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Smart investment advisors will triple their assets in the next four years, according to a new report from Pershing Advisor Solutions. Not to be outdone, Pershing itself, which is making a big run at wealth managers, might beat that estimate. The firm grew from $41 billion in advisory assets in 2005 to more than $73 billion at the end of 2007. During the same period, the firm’s number of relationships with advisors grew from 385 to 480 firms. And greater growth is probably on the horizon, thanks in no small part to the firm’s recent recruiting coup when it hired longtime star advisor consultant and best-practices guru Mark ...
Whenever the subject of Honor Killings comes up, we invariably hear that these are unique to the Muslim religion. They are not. Here is a perfect example from the NYT on Thursday. It describes an honor killing in India (the family is Brahmin). When Nirupama Pathak left this remote mining region for graduate school in New Delhi, she seemed to be leaving the old India for the new. Her parents paid her tuition and did not resist when she wanted to choose her own career. But choosing a husband was another matter. Her family was Brahmin, the highest Hindu caste, and when Ms. Pathak, 22, ... Read More
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