The drive to merge or acquire hasnt slacked off among registered investment advisory firms, but the push to align with another organization should be governed by a firms strategic objectives if its to pay off.
Slicing and dicing the body of American workers has come up with a new demographic: the high-net-worker, with a high income and spending habits to match, an apparently inexhaustible appetite for work and scorn for the very idea of retirement.
Rising income inequality is a byproduct of pension reform actions that have made people rely on defined contribution plans rather than defined benefit plans.
Boomers and GenXers alike face retirement with misgivings, although Gen Xers are far more despairing of even having a retirement in which they can pursue their own interests.
Americans in all age groups are getting the picture that the old three-legged stool of income for retirement is just too wobblyso theyre adding a fourth leg: work.