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Tier relo ups ATL status as ‘fintech’ hub

Urvaksh Karkaria Staff Writer – Atlanta Business Chronicle A Reston, Va.-based electronic payments firm is relocating its headquarters to metro Atlanta, considered the “payments capital of the world.” Tier Technologies Inc. (Nasdaq: TIER) develops software that processes federal, state and local tax payments, and online tuition and utility payments. The company could create up to...
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Funds move away from star managers

Mutual fund star managers have gone the way of the vinyl record: They’re cool to have, expensive to get, and sometimes, not the best quality. In their place, fund companies like Federated Investors, Eaton Vance and Invesco are moving in favor of a team-oriented approach. Even Fidelity Investments, home of one of the first star...
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When Gold Buyers Overpay

It’s nearly impossible to watch TV for more than an hour without coming across at least one commercial from a gold dealer. But even if you’ve already decided to invest in gold and want to get your hands on the physical asset, the loudest gold proponents won’t necessarily give you the best deal. The explosion...
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Caring for Mom and Dad can activate tax breaks

Caring for Mom and Dad can activate tax breaks By Lynn Brenner NEW YORK (Reuters) – In a tough economy, millions of Americans have acquired new financial dependents: their parents. If you’re among them, your tax adviser should be the first to know. “There are tax breaks that can help you if you’re financially supporting...
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9 Things Financial Advisers Don’t Want You to Know

9 Things Financial Advisers Don’t Want You to Know Finding the right financial adviser is a lot like dating. You want someone smart, trustworthy, and dependable. But you also want some sparks—the excitement of seeing your portfolio grow. There are nearly 176,000 people out there calling themselves financial advisors, according to the Bureau of Labor...
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Exotic Investments That Offer Gains, but Also Pose Risks

Stocks are scary these days and too risky for many investors. Cash instruments and government bonds have yields close to their lowest levels ever. That combination could heighten interest in the myriad funds that focus on exotic, none-of-the-above assets. More than 20 exchange-traded funds and mutual funds introduced since the stock market plunge of 2008...
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Bubble Fears Cooling in Emerging Markets

Emerging markets are being called upon to do the global economy’s heavy lifting, causing some investors to rush into the asset class while causing others to fear that a bubble is forming. “Asset flows into (exchange traded funds) , which I consider fast money, were going into emerging-markets ETFs,’’ says Steven Rogé, portfolio manager of...
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Fiduciary leaders splinter into two advocacy groups over divergent views

“Fiduciary standard” is one of the most bandied-about phrases in the advisory community – most advisors are for it, but ideas on how to achieve that lofty standard can vary. Case in point: Two years ago, a band of investment professionals and fiduciary experts formed the Committee of the Fiduciary Standard. But recently, some dissatisfied...
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How much will I be spending in retirement?

NEW YORK (Money) — How can I go about calculating the expenses I should expect in retirement? — Bozena Thrower, Portland, Conn. When the big “R” is still decades down the road, it’s virtually impossible to tell how much you’ll actually spend. So for most of your working days, it’s okay to rely on the...
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