Latest News

Broker-dealer sales practices to seniors focus of Massachusetts sweep

Jul 30, 2014

Survey intended to inform regulators, prevent financial abuse of elders.

Succession planning doesn't mean selling

Jul 30, 2014

Aging advisers need to ask themselves if selling their practice can fund their own retirements.

Donald Sterling's battle holds harsh lessons for advisers

Jul 30, 2014

The L.A. Clippers owner's fight with pro basketball highlights important tax and estate strategies that may surprise you.

Greenspan says stocks to see 'significant correction'

Jul 30, 2014

Former Fed chief not so sure on timing as equities not "grossly overpriced"

Fund managers brace for Argentina default fallout

Jul 30, 2014

More than 130 funds have exposure to Argentina's debt, but consequences may be limited for investors.

LPL Financial hit with $2M fine, ordered to pay $820K in restitution

Jul 30, 2014

LPL Financial last month was hit with a $2 million fine, and ordered to pay $820,000 in restitution, for failing to maintain adequate books and records documenting variable annuity exchanges.

Ameriprise advice unit reports 29% increase in pretax profit

Jul 29, 2014

Net revenue per adviser up 14%, reaches $468,000

CFP Board holds fire on apparent fee-only violation

Jul 29, 2014

In another high-profile case, board tells adviser Rick Kahler he must drop fee-only label but he disagrees.

DFA, American Funds retain top spot – and most money – from advisers

Jul 29, 2014

Despite putting more money in mutual funds, advisers are working with fewer fund managers. This has meant declines for Pimco and BlackRock, while DFA and American Funds remain favorites.

How to grow an advisory business with technology

Jul 30, 2014

Tech may not drive an adviser's profitability, but it's essential to building a practice

Dan Fuss: Risk in geopolitics, high-yield, leveraged funds

Jul 29, 2014

Loomis Sayles bond fund manager says the firm is “as cautious as we've ever been”

Onetime rival Cole now a selling machine for Schorsch

Jul 29, 2014

After getting broker-dealers like LPL Financial to sign selling agreements, asset manager Cole Capital expects to raise $3.1 billion this year for American Realty Capital Properties.

Puerto Rico debt depresses UBS Wealth earnings

Jul 29, 2014

Despite record revenue at UBS Wealth Management Americas, profits fell in the second quarter as the firm reported that it had to set aside $44M for litigation costs, mostly related to the firm's investments in Puerto Rico.

Raymond James wants advisers to focus on retirement planning

Jul 29, 2014

Hopes to move conversations more to lifestyle and goals rather than portfolios and dollars.

Fuss sees Fed holding off for a year as Fisher urges rate hike

Jul 29, 2014

Dan Fuss says geopolitical risks will keep the Federal Reserve from raising interest rates too soon, countering calls from Fed Bank of Dallas president Richard Fisher for an increase as early as this year.

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