Private Wealth Management
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Download the May 2006 edition of the Global Economic and Market Overview bulletin from Fidelity
here.
The Commerce Department began looking into Conseco's operations in 2001 after receiving complaints from
consumers and agents about "equity indexed annuities" said Gary LaVasseur, director of enforcement for the
Commerce Department. These complex annuities offer a guaranteed interest rate combined with a rate linked to
a stock market index, but the return can be much smaller than what's marketed and there can be high fees and
penalties...More
Wachovia Bank has been named a defendant ina potential class-action lawsuit that charges the bank acted in its
own self interests and without regard to its responsibilities to the sole beneficiary of two discretionary trust
accounts...More
"Cluelessness is underrated." A must read essay from Kathy Sierra
If the White House gets it's way, health savings accounts (HSAs) might finally get serious attention
from employers, workers and self-employed business people looking for a way to blunt the high
cost of health insurance. ...more from FPA
Here is an inspirational message you might enjoy. link