Latest News

Franklin Templeton suffers big profit drop as investors pull cash from mutual funds

Oct 22, 2015

In worst quarterly outflow ever, assets under management at the firm dropped 11% in fiscal fourth quarter, to $771 billion.

401(k) plans often provide greater chance for retirement savings than pensions: EBRI

Oct 21, 2015

Economic modeling shows voluntary enrollment 401(k) plans provided better opportunity for achieving an 80% salary replacement ratio than DB plans for three of four income categories.

From the C Suite with Janney's Timothy Scheve: Patience really is a virtue

Oct 21, 2015

Leaders should be good listeners, and once making it to the top, realize they can no longer be friends with anyone.

A robo-adviser may be in the works for Morgan Stanley

Oct 21, 2015

Wealth Management President Gregory Fleming says a digital platform could attract younger clients to the firm.

Two SEC commissioners nominated

Oct 21, 2015

Democrat Lisa Fairfax and Republican Hester Peirce have academic backgrounds and sit on the agency's Investor Advisory Committee.

Advice-industry leaders welcome Ryan's focus on getting things done in Congress

Oct 21, 2015

Possible speaker of the House of Representatives understands issues important to advisers better than most lawmakers.

With more workers lacking 401(k) plans, retirement savings crisis grows

Oct 21, 2015

Even those with plans save the maximum and few set aside money in IRAs or Roth IRAs.

Wells Fargo and Credit Suisse strike recruiting deal for 250 advisers

Oct 21, 2015

Wells Fargo & Co. and Credit Suisse have struck a deal for Wells to recruit close to 250 advisers currently under the roof of Credit Suisse's U.S. private bank.

Is your 529 college plan one of the four with Morningstar gold?

Oct 20, 2015

Improvements to some plans include lower fees and an added layer of investment consultants.

Pennsylvania advisers with $425M AUM jump to UBS

Oct 20, 2015

One three-man team had $270M in assets, while a fourth individual joining separately had $155M.

RCAP "unlikely" to dump Cetera for $700 million: analyst

Oct 20, 2015

Citigroup's Bill Katz questions report that RCAP was shopping Cetera for "fire sale" price

eMoney and MoneyGuidePro take a second stab at an integration

Oct 21, 2015

The two powerhouses of financial planning software providers, MoneyGuidePro and eMoney, announced they are integrating with one another after pulling similar plans earlier this year.

Finra efforts fail to reduce brokers' record-cleansing: PIABA

Oct 20, 2015

Between 2012-14, expungement was granted in 87.8% of cases in which it was sought, according to the Public Investors Arbitration Bar Association.

Advisers shy away from LTC insurance dialogue: Study

Oct 20, 2015

Low comfort level with LTC products makes advisers recoil, but some think that's a weak argument.

Finra sanctions a dozen IBDs $6.7 million for breakpoint snafus

Oct 20, 2015

Finra ordered a dozen firms to pay restitution and fines totaling $6.7 million for failing to give clients discounts for large purchases of unit investment trusts.

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