Financial advisers are joining the exodus from Pacific Investment Management Co. funds in the wake of co-founder Bill Gross’s abrupt departure last month.
Read MoreFinancial advisers say they are undeterred by the selloff of emerging-markets investments, although they are spending time calming down jittery clients.
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Harold Hamm’s divorce case is grabbing advisers’ attention for a reason other than the billions at stake: the dilemma how to split assets tied to a business.Did Mr. Hamm’s business rise in value due to normal market forces over the course of the marriage, or was it due to his own efforts?By now, you’re familiar with the famed $975 million check that Mr. Hamm, CEO of Continental Resources, wrote to his ex-wife Sue Ann Arnall.
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September 25, 2014
“‘At that point, you have a long time ahead of you until you need [the money],’ said certified financial planner Avani Ramnani, director of financial planning and investment management at Francis Financial. ‘You can deal with the ups and downs of the stock market and have time to recover from the downs,..'”
Read MoreSeptember 21, 2014
“I admire the dedication and commitment of Elsa and her family,” says Avani Ramnani, a fee-only financial planner in New York City. The family needs income as well as a chance to rebuild their savings and future security, she says. In turn, it’s wise for Mr. Olivo to look for a job and Ms. Olivo to look for…”
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September 15, 2014
“‘My … advice to anyone in that situation is yes, you have to meet the needs of your parents and your children, but do not neglect yourself,’ said Ramnani, director of financial planning and investment management for Francis Financial.”
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July 21, 2014
“’Divorce brings a lot of change in your life,’ says Avani Ramnani. ‘Your income scenario might change, your expenses might change, what you thought you had in assets changes. It’s an upheaval on all fronts. It’s a good time to take stock of your new expenses, your new income, your assets and liabilities.'”
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July 14, 2014
“Working two or three more years can make a big difference to your financial picture,” says Avani Ramnani, director of financial planning at Francis Financial in New York. “Essentially what a few extra years does is give you additional savings, and it grows over that period of time and can support your expenses later on.”
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Aired on July 3, 2014
With the Dow at 17,000, two financial advisors offer investing tips for people ages 20 to 50. Avani Ramnani said, “As far as what the market is doing right now, really, you have to focus on the long term, especially for a 20-year-old. You’re not going to use this money, hopefully, for the next 35 to 40 years.”
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