Investment News articles from September 2008

Investment News archives from September 2008

401(k)s tapped for loans less than in 2007; Hardship withdrawals are up, plan data show.(News)
September 1, 2008... Byline: Lisa Shidler Despite reports this year that more people were borrowing from their 401(k) plans to cover daily expenses, the latest data from several plan providers show that the number of loans have fallen in some cases. ...

Seeking balance sheet gold; Companies with strong dividend potential are object of AFBA fund.(Street Wise)
September 1, 2008... Byline: Jeff Benjamin The current uncertainty surrounding the equity markets and the overall economy, tied largely to the troubled banking industry, is playing right into the hands of Stephen Goddard, co-portfolio manager of the $80...

African-Americans, Hispanics struggle to maintain lifestyle; Few middle-class families prepared for economic hardship.(News)
September 1, 2008... Byline: Charles Paikert Remaining in the middle class has been especially tough for African-American and Hispanic families in this year's difficult economic times, according to financial advisers and a recent public-policy report. In...

DFA sees new international opportunities; Small-cap-value stocks are focus of new fund using quant strategies.(News)
September 1, 2008... Byline: Sue Asci To capitalize on international investing, Dimensional Fund Advisors LP has launched an international-equity fund despite comparatively stronger U.S. stock market performance. The International Vector Equity Portfolio...

Survey: Most women not very trusting of advisers; Just 12% rate their advisory relationship as 'strong,' poll finds.(News)
September 1, 2008... Byline: Darla Mercado The good news is that women trust financial advisers more than automobile mechanics. The bad news is that they trust advisers less than insurance agents. On a scale of one to five, with a five representing the...

Appeal of alternatives overstated?(Short Interests)
September 1, 2008... Byline: Sue Asci The market for alternative investments among retail investors may not be as robust as the industry anticipates, according to recent survey conducted by Keefe Bruyette & Woods Inc. In the study, which surveyed 49...

Paying for college without tears.(Short Interests)
September 1, 2008... Byline: Lisa Shidler It is possible to help children pay for college without sacrificing retirement savings, but it takes planning and creative thinking, said Timothy Higgins, a certified financial planner. Mr. Higgins, an adviser with...

Court voids non-compete contracts; Calif. decision on 'narrow restraint' exceptions seen as boon to employee reps.(News)
September 1, 2008... Byline: Dan Jamieson Lawyers say that an August decision by the California Supreme Court that voids narrow-restraint exceptions for non-competition agreements could be a big boon for brokers. Many brokerage firms, including most of the...

Zero Alpha urges enforcement of fiduciary standards; NAPFA, FPA to focus on bolstering investor awareness programs.(News)
September 1, 2008... Byline: Andrew Coen The financial planning industry must step up its enforcement of required fiduciary standards to regain investor trust, say officials of the Zero Alpha Group. ZAG, a Washington-based network of nine independent...

Australian deal raises investor protection concerns; SEC says it has assessed Australia's regulatory scheme, but has not released details of its review.(News)
September 1, 2008... Byline: Dan Jamieson The mutual recognition agreement signed last week by the Securities and Exchange Commission and Australian regulators has been hailed as a way to ease cross-border trading, but it has also raised some concerns about...

Housing's continuing crisis.(Viewpoint)
September 1, 2008... Financial planners and investment advisers are likely to have a hard time calming their clients over the next few months as the mortgage crisis continues to roil the financial markets. They will have to draw on all their training and all...

Your clients' kids and their credit; Just Thinking.(Viewpoint)
September 1, 2008... Byline: Jim Pavia Given all the media coverage of college students drowning in credit card debt, it seems that today's young people would be more aware of the dangers of unwise spending. Year after year, however, studies show that college...

College saving put on hold.(News)
September 1, 2008... Byline: Aaron Siegel Over a third of parents have slowed or stopped saving for their children's education as they struggle with higher food and energy costs, a survey from TD Ameritrade Holding Corp. suggests. However, 87% of parents...

Muni death watch concerns advisers; Jefferson County, Ala., heads closer to $3.2 billion default.(News)
September 1, 2008... Byline: David Hoffman Many financial advisers consider municipal bonds to be relatively safe investments, but that image took a hit last week when Jefferson County, Ala., moved a step closer to what could be the largest municipal bond...

At the bell.
September 1, 2008... Study: ETFs a threat to mutual funds Despite what mutual fund insiders have been saying for years, exchange traded funds are indeed a threat to mutual funds, according to a report released Friday by research firm Cerulli Associates Inc. ...

CFOs are feeling gloomy.(Short Interests)
September 1, 2008... Byline: Andrew Coen Corporate chief financial officers aren't optimistic about the state of the U.S. economy for the rest of 2008, according to a recent survey. The CFO Optimism Index for the U.S. economy plunged from a record low of...

Is the bear market for financials over? Some observers think that the sector hit bottom in mid-July.(News)
September 1, 2008... Byline: Dan Jamieson Some market watchers think that the unprecedented rout of financial stocks may have ended in July. The finance sector rebounded sharply July 15, the day after regulators announced a plan to shore up Fannie Mae of...

Experts try to divine the direction of oil; After recent drop, long-term price scenarios for energy range from bleak to bright.(News)
September 1, 2008... Byline: Jeff Benjamin As Gustav threatened last week to become the first major storm to disrupt oil and gas production in the Gulf of Mexico since 2005, market analysts, financial advisers and money managers hunkered down with the latest...

Carbon trading set to expand in U.S. Credits allotted to big companies are for sale; market could hit $1 trillion by 2020.(News)
September 1, 2008... Byline: Sue Asci With a shot at becoming a $1 trillion market in little more than a decade, carbon trading is poised to take a major step forward in the United States. What is for sale are carbon allowances, intangible credits allotted...

Improved regulatory climate helps propel ETFs' growth; Other voices.(Viewpoint)
September 1, 2008... Byline: Matt Forstenhausler and Joseph F. Grainger With new products emerging and a streamlined global regulatory regime on the horizon, the scope and popularity of exchange traded funds is growing. At the end of last year, there were...

Prime numbers.
September 1, 2008... Go figure 45: The average length in months of the 12 bull markets since 1948 as defined by Putnam Investments and based on the Standard & Poor's 500 stock index. Source: Putnam Investments 57%: The percentage of Americans ages 18...

Industrial REITs take hit as global economy slows; Recent returns trail those of the S&P 500.(News)
September 1, 2008... Byline: Janet Morrissey Despite consistently having generated above-average returns during much of the past six years, industrial real estate investment trusts, especially those with a global reach, are slipping along with the economy. ...

Mutual fund allots portion of fee to charity; Founder of Davlin Philanthropic Fund says the concept provides for 'automatic' giving.(News)
September 1, 2008... Byline: Sue Asci Maybe this will make fund fees easier to bear. The Davlin Philanthropic Fund, which was launched in July, will donate one-half percentage point of its 1.65% expense ratio to charities picked by its investors. ...

Long term care carrier battles with reinsurer; Dispute sheds light on role of reinsurance in industry's financial health.(News)
September 1, 2008... Byline: Darla Mercado A $100 million-plus contractual dispute between a Pennsylvania insurance company and its Bermuda-based reinsurer highlights the crucial - yet lightly regulated and often opaque - role of reinsurance companies in the...

Encourage 'alternative' investments; Help your clients buy experiences and invest in rich memories that will last forever.(Practice Management)
September 1, 2008... Byline: Kathleen Rehl These trying financial times are affecting most Americans. From the steep cost of gasoline, escalating grocery bills and depressed stock prices to rising inflation, falling real estate values and gloomy economic...

The tax impact of selling calls; The sales can bring in good money, but watch out for tax traps.(The Tax-Conscious Adviser)
September 1, 2008... Byline: Robert N. Gordon Selling covered calls is a common strategy employed by many investors to enhance the return of their equity position. In today's high-volatility, directionless market, this strategy has become quite attractive....

IN events.(Short Interests)
September 1, 2008... Sept. 9 Community Leadership Awards Dinner Celebrate advisers who are making a difference in their community. Award honorees will be announced during the dinner. The Invest in Others Charitable Foundation will make a donation of $10,000 to...

The week ahead.(Short Interests)(Calendar)
September 1, 2008... Sept. 1: All markets are closed in observance of Labor Day. Sept. 2 Data on construction spending for July are scheduled for release at 10 a.m. ET. The Institute for Supply Management's August manufacturing index is due out at 10...

Auction settlements snub corporate buyers; Investment banks' pacts with regulators put businesses at bottom of list for buybacks.(News)
September 1, 2008... Byline: Hilary Johnson Recent regulatory settlements by Citigroup Inc. and other big banks have set the tone for what corporate investors can expect from the auction rate securities mess. The bottom line, some say, is: Wait and see,...

Rydex, DWS push education on alternative investments; Many advisers admit gaps in knowledge about new asset classes.(News)
September 1, 2008... Byline: David Hoffman Good information on how to use alternative, hedge-fund-like, retail-oriented investments is hard to come by, according to industry experts, but some asset managers are hoping to change that. For example, Rydex...

Finra, SEC rules constrain advisers in blogosphere; Blogs largely viewed as advertising, not discussion forums.(Tech Update)
September 1, 2008... Byline: Davis D. Janowski Advisers who rely on blogs to communicate with their clients view the activity as a harmless, inexpensive technology. In contrast, the New York and Washington-based Financial Industry Regulatory Authority...

Wealthy wives want equal treatment from advisers; 78% of women surveyed were confident about their financial decisions.(News)
September 1, 2008... Byline: Lisa Shidler Married wealthy women want to be treated as equal partners in terms of financial decisions when they meet with financial advisers, according to a study from Mintel International Group Ltd. released exclusively to...

Key points.(News)
September 1, 2008... * A cap-and-trade plan aims to control emissions of pollutants by imposing caps on the amount of a pollutant that can be emitted by a company. Under the plan, companies are issued "credits," or "allowances," which represent the right to emit a...

Low returns spur big cuts for money managers; No perks are off-limits amid an environment of belt-tightening.(News)
September 8, 2008... Byline: Thao Hua As leaner times sweep through the asset management industry, everything from travel expenses and catering services to payroll (read: bonuses) is on the chopping block. Lower investment returns and assets under...

NexGen eager to serve middle market; Young advisers seek new ways to help the less affluent.(News)
September 8, 2008... Byline: Aaron Siegel As part of an effort to make their mark on the industry, many members of the Financial Planning Association's NexGen group of young advisers have targeted the underserved middle market - those with less than $500,000...

Convergent coup may be ominous for wirehouses; Defection of advisory teams underscores big firms' vulnerability.(News)
September 8, 2008... Byline: Charles Paikert Convergent Wealth Advisors' stunning lift-out of two advisory teams - which are estimated to oversee a combined $7 billion in assets - from Citigroup Inc.'s institutional-clients group may precipitate a spate of...

Ladenburg grabs two managers from Ameriprise; The new hires are intended to build Gen X and Y business.(News)
September 8, 2008... Byline: Bruce Kelly Ladenburg Thalmann Financial Services Inc. of Miami continued its expansion into the independent-contractor broker-dealer marketplace last month by snagging two managers from Ameriprise Financial Inc. of Minneapolis....

Fund seeks 'undervalued industries'; Quant manager analyzes 2,000 companies in 147 industries and nine sectors.(Street Wise)
September 8, 2008... Byline: Jeff Benjamin Finding cheap stocks isn't a problem for Bob Strauss, manager of the $97 million Icon Income Opportunity Fund (IOCIX). From his perspective, almost everything is cheap. In fact, his general quantitative analysis...

Quant funds tested by tough market; Firms hesitant to launch computer-driven offerings amid volatility.(News)
September 8, 2008... Byline: David Hoffman The proliferation of mutual funds that rely on computers to select stocks is coming to an end. Mutual fund companies had rolled out 29 so-called quantitative funds year-to-date through Aug. 31, down nearly 58%...

At the bell.
September 8, 2008... More woes ahead for Merrill, analyst says More write-downs are on the horizon for New York-based Merrill Lynch & Co. Inc., according to a report from an analyst. William Tanona of The Goldman Sachs Group Inc. of New York downgraded the...

Bear market mauling investors' attorneys; ARS settlements and tougher compliance result in a dearth of cases.(News)
September 8, 2008... Byline: Dan Jamieson Plaintiff's lawyers are the latest victims of the bear market, complaining that while they normally prosper during bad times, lucrative cases now are few and far between. Even a major industry scandal - the auction...

Challengers line up for Finra board seat; Spot has been open since Richard Goble resigned in May.(News)
September 8, 2008... Byline: Dan Jamieson Several small-firm advocates are lining up to run for an open spot on the Financial Industry Regulatory Authority Inc.'s board. Dan Roberts, founder of Roberts & Ryan Investments Inc. in San Francisco, and Howard...

403(b) plan participants save less than 401(k) investors; But many employees of non-profits also will receive pensions, which may explain behavior.(News)
September 8, 2008... Byline: Lisa Shidler Participants in 403(b) plans tend to be more conservative and set aside less money than those in 401(k) plans, according to a new study. Advisers trying to bolster their 403(b) business need to understand that...

Natixis Global Asset Management LP.(News)
September 8, 2008... Founded: 2000 Headquarters: Boston and Paris Assets: $890 billion as of June 30 Best known affiliates: Loomis Sayles & Co. LP of Boston, Harris Associates LP of Chicago, Snyder Capital Management LP of San Francisco, Vaughan...

JPMorgan program evaluates target date funds; Firm's offering is a 'framework' for tailoring a solution.(News)
September 8, 2008... Byline: Sue Asci JPMorgan today launched a program, announced exclusively in InvestmentNews, to evaluate target date funds based on investment holdings and strategy, making it available to financial advisers who work with the firm. ...

Chamber economist expects '09 recession; Economic-stimulus checks already spent on gas, food, he says.(News)
September 8, 2008... Byline: Sara Hansard The economy is coming off an "artificial bump'' fueled by the economic-stimulus package enacted this year, and the United States could be headed for a recession. That's the assessment of Martin Regalia, the chief...

Prime numbers.
September 8, 2008... Go figure 39%: The percentage of U.S. asset-backed securities held by foreigners. Sources: Federal Reserve Board, RGE Monitor $50,233: The national median income in 2007, up 1.3% from 2006. The nation's poverty rate held steady at...

Auto 401(k) plans keep participants in the game; Few change their fund choices - or their contribution rate.(News)
September 8, 2008... Byline: Lisa Shidler Consider the inertia of today's 401(k) plan participants the vindication of behavioral economics. Instead of pulling out or frantically switching funds, as many as 90% of participants who were enrolled in their...

A feel-good ad campaign.(Short Interests)
September 8, 2008... Byline: Lisa Shidler MassMutual Financial Group is counting on the fact that consumers worry about whether they have made the right financial choice with its new campaign, Good Decisions. The campaign is meant to support consumers'...

Free clinics to lessen investors' financial woes.(Short Interests)
September 8, 2008... Byline: Andrew Coen Prices for gas and food have risen, stock and bond prices have been battered, and housing prices have dropped - leaving investors scared and confused. In response, the Certified Financial Planner Board of Standards...

12(b)-1 fees still confound industry; S&P study suggests reductions by closed funds.(News)
September 8, 2008... Byline: Sara Hansard Some fee-only financial advisers argue that 12(b)-1 fees should be eliminated because they don't serve their original purpose of paying for fund marketing. The industry is still waiting for some resolution on the...

Ameriprise prevails in dinged brand case; Advisers claimed breach of franchise agreement.(News)
September 8, 2008... Byline: Bruce Kelly Ameriprise Financial Inc. has defeated a group of advisers who sought a class action alleging that because the company recently changed its name, the power of its brand allegedly had been diminished. On Aug. 26,...

REIT short sales reverse course and fall; First full-month decline in bearish indicator since mid-2006.(News)
September 8, 2008... Byline: Janet Morrissey The bears are starting to ease up on real estate investment trusts. The number of REIT shares being shorted fell 3.1% between mid-July and mid-August, reversing a trend that has gripped the sector for much of...

Younger workers fail to save for retirement; Forty-and-under set lack financial confidence.(News)
September 8, 2008... Byline: Aaron Siegel While Generations X and Y consider earning money a top priority, many are not self-sufficient, while others fail to include retirement considerations in their financial plans, according to a new report. Fidelity...

IN events.(Short Interests)
September 8, 2008... Sept. 9 Community Leadership Awards Dinner Celebrate advisers who are making a difference in their community. Award honorees will be announced during the dinner. The Invest in Others Charitable Foundation will make a donation of $10,000 to...

The week ahead.(Short Interests)(Calendar)
September 8, 2008... Sept. 8 Consumer credit data for July will be released at 3 p.m. ET. The National Association of Insurance and Financial Advisors' five-day annual conference continues through Wednesday in San Diego. Sept. 9 The National...

Adviser works for Maryland's hungry; A tireless advocate, Larry Adam has helped feed millions over three decades.(Serving the Community)
September 8, 2008... Byline: Charles Paikert The long rows of steel shelves in the cavernous warehouse of Baltimore's Maryland Food Bank should be overflowing with boxes of donated food. Instead, many of the shelves - way too many - are empty. "We...

GunnAllen Financial sold; Sykes, investment group leader, set to become chairman of parent firm.(News)
September 8, 2008... Byline: Bruce Kelly Another independent-contractor broker-dealer changed hands last Thursday when a group of investors lead by the founder of Sykes Enterprises said they will buy GunnAllen Financial Inc. John H. Sykes, founder and...

FEDERAL CHARTERS REMAIN TOP INSURANCE ISSUE; Industry confident about legislation to create Office of Insurance Information.(Special Report: Insurance Products in Financial Pl)
September 8, 2008... Byline: Sara Hansard The continuing battle over federal licensing continues to dominate the Washington agenda of the insurance business. The industry is confident that the House of Representatives will approve legislation to create a...

Grail poised to introduce actively managed ETFs; Its year-old application with the SEC is now in the comment phase awaiting approval.(News)
September 8, 2008... Byline: John D'Antona Jr. Grail Advisors LLC of San Francisco intends to enter the defined contribution market by offering actively managed, transparent equity exchange traded funds, said William Thomas, chief executive of the firm. ...

Critic charges that ETFs are 'riddled' with structural defects; Traditional ETFs are susceptible to arbitrage activity, says chief executive of Next Investments.(News)
September 8, 2008... Byline: David Hoffman They may be gaining in popularity, but exchange traded funds are far from the perfect product. Many are "riddled'' with structural defects, said Dan McCabe, chief executive of Next Investments, a Bedminster,...

Did slumping dollar cause oil price surge?(Viewpoint)
September 8, 2008... The dramatic decline in the price of oil over the past several weeks, at the very time the U.S. dollar was strengthening against other currencies, raises some interesting questions. Was the dramatic run-up in the price of oil over the past...

Venture capitalists fear closing of cash-out door; Worries that IPO market will slow further.(News)
September 8, 2008... Byline: Liz Skinner Venture capital investment in the United States has remained fairly steady so far this year even as credit markets have headed further south. The U.S. VC community, though, is worried how the next year or two will...

AGING AMERICA CREATES NICHE FOR GERIATRIC-CARE MANAGERS; Advisers seek specialists' advice on handling clients' long term care needs.(Special Report: Insurance Products in Financial Pl)
September 8, 2008... Byline: Darla Mercado Geriatric-care managers are now linking up with advisers to help them better serve clients' long term care needs. As the population continues to age, advisers are recommending long term care coverage to their...

Acquisitions are top agenda at Natixis despite challenges; Firm faces identity issues and the difficulties of marketing alternatives to retail investors.(News)
September 8, 2008... Byline: Sue Asci Even as it labors to gain visibility, Natixis Global Asset Management LP is forging ahead with plans to make acquisitions, particularly of firms that offer alternative investments. But the Boston and Paris-based...

Insurers target wealthy investors with VA enhancements; They look to revamp their products after disappointing quarter.(News)
September 8, 2008... Byline: Darla Mercado Declining variable annuity sales will likely lead to enhancements to and new uses for VAs as carriers look for additional ways to appeal to high-net-worth investors. VA sales fell 12% in the second quarter, to...

Dividend reinvesting seen as smart in volatile market; But strategy works only under certain scenarios, advisers say.(News)
September 8, 2008... Byline: Janet Morrissey To reinvest or not to reinvest - that's a question facing today's nervous investors as they wonder whether it's best to plow back dividend distributions or use the money elsewhere. Most financial advisers and...

529 industry launches fall advertising blitz; Downturn leads to reduced saving, more anxiety, say surveys.(News)
September 8, 2008... Byline: Charles Paikert States and financial services companies promoting Section 529 college savings plans face an uphill battle this year as they kick off their traditional fall advertising campaigns. Due to the faltering economy,...

MoneyGuidePro updates offer more flexibility, automation; Morgan Stanley unit is pilot testing new version before its Sept. 20 release.(Tech Update)
September 8, 2008... Byline: Davis D. Janowski The latest version of MoneyGuidePro focuses on flexible features designed to automate an adviser's initial meetings with clients. Due for release Sept. 20, Generation 2 is the first major retooling of the...

Insurance distributors are resigned to approval of SEC's proposed rule; They try to prepare for the possibility of being dropped if index annuities become securities.(News)
September 8, 2008... Byline: Darla Mercado As the comment period ends this Wednesday on an SEC proposed rule that would regulate certain index annuities as securities, independent distributors are gearing up in anticipation of the rule's enactment. If the...

Firm gives a Legg up.(Short Interests)
September 8, 2008... Byline: Andrew Coen With the belief that body language can play a role in the financial adviser-client relationship, Legg Mason Inc. is launching an educational program for planners designed to help them interpret signs such as client...

Apartment REITs seen at a crossroads; Hot sector may be headed for a fall, some say.(News)
September 8, 2008... Byline: Janet Morrissey Apartment REITs have been on a tear this year, but red flags have started to appear, and there are signs that the group's high-speed run may soon hit road bumps - or possibly even a blowout - in the months ahead....

MORE ADVISERS SELLING INSURANCE PRODUCTS; LTC coverage playing a greater role in planning, survey shows.(Special Report: Insurance Products in Financial Pl)
September 8, 2008... Byline: Darla Mercado Advisers are selling more insurance, particularly long term care insurance, according to the InvestmentNews 2008 Insurance Product Survey, which polled 445 financial advisers. This year, 45.9% of respondents said...

Correction.(Correction notice)
September 8, 2008... In a story that appeared in the Aug. 11 issue, "Recent quarter gives REIT investors vacant feeling,'' the company that Michael Bilerman, an analyst at Citigroup Inc. of New York, said faces the biggest risk related to debt should have been...

Online opinion poll.(Short Interests)
September 8, 2008... Previously, we asked you: When do you think the United States will be energy independent? 60% of 486 readers said never. 0-5 years: 1% 5-10: 5% 10-15: 11% 15-20: 22% Vote now! Visit investmentnews.com/poll to respond...

What's new on investmentnews.com.(Short Interests)
September 8, 2008... /WealthTrack Chris Cordaro of RegentAtlantic Capital on taking risks in today's environment. /INPractice How to tier client retirement reviews. /OnRetirement Creating a pre-retirement checklist. Top web stories viewed Aug. 29-Sept. 5 ...

Closing quote.(Short Interests)
September 8, 2008... "All you're getting for your premiums is that if you go into a nursing home, you go bankrupt a bit more slowly." -David Mendels, a CFP and director of planning at Creative Financial Concepts, on long term care. Page 14

Snapshot of advisers' insurance activity.(Special Report: Insurance Products in Financial Pl)
September 8, 2008... What do you consider to be the most important of the following product features when advising clients on life insurance? If you recommend insurance products, which of the following products do you most often recommend? How often do you...

A national look at municipal bond insurance.(News)
September 8, 2008... Insured municipal bonds outstanding in each state, Puerto Rico and the District of Columbia as a percentage of total outstanding muni debt, as of Aug. 29. Total outstanding muni debt: $3,091.27B

Closing quote.(Short Interests)
September 15, 2008... "If Colonel Sanders is proposing something, then the chickens need to be worried." -G.M. Livingston III, an adviser with Livingston Financial Planning Inc., on the potential conflict of interest in a proposed bill from a member of the Texas...

What's new on investmentnews.com.(Short Interests)
September 15, 2008... /WealthTrack Dan Rice of the BlackRock Global Resources Fund discusses energy stocks. /taxes Using intentionally flawed trusts to cut taxes. /INPractice How to complete year-end reviews early. Top web stories viewed Sept. 5-11 1....

Online opinion poll.(Short Interests)
September 15, 2008... Previously, we asked you: Do you think that putting employees' investments in 401(k) accounts on automatic pilot is a good idea? Yes: 58.2% No: 41.8% Vote now! Visit investmentnews.com/poll to respond to this week's question....

The week ahead.(Short Interests)(Calendar)
September 15, 2008... Sept. 15 Industrial-production figures for August are slated for release at 9:15 a.m. ET. The three-day Cleantech Forum, which focuses on clean-technology investing, begins in Washington. Sept. 16 The August consumer price...

The big squeeze: Raising kids, caring for parents; 'Sandwich generation' gains notice of advisers, financial services firms.(News)
September 15, 2008... Byline: Charles Paikert Americans who are raising children and caring for aging parents at the same time, the so-called sandwich generation, are being squeezed, and financial services firms are beginning to pay attention. "People get...