Career News 24/7: Reuters Money: U.S. shutdown strategy - Many advisers keep clients in stocks

Tuesday, October 1, 2013

Reuters Money: U.S. shutdown strategy - Many advisers keep clients in stocks

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10/1/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

U.S. shutdown strategy - Many advisers keep clients in stocks

The looming U.S. government shutdown has plenty of investors asking if it's time to exit the stock market or stay put.

Seniors face more scams as Obamacare launches

CHICAGO (Reuters) - Seniors have been sold plenty of lies about health reform since the Affordable Care Act (ACA) became law in 2010. They've been told that it will slash their benefits and create "death panels" to weed out those too old and sick to be worthy of medical care; that it will crush the popular Medicare Advantage program; and that government will get between them and their doctors.

Column - Forget fundamentals, it's all about government: James Saft

(Reuters) - Get used to it: in today's dysfunctional investment landscape, most risk is, at bottom, government risk.

Demographics will drive the 'new normal' economy

(The author is a Reuters columnist. The opinions expressed are his own.)

Ex-Morgan Stanley broker pleads guilty in insider trading case

(Reuters) - A former Morgan Stanley financial adviser pleaded guilty to an insider trading charge for tipping a childhood friend to Gilead Sciences Inc's plan in 2011 to buy Pharmasset Inc, three days before the $11.2 billion takeover was announced, court and regulatory records show.

TCW buys Craton Equity in push to expand alternatives group

NEW YORK (Reuters) - Investment firm TCW has acquired private equity firm Craton Equity Partners in a push to expand its alternative offerings, the head of the firm's alternative products division said Monday.

U.S. Postal Service defaults on $5.6 billion for future health benefits

WASHINGTON (Reuters) - The U.S. Postal Service on Monday defaulted yet again on a prepayment for the healthcare of its future retirees as its finances remain in the red and legislative reform remains elusive.

U.S. study says asset managers could pose systemic market risk

WASHINGTON (Reuters) - Some activities of asset managers could pose risks to the broader marketplace, according to a study released by the Treasury Department on Monday that boosted the likelihood the largest such firms would face tougher federal scrutiny.

SEC would operate as normal in early weeks of shutdown

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission would continue reviewing IPO applications and monitoring markets as normal in the early weeks of a government shutdown, but market players are increasingly anxious about the prospect of a prolonged funding gap.

Helping clients through divorce boosts business

TORONTO (Reuters) - Faisal Karmali had been a financial adviser for 10 years when he decided to add divorce financial planning to his toolkit. Since then, his practice has surged, with new clients seeking advice at what may be the most financially fraught time of their lives.