Money market funds are commonly used by retail and institutional investors to park cash; they are popular options because of their liquidity, principal stability, and payment of short-term yields.
While there are endless books on the topics of caring for a new baby–from the type of laundry detergent to use to the “best” ways to sleep train–there are not nearly as many resources dedicated to the financial aspects of a baby.
This fall marks 100 years since President Woodrow Wilson signed into law the Revenue Act of 1916, which introduced the estate tax to Americans.
News outlets were flooded on Tuesday with the news that Angelina Jolie had filed for divorce from Brad Pitt, her husband of two years and partner of nearly 12. With six children, numerous international properties, and an estimated $400 million joint net worth, “Brangelina’s” divorce is likely to be more complicated than most. Even without the harsh media spotlight, divorce is almost always a devastating, challenging ordeal.
Barron’s ranking of the Top 100 independents is based on assets under management, the quality of the advisors’ practices, and the revenue they generate for their firms.
The average Class of 2016 graduate has $37,172 in student loan debt, a six percent increase from the previous year. One way parents can help alleviate this debt burden is to start saving early! There are several good options for college savings, and one of the most popular is a Section 529 plan.
Robert Balentine, Chairman robert-balentineand Chief Executive Officer of Balentine, was just named as one of the country’s Top Wealth Managers by Forbes. According to SHOOK Research, the firm behind the Forbes rankings, more than 11,000 nominations were received for this listing and more than 4,000 were invited to apply.
The second quarter of 2016 ended with a bang, as the United Kingdom voted to leave (“Brexit”) the European Union on June 23. This marked the second time in six months that global stock markets experienced severe stress, following the worst January in recorded history.
Much has been written about Prince’s death on April 21, and while the news has mostly focused on his music legacy and the surge in purchases following his death, financial news outlets are discussing the fact he died without a will. With an estimated $300 million at stake, it could take months – if not longer – to untangle the estate. While Prince was unique in many ways, his estate situation is not.
After months of speculation, on June 23 the UK voted to leave the European Union (EU). Since then, markets have been in turmoil, and many wonder what will happen next, both in the markets and in portfolios.