The Asia-Pacific Wealth Report 2014 has confirmed what we all already know; Asia is minting millionaires. According to the report, by Capgemini and RBC Wealth Management, the region's number of high-net-worth investors (defined as those with inve...
Admitting to Fraud
An accomplice to jailed Ponzi scheme artist Scott Rothstein pleaded guilty to conspiracy to commit wire fraud for his part of the Florida attorney's $1.2 billion crime. Richard Pearson, 57, of Miami, acted as a broker and rece...
A Rich Afterlife
Forbes released their annual list of top-earning dead celebrities last week, and Michael Jackson once again came out on top with $140 million in earnings. Jackson, who died in June 2009, had his second posthumous album release t...
The Second Life
How can professional athletes set themselves up for post-sports success? According to a Fortune Magazine report, players need to develop their business strategy prior to retirement. The article highlights Derek Jeter, who retired...
The Gates Made of Gold
Entrepreneurs who made their own fortunes accounted for 35 of the 50 people on a recent Wealth-X list of the wealthiest individuals in each U.S. state. That includes self-made entrepreneur Bill Gates, Microsoft co-founder...
Reducing the Risk
A report released this month by Research Affiliates argues that young workers should begin with a less risky portfolio, noting that their attitudes about investing and risk bearing should not be “poisoned” by a bad early experi...
Fade to Black
A former stockbroker was sentenced to three years in prison after pleading guilty to scamming the Broadway producers of Rebecca: The Musical by lining up fake investors in the production in exchange for a finders' fee. Mark Hotton...
Alt ETF of ALT ETFs
ProShares has partnered with Morningstar to launch an alternative investments ETF that is meant to be a one-stop diversified portfolio of alternative strategies in a single, low-cost ETF wrapper, with the ticker ALTS. The fun...
The Future of Finance is More of the Same?
Silicon Valley venture capitalist Marc Andreesen got a lot of attention with a Q&A in Bloomberg Markets magazine where he suggested the entire realm of finance was ripe for disruption. He speaks optimis...
Worthwhile
Hightower CEO Elliot Weissbluth is profiled in this month’s Worth magazine, which also named him No. 91 on the publication’s list of the 100 most powerful people in finance, along with New York attorney general Preet Bharara (No. 1)...
