Cambridge, a $142 Billion Wall Street Gatekeeper, Cuts Staff
Cambridge Associates laid off roughly four-dozen employees last week as the pioneering investment consultant, facing pressures in that business, attempts to remake itself as an investment manager.
Tres Chic! $20M Florida Mansion Has Closet Modeled After a Chanel Boutique
This home's 600-square-foot closet was designed by the same person who designs Chanel boutiques worldwide, and it's truly mind-blowing.
Consumers Want More Financial Advice from Banks
Consumers see their banks as more of a stressful utility, rather than a financial advisor. According to the Future of Money report released by Cognizant, banks are not proactive with the financial needs of their consumers; 90% of consumers surveyed stated that they primarily deal with their bank for simple transactions only. 'Simple transactions' exclude any discussion around financial health, including insurance coverage or retirement savings, according to the report, which surveyed about 3,000 consumers in the United States and the United Kingdom. The report also concludes that consumers are keenly feeling the lack of financial advice, especially as they often
Is the Middle Class Listening to the Wrong Investment Advice?
Investment Advice for the Middle Class If you are like most middle class investors, it may seem as if there are a million things that separate you from millionaires. In reality, the way the middle class and the wealthy handle investments can be quite similar; investment advice can be founded on the same principles – and the same misperceptio...
Why is the S&P 500 so hard to beat?
CBS.MarketWatch.com SAN FRANCISCO (IRAjunction.com) -- Just about every investor dreams about beating the S&P 500. But, especially lately, not everyone can The S&P 500 does extremely well when large companies do well, and suffers when the largest companies do poorly. If you have IRA accounts that are invested in a diversified portfolio of large U.S. stocks, and they have been underperforming the S&P 500 lately, don't despair. It can be discouraging to own an IRA that doesn't do as well as what most consider to represent "the market." But there are some good reasons why the index has been so difficult to beat lately. Read on, and you'll find out what they are ? and also learn why you can't always compare your mutual fund's performance to that of an index. Construction of…