New Paper by Merrill Lynch Private Banking and Investment Group Calls for an Expanded View of Wealth as a Sustainable Resource
Families with wealth that lasts for generations tend to focus on
personal values, not just financial assets, according to behavioral
finance experts and family wealth dynamics leaders at Merrill Lynch’s
Private Banking and Investment Group.
In a paper published today entitled “Creating Meaning from Money,”
Merrill Lynch expands on the fundamental idea that building family
wealth that lasts requires focus on four sources of capital1more...
Bank of America/USA TODAY Better Money Habits Millennial Report Finds Financial Stress Impacts Emotional and Physical Well-Being
A new Bank of America/USA TODAY Better
Money Habits Millennial Report released today finds that
while 84 percent of millennials are confident in their ability to manage
their finances, 41 percent are “chronically stressed” about money.
Furthermore, money stress tends to permeate all areas of their lives:
Sixty-five percent report that anxiety about money affects their
Nearly half (more...
Signs Emerge That Gloom Over China Could Be Lifting
Investors are expressing growing skepticism that the U.S. Federal
Reserve (Fed) will raise rates this year amid fragility in the global
economy and earnings, according to the BofA Merrill Lynch Fund Manager
Survey for October.
Fewer than half (47 percent) of investors believe the Fed will raise
rates in 2015, down from 58 percent in September.
A net 19 percent of the panel says global fiscal policy is toomore...