Wealth-X found that the New York metro area — which includes parts of New Jersey, New York and Pennsylvania — had 8,350 people worth $30 million or more by the
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Marriage should last forever. The cost of your wedding shouldn’t. Wedding spending hit a new high in 2016, The Knot said in a recent report. The wedding marketplace specialists say average weddings now cost $35,329, up eight percent since 2015. Meanwhile, The Wedding Report says the average cost of a wedding rose less than 1
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President Donald Trump is losing support among millionaires, who increasingly worry about government dysfunction. CNBC’s Millionaire Survey found that 45 percent of millionaire respondents voted for Trump, compared with 41 percent for Hillary Clinton. (The survey respondents were 39 percent Republican, 24 percent Democrat and 35 percent independent). Yet when asked to rate Trump’s first
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Socially responsible investing is attracting more dollars than ever. In fact, following the recent developments around the Paris Climate Agreement, many investors are likely asking themselves how they can use their money to make a positive impact. The total U.S.-domiciled assets under management using sustainable, responsible and impact strategies grew to $8.72 trillion, up from
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Socially responsible investing is attracting more dollars than ever. In fact, following the recent developments around the Paris Climate Agreement, many investors are likely asking themselves how they can use their money to make a positive impact. The total U.S.-domiciled assets under management using sustainable, responsible and impact strategies grew to $8.72 trillion, up from
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If a new study is an accurate indication of what the investment management industry will look like in a decade, investors are poised to benefit. Released by the CFA Institute, “Future State of the Investment Profession” shows that the trends influencing how money managers and financial advisors run their businesses are pushing them toward a
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