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Monday, April 28, 2014

Reuters Money: YouTube: A profitable channel for financial advisers

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04/28/2014
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
YouTube: A profitable channel for financial advisers
CHICAGO (Reuters) - Alan Moore, a Milwaukee, Wisconsin, financial planner, no longer experiences that awkward moment when new clients walk in and are surprised to see he is in his 20s, doesn't wear a suit and tie, and speaks with a Southern drawl.
Fund of hedge funds face fight for cash with consultants
LONDON (Reuters) - Funds that invest in a range of hedge funds are facing a battle to win new business, as the same consultants they court to win money from pension firms are grabbing a chunk of an industry that was already struggling to grow.
How many college applications is too many?
LOS ANGELES (Reuters) - On the surface, it seems to be a simple question: How many college applications should you submit?
Adviser ISS backs hedge fund vote against Nexans boss
PARIS (Reuters) - ISS Proxy Advisory Services is advising shareholders in Nexans to back a hedge fund resolution to dismiss its Chairman and Chief Executive Frederic Vincent from the board at the French cablemaking company's May 15 annual meeting.
Bond funds worldwide attract $3.3 billion over week: BofA
NEW YORK (Reuters) - Fund investors worldwide poured $3.3 billion into bond funds in the week ended April 23, outpacing inflows into stock funds on outperformance in bonds this year, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
Australia and U.S. sign agreement to counter tax avoidance
SYDNEY (Reuters) - Australia signed a tax-information sharing agreement with the U.S. Treasury Department on Monday ahead of a new U.S. law that will crack down on offshore tax avoidance.
DoubleLine's Gundlach suggests shorting homebuilders
LOS ANGELES (Reuters) - Home ownership rates in the United States will likely fall to levels last seen in the 1980s as baby boomers retire and millennials wait longer to form households, the manager of the DoubleLine Total Return fund said Friday, recommending that investors short exchange-traded funds focused on homebuilding companies.
U.S. investigating theft of doctors' tax refunds
BOSTON/WASHINGTON (Reuters) - The U.S. Secret Service and Internal Revenue Service are investigating widespread reports that identity thieves are stealing the tax refunds of physicians, a U.S. senator said on Friday, as doctors fear a database containing their personal information has been breached.
FPA's Romick hoards cash, sees few opportunities
NEW YORK (Reuters) - There are few opportunities for contrarian investors to make money in the current financial markets, Steven Romick, portfolio manager at First Pacific Advisors, said in a speech on Friday.
Look beyond Medicare data when shopping for healthcare
BOSTON (Reuters) - The recent release of Medicare billing records for doctors across the United States brought hope that consumers would get what they need to comparison-shop for healthcare.
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